Shopping For Mortgage Rates??? Looking To Refinance?? Or are you looking at different mortgages to buy a house?? Let's shed some light and the truth about what the banks are NOT Telling You. I'm going to expose some truth as to why mortgage rates alone don't save you money and there are tricks that the banks and mortgage lenders use to make a TON of money off of you! Don't let this happen! Here we go... Mortgage Rates: What the Banks AREN'T Telling You Pay Off Your Mortgage In 5 to 7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c Now, chances are... You're either: 1. Looking to Buy a New House 2. Refinancing an Existing Mortgage 3. or... You're just curious about mortgage rates. In any of these cases, your mortgage rate doesn't REALLY matter. Unfortunately, the banks and the mortgage lenders may have misled the general public to think ONLY mortgage rates. The banks don't really care about your general well-being. They want to make money off of you and your lack of understanding of how mortgages REALLY work regardless of the mortgage rates. You may believe that our mortgage rates currently are SUPER low. Which historically, they are low when comparing it to the 1970s and 1980s. However, there's this one thing that we're NOT comparing to: The Amortization Period. Okay... Here's where we Expose The Banks... Today, more and more borrowers are using LONGER amortization period (30 years or more) which has some negative downside when it comes to the accumulative interest that you will end up paying. Even with a low-interest rate of 3-5%, you can expect to pay a high cost for interest on a 30 year amortized loans. This is where the banks make you think that you're getting a "good deal" when you walk out of the bank with a 3% interest rate when in fact, you may not. The next thing that the banks DON'T want you to know is the front-loaded interest payments. When you take a look at a 30-year amortization chart, you'll notice that vast majority of your monthly payments, in the beginning, is going to pay the interest of the mortgage. Now the problem here is not this arrangement but the fact that most Americans today are refinancing or obtaining a new mortgage every 8-10 years. Whenever you refinance or establish a new 30-year mortgage loan, you're resetting the entire amortization schedule where you would be forced to go back to making big interest payments. The banks and mortgage lenders will try to persuade you that you're saving "extra money" by refinancing into a lower interest rate and/or by saving money through lowered monthly payments. But as you can see, this is simply untrue with the fact that you're resetting the clock back to the beginning of the amortization chart and big portion of your monthly payment goes straight to paying the banks. This perpetually leaves you in debt that you can never get out of. Luckily, we developed a tactic and a strategy that doesn't involve in either of the scenarios. Pay Off Your Mortgage In 5 to 7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c 😃 Thanks for Subscribing & Liking our Video! The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom) 📊 GET OUR FREE HELOC STRATEGY CALCULATOR & EBOOK: https://bit.ly/2WZUPpm 💻 JOIN OUR FREE FACEBOOK MASTERMIND GROUP: https://www.facebook.com/groups/bestreigroup GET SOCIAL WITH US: 📣Facebook: https://www.facebook.com/thekwakbrothers/ 📣Instagram: https://www.instagram.com/thekwakbrothers/ 🔊 📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com #mortgagerates #mortgage #refinancing ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.