"I Don't Want a 30 Year Mortgage, Since I Have 24 Years Left"

OK, so let’s do a 24 year mortgage. Also, because the rate is going to be lower, we might even be able to lower the number of years further. Are you kidding, we can do that? That was a call that I got this morning from Jon, he was referred by his brother.

Most folks are not aware that mortgages can be done from 8 to 30 years. In other words we can custom fit a term that will suit the client’s needs. I did some very quick math for him and it looks like we can keep his same payment and get him down to 20 years. It looks like about $36,000 in interest savings, not bad.

Jon is on a mission to pay off his mortgage and we’ll make sure he can accomplish his goal. He felt a lot better after we spoke and he made sure to tell me that I get it. He was going to call his brother to thank him. It’s a good day!

image courtesy of Salvatore Vuono/freedigitalphotos.net