The word mortgage derives from the French. It means until death. In feudal times peasants just weren’t able to move freely or own land. Once peasants got protection under the law, French landlords, were no longer permitted to bind peasants to the land. Instead, landlords became bankers, giving peasants land in exchange for monthly installments, payments designed to last until death. Things have progressed since feudal times. Homeowners now are merely enslaved for many years.
The best way to get out from under your mortgage is to increase your equity. One way to do this is during the process of selling a home. If you can sell your home for more money than you put into it, then you can build up your equity and pay down your mortgage even faster.
Tips for Earning Top Dollar for your Home
Most people today decide to forgo a dream vacation in order to remodel their homes. Home remodels, unlike vacations, are a long term investment. However, home renovation is tough. Depending on the size of the job, it could take a significant amount of time to complete the project. If the job is large enough, it could even take as long as a year.
When you are remodeling your home to increase its resale value, your goal should be to maximize the value of your home in as little time as possible. Spending a year and tens of thousands of dollars on a remodel that might not increase the value of your house much is a bad idea.
Most experts agree that your goal should be to increase what the pros at A-Top Roofing call your home’s “curb appeal.” Why is this? It turns out that much of the value of a home is based on your home’s curb appeal. In fact, many buyers purchase homes based on curb appeal alone. The elements of your home’s curb appeal include the roof, siding, shutters, front door, windows, and landscaping. So, when you are remodeling your house to sell, you should focus on improving those elements of your home in the most cost effective way possible.
If you focus on curb appeal, you should be out of your old house and into a new one in no time at all. More importantly, you can put a significant dent in your mortgage, allowing you to begin saving up for the other things you’d like to do with your life.