Mark Sotir
Broker
Realty Executives Midwest
Quick question for homeowners in Chicago and the surrounding suburbs…
If you could knock a few years off your mortgage, would you do it?
Most people don’t realize there are a few simple ways to pay down a mortgage faster without making huge changes:
• Add even a small amount extra to your monthly payment
• Switch to biweekly payments (this creates one extra payment per year)
• Round up your payment to the nearest $50 or $100
• Put one bonus or tax refund toward your principal
Over time, this can save thousands in interest and help you build equity much faster.
Also — many homeowners right now have more equity than they think.
I’ve been running quick home value updates for people lately and some are pretty surprised by the numbers.
If you want to see what your home might sell for in today’s market, comment HOME or send me a message and I’ll send you a quick estimate.
— Mark Sotir