Ways To Pay-Off Your Mortgage Early
– from realtytimes.com 5-16-17
Make an extra payment each year
Making 13 payments instead of 12 can save you thousands and shorten your loan. On a 30 year, $200,000 mortgage at 4.5%, you would save $27,000 in interest and pay your loan off 4 years and 3 months early.
Make an extra payment each quarter
Make an extra payment each quarter and you will save $65,000 in interest and pay your loan off 11 years early on the same $200,000 loan at 4.5% interest.
Get rid of PMI (private mortgage insurance)
If your home was purchased with less than 20% down payment then you are probably paying PMI. Check to see if your mortgage balance has changed enough to eliminate this charge and lower your payment.
Apply any windfalls
Get a raise or a bonus? Maybe a surprise cash gift? Instead of taking that vacation or putting it into your savings, apply it to your mortgage balance. A $10,000 lump sum payment on that 30 year, $200,000 mortgage at 4.5% pays it off 2 years and 4 months early and saves more than $19,000 in interest.
All information deemed reliable but not guaranteed. For tax, investment or ownership advice we suggest you contact an attorney or certified public accountant.
The GlenOak Hills Community is a favorite of mine. We have lived in this community on 2 different occasions, spanning about 6 years. Located in Temecula’s Wine country, it’s a rural community with 2.5 Acre minimum lots, varied terrain and lots and lots of opportunities for views overlooking Temecula.
Housing is varied and offers something for everyone. There are modest homes starting at 1800 SqFt up to 10,000+ SqFt estates with all the bells and whistles. All the homes are custom design and stick built. All the roads are paved. There is propane, city water and septic.
There are no wells in this community.
Some homeowners have horses, vineyards or small citrus groves.
The community has an active homeowner’s association and is managed by the Avalon Management Group. The association dues are currently $ 127/per quarter and include 2 tennis courts, playground, clubhouse and riding arena.
There are 2 entrances to GlenOak Hills. The North and South Gate entrances are off of DePortola Road in South East Temecula between Anza and Glenoaks Road.
Visit the Community Website at
for Architectural Guidelines and CC & R’s.
BUILDYOUR DREAM HOME?
There are still lots available for building your dream home (current building requirements in the community include a minimum of 2500SqFt and 2 Car Garage). You can contact us for a list at firstname.lastname@example.org.
For more information about homes available in the GlenOak Hills Community please give us a call at 951-522-6308 Gary or 951-522-1508 April
IS IT TIME TO SELL?
The real estate market in the Temecula Valley is showing more than just signs of recovery. More and more equity sellers are putting their homes on the market and selling their homes in a short period of time and at a higher price than we have seen in years. Foreclosure sales are still relevent but not in the record numbers that the media has given hype over. Short sale listings are scarce. Mortgage rates are ridiculously low. Buyers are everywhere and Realtors (including ourselves) are pounding the pavement looking for something to sell them!
Is it time for you to sell?
We can provide a professional opinion on potential value for your home to help you make that decision. We can be reached at 951-522-0518 April or 951-522-6308 Gary. Our email address is email@example.com
The graph below is a snapshot of California in general. Keep in mind that some parts of California (Temecula included) tend to outpace others.
Posted in Real Estate, Selling Homes, Short Sales
Tagged French Valley Winchester, Lake Elsinore, Menifee, Murrieta, Real Estate, Real Estate Market, Selling Tips, Short Sale, Southern California home buyers, Temecula, Wine Country
Chardonnay Hills will kick off our “Featured Community” this month. It’s located in the middle of Temecula, at the end of the city limits prior to heading into the wine country area. It’s recognized most by the rock fountain entrance on Rancho California Road with the giant wrought iron gates that are set in a permanent open position.
The community features homes from 1600 Square Feet up to nearly 4000 so it offers a wide range of variety in size and floorplan. There are currently homes for sale starting in the low to mid $200,000’s. Due to the maturity of the community, homeownership turnover is low. Many of the lots are spacious and offer views.
The community association consists of $110.00 per month currently and features 2 community pool areas, tennis courts, BBQ and Picnic areas, playground structures, sand volleyball, basketball and meandering walkways and trails within the neighborhood.
This community boasted “NO MELLO-ROOS” signs when it was being built and the property taxes here are very low because of that. The homes were so popular in the new construction phase that we once waited in line at 6:00am in the morning to put down a deposit at a phase release for our clients that were moving from out of state.
For More Information About Temecula and the Surrounding Communities, please call me at 951-522-0518 or email to firstname.lastname@example.org We’re happy to answer any of your questions. We’ve lived here since 1991!
We should probably start with what TO DO when showing your home but seriously knowing what NOT TO DO may be just as important. Keep in mind that these are general tips that have been proven over and over by experience. They don’t apply to every situation…but why take that chance?
Our Top 5 Things NOT to do–
Overdue it with candles, plug-ins and scented sprays Some people are very sensitive and certain scents may cause allergic reactions or just simply discomfort. Research shows a light vanilla scent is most universally safe.
Hose down entryways and patios off the house right before showings or open houses It may cause slipping or mess and it will discourage most buyers from wanting to step onto the back patio if it is wet.
Close or lock any interior doors Interior doors should be left open to let light travel into the dark interior spaces of the house and buyers are very uncomfortable about opening doors.
Be home during showings or open houses Take a walk or drive around if you have to. We can’t express to you enough how uncomfortable buyers are if you are there. They will spend no time in the home, nor will they be able to discuss any objections or ideas. This is crucial conversation that needs to be had while in the home. There is additional concern on the Buyer drawing you into potential conversations that you do not want to have.
Leave out mail, bills or small valuables, jewelry and trinkets Unfortunately we have to worry about this. Mail, bills and anything that may have identifying or sensitive information needs to be out of sight for identity theft issues. Also we prefer that any palm size valuables be put away during the home selling process.
If you are planning to sell a home in Temecula, Murrieta, Menifee, Wildomar or Winchester…we make a great partner! Call us for more information at 951-522-0518 or teamgreer@C21wright.com