Monday, April 18, 2005

Current Rates & Mortgage Calculator

Quote of the day:
A man who both spends and saves money is the
happiest man, because he has both enjoyments.

- Samuel Johnson

Here is a link to a site that will give you current interest rates and allow you to calculate "what ifs" for a mortgage, with various scenarios.

When shopping for a mortgage, compare the pros and cons of all options (fixed rate and adjustable rate mortgages). If you are not going to own a property over 5-7 years, an adjustable rate mortgage may very well keep your payments low (meaning you qualify for more) and save you alot of money. If you really want to keep your payment low, write to me and ask about the "cash flow loan". When you are getting quotes, be sure to compare TOTAL loan costs... by comparing the APR, not just the annual percentage rate. There are some serious rip off artists out there in the big bad world of mortgage lending, as there is in any business. Work with a trusted professional, from whom you've gotten several references.

If you have specific questions, please write me direct.

Have a great day!
Realtor, ABR, e-PRO, GRI, REI
Serving all of Washington State
Specializing in Wenatchee & Surrounding Areas

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