Larry Maddocks
Mortgage Rates in Utah. We Have the Lowest
Rates Are Down. Finally You Can Pay Off Your Mortgage Many Years Earlier. Guaranteed.
Right now mortgage rates for a 30-year fixed mortgage are 3.75% in Utah. That is for someone with good credit and good, documented income. Your APR is 4.262%, assuming a loan amount of $200000, giving you a low monthly payment of $926.23. If you borrow over 60% of the value of the home, interest rates are a little higher.
If you want to reduce your payments, or pay off your mortgage earlier, or purchase a home, call me.
I represent several large lending institutions.
Call Larry Maddocks at 801-759-1604
Click here to request information
I am employed with Envision Lending Group. Envision Lending Group is Utah's best mortgage broker, licensed to broker mortgages in 21 states. Envision Lending group is headquartered in South Jordan, Utah with branch offices in Salt Lake City and Orem, UT, Las Vegas, NV, Scottsdale, AZ and Dallas, TX.
My Office Address:
Larry Maddocks
Envision Lending Group
4001 South 700 East, Suite 420
Salt Lake City, Ut 84107
Example
The following shows the savings from changing from a 5.5% rate to a 4.375% rate. Even with that low interest rate on the current loan, the home owner saves $46,953.46. Though the new mortgage is increased to pay the closing costs, the lower rates allows the home to be paid off many months earlier.
There is no out of picket cash to pay closing costs. In this example the APR is 4.741%
| Existing Mortgage |
New Mortgage |
|
|---|---|---|
| Principal Paid |
$191,452.90 | $199,900.00 |
| Interest Paid |
$175,224.66 | $119,824.10 |
| Total Payment | $366,677.56 | $319,724.10 |
| Total Savings | $0.00 | -$46,953.46 |
| Total Months Left To Pay |
324 |
281 |
Page updated 4/2/2009
Syndicate
