How to Save $152,841
Most of us have a 30 year mortgage. However look at the difference in savings when you choose a 15 year mortgage. We used a $417k loan amount with a 2.50% rate on a 15 year loan compared to a 3.25% rate on a 30 year loan.
While the payment is $965 more per month for the 15 year loan, the life of loan savings is $152,841 and the loan is paid of in 15 years. And lets face it, 15 years goes by pretty quick. Imagine not having a mortgage in 15 years. Its worth consideration if the higher monthly payment is affordable. Call me and lets see how much you would save.
BREXIT Pressures Markets
Mortgage bond prices finished the week near unchanged amid considerable volatility. Interest Rates improved early in the week as fallout from the BREXIT vote continued to reverberate across the globe which resulted in flight to safety buying of U.S. debt instruments. Factory orders fell 1% versus the expected 0.9% decline.
The trade deficit was $41.14B versus the expected $40B. Most of the gains were reversed late in the week tied to employment data. June ADP employment report rose 172K versus the expected 152K increase. Weekly jobless claims were 254K versus the expected 270K.
The employment report was mixed. The headline figure showed unemployment @ 4.9% versus the expected 4.8%. However, the payrolls component was a stronger than expected +287K versus +185K. Mortgage interest rates finished the week near unchanged.
Refinancing or buying a home doesn’t have to be Stressfull
With rates so low many have refinanced at least once, even twice. But there are still many who have not, due to either not wanting to deal with the stress of gathering documents and not sure of qualifying for a loan. At North Atlantic you receive attentive personalized service
(see what our clients say).
Beleive me, it’s a great deal easier with our help and expertise.
The average time to close a loan is about 30 days. We monitor real time interest rates, which is why our clients are able to access some of the lowest rates available. We understand the guidelines and know what different lenders can do, which incresaes your opportunites for a fast easy loan with a great rate.
Don’t put it off any longer and start saving with a lower mortgage payment. There are no salesman to speak with only qualified mortgage experts.
For a free consultation,
Call or Email:
John Sauro
Ph: 877-794-5363
Email: JohnSauro@Gmail.com
Sources CNBC, Bloomberg, CNN
No Application fee. Rate 2.50% APR 2.595% based on 15 year conforming fixed rate loan with a minimum credit score of 740, maximum loan to value of 75% and a $2528 for origination. Rate locked for 15 days. Rates subject to change without notice.