352-373-0032 info@we-promise.com

I just refinanced my home. I recommend that you look into it too.

Interest rates are astoundingly low. Like really really low.

My new rate is more than 1% below what it was before, and if I pay the same monthly payment for my new 30 year loan it will be paid off in about 17 years.

Yeah, that’s a big deal.

That’s all you really need to know – go talk to your banker and get a quote. Or contact me and I will send you 2 or 3 wonderful lenders to talk to.

Now, if you are nerdy like me you want proof. And statistics. And charts.


Comparing interest rates

Let’s break it down with a $100,000 loan, so that you can adapt these numbers to fit your situation pretty easily.

Dropping your interest rate by 1% affects the interest you pay over the (30 year) lifetime of your loan… your total interest paid drops by about $40,000.

Principal Interest
APR @ 4.5%  $        100,000  $        164,811
APR @ 3.5%  $        100,000  $        123,313
Difference  $          41,498