If You Were Looking For: samsvoices.com
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Sam Coleman
Mortgage Update
Home Loan Specialists, Inc.
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If You Were Looking For: samsvoices.com _______________________________ Sam Coleman Mortgage Update Home Loan Specialists, Inc.
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1-866-SAM-4-YOU (1-866-726-4968)
The Best Rate Is Not Always The Best Deal! Don't Pay Extra To Get A Low Rate We are constantly bombarded with radio, TV and Internet ads, offering "the lowest interest rates" for mortgages! I think it is pretty amazing that so many lenders want to be so nice to us. Truth is; Good rates are important but, not always the most important aspect of securing a mortgage. Perhaps, more important than the rate, is a program that fits your personal circumstances at the right price. If you have to pay a lot of extra money to get a low rate you may never recover the associated costs. This is a great example of "Best rate, not the best deal!" Most borrowers change mortgages between three and five years. They move, or they refinance. If you pay an extra $2,000 in costs or points for a $200,000 mortgage to reduce your payment $30 per month, it will take almost six years to hit the break even point on this investment. You may want to use the $2000 for something else! Some mortgage loans have appealing low rates but, come with major costs. Determine if there is a chance that you will need to redo or payoff your loan in a relatively shot period of time. If you have to pay extra at the beginning or end of your loan it may not be a good deal. I will help you to analyze such aspects of your mortgage transaction so that you will be able to conclude a logical strategy. Please be careful so that you “don't pay extra to get a low rate." First Home? Second Home? Investment Or Dream Home? Pre Qualify For Free!
Top Picture: Sam's Manchester Michigan Office... Bottom Picture: Corporate Offices - Livonia, MI Telephone 734-524-0400 FAX Number 734-524-0600
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Sam Coleman
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