FOUR WAYS to BUILD EQUITY in YOUR HOME FASTER!

For most people, their home is their biggest investment. So how can you make the most of that investment and expedite the amount of equity you have in it? Let's look at four simple ways to save money.

1 -Give a little more each month. Add 10% to your mortgage payment each month. Make sure that 10% is being applied to your principal. In the long run, you'll pay your debt off faster and reduce the amount of interest you pay on the loan.

2- Split your payment in two. Contact your lender about splitting your monthly mortgage payment and paying every two weeks rather than once a month. The result is an extra house payment per year.

3- Get rid of PMI. If you purchased your home with less than 20% down, you may be paying Private Mortgage Insurance. Your goal? Get to that 20% as quickly as possible, and then check with your lender about getting the PMI removed. Here's a trick once you've done that, KEEP making that extra payment, but ask your lender to apply it to the principal.

4- Make smart improvements to your home. Certain improvements add to the value of your home, although it varies depending on your area. Contact me today for some clever ideas on which improvements pay off in the long run.

As a real estate professional, know that I’m always here to help. Whether you have questions regarding the shifting market, how to best show your property or even want to learn how much your home is worth today - I can help you find the answers. I’m a resource you can count on and trust!