Financial Literacy Month
For the first time ever, President Obama has said that it makes financial sense to refinance right now. He knows that there are billions of dollars that home owners could potentially save if they refinance at this time.
It’s financial Literacy Month. Are you avoiding a refinance because you might have to pay a point or a few thousand in closing costs? Even so, do you know what this could mean for your bottom line monthly and annually?
Example: Lets say you have a mortgage loan balance of $300,000 and you think you have a really good rate. If you were to refinance at a .5 lower interest rate, this could save you in the area of a couple hundred a month. Over the life of the loan, that could save you around $60,000 – big savings! This could help you save not only today, but toward your retirement, too.
Are you making financially smart decisions? Are you financially literate? Who are you getting your information from? Think about it and make the inquiry and at least see if it makes sense for you!
Please feel free to take a look at our current lender niches for more information.
