Did you ever wonder how much more money you would end up with if you could get a 1% interest rate rebate on your mortgage loan? I am sure you did wonder about it, however, did you find out?

Purchasing a property is a lifetime act that involves a highly exciting journey. It starts with the decision of looking for a home to purchase, and then comes the work of looking for that dream home  that not only suits your needs but that is also pleasant to live in. The emotions are high, and when the decision is made on the home of your choice, then comes back the real world of financing the purchase.

For most consumers, purchasing a property is the most significant investment in life, and the mortgage that comes with it is the most significant debt burden encountered in life. It is therefore normal and highly advised to analyze all options available in the market and be well prepared to negotiate a good mortgage package.

The impact of a mortgage loan on one’s finances is larger than you would expect. For example, hereunder is a graph that shows a hypothetical example of a person’s net worth with a mortgage at 4% interest rate. The net worth at age 85 is about $ 1.09 million as given in the graph.

As a matter of fact, using the Wealth Manager to do a quick check on the loan rates to see how important it is to shop around for the best housing loan rate will show you some interesting facts. Safeguard your retirement, your golden years can be made in platinum!