Do you know how much interest you are Actually paying on your mortgage? It’s a LOT more than you agreed to when you signed your loan! Let me give you an example: Customer A has a 30-year mortgage on his home for $379,000 at the rate of 4.34%. Using those figures in a loan calculator, I determined that he will actually pay a whopping 79% interest over the life of the mortgage! That is a total of $299,411–in interest alone!
New mortgages today generally have an interest rate of 6.908%; the same loan of $379,000 would have at total interest payment of $520,324.23–and the total percentage would be 137%!! That is insane!!
Want to find out how much interest are you actually paying on your own mortgage? If there was a way to pay off your mortgage in half the time or less, AND keep more of your dollars, would you want to know more? Fill out and submit this contact form or give us a call today at Luminous Vitality Wealth Partners (530) 830-2453
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