linkin_p

After you make the improvements your house should increase in value. So, if your loan is just under what your house is worth now then in 3 years it should be worth considerably more than it is now plus you will have paid on the loan in that time and you will owe less. A hint to paying it down faster is to pay one extra payment per year. The easiest way to do this is to take your monthly payment amount and divide it by 12, then add that amount to each month's payment. By the end of the year, you will have paid one extra payment. If you can't afford to add that much each month, anything you add extra will go toward principal and bring down the balance on your loan.

__________________
Stilbaai Properties