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All agents are NOT alike! Find out why I am a top real estate expert. Call Delores at 865-850-4264.
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Find Out About the Latest Homes for Sale First! I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS. Find Out More > View All Offers >
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"Thank you for your excellent service" "I know that I can always count on you for information and help and that is a comfort to both of us." "Hugh & Natalie Patton, Auburntown, TN" Read Quote >
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Compare three mortgages
at one time. Download TripleCalc now. It's free.
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Delores A. White is one of The Top Selling Real Estate Experts Find Out More > |
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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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| Q |
On what famous American street can you find the most expensive retail space for rent anywhere in the world?
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| A |
Fifth Avenue, New York City, U.S.A. offers retail space for rent at the rate of $580 per square foot. |
See More Real Estate Trivia > |
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