So, you are finally ready to buy a home. It is an exciting time in anyone’s life, but it can also be one of the scariest, too. In a housing market like the one we have been stuck in for the past two years, it can/home/aarti/Desktop/my work/All clients floder/Theruethteam.com/Premium Article/Jan 2022 be especially scary for buyers.
When it comes to a mortgage loan in Denver, CO, you need the guidance of a seasoned professional. Someone who not only knows the local market but will work with you to get the best rate possible.
Getting the Best Rate
We hear all the time how important it is to get the best mortgage loan in Denver, CO. But most people don’t really understand the impact that your interest rate can have on the amount that you pay over the life of the mortgage.
By getting the best rates available, you can save thousands over the life of your mortgage. The price per month may not seem like a big difference but those savings add up over time.
Paying Down the Principle
What most people don’t realize is just how much of the money they pay toward their mortgage each month actually goes toward the principle – the amount that you owe. When you have a lower rate, it means more money available to pay that balance down. The faster you pay off your home, the less money that you ultimately spend on interest rates over the life of your mortgage.
