Seize the Moment
“Mortgage rates have never been lower, ever!” You have seen this statement in the media over the last several weeks and it’s close to being correct. Unlike the period of low rates we experienced in 2009, today’s rates are almost totally market driven and unsupported by the FEDs. Thus we can expect extreme volatility. News on the world scene can send the market quickly in one direction or the other.
Many people have held off, hoping to “squeeze” another 1/8% or ¼% off the offered rate but we are right at the bottom. Rates could quickly loose ground and rise by 1% in a day. Truly, the market is that fragile. The Fed Chairman makes the wrong comment or some country in Europe gets a “junk” rating on their bonds….and the market goes haywire. It will not take much to push rates back into the 6s.
So here’s your opportunity of a lifetime:
1.Refinance now and take advantage of record low rates. A small rate change on a larger loan can generate a worthwhile savings.
2.We can do financing in North Carolina, South Carolina, Georgia, Virginia, W VA, DC, Delaware, Maryland and Pennsylvania.
3.Primary and Second home residences and investment homes are all eligible.
4.If you have an FHA loan, we can do a “Streamline Refinance” with no appraisal and no lender fees and very little money out of pocket.
5.If you owe a little more on your home then you think its worth, we still may be able to help you take advantage of today’s low rates. We support the government “HARP” program which allows people to refinance if they owe up to 105% of the value of their home, with No MI.
Your credit score, loan amount, property type, occupancy, collection of escrows and other factors will ultimately determine your interest rate.
Give me a call today and see if refinancing is right for you.
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