Wednesday, September 16, 2009

Property tip: better to murder your mortgage

Most homebuyers want to upgrade to a bigger and better home as quickly as possible, but staying put in a house and paying more off the mortgage can be a better way to climb the property ladder quickly. Building equity in the home you currently own not only allows you the flexibility of upgrading, but also releasing some of the equity to invest in other assets like stocks. We are in what's called a de-leveraging environment, which means equity will be more useful than extra debt. For more tips on getting rid of the mortgage, head over to my Domain blog!
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