Uploaded August 2020 | Updated September 2026, 2 weeks ago
If you own a home, you have probably received junk mail claiming to be able to save you $100 $500 or even $1,000 a month on your mortgage payments by refinancing your home mortgage. Many of these letters are practically a scam. What they don't tell you in the letter is that they will be charging you 2% to 6% of your mortgage value in "closing cost" which will be added to your debt to the bank. They also don't explain to you that often times to get the advertised interest rate, you need to buy "points" which have an upfront cost that is once again added to your mortgage debt. Sometimes it does make sense to refinance in order to lock in lower interest and to determine that, you need to do a break-even analysis on your new interest rate.
---------------🔻Watch Next🔻---------------
10 Hacks To Pay Your Mortgage Off Early youtu.be/76jZnXeW3dY
💰 Real Estate Financial Strategy Videos youtube.com/watch?v=76jZnXeW3dY&list=PLmqIiuU82MVwbWrrikRgJV-CWwHT0NqFr&index=2&t=58s
💵 Personal Finance Strategy Videos youtube.com/watch?v=J80JBV1FdPQ&list=PLmqIiuU82MVwfP8Kg0YJaFg9wIgYzCPjv
🏘 Real Estate Investing Strategy Videos youtube.com/watch?v=cJzsv4rnRzI&list=PLmqIiuU82MVzcgNhZH1DOapMFca7fYJZy&index=2&t=3s
🏠 Real Estate Buying & Selling Tip Videos youtube.com/watch?v=SKBxVTWuwC0&list=PLmqIiuU82MVzVTMHtcw0ARLoraGiBQJtP&index=2&t=0s
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---------------🔻For Real Estate Agents🔻---------------
Sign up for my YouTube Lead Gen For Real Estate Agents Course here
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Schedule a 1 hour YouTube consultation with me here
youtubeleadgen.thinkific.com/courses/channel-consultation
Join the Real Estate YouTube Mastermind Facebook Group
facebook.com/groups/YouTubeLeadGen
Thinking of joining Keller Williams Realty or getting your Real Estate License? Let's schedule a zoom call and I'll tell you what I love about it! Email me at malcolm.lawson@kw.com
✅ The camera I use: Sony A7iii amzn.to/2YH1zbn
✅ The lens I use: Sigma 16mm f1.4 amzn.to/3lkSuP4
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---------------🔻Buying or Selling a Home In Maryland🔻---------------
🏠 WANT TO TALK REAL ESTATE? Fill out this contact form here livinginmaryland.com/contact
🏠 SEARCH FOR MARYLAND HOMES FOR SALE
livinginmaryland.com/advanced-search
🏠 FREE HOME VALUATION
livinginmaryland.com/home-value-analysis
🦀 Learn More About Living In Maryland Here livinginmaryland.com/real-estate-blog/category/maryland-lifestyle
Malcolm Lawson
The Lawson Group
Keller Williams Flagship Of Maryland
📞C:410.443.8140
📞O:410.972.4000
📧malcolm@LivingInMaryland.com
🖥LivingInMaryland.com
#RealEstate #Finances #Money #Mortgage #Refinancemortgage
If you own a home, you have probably received junk mail claiming to be able to save you $100 $500 or even $1,000 a month on your mortgage payments by refinancing your home mortgage. Many of these letters are practically a scam. What they don't tell you in the letter is that they will be charging you 2% to 6% of your mortgage value in "closing cost" which will be added to your debt to the bank. They also don't explain to you that often times to get the advertised interest rate, you need to buy "points" which have an upfront cost that is once again added to your mortgage debt. Sometimes it does make sense to refinance in order to lock in lower interest and to determine that, you need to do a break-even analysis on your new interest rate.
---------------🔻Watch Next🔻---------------
10 Hacks To Pay Your Mortgage Off Early youtu.be/76jZnXeW3dY
💰 Real Estate Financial Strategy Videos youtube.com/watch?v=76jZnXeW3dY&list=PLmqIiuU82MVwbWrrikRgJV-CWwHT0NqFr&index=2&t=58s
💵 Personal Finance Strategy Videos youtube.com/watch?v=J80JBV1FdPQ&list=PLmqIiuU82MVwfP8Kg0YJaFg9wIgYzCPjv
🏘 Real Estate Investing Strategy Videos youtube.com/watch?v=cJzsv4rnRzI&list=PLmqIiuU82MVzcgNhZH1DOapMFca7fYJZy&index=2&t=3s
🏠 Real Estate Buying & Selling Tip Videos youtube.com/watch?v=SKBxVTWuwC0&list=PLmqIiuU82MVzVTMHtcw0ARLoraGiBQJtP&index=2&t=0s
---------------🔻Free Money Bonuses🔻---------------
The following links are all services I personally use and recommend. These are affiliate links so by using them you get a bonus and are supporting the channel at the same time.
✅ Get 2 FREE STOCKS when you sign up with WeBull 👉bit.ly/2QSAqYji
✅ Claim your $10 worth of Bitcoin here 👉 coinbase.com/join/lawson_p7g
✅ Receive $10 by creating an account with M1 Finance 👉https://m1.finance/m1dGhmU1uNTV
✅ Sign up for Robinhood & get 1 FREE STOCK 👉bit.ly/35BrUIy
---------------🔻For Real Estate Agents🔻---------------
Sign up for my YouTube Lead Gen For Real Estate Agents Course here
youtubeleadgen.thinkific.com/courses/YouTubeLeadGenForRealEstateAgents
Schedule a 1 hour YouTube consultation with me here
youtubeleadgen.thinkific.com/courses/channel-consultation
Join the Real Estate YouTube Mastermind Facebook Group
facebook.com/groups/YouTubeLeadGen
Thinking of joining Keller Williams Realty or getting your Real Estate License? Let's schedule a zoom call and I'll tell you what I love about it! Email me at malcolm.lawson@kw.com
✅ The camera I use: Sony A7iii amzn.to/2YH1zbn
✅ The lens I use: Sigma 16mm f1.4 amzn.to/3lkSuP4
✅ The microphone I use: Rode Videomic Pro amzn.to/2D5JGva
✅ The live Stream Mic I use: Blue Yeti X amzn.to/3gDNsd5
✅ The lights I use: 2,000 Watt Soft-Box amzn.to/2QA1MbX
---------------🔻Buying or Selling a Home In Maryland🔻---------------
🏠 WANT TO TALK REAL ESTATE? Fill out this contact form here livinginmaryland.com/contact
🏠 SEARCH FOR MARYLAND HOMES FOR SALE
livinginmaryland.com/advanced-search
🏠 FREE HOME VALUATION
livinginmaryland.com/home-value-analysis
🦀 Learn More About Living In Maryland Here livinginmaryland.com/real-estate-blog/category/maryland-lifestyle
Malcolm Lawson
The Lawson Group
Keller Williams Flagship Of Maryland
📞C:410.443.8140
📞O:410.972.4000
📧malcolm@LivingInMaryland.com
🖥LivingInMaryland.com
#RealEstate #Finances #Money #Mortgage #Refinancemortgage
