## What Does it Cost?

There are two ways this is costing you.

1. You are

1. You are

**bringing in more money to close escrow**than you should be or need to be. In some cases, that amount could be**$8,000 or $12,000**that**you could have**kept in your own pocket. See examples here.2. You end up

On a $400,000 loan, that is a difference of $86.14 a month and over 30 years it's a difference of $31,008.14.

Now, imagine saving $1,033.68 a year for 30 years and it growing at 8% a year, after 30 years

This is just one example, but you can see how by taking a slightly higher interest rate than what Derek could offer you,

**taking a higher mortgage rate than you nee****d**to because you are working with somebody offering you**retail mortgage rates**. For example, if Derek and his team are able to get you a rate of 3.75% (APR) and the other mortgage company you are talking to is giving you a rate of 4.125% (APR).On a $400,000 loan, that is a difference of $86.14 a month and over 30 years it's a difference of $31,008.14.

Now, imagine saving $1,033.68 a year for 30 years and it growing at 8% a year, after 30 years

**you would have an extra $125,695.99**all because you decided to get a lower, wholesale mortgage rate and not a retail rate from the in house lender, the direct lender or bank you were referred to.This is just one example, but you can see how by taking a slightly higher interest rate than what Derek could offer you,

**you could potentially be losing out on over $125,000 for your retirement**(and we will ALL need as much as we can get).