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Port Orchard, Bremerton and Silverdale Information
Welcome > Local Info > Port Orchard, Bremerton and Silverdale Information ...

About the Port Orchard, Bremerton and Silverdale, Washington Area 

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Real Estate Tips
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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Real Estate Trivia
Q 
What building has the largest windows in the world?

A 
The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass.
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Judy Snyder, REALTOR®, real estate agent and broker for Port Orchard, Bremerton and Silverdale, Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Judy Snyder
Prudential NW Real Estate

2497 Bethel Road SE
Port Orchard, WA. 98366
Phone: 360-731-4675
Fax: 360--876-4833
Email: judysnyder@NUMBER1EXPERT.com


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