| We know that each customer has specific needs, so here at Tom Butler and Associates, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving you the mortgage information, loan options and convenient assistance you're looking for. With a variety of loan programs and an established network of lenders behind us, we will find the loan that best suits your needs, at a very competitive rate. We offer conforming, non-conforming and government loan programs. Let Tom Butler and Associates Services guide you through the home buying or refinancing process, and provide you with the best service available. |
Tom Butler and Associates
Specialists in the Mortgage Industry since 2003
| Prequalification Wizard My Prequal is our multi-step service that will ask you a series of questions and provide mortgage payment and ratio calculations to help determine your home purchase or refinance prequal status. Request a Prequal Use our Custom Prequal Analysis form to send us your prequalification request for analysis by our staff of mortgage professionals. Prequal Library If you need more information, check out these prequal calculators: How Much Can I Afford? How Much Income Do I Need To Qualify? More Calculators |
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| Contact Tom Butler and Associates at: 801-593-9480 E-Mail - tombutlerandassociates@yahoo.com |
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| We guarantee the lowest rates and will prove it. If you have a good faith estimate we will typically beat the rate by .250 to .750 because of our integrity!!! Our closing cost are the lowest in the industry, sometimes no points at all... Call us for a free mortgage analysis. With interest rates down we are saving people around $80,000 per re-finance. Call us and find out how! |
| Tom is also an entertainer who sings and dances.. Check out some of his videos at www.youtube.com/tombutler47 |
| Tom's link to his "You Tube" Channel... Where you can see videos of his other career... Singing and Dancing |
The Following are figures showing how much interest you will pay when the loans are amortized over
the certain number of years at the various rates!!
Years Rate Mo. Pmt. Avg mo. Int. Total Int/Pmts.
10 4.875 $1,581 $331.00 $39,820.00
15 5 $1186 $352 $63,514.00
20 5.375 $1021 $396 $95,104.00
30 5.750 $875 $459 $165,129.00
As you can see, in most cases you are better off dropping the length of your mortgage. Some say they need
the interest write-off for tax purposes however now-adays it makes more sense to pay yourself the savings on
the interest as opposed to the lender or financial institution.
Take for example dropping from a thirty-year mortgage to just a twenty... First of all you payment does not go
up near as much as most people think, especially if you only have approximately 27 more years left to pay.
Your payment does go up a little bit, however you knock off 7-years of payments which is $73,500.00, of
course we have to subtract the additional amount you pay per month from this figure which is:
$73,500 Savings by taking 7 years off!!!
- $16,464 Higher monthly payment, $196.00 more per month!
$57, 036 Interest savings by dropping to a lower term
the certain number of years at the various rates!!
Years Rate Mo. Pmt. Avg mo. Int. Total Int/Pmts.
10 4.875 $1,581 $331.00 $39,820.00
15 5 $1186 $352 $63,514.00
20 5.375 $1021 $396 $95,104.00
30 5.750 $875 $459 $165,129.00
As you can see, in most cases you are better off dropping the length of your mortgage. Some say they need
the interest write-off for tax purposes however now-adays it makes more sense to pay yourself the savings on
the interest as opposed to the lender or financial institution.
Take for example dropping from a thirty-year mortgage to just a twenty... First of all you payment does not go
up near as much as most people think, especially if you only have approximately 27 more years left to pay.
Your payment does go up a little bit, however you knock off 7-years of payments which is $73,500.00, of
course we have to subtract the additional amount you pay per month from this figure which is:
$73,500 Savings by taking 7 years off!!!
- $16,464 Higher monthly payment, $196.00 more per month!
$57, 036 Interest savings by dropping to a lower term
WHEN YOU NEED TO REFINANCE YOUR HOME, DO YOU THINK YOUR CURRENT LENDER
WANTS TO SHOW YOU THE SAVINGS BY DROPPING YOUR LOAN TO A TWENTY-YEAR
MORTGAGE?
They do not! If your current lender is also a mortgage lender, obviously it is to their best interest to
take you back up to a 30 Year Mortgage because they make a lot more money on the interest. (See
figures below...)
The interesting thing we have learned is that, "if you don't ask them to run some numbers for you...
they won't"!!
We work with over thirty different lenders so we can definitely get you a lower rate and will gladly show
you the advantages to taking years off of your mortgage...
Sincerely, Tom Butler
WANTS TO SHOW YOU THE SAVINGS BY DROPPING YOUR LOAN TO A TWENTY-YEAR
MORTGAGE?
They do not! If your current lender is also a mortgage lender, obviously it is to their best interest to
take you back up to a 30 Year Mortgage because they make a lot more money on the interest. (See
figures below...)
The interesting thing we have learned is that, "if you don't ask them to run some numbers for you...
they won't"!!
We work with over thirty different lenders so we can definitely get you a lower rate and will gladly show
you the advantages to taking years off of your mortgage...
Sincerely, Tom Butler
| SO AS YOU CAN SEE, BY DROPPING 7-YEARS OFF OF YOUR MORTGAGE, YOU ARE IMMEDIATELY ADDING A LOT MORE EQUITY TO YOUR PERSONAL BANK ACCOUNT!!! Feel free to use the mortgage calculator below to run your own numbers a see how much you will save!!! And refer us to your family and friends and receive a $50.00 Gift Certificate to Wal-Mart!!! |
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