Sunday, January 21, 2007

With Mortgage Rates, Small Changes Mean a Lot

We're always hearing about interest rates going up a bit here or down a bit there, which may not seem like significant amount. But when buying a home--the biggest expense most people will make in their lives--a small move in mortgage rates can make a huge difference in how much you pay per month, and over the length of the loan.

Fortunately the Web makes it easy to find out how much you can save. Just check out one of the many mortgage calculators online and you can run what-if scenarios to compare one mortgage rate to another. If you own a home or are looking to buy one, take a few minutes to run the numbers through a mortgage calculator.

No comments: