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If you are paying on a mortgage, you might be interested in this info.My DS, David, sent me this info today and told me to tell everybody I know about it (he's in the real estate and mortgage business)..........
If you have not had time to pay attention to what is going on in the mortgage business (and they aren't telling anything good on the news but there is good news out there)......... right now is a golden opportunity for homeowners.
David just refi'd his house for 4.4% (it was 6.2%). It will save him thousands and thousands of dollars. It lowered his payments so much that he just went ahead and did a 10 yr loan rather than a 30 so that saved him even more but that was just his choice.....you can leave it at 30 or change it to however many years you want.
He sent me an email yesterday and said for me to tell everyone I know that they need to check on it ASAP......he said it didn't really matter if if credit wasn't good, it likely WILL NOT matter. All FHA cares about is the last twelve months worth of house payments have been made and that they have not been more than 30 days late. They can do it a NO COST refi and it could save a ton of money every month.
If you are interested, you can call a mortgage company that does FHA loans and talk with them about it .It's a simple process and is well worth the effort.
30 year rates are at about 4.9% but that will probably last a VERY short period of time. Get on it NOW. Tell anyone else you know with a mortgage. This is a golden opportunity for people to save a lot of money and to lessen the pressure on their monthly expenses. !
If you have not had time to pay attention to what is going on in the mortgage business (and they aren't telling anything good on the news but there is good news out there)......... right now is a golden opportunity for homeowners.
David just refi'd his house for 4.4% (it was 6.2%). It will save him thousands and thousands of dollars. It lowered his payments so much that he just went ahead and did a 10 yr loan rather than a 30 so that saved him even more but that was just his choice.....you can leave it at 30 or change it to however many years you want.
He sent me an email yesterday and said for me to tell everyone I know that they need to check on it ASAP......he said it didn't really matter if if credit wasn't good, it likely WILL NOT matter. All FHA cares about is the last twelve months worth of house payments have been made and that they have not been more than 30 days late. They can do it a NO COST refi and it could save a ton of money every month.
If you are interested, you can call a mortgage company that does FHA loans and talk with them about it .It's a simple process and is well worth the effort.
30 year rates are at about 4.9% but that will probably last a VERY short period of time. Get on it NOW. Tell anyone else you know with a mortgage. This is a golden opportunity for people to save a lot of money and to lessen the pressure on their monthly expenses. !
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