By Sheila Johnson
Many Buyers pay far more attention to Asking Price, and far less attention to interest rates. Interest rate is a big contributor to Monthly Mortgage. You may save 5 - 10 - 15 thousand dollars on asking price, this is a fraction of what you can save by finding a lower interest rate. Interest rate unless re financed, will stay in your life for 15 or 30 or 35 years - The life of the mortgage. 5.5% vs 7.0% will save 50 thousand dollars or more, depending on the price of home. Buyers please pay more or just as much attention to the interest rate as you pay to Asking Price. Calculate Mortgage scenarios using calculators on sites like Dallas Texas Real Estate click "mortgage calculator"