As a home owner, you have a wonderful asset in your home, but you also need to make sure you are meeting your obligations and are making the most of your asset and financing possibilities.

Tips for owners of rental properties:

Sell your house for cash and receive the value from the mortgage company.  This enables you to:

• Use the money to buy another home or to use it for another investment opportunity.
• Remove the burden of collecting rental payments from tenants.
• Not be concerned that the buyer may not meet installment payments.
• Profit from the property’s appreciation. 

Tips for mortgage holders:

• Always be aware of the prevailing return, so that you know exactly how much your payments are.
• Shop around different mortgage companies until you find the one with the best terms for you.
• Be aware of the current market price of your property, in case you want to sell.
• If you are interested in upgrading to a better home, keep your eye out for improved properties as well as better mortgage offers.

Tips for investors in real estate:

• Be sure to invest in properties that are registered or liable to be registered.
• Obtain the fair value for the property by going through an official appraiser.
• Investigate previous price trends in the area in which you're thinking of buying.
• Acquire the property with a mortgage.
• Wait for prices to go up, and then sell the property at the appreciated value.  You can use the amount received to pay off your loan while pocketing the balance as profit.