Ed's Blog

Last blog we talked about saving a lot of money by lowering your interest rate. We talked about lowering the interest you pay by as much as $45,000 on a $415,000 loan and $65,000 on a $625,000 loan.

Still trying to decide and/or get motivated to fill out a loan application? Consider this. If you took the $124 you saved monthly on the $415,000 loan and invested it monthly at 4% over 30 years, you would earn an additional $86,062 on top of the $45,000 mortgage interest saved. Sweet!

And if you invested the $187 a month saved on the $625,000 loan and were able to earn 4% over the 30 years you invested, you would accumulate $125,787! In addition to the $65,000 mortgage interest saved! How cool is that?

Wow! Now we’re talking serious money, big bank, do re mi, you name it.

Motivated yet?

Send me an e-mail at Ed@smithcraine.com or call me at 415-406-2330 and will get the ball rolling for you.