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School Reports in Miramar, Pembroke Pines, Weston and Fort Lauderdale, Florida

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Schools in Miramar, Pembroke Pines, Weston and Fort Lauderdale

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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Q	How did actress Jayne Mansfield decorate her Hollywood "Pink Palace" without buying any furniture?
A	She wrote to furniture suppliers asking for free samples, telling them they could brag that their furniture was in her outrageous mansion. She received over $150,000 worth of free merchandise.
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The Rice Team, REALTOR®, real estate agent and broker for Miramar, Pembroke Pines, Weston and Fort Lauderdale, Florida home listings, property and land for sale - NUMBER1EXPERT(tm)

The Rice Team
RE/MAX Premier Associates
2500 Weston Road
Suite 103
Weston, Florida 33331
Phone: 954-200-7508
Fax: 954-200-7509
Email: michelle@riceteamrealestate.com
Driving Directions:
* Take i-75 to Exit 15 (Royal Palm Blvd).
* Make a left onto Weston Road.
* Left onto S. Commerce Parkway.
* Immediate left turn.
* Building is on the right.

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