Paying Off Your Mortgage

If you are looking to pay off your mortgage earlier than you initially planned, there are multiple ways to get this done. Before you begin, check with your bank to make sure there are no hidden fees or charges for paying early.

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Refinance your Mortgage

A good way to put a dent into paying off a 30-year mortgage is to refinance it into a 20-or-15-year loan. 15-year mortgages are the most popular, as there is considerably less mortgage interest in the long run. Be sure before making the change that you are financially able to do so, as changing to a 15-year loan commits you to higher monthly payments. If you are unsure about your financial ability to change to a 15-year, try staying on your 30-year loan and make payments as though you are on the 15-year one. This decreases the amount of time on your mortgage without adding the risk of a late payment.

 

Add a Little Extra

One of the best ways to pay your mortgage off early is to pay a little bit more where you can afford it. You can either do this by adding a set amount every month, or even just by rounding up every month. Even adding an extra 6 dollars to your monthly payments on a 200,000 dollar 30-year loan will save you 4 payments in the end. Make sure before doing this that you check your contract for any prepayment penalties.

 

Unexpected Money

Adding a little bit extra every month is great, but another option to keep in mind is adding any unexpected or extra cash flow to your payment. This can include anything from tax refunds or work bonuses to inheritances and investment earnings. This way it doesn’t feel like you are paying as much as long as you do not rely on that money.

 

Bi-weekly Payments

In Australia, people make bi-weekly half-payments on their mortgages. Why does this make any difference? Well, there are 12 months in a year, so most people will be paying 12 months worth of their loan. Someone who is paying half of their loan every other week, however, will be paying 13 months of their mortgage since there are 52 weeks in a year. This allows you to pay more of your loan off without feeling like you are paying more than you were before.

 

Other Options

These are great ways to cut down on the amount of time you have a mortgage, but there are many other ways as well. These include doubling up on your monthly payment 4 times a year and a money merge account. Money merge accounts should only be used by people who really understand cash management. If using any of the above options, it’s a good idea to get statements from your bank showing how much is still owed and also to make sure that any extra payments are going towards your principal and not being saved until the following year.

 

AskHomesale.com provides real estate advice and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium. Pennsylvania real estate offices include YorkLancasterWyomissingChambersburgGettysburgHarrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

Paying Off Your Mortgage

Firework Safety Tips

The month of July is filled with celebrations and of course, fireworks! If you are planning on using fireworks, check out these safety tips to keep everyone and yourself safe.

July IOV Ecard

 

AskHomesale.com provides real estate advice and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium. Pennsylvania real estate offices include YorkLancasterWyomissingChambersburgGettysburgHarrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

Firework Safety Tips

Neighborhood Spotlight – Westminster, MD

Thinking about moving? Carroll County, Maryland has a diverse selection of neighborhoods and locations to choose from. Located at the seat of Carroll County is Westminster. Westminster, Maryland, provides a balanced quality of life and well-established neighborhoods.

Westminster real estate is a popular choice among home buyers due to the town’s active community and year round family-fun events. Every year, the city hosts the Carroll County Fair, the Maryland Wine Festival, Common Ground on the Hill, and art festivals. Plus, Westminster is only a short drive to Washington D.C., Baltimore City and Philadelphia.

SERPENT RIDGE VINEYARD    winebottles

Visit Westminster’s first vineyard winery. The winery specializes in handmade wine from grapes grown in the Serpent Ridge Vineyard, select Maryland vineyards and other carefully chosen sites. Serpent Ridge consists of a little over 2 acres of grapes, which encourages a very hands-on approach to wine making. The bottles are sealed with a Zork, an innovative approach to bottle closures.

TAKE YOUR DOG TO THE PARK

If you own a dog, or are an avid dog lover, be sure to visit the Bennett Cerf Dog Park. The dog park is a large one acre fenced in area where dogs are permitted to be taken off-leash to exercise and socialize with other dogs in a safe environment. Adjacent to the dog park is a walking trail, baseball field and picnic pavilions.

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HAVE A SWEET TOOTH?   starry

Make sure you check out Starry Night Bakery. This creative cafe and bakery not only makes delicious baked goods but also hosts open mic night for local artists. Starry Night Bakery was featured on the Food Networks hit show, Cupcake Wars. 

