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Month: February 2014

How to shave years and dollars off your existing home loan

How to shave years and dollars off your existing home loan

Did you know that by making one extra mortgage payment per year — either in one lump sum or divided into twelve months — you can reduce a 30-yr. loan term by up to 7 years and save thousands (maybe tens of thousands) of dollars in interest over the life of the loan? It’s true. To find out how much you could save, go to www.BankRate.com and choose  the Amortization Schedule Calculator. If you can’t afford to make a whole…

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What time of year is best for selling your home?

What time of year is best for selling your home?

I’m often asked ‘when is the best time to sell a home’? Although the best time to sell depends on the particular circumstances of each homeowner, there are definite trends as to when homes come on the market. Springtime is consistently the strongest season for new listings. The highest number of homes typically come on the market in May, followed by  April and March. Summer months — June, July and August — are the next busiest. The months of January,…

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