Since the middle of December we have been delivering our own version of the stimulus to many of our clients. That is: we have been refinancing a lot of loans. It slowed a little the last two or three weeks when rates crept upward. But they have dropped back some again. We really don’t think you will see them get much lower if any. And picking the bottom of mortgage rates is like trying to outguess the stock market. Here are many reasons to take a look at it.
Lower rate and payment
Lower number of years
Pull out cash to pay off higher rate debts
Pull out money to improve your home
And you may have another idea. I don’t charge to run the numbers for you. Just call 615-777-HOME (4663) or e-mail george.margrave@migonline.com
Here is what I need to know:
Your best guess as to value of your home.
Loan balance of first mortgage and monthly payment
Balance for second mortgage and monthly payment
Annual taxes
Annual insurance
Approximate credit score
Would you like some cash from the loan and if so how much?
Would you want to add the closing cost to the loan?
How many years do you want me to figure?
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