If you are considering moving, why not consider moving to Westminster? Contact your local Homesale Agent to help locate your next home in Westminster, Maryland.

AskHomesale.com provides real estate advice and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium. Pennsylvania real estate offices include YorkLancasterWyomissingChambersburgGettysburgHarrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

Neighborhood Spotlight – Westminster, MD

5 Tips to Refresh Your Deck

June IOV Ecard

 

Berkshire Hathaway HomeServices Homesale Realty wants to give you the opportunity to complete your dream renovation, CLICK HERE to find out more information on the BHHS $50,000 HGTV Fixer Upper Sweepstakes. You have from now until June 15th to enter.

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AskHomesale.com provides real estate advice and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium. Pennsylvania real estate offices include YorkLancasterWyomissingChambersburgGettysburgHarrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

5 Tips to Refresh Your Deck

7 Ways to Boost Your House’s Value

Renovating your home is exciting but it does come with a few surprises and overlooked expenses. Berkshire Hathaway HomeServices Homesale Realty wants to give you the opportunity to complete your dream renovation, CLICK HERE to find out more information on the BHHS $50,000 HGTV Fixer Upper Sweepstakes. You have until June 15th to enter. In the meantime, here are some ideas on how to increase the value of your home!

May IOV ECard

AskHomesale.com provides real estate advice and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,200 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium. Pennsylvania real estate offices include YorkLancasterWyomissingChambersburgGettysburgHarrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

7 Ways to Boost Your House’s Value

It’s Time to Spring Ahead

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It is almost that time of year to “spring ahead” and to enjoy an extra hour of daylight each day!  Mark your calendar and get set to change your clocks this Sunday, March 8, 2015.  Daylight Saving Time (DST) officially begins at 2:00 a.m. on Sunday.  DST is observed in most of the United States (except AZ, HI, PR, and a few other US territories) as a way to conserve energy.  In order to avoid confusion or possibly forgetting, it is recommended that you set your clocks ahead one hour before going to bed on Saturday night.

DST is a great time to get into the habit of taking care of some very important items around your home. 

Here are a few great suggestions:

• Change the batteries in your smoke detectors and carbon monoxide alarms.

• Replace your smoke detector if it is more than 10 years old
• Replace your carbon monoxide alarm if it is more than 5 years old

• Check around your home for any hazardous materials that need to be discarded…make sure you handle their disposal properly.

• Check your medicine cabinet for out-of-date medications and discard them.  This applies to over-the-counter medications also!  Some can cause serious problems if you use them after the expiration date.

• Check the contents of your home emergency kit.  Replace any item that is outdated or needs to be replenished…don’t forget to replace old batteries.  If you don’t have a kit, this would be a great time to put one together.

• Check the contents of your car emergency kit too!

• Practice and review fire escape routes and family disaster plans.

• Reprogram your thermostat if applicable; check the filter on your furnace while you are thinking about it.

• Check all the lights and signals on your car and/or bike.

• Now is also a great time to think about those annual/semi-annual medical exams, vaccinations, dental visits, or other appointments you may have forgotten for you, your family, and pets.

Daylight Saving Time will end at 2 a.m. on the first Sunday of November…begin making it a habit to run through these checks twice a year!  It will help make you and your family safer and more prepared!

AskHomesale.com provides real estate advise and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,000 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium.  Pennsylvania real estate offices include York,LancasterWyomissingChambersburgGettysburgHarrisburg, andSchuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

It’s Time to Spring Ahead

5 REMINDERS FOR HOMEOWNERS

March IOV Flier

AskHomesale.com provides real estate advise and information for home buyers, home sellers, and homeowners alike. Askhomesale.com is part of the Homesale Realty Family. The Homesale Family of Companies is the leading real estate company serving the Baltimore, Maryland, South Central and Southeastern PA real estate markets.  Homesale Realty has more than 27 offices with over 1,000 REALTORS®. Homesale Realty’s footprint includes Maryland real estate offices in Baltimore City, Federal Hill, Fells Point, Westminster, and Timonium.  Pennsylvania real estate offices include York, LancasterWyomissingChambersburgGettysburgHarrisburg, and Schuylkill Haven.

Tips for Home Buyers  |  Tips for Home Sellers | Tips for Homeowners

5 REMINDERS FOR HOMEOWNERS