Real interest charged on a home loan is not exactly the same as the rate you’re quoted, and ninety-seven percent of homebuyers would agree after their loans are explained to them simply and clearly.

QUIZ: Here’s a little quiz to see what you know about the real interest a homebuyer is charged on a 6% mortgage, at a comfy fixed interest rate, and a nice long 30-year loan.

Is Your Mortgage Interest Lower than this?

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The real interest the homebuyer will pay is…

__ a. 6%

__ b. 6.482%

__ c. 18%

__ d. 30%

__ e. 115%

 
Did you make a wild guess? Or do you know the answer?

Here’s a little video I made for you to explain how mortgage interest morphs from fantasy (appealing) to real (shocking).

I hope you had a physical response to that video information. Rather than fainting, your blood boiling would be more productive!

You probably didn’t start out wanting to be a mortgage reform activist, and the good news is you don’t have to. You can revolt on your own, without permission from anyone and without having to join a group that holds too many meetings.

All you need to do is follow a few simple steps to start paying less interest on the home you’re already buying. That’s right: pay less interest. Want to get my insider tips letter? Put in your email address below.

While that may sound a little tricky when it comes to not losing your home or going to jail, it’s quite simple once you know what you can and can’t do as far as your mortgage lender is concerned.

There are several ways to do this. Some you’ve probably heard of or thought of yourself. Others may be quite new to you. Some require discipline. But the best part about it is, several are as easy as grabbing a cup of coffee.

So let’s get started.

Click here to learn some ways to avoid mortgage interest.