Paying off your home mortgage years early can be quite advantageous as it can help you save lots of money in terms of interest payments which would otherwise be required to be made. Here are a few tips to pay off your home mortgage early with minimal effort and hassles. They will help you make extra mortgage payments without affecting your budget.

Tip # 1- The most effective way to pay up your home mortgage early is to make larger payments in shorter intervals. For instance you should round off your payments and pay every 4 weeks instead of making monthly payments. If your monthly payment is 545 dollars you should round it off; you could pay 550 dollars or 575 dollars or 600 dollars. This will help in paying up the mortgage several months earlier than the period fixed for mortgage repayment.

Paying after every four weeks instead of each month will mean you make one extra payment every year. This will also help in repaying the mortgage a couple of years prior to the end of the mortgage period. You can sign up for your bank's bi-weekly payment program for this purpose.

You can pay off your mortgage in half the time given for it by making prepayments of the next month's principal with the current month's mortgage payment. This is in most cases feasible as the principal is a small amount for most people.

Tip #2- To become free of mortgage debt you need to lead a disciplined life to save money and overpay your mortgage. Make use of all available savings for the purpose of making larger and more frequent mortgage payments. You should make savings by cutting out on extravagant living. You can also save small amounts of money by reducing your current expenses. These savings should be used to make mortgage payments.

Tip# 3- When you buy a home you will get some savings in the form of tax deductions. It is better to use these savings to make bigger and more frequent mortgage payments rather than treat them as extra cash available for spending on luxurious living. This way you can pay your mortgage off early.

Tip #4- You could refinance your 30 year mortgage to a 15 year mortgage if you are unable to make extra mortgage payments but this method has a disadvantage that the interest rate drop may not high enough to be attractive. Nevertheless it is a plausible mortgage acceleration method.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate at www.BuySaltLakeHomes.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

For a FREE Weekly List of Homes for Sale in Salt Lake City, UT and surrounding areas, you may fill in the form below and we will compile a list from two wholesale databases and send them to you right away. 

Just fill in the form below with your correct name and e-mail address and we will e-mail you the list.

You may specify in the comments box if you have a particular interest in Salt Lake City foreclosures, or Salt Lake City HUD homes for sale. 

If you or someone you know are in need of a competent and caring Salt Lake City, UT real estate professional in or near Salt Lake City, Utah , I hope you will contact me.

If you are anything like millions of Americans you have probably caught countless shows on cable television that boast the serious profits that can be made by flipping houses. This is a very true statement, serious money can be made when one goes about flipping houses in Salt Lake City Utah the correct way, however, serious money can be much more easily lost when a house flip in Salt Lake City Utah goes wrong. If you are hoping to find your way to fortune through real estate investing you need to pull yourself up by the bootstraps and understand a few Salt Lake City Utah house flip basics.

The first thing you need to understand is that the ultimate goal in a Salt Lake City Utah house flipping venture such as this is to make as much money as possible in as little time as possible. This means several things to the wise investor not the least of which is that you must always have a complete inspection performed before you make any sort of financial commitment to the house. A good inspection can help you identify work that must be done, whether or not there is any structural damage, or whether there are any unexpected problems such as signs of termites or water damage behind the walls.

These are very important things to know and should have a significant impact on your offer on the Salt Lake City Utah property as they will have a direct effect on how much you will need to invest in making the property sellable and whether or not the property will even be profitable when you consider how much money will be needed to get it in minimal selling condition and how much you can reasonably expect to sell the house for after that.

Once you have the inspection done it is a good idea to take into account all the things that will need to be done to improve the property and the things that must be done in order to get the property in sellable condition along with permits that are needed, inspections that are needed, and jobs that require licensed contractors in order to meet local Salt Lake City Utah code requirements. Each of these will take a significant amount of investment in order to accomplish and that should also reflect in your offering price.

Far too few would be house flippers in Salt Lake City Utah manage to take in the big picture when making plans and this is where they end up missing out on the bigger profits that can be made by successfully flipping houses for the lowest possible investment with the highest possible return on their investments. When making your plans you will want to go with changes that are cost effective.

Avoid making significant structural changes to the house in Salt Lake City Utah unless you have a licensed contractor sign off on the wisdom and safety of those changes, as they can be very costly as well as dangerous to the stability of the property. At the same time you should salvage as much as possible within the existing structure. Flooring and paint are almost always required in a house flip but you do not always need new cabinets in the kitchen or bathroom fixtures. Chances are new doors and hardware in the kitchen would be a great fix for drab and tired cabinetry while greatly impacting the overall look of the kitchen without robbing you of some serious profits (doors cost significantly less than making new cabinets and can add the appearance of custom cabinetry).

The biggest idea to walk away from my Salt Lake City Utah house flipping boot camp with is the idea that the most visual impact you can have on the home for the least amount of money the better. In other words you don't want to purchase a home in Salt Lake City Utah that needs new heating or air conditioning as they are not visual changes and are quite expensive. Find a house to flip that needs minor cosmetic repairs and a little dose of style and imagination and you will be able to maximize your profit. That is what real estate investing in Salt Lake City Utah is all about after all.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

For a FREE Weekly List of Homes for Sale in Salt Lake City, UT and surrounding areas, you may fill in the form below and we will compile a list from two wholesale databases and send them to you right away. 

Just fill in the form below with your correct name and e-mail address and we will e-mail you the list.

