Get the best mortgage loan for you

In today's economic environment it is important to have a financial plan. I call it- The get your home paid off sooner plan.  My philosophy is to break free from the hassle of having a 30 year mortgage. In the long run- a 30 year loan only costs you more money in interest. A 15 year mortgage is the only way to go I believe. It may cost a little more now, but the trade off is paying less in interest later. Does paying 3 times the amount in interest (from a 30 year mortgage) sound scary to you? It should!!!

Here is an example scenario: A $100,000 loan for 30 years with an interest rate of 6.5 percent = $131,000 in interest payments paid over the coarse of that loan period. What I propose is this: The same $100,000 loan for 15 years with an interest rate of 4.5 percent = $41,000 in interest payments paid over the coarse of that loan period. The savings are staggering... Do the math- $90,000 in interest savings speaks volumes for itself. The greater the loan amount, the greater the interest savings.

The benefits are:
1- Gain equity faster.
2- Pay your loan off faster... 15 years faster to be exact.
3- Ability to then put more money into retirements or investments.

Your home should be treated as your nest egg and the faster it is paid for the better off you will be for the long haul. I want to help you gain financial freedom. Get prequalified now for your 15 year mortgage with Mainpoint Mortgage Today!!!