Do Not Miss This Refinance Opportunity
We are in a unique situation in the mortgage industry at the moment. Interest rates are at an all-time low. Coronavirus is panicking the financial world, and that causes investors to dump their money into bonds, which are much more stable investments than stocks. As the demand for bonds increases, the interest that is paid on those bonds (the yield) goes down, and that means mortgage rates go down.
Here’s what you should do about it.
Lower Interest Rates
If you currently have a mortgage, and you haven’t refinanced recently, chances are very good that the current interest rates are lower (often much lower) than the interest rate you have now. It would be a very wise decision to see how much you can save if you refinance into a lower rate mortgage or a shorter-term mortgage.
We don’t need a full loan application to tell you how much you can save. All we need is a little bit of information about your current mortgage, your current homeowner’s insurance policy, and a rough idea of what your credit score is. We can then tell you how much you can save. It’s easy, it’s free, and it could be one of the best financial decisions you have ever made. Many of our refinance clients are saving more than $100,000 over the life of their loans. That is a lot of money that will come in handy at retirement time.
This is also a great time to tap into the equity you have built up in your house. Now is the time to get super-cheap money for home improvements, debt consolidation, or any other reason that’s important to you.
If you don’t currently have a house, but are looking to buy a house, now is the time to get pre-approved for a mortgage and get out there house hunting.
Contact us today to get started. You will be very glad you did.