You may specify in the comments box if you have a particular interest in Salt Lake City foreclosures, or Salt Lake City HUD homes for sale. 

If you or someone you know are in need of a competent and caring Salt Lake City, UT real estate professional in or near Salt Lake City, Utah , I hope you will contact me.

Millcreek - a township of 65,000 residents right in the heart of the Salt Lake Valley is having growth issues just like some surrounding neighborhoods.  These awesome communities right near downtown Salt Lake City and up against the beautiful Wasatch Mountains were developed in the 30's, 40's and 50's.  These areas are of course incredibly desirable locations due to their convenience and mature vegetation.  Many young families buy modest homes here to eventually turn the property into their "dream home".  Here is where the conflict arises, "dream home" and comfortable place to raise their family is "monster mansion" and "eyesore" to someone else.  Situations like these make a planning commission position thankless!

Jeremiah Stettler of the Salt Lake Tribune recently reported on the issue using this story:   "The home wasn't much, but its location in east Millcreek made it a tantalizing purchase for young parents John and Stephanie Peterson, who hoped someday to replace their decades-old bricks and mortar with a bigger house better suited to their growing family.

But another dream had unfolded nearby in a tree-clustered neighborhood near Evergreen Avenue. There, Mario and Cheryl Nunez bought a home where occasional deer, raccoons and ducks provided a scenic solace from metropolitan Salt Lake City.

Just beyond their property line stood a towering black locust tree, planted in the late 1840s with seeds carried across the Midwestern prairie. A steel plaque identified it as the 28th sapling planted by Mormon pioneers.

But soon, the black locust was cut down to make way for a new upscale home. And for this reason, the Petersons discovered that their dreams for building their dream house might be downsized.

So these Millcreek residents -- on opposing sides of a sometimes-volatile development debate appealed to community leaders for help. Their message was the same: Protect our homes.

Salt Lake County has received hundreds of e-mails (close to 600, by the latest estimates) weighing in on plans to tighten Millcreek's building standards to prevent so-called "monster homes" from disrupting neighborhoods.

t's a breathtaking amount of public comment that reflects the divisiveness of this 2-year-old policy battle in which planners are seeking to balance the property rights of those wanting to up-size their homes and neighbors who want protection from houses that snug up to property lines, erode privacy and reshape skylines.

This debate that has intensified in recent weeks as the Millcreek Planning Commission pitches its latest plan for controlling growth. That proposal -- slated for discussion Thursday -- combines restrictions on building height, lot coverage and property setbacks with a standard that allows for larger homes, so long as they are compatible with surrounding neighborhoods.

Little consensus, and no clear majority, appears in the hundreds of pages of e-mail correspondence obtained from the county. And both sides claim to speak for the Millcreek majority.

At one point, county planner Tom Schafer lamented in an e-mail: "This issue has, I fear, assumed such emotional weight within the community that I don't believe anyone will truly be happy with any outcome."

That prediction may hold true this week as the Millcreek Planning Commission takes up its latest planning proposal. Both sides have expressed displeasure with the draft: one because the building restrictions go too far and the other because they don't go far enough.

Stephanie Peterson has a lot riding on that debate.

"We are planning on living here forever," the young mother of three explained. "If we cannot build a home that can accommodate our family, we probably will have to move."

But the same is true of resident Cheryl Nunez, who speaks about the neighbor children playing in her yard because there is not enough room on their own property. She hopes for building standards that will allow for a little more green space to keep her neighborhood's tree-scaped, historic atmosphere intact. She doesn't want rooftops to chase away the scenic seclusion, and occasional critters, outside her Millcreek home.

"We will keep at it," pledged Mayor Peter Corroon, "until the community councils say, 'Yes, this works' or 'No, we don't want it.' "

Salt Lake County has received hundreds of e-mails on proposed building restrictions for Millcreek. Among the comments offered:

"This is really about a few people's greed. The days of trusting people are gone. Someone needs to be willing to stand up and do the right thing." -- Barb Hansen

"Our desire is not to build an oversized property that would encroach on our neighbors or create a monstrosity or eyesore for our neighbors. Our intent is solely to provide a comfortable home for our family, which is something that myself, my wife and my children are certainly entitled to." -- John and Stephanie Peterson

"There needs to be some balance that achieves harmony and grace without radically altering the existing character of the neighborhood. While private-property rights are an important part of our heritage, we must preserve rights that all of us have to enjoy the character of our overall community." -- Jack and Itha Rampton

"Salt Lake County should simply enforce the existing standards in place now, rather than creating more restrictions on an area that wants to remain vibrant and diverse." -- Bruce Hutchinson

"Would you want a huge house built right next to you? Blocking your views and invading your privacy? Do you want to look out your window and see the wall of a house three to four times bigger than yours where you once saw trees and mountains?" -- Thuy Nguyen

"It seems there are more pressing issues that we, as a community, could work on like things that actually increase values like getting neighbors to not park cars on their lawns or perhaps eliminate some of the natural landscapes that are all weeds." -- Al Jager

I will be happy to research any real estate oriented question you may have about the Salt Lake City Utah real estate Market.  Just fill out the form below:

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For complete information about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate at www.BuySaltLakeHomes.com. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

So You're Looking for Salt Lake City Utah Short Sales

You will likely come across dozens of Salt Lake City Utah properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.”

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