Save Interest Build Equity Shorten The Term

Save Interest Build Equity Shorten The Term

Save Interest, Build Equity & Shorten the Term

forced savingspng If you invest in a savings account, you’ll make less than 1% and would have to pay income tax on the earnings. On the other hand, contribute something extra to your house payment and you’ll earn at the mortgage interest rate which is certain to be more than you are earning in the bank. Making additional principal contributions on your mortgage will save interest, build equity and shorten the term. An extra $100 a month in the example shown will save thousands in interest and shorten the term of the mortgage as well. equity acceleratorpng
Reducing your cost of housing is another way to improve the investment in your home. Becoming debt free is a worthy goal that is achieved with discipline and good decisions. Suggestions like this are part of my commitment to help people be better homeowners when they buy, sell and all the years in between.

Check out what would happen if you were to make additional payments on your mortgage.
 

As a Residential Finance Consultant, I have the training and experience to provide solutions to make homes more marketable and help structure favorable transactions.  Please forward this article to your friends or family who could benefit from it.

Kupke & Tackett, Realtors
Halo Group Realty
diane@kupkeandtackett.com





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Phone: 214-336-7505
Dated: October 21st 2014
Views: 2,076
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