http://lizfreemanhomes.com/blog/Liz Freemanlizfreemanhomes.com/RPS Blog2007-01-18T10:37:20Zhttp://lizfreemanhomes.com/blog_post.asp?post=9182007-01-18T10:37:00Z2007-01-18T15:37:00-05:002007-01-18T10:37:00Z<div style="font-family:arial, geneva, lucida, sans-serif;">Families today are faced with all sorts of events, expected and unexpected, that discourage building a savings account. College tuition, vacations, medical bills--all contribute to a priority list that does not leave much to build a nest egg. However, those owning a home are building that stability and worth each month when they make their mortgage payments. Most homeowners have the advantage of building up equity and reducing debt at the same time. With each payment, there is an increase in the amount of funds going toward the principle balance and a decrease in the amount paid as interest. If a home is gaining market value as well, equity increases at an even greater rate. This type of forced savings can help families stretch today's dollars into tomorrow's retirement.<br /> <br /> To boost your net worth even higher, add a little extra tward your monthly payment whenever possible. One option is to pay half your monthly mortgage every two weeks. On a $100,000, 30 year mortgage at&nbsp;..<span style="font-size:90%;margin-left:5px;color:#0000FF;vertical-align:baseline;"><font size="-3" color="gray">(</font><a style="text-decoration:none;" href="http://lizfreemanhomes.com/blog_post.asp?post=918">read&nbsp;more</a><font size="-3" color="gray">)</font></span><img src ="http://lizfreemanhomes.com/blog/aggbug/918.aspx" width = "1" height = "1" /></div>http://lizfreemanhomes.com/blog_post.asp?post=918#comment0http://lizfreemanhomes.com/blog/commentRss/918.aspxhttp://lizfreemanhomes.com/blog/services/trackbacks/918.aspx