|
We're Glad We Had Someone Like Dana
"We met Dana at an Open House and even at this first meeting we were impressed by her personality and eagerness (without being aggressive) to answer questions. I always thought we were dragging out our choices, but Dana was so patient and always upbeat and cheerful. We're glad we had someone like Dana to help us find our home.
Sandy and Phil Kastin
Tell me how I'm doing!
You have a story to tell about me. You've
worked with me, and I've helped you buy or sell a home. I need your feedback.
Others need your feedback, too! Please take a moment to fill out this form and
tell me how I did...
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 |
Which home is considered the ultimate in California craftsman-style architecture?
|
| A |
Located in Pasadena, the Gamble House, built in 1908 by Charles and Henry Greene, is a National Historic Home open to visitors.
|
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERT™ 
