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Some Interesting facts about Mortgage Loans

 

Did you know .....

  • There are 52 million homeowners in the US with mortgages and nearly 90% of those are 30-yr mortgages?
  • That after the first 15 yrs of making payments on a 30 yr mortgage , nearly 75% of the principal is still owed?
  • That it takes nearly 2 1/2 times the original mortgage amount to pay off a 30 yr loan? That means a $200,000 mortgages will cost you on average $500,000 after 30 yrs.


 

 

 

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For more information please call:   Floyd Kitzmann, LUTCF
District Representative for Rochester and Southern Minnesota

(507) 732-7722
Email: info@nmbkitzmann.com
 



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