How 90% of Homeowner Are Losing Tens of Thousands of $$$ When Refinancing Their Home

I go over the biggest MYTH when refinancing a home mortgage. A lot of people lose $1,000's when refinancing (they do not save money...).
Contact me at http://www.tampa2enjoy.com/contact-us/

It's because banks know something you don't and quite frankly I don't think loan officers really know or understand it either. It's basically this - when 90%+ of homeowners refinance their home they just go back on a 30-year mortgage. Well, if you have lived in your home for 7 years and then did a refinance why would you get a 30-year mortgage and amortize your loan over 30-years. NEVER do that! When you do a mortgage refinance you need to amortize your loan over the years remaining on your mortgage. So, if you have 23 years remaining, then you get a 30-year and amortize the new loan over 23-years (NOT 30). If you amortize it over 30 years you just threw away 7-years of mortgage payments (losing you probably tens of thousands of dollars).

Just ask your loan officer how to re-amortize your mortgage and they would be more than happy to show you.

If you are looking a buying a home in Tampa Bay please contact me or visit my website at http://tampa2enjoy.com.

Note: The point of this video and the 90% is to illustrate the importance of knowing what you are getting into and choosing a loan officer that will look out for your best interest instead of theirs when refinancing your home.

If you have any questions please contact me.

Sincerely,

Lance Mohr
Mohr Realty Group at Keller Williams
813-317-4009
http://www.tampa2enjoy.com
https://youtube.com/tampa2enjoy

Check out the Refinance Myth - How 90% of Homeowner Are Losing Tens of Thousands of $$$: https://www.youtube.com/watch?v=QCW18ddjdn4

Видео How 90% of Homeowner Are Losing Tens of Thousands of $$$ When Refinancing Their Home канала Tampa Real Estate Expert