It's easy to underestimate the importance of getting the right mortgage quote. After all, the difference between 6.25% and 6.4% doesn't seem very significant.
When you're dealing with the large amounts of money involved in a home purchase, however, those tiny percentage differences can have a significant impact on your finances.
For example: If you bought a $300,000 home and got a 30-year fixed mortgage at 6.4% (after making a 10% down-payment), your monthly payments would be $1,876.52. At the end of the mortgage term, you'd have paid $545,168.45 for your house.
If you got the same mortgage at 6.25%--with everything else being equal--your monthly payments would be $29 lower. You’d save $348 a year, and over $5,000 on the total cost of your home ($540,045.17).
We will help you find the best type of mortgage for your needs, at the best rates currently available.
August 31, 2010 - It looks as though some Chicago real estate developers still have more confidence in the rental market than in selling market rate Chicago condos. According to a recent Crain’s ar...
August 30, 2010 - Since we’ve been talking about some of the units still available and prices of Chicago lofts, we thought we’d mention another Chicago real estate development that falls into that ...
August 28, 2010 - For those of you who might be interested in buying one of the remaining unsold Chicago condos at Aqua but haven’t had time to stop at the sales center, you can now check them out ...
