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Ever wondered what a 1% lower interest rate means to your monthly mortgage payment? This video shows you the math using a $500,000 purchase as an example and illustrates how the interest rate affects your monthly payments when the rate lowers incrementally. Kelly also shows the potential long term savings at 5 and 15 years into the loan. Would you like your own FREE mortgage analysis? 📞Schedule a FREE call with a Kelly Zitlow Group advisor today! CLICK to schedule: https://bit.ly/3wERfRV or call/text 480-725-0150 ➡️SEE THE $$ NUMBERS UP CLOSE: https://mcedge.tv/k13s8w ⭐We lend in 45 states + Washington D.C. Our mission is to provide honest, well-communicated, and knowledge-based lending experiences. ☎️Let's chat & see if we can help you achieve the dream of homeownership. CALL or TEXT us at 480-725-0150 🌎 Learn more about us at: http://www.kellyzitlowgroup.com ✔️ SUBSCRIBE TO THE MORTGAGE “HOW DO I” YOUTUBE CHANNEL: http://bit.ly/SubscribeToMortgageHowDoI MORE VIDEOS 📺 Videos for Home Buyers: https://bit.ly/2OnxUCa 📺 Videos For Real Estate Agents: https://bit.ly/3wiJZcO KELLY ZITLOW, NMLS 164330 Sr. Mortgage Educator KellyZitlowGroup@houseloan.com www.kellyzitlowgroup.com ☎️ CALL or TEXT 480.725.0150 Kelly Zitlow is a Sr. Mortgage Educator with Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. All information presented is for educational purposes only and is used to help you as the viewer in your home-buying process. Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258 | Equal Housing Lender | Production Office = 14635 N Kierland Blvd Ste 140, Scottsdale, AZ 85254 CHAPTERS: 00:00 - Mortgage Interest Rate Comparison 00:42 - Monthly Mortgage Payment Impact 02:20 - 5 Year Interest Savings Analysis 02:58 - 15 Year Interest Savings Benefits 03:27 - Mortgage Market Research Tips 04:35 - Current Mortgage Refinance Trends 05:13 - Subscribe for Mortgage Updates #mortgagerates #rates #interestrate