How to Pay Down your Mortgage Faster

How to Pay Down your

Mortgage Faster

 

Payment Options	How it works	How you benefit over the life of the mortgage
Increase your Payment amounts	Increase your payments by even a few dollars and pay down your principal faster	Increase your payments by $100 nSave about $33,000 nOwn your home 5 years sooner
Make Payments more frequently	Save money in Interest charges and pay down your principal faster	Make bi-weekly payments of $500 instead of monthly payments of $1005 nSave about $29,000 nOwn your home 4 years sooner
Make a lump-sum payment	Apply your payment directly to your outstanding principal and save money on your mortgage	Make a $2500 lump sum payment every year nSave about $47,000 nOwn your home 6 years sooner
Pay as much as you want at renewal	All mortgages become open at renewal. This means you can pay down as much as you want at renewal	Make a $15,000 payment each time you renew your mortgage nSave about $49,000 nOwn your home almost 8 years sooner

Using Social Media in Real Estate

Using Social Media in Real Estate, Mortgages, Investing

Social Networking sites is a great medium to not only market yourself in a "free" manner but also a great way to advertise properties you have or to find potential investors.  Social media, if formatted in a certain way, can also bring more of  a personal connection if you list your hobbies or interests. 

Here are a few tips

1. Create profiles on Twitter, Facebook, LinkedIn and YouTube. These medium are free to use.  You can create a Facebook Fan Page with housing statistics, properties for sale, foreclosure, anything to draw interest to your fan page.  Make sure each media has a link to your website.

2. Add a video (2 minutes) to YouTube with a web camera.  This will position you as an "expert" in your field.  Upload these video on your website, facebook, twitter which will drive traffic to your site.

3. Having a blog will allow you to generate current news and information.  A blog is a informative media and will attract a local market.  As your blog is being read, you are creating a brand with your name, as well as positioning yourself as an expert in the field. 

Social media in Real Estate, whether you are a real estate agent, mortgage associate, or investor, is a great way to build more leads and name branding!