Ring..Ring…Buzz…Buzzz….Beep…Beep.. Hello????????
In case you have not been paying attention mortgage interest rates have been up, down, way up, a little back down , way up again, a little back down. At this time it appears, MAYBE for the LAST TIME, The mortgage rates are tumbling close to their lows. I know I am starting to sound like a broken record but I cannot stress the importance of the urgency to lock into your mortgage interest rates ASAP. Protect yourself from inevitable future mortgage rate increases……The time is now to time the market and lock in.!
If you are thinking about refinancing your current mortgage interest rate into a lower rate, whether your current mortgage is a fixed rate and you want a lower fixed interest rate or if it is an adjustable rate and you want to lock in long term to a fixed rate , or possibly you may want to refinance into an adjustable rate from a fixed rate if you do not think you will be in the house in 5-7 years from now. The time to lock is NOW. If you have a 30 year mortgage and you want to shorten your term to a 15 year mortgage, the time to lock is NOW.!
If you currently have an FHA loan, FHA has a loan program available called a streamline refi where you may not need an appraisal, you may not need to supply income documentation, FHA rates are almost the same if not the same as conforming mortgage interest rates, the time to lock is NOW.!
If you purchased your home a yr or two ago and you put 20% down and now the value of your home has decreased to a point where your loan to value is 85, 90-95- 100 % we may have a program for you to refinance your current mortgage rate into a lower interest rate and NOT have to pay any mortgage insurance. Both Fannie Mae with their DUREFIPLUS Loan Program and Freddie Mac with their Relief Refinance Mortgage program, owners of conforming mortgages offer programs for a limited time only, where they will allow to refinance into a lower interest rate and still not be required to pay mortgage insurance even if the value of your home has declined since you purchased it. This program is also available if you were one of the fortunate people to take advantage of the conforming jumbo loans. The time to LOCK is NOW!
If you want to purchase a home whether a 1st time home owner and taking advantage of the Federal Tax Credit, need a larger home for your growing family, need a smaller home do to down sizing because the kids are gone on their own. The time to LOCK is NOW!! FHA has loan program for as little as 3.5% down payment.
Conforming loan programs are available up to 95% loan to value. Conforming jumbo loan programs are available up to 729,750 and up to 90% loan to value (depending on your area) The time to LOCK is NOW
Loading ...
Twitted by TotalMortgage
July 23, 2009 @ 12:04 pm
[...] This post was Twitted by TotalMortgage [...]
» Mortgage Interest Rates: The Time to Lock is Now | Mortgage Rates … » Mortgage Insurance
July 23, 2009 @ 3:43 pm
[...] news by Dave Jefferlone What is an 80-10-10 mortgage loan? | [...]
mortgage interest rate
November 7, 2009 @ 1:21 pm
Today is Saturday and when I Googled mortgage interest rate it brought me to your page. Thank you for this post.