Tips to Pay Your Mortgage off Early!

Given the increased size of the average mortgage (and amortization) these days it can be somewhat daunting to contemplate the actual amount of interest that you pay over the life of your mortgage.  Fortunately, there are a few things you can do to repay your loan early and save thousands of dollars in interest even if you have a fixed rate closed mortgage.  Lump-sum payments of $50,000 a year would obviously help, but may not be possible. You would be surprised though at how much money you can save - and how much quicker you can pay off your mortgage - just by taking several small steps.

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Please note the change for this upcoming openhouse.

We are proud to announce that this Saturday, August 30, 2008, 2:00 PM to 4:00 PM we will be hosting an Open House at 1368 Mathers Avenue in Ambleside , West Vancouver. This is an opportunity to visit this excellent House for sale in beautiful Ambleside . Please come with any questions you may have. In the meantime you can take a virtual tour of this Ambleside House for sale. As always please do not hesitate to give me a call at 604-790-1900 if I can answer any questions before the open house, or if you would like to book a private showing. John Jennings Prudential Sussex Realty - John

I just finished uploading this House for sale, 4795 Marineview Crescent, Canyon Heights, North Vancouver, BC

Completely updated 6 bedroom/4 bathroom Canyon Heights executive home. Versatile floor plan with 3 bedrooms, 2 bathrooms on the main floor. Lower floor with 3 bedroom suite offers fantastic income potential, 2 bathrooms, high ceilings and a separate entrance enjoys a mountain view. The new kitchen up has shaker maple cabinets, granite countertops & stainless steel appliances and an open plan. The new kitchen down features stainless steel appliances. Other features include slate entryway, double sided gas fireplace, solid oak floors

North Vancouver has had 35 home sales, 42 price changes and 48 new listings in the last 7 days. The latest homes to be listed in North Van include 1989 Arroyo Court in Blueridge, 4366 Valencia Avenue in Upper Delbrook and 844 East 4th Street in Queensbury.

Homes sold in the last 7 days include 4096 Sunset Boulevard, 2066 William Avenue and 4044 Sunnycrest Drive.  Wondering how much they sold for? Call me.

Stay tuned to this blog for weekly updates about the North Vancouver Real Estate Market.

In the popular Dundarave neighbourhood of West Vancouver, there have been 2 homes sold including 2293 Fulton Avenue and 3 new listings in the last 7 days.  The latest homes to be listed include 2228 Mathers Avenue, 2304 Mathers Avenue and 209 2290 Marine Drive. 

Stay tuned for weekly updates on the Listings and Sales in Dundarave, West Vancouver Real Estate!

In the beautiful Ambleside neighbourhood of West Vancouver, there have been 2 homes sold and 5 new listings in the last 7 days. The latest homes to be listed include 1155 Sinclair Street, 1147 Esplanade Avenue and 206 1340 Duchess Avenue.

Homes sold in the last 7 days include 1890 15th Street.

Stay tuned for weekly updates on the Listings and Sales in Ambleside, West Vancouver Real Estate!

West Vancouver has had 9 home sales, 29 price changes and 33 new listings in the last 7 days. The latest homes to be listed in West Van include 404 Crosscreek Road in Lions Bay, 241 Normanby Crescent in British Properties and 4379 Marine Drive in Cypress

Homes sold in the last 7 days include 1540 Taylor Way, 8687 Seascape Drive and 103 2274 Folkestone Way.  Wondering how much they sold for? Call me.

Stay tuned to this blog for weekly updates about the West Vancouver Real Estate Market.

I just sold this House at 2572 Marine Drive, Dundarave, West Vancouver, BC .

View this recently sold House or see all my home sales

I just finished uploading this House for sale, 4109 Burkehill Road, Bayridge, West Vancouver, BC

This Peter Kaffka designed sprawling adult rancher has soaring vaulted ceilings out to a sweeping harbour view that stretches from Lions Gate Bridge to the Gulf Islands in total privacy. The open 2,000 sq foot plan provides 2 bedrooms, 2 full baths, family room, open den with hardwood floors throughout. The property has a level driveway, unusual landscaping and even an oversized lily pond. A very special property!

What is an Equity Take Out Mortgage?

If your home is worth more than your mortgage then you likely have money that you can access in order to use for other purposes.  The reasons for accessing equity in your home are numerous but here are a few that come to mind:

Home renovations Investment in other real estate properties Investment in the stock market or other equities Financing your children's tuition Accessing down payment money for the purchase of a recreational property Investment in a small business or a franchise Borrowing to make a substantial contribution to a RRSP or RESP and take advantage of low mortgage