Mistake #2
Continued

DO YOU THINK THE BANK IS GOING TO TELL YOU ABOUT

THAT OPTION WHEN YOU APPLY FOR FINANCING?


It DOES make a difference who you select to handle this for you, but it definitely makes financial sense to do it.  (Give me a call if you want further details about this.) 1-800-340-1385

Now then...let me ask you something.

Do you think your bank wants you to know about any of this, and lose that extra $61,000 of interest you will pay?

I think not.

Remember, they make their money by charging you lots of interest!

(By the way, did you know that the Federal Reserve Bulletin from 1989 says that the average mortgage balance in the country is $32,000?  Even that small of loan would provide a savings of a little better than $19,000, using the same strategy.)

Don't let anyone tell you otherwise.

The potential interest savings are substantial, with virtually any size mortgage!

  Would you like to save thousands of dollars of interest?

  Do you think you would be able to figure out what to do with it?

  Are you going to be really upset that the poor old bank didn't get your money? 

  (I sure hope not!)

As you can see, coming up with the right calculations and choices can make a big difference in literally thousands of dollars of savings to you.

The "right" and best financial answer for you is based on the simple goal of whether or not you can put more money in YOUR pocket by doing something else.

Your pocket.

NOT the bank's pocket!

What's most important is to understand how to make the right choices and calculations that are in YOUR best financial advantage.

We can help you with this.

DON'T JUST ASSUME THAT A 15-YEAR LOAN IS BETTER

BECAUSE IT'S SHORTER!


For example, if you choose a 30-year loan, your payment will be less than a 15-year loan.  However, even though the 15-year term will pay off much earlier, you cannot just assume that this is the best decision for you to make to "save" interest costs.

The real equation that has to be answered is, if you invest the difference between the payments...and "prepay" a small amount every two weeks too...would you have even more money years down the road?