Realty World - Investors Realty
     103 W. Tulare Ave.
     Visalia, California                                

KMJ 580 "Real Talk"
Try a 20 Year Mortgage

This Saturday's topic will be comparing a twenty year mortgage to a thirty year or fifteen year mortgage.  Most of the wealth in America is in real estate.  It is the largest single investment most people will make.  Yet, most people give very little thought to how to finance their purchase.

A little known product that is available on the market is the twenty year mortgage. Most buyers opt for a thirty year mortgage.  If you have a $100,000 loan at 7% interest amortized over thirty years the monthly payment of principal and interest would be $665 and the total of all payments would be $239,508.  That means that over 30 years you would have paid nearly 2 and 1/2 times the original cost of the house in mortgage payments.   With the same loan amortized over twenty years the the monthly payment of principal and interest would be $775 and the total of all payments would be $186,072, a $53,000 savings over the life of the loan compared to the typical thirty year mortgage!

We will have an open phone line this Saturday to discuss this as well interest rate trends, development news, and as always we are here to answer your questions regarding real estate.  The numbers to call on Saturday are 490-5858 or 1-800-776-5858.

I welcome your comments and suggestions for this show and future shows
Want to be a guest?  Have a subject you want covered?

To contact Brad call at (559) 732-4444 or email blueeyes@realestate-visalia.com

Link to kmj580.com 

Listen to "Real Talk" Saturdays Noon until One PM on KMJ 580 FM

Archives to Past Shows

5-25-02 Do You Trust Your Realtor?

5-18-02  How will California Balance the Budget?

5-04-02  How much commission should I pay?

4-27-02   Multiple Offers - Is this good?

4-20-02  Mold in Homes - link to Dr. Stephen Carpenter

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