Citrus County Homes

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BUILDING UP HOME EQUITY QUICK!

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  One way to build up home equity quick is to make additional principal payments. One may sign up for a bi-weekly mortgage, in which you make two payments per month (which added together equal one monthly payment). You will make the equivalent of 13 monthly payments per year instead of 12. A 30-year loan with a bi-weekly payment plan is usually paid off in about 20 years. The other way to build home equity faster is to refinance. If you had a $200,000 30-year ARM at 8.13 percent and replaced it with a 15-year fixed rate loan at 6.75 percent, your monthly payment would go from $1485.69 to $1769.82. You would save $200,000 in interest and build the same amount of equity in half the time. LOOKING TO SELL YOUR HOME? ALLOW US TO SHOW YOU HOW WE DIFFER! FROM VACANT LAND TO THE WATER WE HAVE YOU COVERED!
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