Mortgage bonds rebounded, a little, today after a wild ride. Make no mistake, the Fed will end the purchase of MBS on Wednesday, 3/31. Bernanke also indicated that the Fed would switch sides and become sellers of MBS VS the buying mode they have been in for over a year. This could have upward pressure on rates.
We have one of the best deals on construction-perm loans in the market. We will lend 80% on second and primary home construction and we lend our money up front. Neither the builder or the buyer has to put there money in the transaction, until the home is completed.
A buyer can also buy the lot with the construction loan as long as the entire process is completed in 1 year.
Quick builder approvals and great terms during construction. Call or e mail Vince Bacchi for details. 910 352 6562 or union-mortgage@atmc.net
No comments:
Post a Comment