Example #1 of how to use this rate: This could be the perfect rate if you plan to live in your home for a long time. Maybe you are purchasing a property that you know is going to be the perfect place to call your "forever home". Or maybe it could be the home you’ve been living in for a number of years and you’ve decided that you want to stay now. It also might be too expensive to sell your current home and purchase another home at today’s prices. This rate will make your monthly mortgage payments the lowest and save the most interest. This rate has higher closing fees than the Short-Term rate but notice how the Annual Percentage Rate (APR) is lower. The lower APR indicates that this rate will save the most money over the life of the loan. Many homeowners are not aware of how much interest they pay over the long-term. Lowering the interest rate a mere half percent on a $500,000 loan will save the homeowner about $2500 per year. That money adds up. It’s probably wise to invest in a lower interest rate now to save thousands of dollars in the future. Visit our mortgage calculators page to get an idea of what your new payments would look like. Thank you for considering United Real Estate Capital for your next purchase or refinance. Please reach out to us in the Contacts page whenever you have questions. We are available six days a week for phone calls and seven days a week via email.
Example #2 of how to use this rate: In this scenario, the home you are purchasing might not be your forever home, but you are certain that you will live there for about ten or fifteen years. You want the lowest payment possible and are aware that getting a lower interest rate will help achieve your goal. Having multiple interest rates to choose from is one of the best ways to save money when selecting an interest rate for your home loan. It’s never a good idea to make the rate choice based on feelings; you must always run the numbers to find out for sure. We are more than happy to run the numbers for you to determine if this interest rate is the best one for your scenario. Thank you for considering United Real Estate Capital for your next purchase or refinance. Please reach out to us in the Contacts page whenever you have questions. We are available six days a week for phone calls and seven days a week via email.
The below fees are included in the APR calculation
Settlement Agent / Escrow Company fees
Lenders Title Insurance Premium
Credit Report fee
Courier / Wire fee
Document Prep fee
Sub Escrow fee
Mobile Notary Travel fee
Electronic Registration (MERS) fee