30 Year Mortgage Rates Very Low – Lock In!

Posted: August 31, 2010 in Uncategorized
Tags: , , , ,

With mortgage rates down and property values in the gutter, it is an excellent time to buy a home.  If you purchased a home between early 2006 and late 2009, you need to look at refinancing.  Depending on the interest rate you currently have, you could save tens of thousands of dollars on your mortgage.

For example, if purchased your home in 1995 with an interest rate of 9% on a $280,000 loan it would cost you $812,000 over the life of your loan.  If you purchased in 2010, with a 4.25% interest rate on a $280,000 home it would cost you $495,000 over the life of your loan.  That is a savings of $317,000.  Now I know we could all find a use for that money!

If you need someone to analyze your situation, call or email me.  I will answer your call, return your email, and overwhelm you with service.  Mortgage rates change daily and there is no time like the present.

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