I have a mission of “discovery and perspective” for you …
Ask your parents if they ever thought fixed interest rates would be below 3%.
For those of you reading, under the age of about 35, you may not realize this …fixed Mortgage interest rates use to be north of 15%. Fixed Mortgage interest rates use to be north of 15% (repeat for effect).
So, go ahead …
Ask your parents if they ever thought they would see the day Mortgage rates fell below 3%?
When I ask this question, I hear answers of, “no way”. “Not in a million years”. “That wouldn’t happen”. *Slow silent head shake left to right*.
Fast forward to today … Now, I am asking myself …do I think fixed interest rates will ever be 15% or higher again?
I think, no way …that would be crazy …things would be out of whack …not in a million years. Things are different now. There is no way fixed interest rates could go that high (again?).
Do I honestly believe, there is absolutely NO chance of fixed Mortgage interest rates going that high again?
I think the truth is, I don’t know where rates will go over the long-term. Just like the long term prediction of oil price futures is hard to peg down.
I would rather proactively PLAN for increasing interest rates, over the long-term vs reacting to high rates if/when they happen.
How To Protect Yourself:
- Acknowledge there is a threat of increasing interest rates. If my head is in the sand and I refuse to even consider the concept of increasing interest rates, I think there is no sense in planning for them.
- Calculate my “future payment shock” of a worst case scenario at my future Mortgage renewal date. Figure out what your Mortgage payment would be at a much higher interest rate in the future. Once I have this number, I work the differency backwards and add it into my Mortgage payment over the term of my Mortgage.
- Slowly absorb your future payment shock into your Mortgage payments. As the Mortgage market changes, make adjustments to your Mortgage accordingly.
This idea is fine-and-dandy …but what about executing it? Who is following up to manage everything? How am I staying up to date of changes in the Mortgage market place? Who is helping me save money AFTER my Mortgage funds? Is the Bank branch doing this for me?
I think these are great questions to be asking when deciding WHO to place my Mortgage with!
Your Opportunity:
As one of my clients I detail a complete Mortgage strategy for you. This involves my client care follow up system BEFORE and AFTER your Mortgage funds. You’ll benefit from my BOSS Mortgage Strategy with the following:
- Money saving ideas to help you save THOUSANDS of dollars in interest (where the Banks actually make less …they don’t like me for this :-))
- 100% confidence you are kept up to date with ANY opportunity to save money, as our economy and market change in the future.
- Build equity in your home FASTER so IF you decide to sell, you may pay Real Estate fees, closing costs and use your money for a down payment on your second home. You have options.
I do all of this for you – free of charge – so I earn your business, future referrals and testimonials.
Everything is 100% no obligation and 100% risk free.
I just need your email address and contact details to get started. Click here ==> How Much Can You Afford? <==
Talk soon,
Chad Moore
P.S
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Thank you in advance.
