Saturday, December 16, 2017
 Buying  |  Selling  |  Financing  |  Relocating  |  Homeowning  |  First-Time Buyer 

Refer A Friend

RE/MAX Best 2925 Hwy. 51, Suite B
Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

Office: (985)652-7653
Visit My Website



Inside This Edition
YOUR 2017 CHECKLIST
Mortgage Planning For The New Year
Read More >
HOT INSIDER TIPS
Five Ways To Get The Best Interest Rate
Read More >
DON'T FEAR
A Down Payment Doesn't Have To Keep You From Your Dream Home
Read More >
SURPRISE!
Give A Tax-Free Gift
Read More >
SMART RESOLUTIONS
Three Credit Promises To Keep In 2017
Read More >
BEST OF BOTH WORLDS
Make Your Home Stylish While It Works For Your Family
Read More >
 
e-HomeNews
Monthly Newsletter For Homeowners
e-HomeNews for December, 2017
Page: 1 2 3 4 5 6 Next



YOUR 2017 CHECKLIST

Mortgage Planning For The New Year

SHARE:
A new year is nearly here. That means it's time to take a closer look at your mortgage loan.

You might not give much thought to your home loan, other than to pay it on time each month. But remember that your mortgage bill is probably the largest payment that you are responsible for each month. It makes sense to review your loan details to make sure that it is still the best fit for you and your family—and your budget.

Here are our recommendations for possible changes to make to your mortgage loan in 2017:

Time to refinance? Your mortgage interest rate might already be low, but that doesn't mean that you can't save potentially hundreds of dollars every month with a refinance. As a general rule, if you can shave a full point off your interest rate, you'll save enough money each month to make the cost of a refinance worth it.

Call us today to ask whether you might qualify for a lower interest rate. We'd be happy to study your loan to determine whether a refinance might make financial sense for you.

Shorten your loan term? You don't have to refinance merely to earn a lower interest rate. You can also refinance to reduce the term of your loan. If you are now paying off a 30-year fixed-rate loan, for instance, it might make sense to refinance to a 15-year or 10-year fixed-rate loan.

Yes, shortening your term will usually result in a higher monthly payment. But you'll also potentially save tens of thousands of dollars in interest during the life of your loan. If you're ready to reduce the amount of interest you're paying each month, refinancing to a shorter-term loan could be a smart move. Again, contact us if you're ready for a shorter-term loan. We can help you determine if this is a wise financial step.

Pay a bit more? Another way to reduce the amount of interest you'll pay over the life of your mortgage is to pay a bit more each month than is required. Even paying $100 more toward your loan's principal balance each month can dramatically reduce the amount of interest you'll pay. Just make sure to indicate that the extra money you are sending in is earmarked to pay down your principal balance. There should be an option for this on your payment stub or your online payment plan.


Page: 1 2 3 4 5 6 Next

More Help For Buying


Homeowners



Tip of Week



Quote of Week



Newsletter

FREE Service For Buyers


FREE Home Search - Search Homes NOW.
FREE Electronic Real Estate Reports:
These reports can help save you thousands, delivered free to your inbox.
SEARCH Quick Checklist For Finding The Perfect Home
MOVE UP 4 Smart Strategies For Purchasing Your Next Home
SETTLEMENT Secrets To An Easy Contract Closing
LOCATION The Most Important Questions Every Buyer Should Ask
FIRST TIME How To Buy The Most Home For Your Money
NEGOTIATE How To Buy The Home You Love At The Price You Want
HEALTHY HOMES The Top 10 House Maladies To Avoid
PLAY SMART Savvy Tips On Buying A Vacation Home
TIRE KICKING Secret Tests To Check A Propertyís Condition
INVEST YOUR RENT Why Pay Your Landlordís Mortgage
 
 
Home  |  Information Center  |  Ask Us
Buying   |  Selling   |  Financing   |  Relocating   |  Homeowning   |  First-Time Buyer
Copyright 2017, Gooder Group.
Absolutely no part of this page may be reproduced or distributed without written permission.
All rights reserved by Gooder Group, Gaithersburg, MD, (703) 698-7750.