Hi {first_name},

 

Consider this when thinking of your mortgage....

 

Long term gain vs Short term gain.

 

For example, let's say you have a 30 year mortgage...

 

And say you have paid 6 years into it, you can afford the payment and your interest rate is decent. 

 

Why go through all the trouble of refinancing?

 

Well, let’s do some quick math...

 

If you have a $300,000 mortgage and your current yearly mortgage insurance is 0.80 of 1% or 0.008% - so what you do is multiply that percent by the total amount left on the mortgage like this $300,000 x 0.008% = $2,400 per year.

 

Now imagine if that same insurance payment is reduced to 0.74 of one percent, or 0.0074%…

 

It’s such a teeny tiny amount, right?

 

But if you do the same calculation… you’ll get $2,220 or in other words, a $180 saving a year.

 

24 years left on your mortgage (remember, you're 6 years in)

 

24 x $180 = $4,320 in savings. 

 

Even a teeny change in rates can become a HUGE change over the lifetime of the loan.

 

So, saving a whole percent on your mortgage is kind of like winning to lotto (over the lifetime of the loan). 

 

And the market is always in a flux… It goes up and comes down, and right now the rates are LOW, they can only go up from here!

 

They might rise tomorrow, and you could easily miss an opportunity of a lifetime.

 

So don’t wait any longer schedule a quick call with me or text me back at 720.650.2288.

 

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P.S. Real quick... assets are the liquid and non-liquid property that you own. (less any money owed against each listed asset)

 

Example: your checking and savings accounts.

 

Or 401k, 403b, IRA, Roth IRA.

 

Or certificates of deposit (CD).

 

Same goes for homes and cars (less their remaining repayments).

 

Don't forget that life insurance policies are considered assets.

 

All assets must be verified.

 

You need to prove that they are either:

yours, or…

a gift.

 

One last tip...If you can’t verify that your assets are YOURS or are a GIFT then they will be added to your DEBT. Yuck!

 

This also might effect your refinancing qualification procedure…so, be aware.