SunTrust Bank Mortgage Savings Tip
With the ever changing volatility of the stock market, the one stable investment you have made is your home.
Mortgage rates are on the decline and the time has never been better to refinance your current mortgage. Think of the annual savings you could put in your pocket!
For example, if you currently have an interest rate of 6.25% on a $200,000 mortgage, your monthly payments are roughly $1,264. Now, assuming that you have taken advantage of the lower interest rates, your interest could be 5.25% and your monthly payment would be reduced to $1,074.
That is a savings of $190 a month and more importantly a savings of $2,280 a year!
For more information contact John Baker at SunTrust Bank.
John.baker@SunTrust.com