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!

	See All Tips In The "Financing Your Home" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Crista McClure-Swan
Realty Executives
911 Hacienda Drive
Vista, CA. 92081
Phone: 760-458-0797
Fax: 760-295-2967
Licence: 01293835
Email: cristamcclureswan@NUMBER1EXPERT.com

Crista McClure-Swan is best known for her commitment to her clients and the personal relationships she establishes with them, as evidenced by the confidence and trust her clients have in her efforts. From first contact through close of escrow, Crista is always available to her clients and goes beyond her call of duty to make sure they have the best buying or selling experience possible. "If you are a buyer, whether it takes 1 day or 1 year to find you the right home, I'm committed to you and your needs and won't rush you. During escrow, I am in daily communication with my clients and take pride in the fact that my clients can feel comfortable calling me for whatever reason." Crista backs her business and technology background and personal approach with proven performance. Crista was among the top 10% producing agents in her office in 2003. Crista has extensive buyer representative experience. Her client testimonials support her performance. As a listing agent, Crista offers extremely competitive pricing without sacrificing the full service clients require.

www.SanDiegoNorthCountyHomeExpert.com is brought to you by Crista McClure-Swan
NUMBER1EXPERT in real estate for Oceanside, Vista and Carlsbad, California

Read Crista McClure-Swan's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge