Fixed Rate or Adjustable Rate Mortgage?. Good Friend Mortgage Home Loans - 30 YR Fixed 101
Fixed Rate or Adjustable Rate Mortgage? video duration 1 Minute(s) 39 Second(s), published by Vince Kingston Eagle Home Mortgage on 21 06 2016 - 06:16:48.
15 Year Loan vs 30 Year Loan Portland Oregon Home Loan https://www.youtube.com/watch?v=8TieIuX6Em4 {Portland Oregon Home Loan} Vince Kingston: Tara discusses the pros and cons of the 15 year mortgage
Extra payment calculator: http://www.primacymortgage.com/calc-extra-payment.php.
With the Advanced Interest Minimizer program, you can pay off your 30-year mortgage in 14 years or your 15-year mortgage in just 8 years
See how it works The 30 YR fixed pros and cons compared to other basic core products
( 15 YR, ARM). The 30 YR fixed pros and cons compared to other basic core products
( 15 YR, ARM)
15 Year Loan vs 30 Year Loan Portland Oregon Home Loan
https://www.youtube.com/watch?v=8TieIuX6Em4
{Portland Oregon Home Loan}
Vince Kingston: Adjust rate, or means adjustable-rate mortgage. They’ve definitely fallen out of favour in the past couple of years. There used to be much larger spread between a fixed rate, on our meaning you can get a much lower interest rate on adjust rate mortgage. That isn’t the case anymore. In addition to that there's just a stigma around arms, they are not really useful right now.
{Portland Oregon Home Loan}
So, a fixed mortgage can be fixed for almost any amount of time. The standard is 30 year fixed, but you can also fix a mortgage for 29 years, 28 years, 27 years, and so on. But typically, you have a 30 year fixed or 15 year fixed. And between a 30 year fixed and a 15 year fixed is a broader discussion. And, this is some of the areas I’m really passionate about discussing with homeowners, because 15 year fixed might appear to offer tremendous advantage and sometimes it does, because you are aggressively paying down your principal balance.
{Portland Oregon Home Loan}
But it's important to look at these things holistically within a larger financial plan. You're also on a 15 year fixed diminishing your tax advantages, because 100% of your mortgage interest on your primary residence is tax-deductible. Could there be maybe more advantageous way to do this. Have a 30 year fixed and use the money you would’ve used to aggressively pay out a principal balance to fully fund or tax band retirement accounts that typically could earn us much higher rate of return, than the after-tax savings of paying down that mortgage aggressively.
{Portland Oregon Home Loan}
So, guys if you have any questions. you just pick up the phone. I love having these conversations. I’ll be happy to help out and answer any questions you may have.
{Portland Oregon Home Loan}
https://youtu.be/8TieIuX6Em4
Visit my page: homeloansportlandoregon.com
https://www.facebook.com/Vince-Kingston-1639474649640866/?ref=hl
Address:
Vince Kingston.
Portland Oregon USA
Phone :(971)221-8525
{Portland Oregon Home Loan}
Other Video about Fixed Rate or Adjustable Rate Mortgage?:

Good Friend Mortgage Home Loans - 30 YR Fixed 101
The 30 YR fixed pros and cons compared to other basic core products( 15 YR, ARM)

Good Friend Mortgage Home Loans - 30 YR Fixed 101
The 30 YR fixed pros and cons compared to other basic core products( 15 YR, ARM)

15 year vs 30 year Mortgage Loans
Tara discusses the pros and cons of the 15 year mortgageExtra payment calculator: http://www.primacymortgage.com/calc-extra-payment.php.

Pay Off Your 30-Year Mortgage in 14 Years
With the Advanced Interest Minimizer program, you can pay off your 30-year mortgage in 14 years or your 15-year mortgage in just 8 yearsSee how it works.
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