Found 2 blog entries tagged as home ownership.

Paying Off Your Home Mortgage Faster

Paying off the mortgage on your Coastal Delaware home faster not only means that you’ll be able to enjoy the peace of mind that comes with completely owning your property earlier, but you may also save thousands of dollars in interest payments.

Below are seven clever tips to help you get your mortgage payments on the fast track.

1. Save for a large down payment

Pay as large a down payment as you can reasonably afford. The more you can put down, then the less you’ll have to borrow from the bank.

2. Read the fine print

When you are choosing a mortgage, look at the fine print to find out if any restrictions apply to paying early. Some lenders will charge you for making extra or early payments. 

3. Prepay early in the life of the mortgage

This…

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Back in the day when home foreclosures in Rehoboth Beach were truly rare, people who had just gone through one had little knowledge of what the ultimate repercussions would be. Although home foreclosures are still to be avoided if at all possible, the circumstances that created many recent ones are often understandable. Just about everyone in and out of the banking and real estate industries has seen otherwise responsible individuals fall victim to outside economic conditions.

Understandable though individual home foreclosures may be, future lenders will still follow hard and fast guidelines. If home foreclosures -- in Rehoboth Beach or elsewhere -- are in your recent past, putting yourself back on the right track to home ownership will take close…

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