Sabtu, 12 April 2014

Tips For Paying Off Your Mortgage

By Hedrick Lepsch


Though the housing market has been on pretty good incline in recent months, many people who are trying to sell their homes are still having a hard time making a profit. One thing to consider, that has the potential to save you thousands of dollars when you sell your home is to forego using a real estate agent and selling the home yourself. Though this process may seem like an intimidating process and perhaps more work than it's worth, it's easier than you may think to sell your home on your own. Here are a few tips to consider on how to sell your home without using a real estate agent.

In times of financial difficulties, peace of mind and escaping debt are indeed worthwhile pursuits. Whether you are looking at purchasing Utah manufactured homes or pre-owned homes in south Florida, you should consider finding a way to pay off your mortgage quickly. Here are a few useful tips to help you along the way.

Most mortgages are set to last for 30 years. Did you know that you can refinance your home and end up with a mortgage that is only ten to fifteen years? This may be a good idea if you are interested in paying that mortgage off before you are retired with grandkids. Frequently, people choose the fifteen year mortgage because it still provides a substantial decrease in the time length while not increasing monthly payments too much. Remember that these shorter mortgages will have higher payments, but it will be worth it when you own your home outright and are that much closer to being debt free.

The key to selling a home is to price it effectively. If you end up pricing your home too high, then it will scare buyers off. Plus, if it stays on the market for too long because of the price being high, potential buyers will assume that there is something wrong with the house and might pass it over in their search. The lower the price, the faster it will sell, presumably...but you need to make sure that you are making a profit as well.

One hundred dollars more each month over dozens of months will significantly decrease the amount you owe. This is because more of the payment will go towards the principal and not towards the interest. If you cannot afford a one hundred dollar price hike, simply round up to the nearest ten or one hundred digit. Although small, these amounts will decrease the length of your mortgage.

Buyers love to come into homes they are interested in and turn on faucets, flush the toilet ad test out anything else they can get their hands on. Can you blame them? It is up to you to give them no reason to complain about the state of your home. Fix leaky faucets so they don't drip. Patch holes in the wall, even small holes from tacks or nails. Touch up the paint in the whole home so each wall looks nice. Interested parties should feel that the home is in good condition.

If you are looking for a new home, consider a Utah manufactured home by Luxury Homes. Give us a call today and let us show you what we have to offer.




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