Most people don't think a half a p ercent is a big deal. It's such a small number. But, $35,601.07 is a big number. That's how much you save on $500,000 mortgage if you can save 0.50% per year. That's a 7.1% discount on the total cost of the mortgage. But don't think of it as $35,601.07
Think of it as an opportunity. Close your eyes for a second and think about what you could do with an extra $35k over the next 25 years. Vacation more often? Drive a nicer car? Invest it and pay taxes? Now let's take it one step further.
What if you could save double that amount? Or triple that amount by beating the bank at their own game? Now what could you do with that kind of money over the next 25 years? 0.50% looks and feels a lot more
significant now doesn't it? But is it possible?