Information is brought to you by Henry & Laly Sanz Team H&L Miami at Real Estate Empire Group The Home-Buying Equation Buying a home for the first time can seem
How To Get A Lower Mortgage Interest Rate On Your Home
This is a short but insightful article on the steps that you take NOW to assist you in getting the lowest possible rate on your mortgage. Please keep in mind that for most of us this will be the single largest purchase we will make in our lifetime.
Not being prepared and obtaining the lowest possible interest rate can end up costing your family over hundreds of thousands of dollars over a 30-year mortgage! The rule of thumb is that in purchase of a $325,000 home, each point (higher interest rate) will end up costing the borrower approximately $64,700 extra over the life of the 30-year mortgage.
Imagine what you can do with that extra money? How about paying for your children’s college?