The headlines of an Associated Press article found on MSNBC.COM this morning shouted "MORTGAGE RATES AT LOWEST IN FIVE DECADES". This article reported that the last time we saw rates this good was in the 1950's.
But also reported within the article? Low rates are still not causing much of a stir amongst consumers. They're just not taking action.
I am here to make the plea to all current homeowners ... or those thinking of entering the housing market for the first time ...
PICK-UP THE PHONE OR CONTACT A PROFESSIONAL MORTGAGE LENDER TODAY!
If you currently own a home and hold a mortgage, make that call! Have a complete and thorough Mortgage Planning session (which should include a FREE credit report) with your current lender ... or find a new mortgage lending professional that offers this service. POINT TO NOTE: IT SHOULD BE A FREE SERVICE! 
It is so very important that you take this action at minimum once per year. My objective when performing my mortgage planning sessions is not to sell you on any action or new loan. It is to review the current status of your credit, your mortgage program, your finances as a whole ... and how they all impact one another. It is a discovery session and chance to communicate.
The end result of our session should be one of two positive things. The best result is that we discover you are in the optimum financial position for your personal scenario at that time. That means the best mortgage program available to you, your credit is in good shape, and no errors found upon it.
The second result is one where ACTION is being taken to improve your financial positioning. Discovery has been completed and courses of action are being discussed. Suggestions to increase credit scores or correct an error discovered on your annual report may have been made. New options or positioning regarding a lending program are being discussed for possible future action. Details, such as PMI and escrow accounts, have been reviewed and assessed. Wheels are in motion to enhance y
our financial health in some manner.
Again ... this Mortgage Planning session should be a FREE annual service from your mortgage lender. The cost to you to should be nothing except your time. These annual reviews can easily be held in the comfort of your own home ... so it would be un-wise NOT to take advantage of this pro-active action.
For those thinking of entering the housing market for the first time, it is very important that you talk to a mortgage lender in advance to starting the search process. Communication with a lender in as much as 6 to 12 months ahead of your planned target starting date is very good.
When started this early, a professional mortgage lender can begin you on the best and smoothest path to homeownership. Credit histories can be better established, FICO scores can be addressed and improved, errors found on credit reports can be corrected, debts can be paid down in the manner to best maximize your credit scores.
As with the Mortgage Planning ... pre-qualification for homebuying should be FREE or at maximum, the cost of running a credit report. The more preparation done ahead of the actual property search and transaction processing, the better the conclusion and outcome will be for you. And with the service being FREE ... why n
ot contact a lender?
It may seem cliche' to relate this message once again ... but these unbelievably low rates cannot last forever. History has proven that. SO IF AT ALL POSSIBLE ... now is the time to see if you can take advantage of these rates and benefits.
Pick-up that phone. Text that plea for help. Write that email. Start today to find out what possibilities are available for you ...
Comments(11)