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So what does an increase of .125% in rate mean to me?

November 2nd, 2018 2:52 PM by Ken Morley

I've always encouraged people to get at least three different lender quotes before making a decision. I thought it might be helpful to do a comparison between a loan for $250,000 for 30 years with a rate of 4.875% and then the same loan at 5.000%. I'm sure you know the payments will go up $19.03 per month which might not seem to bad but if you look over the life of the loan that equates to $6,850.80 in additional interest---WOW! So do your research and let us give you a quote by calling (303) 650-9400. In the future you'll be glad you did!
Posted in:General
Posted by Ken Morley on November 2nd, 2018 2:52 PM



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