Important Fort Collins Mortgage Information - Read This If You Like To Save Money!As crazy as it may sound -- with all of the volatility in the Stock Market -- And all of the experts predicting that Mortgage Interest Rates would be going up -- They have dropped for several days in a row!
By: Fortcollinsmortgagesite As crazy as it may sound -- with all of the volatility in the Stock Market -- And all of the experts predicting that Mortgage Interest Rates would be going up -- They have dropped for several days in a row! What this means for the consumer - If you were looking to buy a new home, and felt that you couldn't afford the monthly payments yet - Now would be the time to check into qualifying. You might be surprised and actually pay less per month than you would on Rent. Fort Collins Mortgage Rates have not been this LOW in a LONG time...and get this -- 15 year rates are at RECORD Low rates... Below is a comment I pulled out of Market Watch that was written by Amy Hoak: "The 15-year fixed-rate mortgage averaged 4.24%, down from 4.3% last week and 4.5% a year ago. The mortgage hasn't been lower since Freddie Mac started tracking it in August 1991." Now that's spectactular -- If you're a homeowner that wants to shorten the time left to pay on your Fort Collins Mortgage and avoid paying the Bank a HEFTY interest charge. You NEED to look into a 15 year refinance option. Look -- I understand you may have a low rate say it's in the 5's -- but if your payment is let's say $1000 per month on a 30 year fixed loan and you have 23 years left on your loan and let's say a 15 year fixed raises your payment $200 a month... You would actually MORE THAN $55,000.00 In Interest paid the GREEDY Banks!! How?? Here is how I came to this equation: $1000 per month payments multiplied by 276 months (remaining on mortgage for example above) Total of payments - $276,000 New Scenario 15 year fixed loan at $1200 per month ($200 month increase) 180 months x $1200 = $216,000 total of payments... A whopping savings of $61,000.00 (minus closing costs of course for your new refinance)... Now I'm no rocket scientist -- but saving over $55,000.00 dollars is BIG -- and could be your childs college tuition! So don't delay -- call me today and let's see if we can help you save Tens of thousands of dollars off your Mortgage Loan! Call 970-372-6410... Tucker Cusick Senior Mortgage Banker Waterstone Mortgage http://www.fortcollinsmortgagesite.com/ # # # Choosing the "right" Fort Collins Mortgage Company for your Mortgage loan can be the difference between your loan being approved or getting denied! End
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