Become mortgage-free a whole lot faster with the help of these five easy tips:

1. Opt For Accelerated Payments

Depending on the terms and conditions outlined in your mortgage contract, you may be able to make accelerated payments. This option allows you to make weekly or biweekly payments, amounting to roughly the same total you’d expect monthly. However, by paying more than once a month, you’ll be able to save on interest charges and make approximately one extra mortgage payment per year.

2. Increase Your Payments 

Of course, increasing how much you pay, even if it’s only by a small amount, is a surefire way to become mortgage-free faster. Here again, you’ll have to refer to your mortgage contract as you may only be able to boost your…

55 Views, 0 Comments

Read Full Post

Whether you’re thinking about putting your home up for sale or simply looking for ways to improve its overall value, these top 3 renovations will deliver the biggest bang for your buck:

Kitchen Renovation and/or Update 

While kitchen renovations can be among the most expensive, they also carry the healthiest ROL.

ROI = 75-100%

Average Cost:

Smaller Renovation (i.e. fresh paint, refinishing cabinets upgrading hardware and a new backsplash) = $13,049 – $19,574

Larger Renovation (custom cabinetry, granite countertops, hardwood flooring and high-end appliances) = $40,000 and up

Budget Recommendation = 5-15% of your home’s overall value

Tips For Saving On Your Kitchen Renovation:

  • Opt for Stock Instead of Custom – For instance,…

54 Views, 0 Comments

Read Full Post

From increasing your monthly income to padding your retirement fund, with the right planning and the right property, real estate has the potential to deliver some incredible benefits.

Here are just a few of the many great reasons why you should consider investing in real estate:

A Steadier Cash Flow

One of the first and most obvious reasons why people opt to invest in real estate is to improve their cash flow. A great way to supplement your current earnings, income properties can deliver a significant financial surplus depending on how and where you choose to invest. In short, any funds left after paying the mortgage and additional expenses (which may include utilities, repairs and maintenance, etc.) is extra money in your pocket.

Building…

29 Views, 0 Comments

Read Full Post