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    How to Save Over $50,000 With Your Mortgage

    Shopping for a home is important, but equally important, is finding the best possible mortgage rate. Rates can vary greatly depending on the lender and type of financing, but even the SMALLEST change in percentage can be very significant!
    For a $300,000 loan at 5.5% interest, the monthly payment would be $1,363 per month.
    For the same loan at 4.5% interest, the monthly payment is only $1,216 per month.
    You would be saving $147 per month!
    If that doesn’t seem significant, think of it this way:
    • That’s $2,398 in savings JUST over ONE year!
    • Or… $34,211 in savings over 15 years!
    • Or $52,794 in savings over 30 years!
    Needless to say, even a SMALL change in interest rate can make an impact on your pocketbook. Make sure you’re pre-approved with a lender BEFORE your house-hunt. That way, you can make sure your monthly payment fits into your budget! To find out how much you can save on your mortgage as either a refinance or a purchase, get started with a reputable mortgage broker, like our preferred lender, Brad Hansen.

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