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Home Service Connections
At Long & Foster, we want to support you before, during and after your real estate transaction. We are here to provide you with services you will need for the duration of your homeownership, from carpet cleaning and landscaping to roof repair and interior decorating. Our movers can assist you with local, national or international relocation services, or help to find short term or long term storage. Our online Home Utility Program allows you to change your address, connect your utilities and even order a newspaper subscription all from one website – 24/7 from any computer anywhere in the world for residential addresses across the nation. We are here to assist you whenever you need us for whatever your home may require.
Financing Your Home >Your Mortgage
Many homeowners overlook the mortgage payment as a tool for financial management. They get the mortgage, move in, make the payments, and pay off the loan eventually. Smart homeowners know that by properly adding to their monthly payments, even by a small amount, they can substantially reduce the term of their loan, not to mention the total interest they will pay. In fact, prepaying one full year of a standard mortgage can save thousands of dollars in interest. The key is to do it properly and to find the right lender for whom prepayment is not a problem.
More progressive lenders allow the option to add money to the monthly payment which goes directly to the principal. How much should you add? It's largely a personal decision, and it depends on your cash flow. But be mindful of the fact that the mortgage interest rate is probably the lowest interest loan you will find, so don't short yourself with prepayment only to run up credit card debt!
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| Q |
What economic factor can make the purchase of a home an excellent long-term investment?
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| A |
Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
