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Real Estate Tips
Financing Your Home >Your Mortgage

Many homeowners overlook the mortgage payment as a tool for financial management. They get the mortgage, move in, make the payments, and pay off the loan eventually. Smart homeowners know that by properly adding to their monthly payments, even by a small amount, they can substantially reduce the term of their loan, not to mention the total interest they will pay. In fact, prepaying one full year of a standard mortgage can save thousands of dollars in interest. The key is to do it properly and to find the right lender for whom prepayment is not a problem.

More progressive lenders allow the option to add money to the monthly payment which goes directly to the principal. How much should you add? It's largely a personal decision, and it depends on your cash flow. But be mindful of the fact that the mortgage interest rate is probably the lowest interest loan you will find, so don't short yourself with prepayment only to run up credit card debt!

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Real Estate Trivia
Q 
Which metropolitan area in America currently offers the most affordable market in which to buy new homes?

A 
The housing market in Youngstown, Warren and Boardman, Ohio is currently the most affordable metro area in the U.S.
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Tracey A. Donley, REALTOR®, real estate agent and broker for Las Vegas, Summerlin and Green Valley, Nevada home listings, property and land for sale - NUMBER1EXPERT

Tracey A. Donley
RE/MAX EXCELLENCE

4435 S. Buffalo Drive
Las Vegas, NV 89147
800-401-2224
Fax: 702-255-1010
tracey@traceydonley.com

Tracey Donley and her carefully, hand-picked real estate sales team aim, quite simply, to provide you with KNOCKOUT SERVICE & RESULTS! They want to put the "WOW!" word back into your vocabulary, whether you are selling or buying real estate in Las Vegas!!! If your objective is to save your valuable time and money while selling your property or buying exactly what you want in real estate, then Tracey welcomes you to spend as much time as you wish on her web site getting acquainted with her and the manner in which she conducts business!


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