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  • Why Sellers Choose Marie Gentile - Why home sellers in Marlboro, Manalapan and Howell choose Marie Gentile.

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Real Estate Tips
Financing Your Home >Your Mortgage

Many homeowners overlook the mortgage payment as a tool for financial management. They get the mortgage, move in, make the payments, and pay off the loan eventually. Smart homeowners know that by properly adding to their monthly payments, even by a small amount, they can substantially reduce the term of their loan, not to mention the total interest they will pay. In fact, prepaying one full year of a standard mortgage can save thousands of dollars in interest. The key is to do it properly and to find the right lender for whom prepayment is not a problem.

More progressive lenders allow the option to add money to the monthly payment which goes directly to the principal. How much should you add? It's largely a personal decision, and it depends on your cash flow. But be mindful of the fact that the mortgage interest rate is probably the lowest interest loan you will find, so don't short yourself with prepayment only to run up credit card debt!

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Real Estate Trivia
Q 
What trendy and highly unusual hotel must be totally rebuilt every year?

A 
Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter.
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Marie Gentile, REALTOR®, real estate agent and broker for Marlboro, Manalapan and Howell, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Marie Gentile
CENTURY 21 MACK MORRIS IRIS LURIE

47 US Highway 9 South
Marlboro, NJ. 07746
Phone: 732-433-9117
Company Phone: 732-536-2228
Email: mariegentile@NUMBER1EXPERT.com


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