
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 630-539-7355.
|

Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
|

Susan wins coveted Chairmans Award for 2002, 2003 & 2005 and was in top 40 for years 2005, 2006, and 2007 of approximately 4000 agents! |
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Susan Camiliere is one of The Top
Selling Real Estate Experts Find Out More > |
|
 |
|
 |
Would you like to see a link to your web site on this page? Interested in participating in a reciprocal link program? Feel free to complete the form below to begin the process. Please include the web address of your site in the Comments section and Susan will contact you via email!
If you would like to be a
link partner sign in here:
 |
Financing Your Home >Home Free
Conventional wisdom says, "Don't pay off your mortgage early." Are you foolish to consider an early payoff? Absolutely not! By adding just $50 to $100 to your mortgage payment every month, you can save thousands of dollars in interest, pay off your loan quicker, and eliminate a major monthly expense.
The argument usually given against paying off a mortgage early is that you can make investments with your extra cash, such as mutual funds, stocks or bonds, which pay higher returns. This approach enables you to take the mortgage interest deduction and have easy access to your money, in case you need it. These are all definite pluses, but are not guaranteed savings results.
Any extra income which an investment might generate above your home equity appreciation can be offset by a bad year in the investment market. Investment earnings can virtually eliminate the income tax advantage of your mortgage interest deduction, since stocks and bonds are likely to generate a fair amount of dividends, interest income and capital gains.
It isn't as simple as conventional wisdom--consult a financial expert.
|
 |
| Q |
What famous $40+ million home has a 60-foot pool with underwater music and a 20-car garage?
|
| A |
The home of Bill Gates, co-founder of Microsoft, features the latest futuristic computer technology. |
See More Real Estate Trivia > |
|
|
|
|