Episode 48 – Is your mortgage rate 5.50% or higher?

December 19th, 2008 · No Comments

I am going to show you how you will save thousands by calling us today.

To make this easy, we will use simple numbers.

Your home is worth $350,000 and your mortgage is $250,000. Your current rate is 5.50% and you have used 1 year of your 5 year term, so there are 4 years remaining. Let’s say you are using a 35 year amortization, so your monthly payment is $1,332.40. The remaining 4 years of your term will cost you $53,285.85 in interest you will pay your lender.

My mortgage team can remortgage you at 4.89%, transfer any CMHC fees over and potentially even get your appraisal & lawyer cost covered saving you $2543.63 and lowering your payment by $100.

If your rate is 5.75%, you will save $4,839.26
If your rate is 6.00%, you will save $7,134.84

….::: NOW, lets say your mortgage is $500,000 ::::….

If your rate is 5.50%, you will save $5,087.28
If your rate is 5.75%, you will save $9,678,44
If your rate is 6.00%, you will save $14,269.70

Apply online today by clicking HERE and we will contact you to start saving soon.

Questions? Give me a shout at 604 716 6474 or email me at jessi@jessijohnson.com

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