Mortgage Mondays - Episode 9 - 15 year mortgage

Mortgage Mondays - Episode 9 - 15 year mortgage. Reasons to Pick a 15 yr Fixed Rate Mortgage

Mortgage Mondays - Episode 9 - 15 year mortgage video duration 3 Minute(s) 45 Second(s), published by Matt the Mortgage Guy on 13 04 2015 - 23:04:12.

Matt the mortgage here
Mortgage Monday's episode 9, outdoor edition where I'll be talking about the 15 year mortgage and why it may or may not be a good fit We are not taught to look behind the terms and interest rates of a mortgage
What do you do with the cash flow, tax write offs, and opportunity costs?

How to Compare a 15 yr Mortgage vs
a 30 yr Mortgage Enroll in Turbo University at http://turbomortgages.com/turbo-university! Earn credits from 13 different online classes FREE that can be applied to reduce Segment from Good Morning Texas on 2.17.2016.

Matt the mortgage here. Mortgage Monday's episode 9, outdoor edition where I'll be talking about the 15 year mortgage and why it may or may not be a good fit for you.

Mortgage guy here, mortgage Monday's episode 9 where I'm talking about the 15 year mortgage. It may or may not make sense for you in your scenario but at the very least if it's something that you think might make sense I encourage you to reach out. Those of you that know me know that I'm a numbers geek, I love to crunch numbers, look at different scenarios and help people win when it comes to money and mortgage. So with that being said I just want to touch on a few thinks, people have questions about whether or not a 15 year mortgage makes sense. Usually I have some of the same questions, one of them is the misconception that paying off your mortgage in half the time means that you pay twice as much. Definitely not the case. In most cases you factor in the fact that 15 year has a lower interest rate also that you’ve got your property tax and insurance mixed in with your mortgage payment.

You can see anywhere from 25 to 30% increase in what a payment looks like on a monthly basis, 15 year versus 30 year. Again it's scenario specific so reach out if you have questions regarding your specific scenario but you might a $17 000 a month payment on a 30 year or a $22 000 a month payment on a 15 year and only you truly know if that makes sense for you and your particular financial situation. So I wanted to talk a little bit about 15 year mortgages as I've had more and more clients ask me questions, more and more clients get themselves into 15 year mortgages. It's a great product, it's not something that's for everybody. It's definitely scenario specific as most mortgages are. So I encourage you to reach out and talk to myself or another mortgage professional and just lay out the whole scenario, we can talk through, this is what a monthly payment would look like at today's 15 year rates, this is what it would look like 30 year and your mortgage is one of your biggest debts.

it definitely plays into retirement planning and your whole financial picture. So it's important to take some time and make sure you’re doing all you can to get the best mortgage for you in your scenario. 15 year mortgage can save you hundreds of thousands in interest but it's not something for everybody and definitely not something for somebody who is going to be, you know, crunched so tight they're going to be taking out credit card debt and other high interest debts in order to pay this monthly payment every month. So.that gal ran by, she's pretty excited about 15 year mortgages as I can tell just from the way she was running that she is just pumped up about the low interest rates, a 15 year mortgage and.

I'm getting old. All these.gosh. I was younger than them one time.

Episode 9 of Mortgage Mondays I talk a little bit about 15 year mortgages and why folks should atleast have a conversation about whether or not a 15 year makes sense #15yearmortgage #SacramentoMortgage #DirectLender #MattTheMortgageGuy