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Slide 1: ==== ==== For more tips on Safe Mortgage Investing go here: www.Mortgage-Acceleration-Map.com ==== ==== The mortgage crisis is creating problems for all sorts of investors, buyers, and sellers at this point. However, there are some ideas you can follow to help you safely navigate through this crisis and come out with a better investment. In this article we hope to share a few ideas with you that will help your investment or home grow to a better level. That way when the mortgage problems are over you will be able to grow your investment more than anyone else. The first idea that you need to grasp is that the mortgage crisis has created a situation where mortgage rates are at all-time lows. When I purchased our home three years ago the best rate possible was a 6.5%. However, with a credit score above 750 you would have been able to get something better. Since that time the value of houses has plummeted and people are left upside down on their mortgage. If you were a smart home buyer or did not have this problem then you probably have a thirty-year mortgage at about 6.5%. Now is the time for you to re-finance that mortgage and get it down to a much lower rate. The current national average for mortgage rates is about 5.5% for a thirty-year loan and 5% for a fifteen-year loan. When the economy picks up so will these rates. You may be thinking that a 5.5% sounds awfully close to a 6.5% rate, but let's look at the numbers to show you exactly how much you would be saving. If you have $200,000 left on your mortgage at 6.5% over three years your monthly payment will be about $1,264. Whereas if you have a 5.5% interest rate your monthly payment will be $1,135, saving you over $100 dollars every month! When you refinance a mortgage it usually costs about $1,000 for the loan to process. In just twelve months your refinance would have been worth it. Think about how much money you would have saved over the life of the loan. When it comes to refinancing, not everyone should do it. You need to look at your situation individually and try to understand if it is right for you. For instance if you are only going to be in your home for a short period of time then refinancing your mortgage may not be worth it. Look at how much money you will save monthly and compare that to how much you will be charged to refinance your home. When you do that then you will be able to make the decision necessary. For the best property management company in AZ visit Mesa Property Management. Matt Smith - To learn more about Arizona property investment opportunities, please visit Mesa Property Management for great information. Article Source:
Slide 2: http://EzineArticles.com/?expert=Matthew_Lewis_Smith ==== ==== For more tips on Safe Mortgage Investing go here: www.Mortgage-Acceleration-Map.com ==== ====