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rate lock in: Today's mortgage rates: FHA , VA, Conforming and Jumbo from 3.5% - 09/17/09 12:16 PM
Visit www.joshburley.net for more details
All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 millionAdjustable Rate Mortgage (ARM) Rates5 yr FHA ARM from 3.75%5 yr Conforming ARM from 3.5%5 yr Jumbo ARM from 4%30 yr fixed rate mortgage below $417,0004.5% mortgage 2.375 … (0 comments)

rate lock in: Rates are falling and my rate is locked! What do I do? - 06/26/09 01:50 PM
"I locked my interest rate at 5.5% and now rates are going down, what do I do?"
With rates returning to the 5% level and possibly going lower, many consumers who "locked in" their interest rate over the past 3 weeks are now left asking this very question.
First I must say, that you were not a fool for locking in a great rate in a volatile market when rate were rising. The probability that rates would continue to rise was just as great, if not greater than the chances they would fall. I say to clients all day long :"IF … (0 comments)

rate lock in: What is a float down? - 06/26/09 11:23 AM
A float down is when rates improve after you have "locked in" your interest rate and the lender agrees to float your interest rate down to the market rate for that given day.
Q: Do all lenders offer this?
A: No. Every lender has a different policy. Some do not offer a float down option at all
Q: How do I know if the lender I am locked with will offer a float down?
A: Ask your mortgage broker. Ideally, you would want to ask this question prior to locking.
Q: What do I do if I am already locked and … (0 comments)

rate lock in: 3.75% Rates? Yes, they exist! - 05/05/09 12:07 PM
DID YOU KNOW THAT 5/1 ARM's are available today at 3.75%? and 7/1 ARM's from 4.125%?
With the recent drop in fixed rates since the beginning of the year, no one seems to be talking about Adjustable Rate Mortgages (ARM's).  This is for good reason too, the ARM has received a very bad reputation over the past couple of years. It is the ARM that caused the the subprime meltdown, which caused the credit crisis, which caused the banking crisis, which caused the economic crisis, which led to biggest financial crisis since the Great Depression! I'm pretty sure the ARM also is … (1 comments)

rate lock in: Do I lock in my interest rate or Float? - 04/28/09 09:43 AM
This is the million dollar question right now. The number 1 reason that people who can refinance, are waiting is the expectation or even fear that rates will plummet and they will be stuck with a 4.875% rate. My opinion on this has changed recently. Back in the good 'ol days (2003-2006) I would always recommend locking. Rates were always in danger of shooting up and fast! In August of 2003 we were enjoying the lowest rates we had ever seen, I was offering 5% 30 yr fixed mortgages with NO POINTS and on some days with NO COST. Then one … (0 comments)

 
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Choice Finance®

Rockville, MD

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Choice Finance Corporation

Address: Rockville, MD

Office Phone: (301) 881-8900

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