Mortgage & Real Estate Podcast by Pinnacle

Here is a way to lower your mortgage payment for the first 12 months!!

Chris Gianino Season 1 Episode 43

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Planning to get an accepted offer on a home before the end of August? Here's a way to lower your payment during your first year.

For a small one-time cost that can be rolled into your loan, you can reduce your interest rate by 1% for your first 12 months.

For example: On a $500,000 home with 5% down, your monthly principal and interest payment drops from about $3,041 to $2,734—that's a savings of about $307 every month, or over $3,600 in your first year.

Contact us before the end of August to learn more and lock in your rate.  

For this example  the small one time cost is about $1,188—which can be rolled into your loan—you can lower your interest rate by 1% for your first 12 months.

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