Ethos Home Loans

Inflation giving you the blues?

We’re happy to help if you’re struggling to make those mortgage payments.

But we’d be even happier if you never needed to come to us in the first place – so here’s a tip you can use to save money on your mortgage:

Even though a 15 year mortgage will have a much lower interest rate than a 30 year mortgage, you are tasked with making monthly payments that are considerably more expensive – and that may be too much to handle.

So why not take out a 30 year mortgage, but pay it off quicker?

The great thing about this is, you can make payments as if it is a 15 year loan, but without the added stress and responsibility of the higher minimum payment.

That way if you ever find yourself in trouble, you’ll have a much easier time making those minimum payments.

Just watch out that your mortgage doesn’t include a prepayment penalty – that would put a serious damper on your plans.

Even though we would miss your company, we’d be happy to know that you are succeeding in building the life of your dreams, without any worry of losing your home.

After all, we are here to help :)

Incoming – a hot mortgage tip to save you big in the long run!

Try making payments every two weeks instead of once per month.

So a normal 30-year loan will come with 360 payments – 12 per year. But check this out:

If you take your monthly payment, divide it in half, and pay that amount bi-weekly, you will end up making the equivalent of one extra monthly payment each year, while saving big on interest over the long run!

For example, a 30-year, $200,000 mortgage at 4% will translate to about $11,460 a year. With a biweekly payment schedule, you’ll be paying $12,400 per year. Yes, it's a bit more. But here's why it's a good idea…

Over the lifetime of the loan, you would save $23,000 in interest – holy mortgage, Batman!

I can think of a couple things I would do with an extra $23,000…

So give it a shot!

A little advice can go a long way…

[The best mortgage-related advice I’ve ever received is ___]