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Find the best possible rates for mortgage loans
March 1, 2009 by eichlert · Leave a Comment
Mortgage rates are near historic lows. Take advantage of the market before it’s too late!
| 30-Year Fixed | 4.875% | (5.105% APR) |
| 30-Year FHA Express | 5.50% | (5.632% APR) |
5 great reasons to refinance today:
- If you have a high interest rate – stop wasting money and get a lower rate and payment.
- If you have outstanding debt - combine it into one lower monthly payment.
- If your ARM (adjustable-rate mortgage) is adjusting - lock in a secure fixed rate.
- If your home needs repairs - get cash out to make home improvements.
- If you’re in a jumbo loan – loan limits have changed - see if you could qualify for a new lower rate.
Benefits of Refinancing
Like most homeowners, you’ve probably heard compelling reasons for refinancing your home:
- Keep your payments stable with a fixed-rate loan
- Lower your interest rate
- Get cash out from your home’s equity
- Consolidate debt
But how do you know if it’s the right time for you to refinance?
I want to help you compare your loan to current loan options and interest rates, and decide if refinancing is the smart move. Once you’re ready to refinance, we can connect you with lenders providing a wide range of home loans including cash-out refinancing. Our lenders compete for your loan by offering mortgage loans that can save you money.
When you are ready to refinance, I can help you enjoy all the benefits of a home loan custom-fitted to your needs!
What’s the best way to get the best deal?
Finding the best deal on both a house price and a mortgage at the same time can be a tricky business. www.eichlerloansonline.com is a valuable tool that will give you a good sense of how comparably sized homes in your neighborhood have recently sold, but every home is different, so get as much information as you can about comparable prices from your broker, the Internet, and friends. Mortgage shopping usually goes hand in hand with finding a new home. The key to success is understanding your own finances and then getting as familiar as you can with different kinds of mortgage products available. And don’t just work with one lender: get recommendations about local brokers and banks from friends and neighbors.
