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mortgage: The Truth About No Closing Costs - 01/28/09 03:40 PM
Here is the short and splenda on how no closing costs mortgages work.  When people hear or read "No Closing Costs," the first thing they ask is, "HOW?"
Especially in a declining interest rate environment I dont think it makes any sense (in most cases) to pay closing costs.   Just like taxes and death you can always guarantee that there are costs associated with your mortgage.  But you do have options.  I always let my clients make the choice of whether or not they want to pay closing costs.   Hold on I know what you're thinking,  "Who would ever want to … (1 comments)

mortgage: But What If Mortgage Rates Get Lower? - 01/17/09 09:43 AM
That is the question I have been fielding from my clients for a month now.  Don't get me wrong,  it's a great question.   But it leads many consumers into a state of "rate lock paralysis."  Many people don't want to lock a rate today out of fear that rates will be lower sometime in the near future.   There are two things I say to these types of borrowers:
I remind them about all the clients who missed out in January of 2008 when rates hit 5.00% for only a short while.   I had dozens of clients who could have saved $200,  … (1 comments)

mortgage: Refinancing in a Declining Rate Environment - 12/07/08 09:25 PM
I am interested to hear what others in the mortgage industry are hearing from their clients about falling interest rates after they are already locked in.  First of all I don't think it is wise to pay closing costs when refinancing so most my current refinances are no closing cost deals.   I try to stress to my clients that when we lock a rate for them as a warehouse lender we are literally setting aside funds for them at a contracted rate.  If rates go up they of course can rest assured that we will honor the original rate lock but on the flip … (0 comments)

mortgage: New Hampshire and Massachusetts Mortgage Rates - 11/04/08 08:53 PM
Many of my clients enjoy the mortgage rate lock advisory that is on my website and is updated daily as an RSS feed.  Below is an example of today's mortage interest rate lock advisory and it can be found here: http://www.justinperry.net/DailyRateLockAdvisory.   If you would like to add this RSS feed to your site just let me know.  As a disclaimer I do not construct these rather I use them as a tool. 

Rate Lock Advisory - Tuesday Nov. 4th
Tuesday's bond market has opened up slightly despite sizable stock gains during early trading. The stock markets are strong this morning with … (0 comments)

 
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Justin Perry

Portsmouth, NH

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Mortgage Banker

Office Phone: (603) 570-4897

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