Lowest Rates in 49 Years

 In Refinancing your Mortgage

Mortgage rates are low. They are lower than they have ever been since Freddie Mac started keeping track of them in 1971, which was 49 years ago. How would you like to get the lowest mortgage rates in 49 years? Here’s what you need to do.

Refinancing Your Mortgage

If you haven’t refinanced your current mortgage in the past year or so, now is the time to see how much you can lower your payment by getting rid of your old loan and getting a new one with a lower rate. It’s really easy – all you need to do is contact us by phone, email, or text, and we’ll be able to get you a report that shows how much you will lower your payment.
If you’re wondering if it will make sense to refi, here’s an example of how much lower a mortgage payment would be at various interest rates. For this example, let’s assume you have a $300,000 mortgage and the term of the loan is 30 years.

Low Rates

  • At 5.5%, the principal and interest payment is $1703
  • At 5%, the principal and interest payment is $1610
  • At 4.5%, the payment is $1520
  • At 4%, the payment is $1432
  • At 3.5%, the payment is $1347
  • At 3%, the payment is $1264

Lower Your Payment

If you are paying mortgage insurance with your current loan and you have 20% equity in your house, you will be able to drop the mortgage insurance and lower your payment even more.
If you consolidate your high interest rate credit card debt, you could lower your payment by hundreds more.

You can also shorten the term of your loan from a 30-year mortgage to a 25-year, 20-year, 15-year, or even 10-year loan. Your payment might go up because you will be paying the loan off in a shorter period of time, but the savings in total interest is often many tens of thousands, or even hundreds of thousands of dollars.

To see how much you can improve your financial situation, contact us today. If you prefer not to talk on the phone, email or text us. It’s incredibly easy, it’s absolutely free to see how much you can lower your payment by refinancing, and it could be the best financial decision you have ever made.

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