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alabama: Don't Wait Until It's Too Late to Lock Your Record Rate! - 01/26/09 09:04 PM
Let's face it, everyone wants to get the best deal out there.  We want to get that house at the bargain basement price, we want to buy the car after making the car dealer say "mercy", and we all want the VERY lowest possible rates on our mortgage.  For the past 5 years, with the exception of a few brief moments, mortgage rates have generally been in the high 5's to high 6's.  When rates went down into the 4's a couple of weeks ago, many people jumped on the opportunity to get an unprecendented rate on their home loan.  However, there … (0 comments)

alabama: 6.5% vs. 5.0%....What's the Real Difference? - 01/24/09 10:35 AM
Have you ever wondered the difference in payment and interest savings between a rate of 6.5% and 5%?  Here you go:

As you can see, the savings is significant:  $152 per month payment difference, $23,782 interest savings over 10 years, and over 8 years off your mortgage if you continue to pay the 6.5% payment with the 5% rate. 
Many consumers will miss out on a tremendous amount of savings trying to time the bottom of the rates and get the "perfect rate".  If you are over 6%, don't hold out for 4.5% if you can get 5% currently.  It's … (0 comments)

 

Brent Sute, LWC

Tuscaloosa, AL

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Hometown Mortgage

Address: 1635 McFarland Blvd. N., Suite 503, Tuscaloosa, AL, 35406

Office Phone: (205) 409-7865

Cell Phone: (205) 310-2335

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