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Episode 37 | Pay your home off early

This week, we want to tell you about a great loan product that you might not have thought of.

We’d like to talk to you really briefly about the 15-year loan product that’s out there now. I went to settlement yesterday, and our client got a 15-year note at three and a quarter percent interest, and David Turner, who’s the lender that we use all the time for Prosperity Home Loans, great guy, really good lender, came to our sales meeting on Tuesday, and he was telling us, you can get the 15-year loan for three and a quarter percent, no points, and that’s just a fabulous rate.

Think about it, you’re cutting your loan term in half from 30 to 15 years. You put a little bit more down each year, and you can cut that to somewhere between 10 and 14 years. So it’s a really great way of building equity fast, and those of you who already have homes, take a look at the loan that you have right now, might be a good idea to refinance. Yes. your monthly payment would be higher. True, and this product isn’t for everyone. But if your budget and comfort level allows it, the interest rate is lower and you’re paying off your house in half the time.

So, if you have a lender, give them a call, if not, I can’t recommend Dave highly enough. Feel free to contact Dave with any questions – 703-932-5987. 

Thanks for watching this video. We release new videos each and every Wednesday, so feel free to go ahead and subscribe to our YouTube channel. We look forward to seeing you next week.

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