Get your real estate into financial shape

Tips for home loan repayment, property maintenance

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Remember Sheridan Whiteside? He's "The Man Who Came to Dinner" who slipped on the Stanley's doorstep and eventually stayed about six weeks. Hopefully, your holiday guests did not wear out the welcome mat and have returned to their principal residences – allowing you to begin the process of getting your home in shape for 2005. One of the best places to start on your financial housekeeping is on Dr. Jack Guttentag's Web site, Guttentag, professor emeritus and the University of Pennsylvania's prestigious Wharton School, is known as The Mortgage Professor. His calculators can help to ascertain how long it will take to recover refinance fees and the affect of a lump-sum payment to your principal balance. From a financial point of view, paying off your home sooner with a higher monthly payment tends to limit other opportunities, especially if the market changes. But if paying off your home loan would make you saner than if you had not done it, then by all means do...