Hey everybody, I’m going to take a minute here and share with you our winning formula to get you a sweet mortgage deal.
This formula we’ve seen over and over and over in our over 20 years of this mortgage business. And I’m going to share it with you today. There’s three steps to getting the sweetest mortgage deal every time you go to get a new mortgage.
If you get these three steps right, then you can get a new mortgage as often as necessary. Just because you have a 30 year loan, for example, doesn’t mean you have to hold it for 30 years. You can always refinance it and get into a new product that makes more sense for you.
Three Winning Formula Items:
Number One: the right mortgage product.
I know this sounds obvious, but it may not be as obvious as you might think because there’s a lot of mortgage products out there and they specialize in specific things and have certain strengths and weaknesses. You want to make sure you get that right product aligned with what your goals and needs are. A great example is from a little while back when we had a military veteran come in and think, “Hey, I should get a VA home loan because I have this benefit available to me”. Well, after going through the criteria, it turns out that the VA home loan for that particular person was actually MORE expensive than a different loan product. So you want to make sure you get that right product for you,
Number Two: the right costs including low mortgage rates and fees.
Now this might seem obvious, but there’s more that goes into it than just closing costs. It’s the relationship between rate, closing costs, and the product – a triangle that works all together. And if you get those three right, then you’ll have yourself set up for the very best possible situation.
Number three: the right terms. Don’t forget this one…
Getting the right terms on your loan can be how long it takes to pay off your loan or your repayment period, whether it’s a new 30 year fixed, a new 20 year or a custom term.
Those custom terms are what a lot of people tend to overlook, but there’s a lot of power in those custom terms to keep you on schedule. For example, if you are only into your loan two years, then you may want to look at doing a 28 year loan to keep you on schedule to pay off with your original schedule. The analytics that we do are sometimes shocking when we see how much interest can be saved by dropping that repayment term and how little it can increase a payment. So this is something we definitely want to look at, but all three of these working together, the right way product, the right cost, the right terms – plus incentives that appear in the marketplace that we’re always sniffing out for you – is the way that winning formula can get the sweetest mortgage deal for YOU.
Sweetmortgagedeals.com, book a call. Let’s walk through all of these and see if we can’t save you the most money and get you the sweetest deal possible.
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