If you own a home, you have probably received junk mail claiming to be able to save you $100 $500 or even $1,000 a month on your mortgage payments by refinancing your home mortgage. Many of these letters are practically a scam. What they don’t tell you in the letter is that they will be charging you 2% to 6% of your mortgage value in “closing cost” which will be added to your debt to the bank. They also don’t explain to you that often times to get the advertised interest rate, you need to buy “points” which have an upfront cost that is once again added to your mortgage debt. Sometimes it does make sense to refinance in order to lock in lower interest and to determine that, you need to do a break-even analysis on your new interest rate.

—————🔻Watch Next🔻—————

10 Hacks To Pay Your Mortgage Off Early https://youtu.be/76jZnXeW3dY

💰 Real Estate Financial Strategy Videos https://www.youtube.com/watch?v=76jZnXeW3dY&list=PLmqIiuU82MVwbWrrikRgJV-CWwHT0NqFr&index=2&t=58s

💵 Personal Finance Strategy Videos https://www.youtube.com/watch?v=J80JBV1FdPQ&list=PLmqIiuU82MVwfP8Kg0YJaFg9wIgYzCPjv

🏘 Real Estate Investing Strategy Videos https://www.youtube.com/watch?v=cJzsv4rnRzI&list=PLmqIiuU82MVzcgNhZH1DOapMFca7fYJZy&index=2&t=3s

🏠 Real Estate Buying & Selling Tip Videos https://www.youtube.com/watch?v=SKBxVTWuwC0&list=PLmqIiuU82MVzVTMHtcw0ARLoraGiBQJtP&index=2&t=0s

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Sign up for my YouTube Lead Gen For Real Estate Agents Course here
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Join the Real Estate YouTube Mastermind Facebook Group
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Thinking of joining Keller Williams Realty or getting your Real Estate License? Let’s schedule a zoom call and I’ll tell you what I love about it! Email me at [email protected]

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—————🔻Buying or Selling a Home In Maryland🔻—————

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Malcolm Lawson
The Lawson Group
Keller Williams Flagship Of Maryland
231 Najoles Rd Suite 100, Millersville, MD 21108

📞 C:443-333-9505
📞 O:410.972.4000
📧 [email protected]
🖥 https://www.TheLawsonGroupMD.com

#RealEstate #Finances #Money #Mortgage #Refinancemortgage