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Tell Everyone About the Refinance Rates....I Want to Help

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Mortgage and Lending

 Please Let Me Help You, Your Family & Your Friends Take Advantage of These Rates

John Saari "The Mortgage Buddy" 508-740-7445

What an absolute crazy week in the stock market and in the mortgage industry. The Fed said yesterday that they are going to keep interest rates low until the middle of 2013. That's absolutely fantastic news for the housing market. The hope is that the economy can grow itself back to dominance with more job growth, and at the same time keep the rates attractive enough to clear out some of this inventory.

It's also the best time ever to refinance. If there are still people out there who for whatever reason have not taken advantage of this low interest rate environment the time is now. 30yr fixed rates are at 4%. That's absolutely amazing. I have been working 14 hours a day this week trying to contact as many people as possible and get them motivated about the possibility of freeing up more money for them on a monthly basis.

There are Obstacles Yes But Their are Several Mortgage Products

FHA Streamline Refinance: Refinance your current FHA loan without having a new appraisal. This is a fast 3 week process. You can lower your rate, and get a month off on your mortgage payment.

 

Fannie Mae/Freddie Mac: Both mortgage holders have expanded guideline programs that will go to 105% of the value of your home. There are a couple of banks that will actually go up to 125% of the value.

Don't let the news of low home values scare you.

These are historic times for rates. Take advantage of this opportunity.

CALL ME 7 DAYS A WEEK 8AM to 10PM  John Saari 508-740-7442

 

Posted by

 

John B. Saari


 

Direct Cell: 508-740-7442

Secure Fax: 781-503-1478

The QR Code To My Published Mortgage Application freemortgagebuddy

 

Comments (6)

Rodney Mason, VP of Mtg Lending
Guaranteed Rate NMLS# 2611 - Atlanta, GA
AL,AR,CA,CO,FL,GA,IN,MI,MS,NC,SC,TN,TX,VA

It's been a crazy market the last few days.  Lets hope rates stay for a little while at least.

Aug 10, 2011 03:32 PM
Rebekah Radice
Imagine WOW! Digital Marketing Agency - Burbank, CA
Social Media Marketing, Coaching & Training

I agree - crazy week and even crazier time for mortgage rates but what a fantastic time for anyone interested in refinancing that's been on the fence.

Aug 11, 2011 04:01 AM
Christine Koch
eXp Realty - San Antonio, TX
Realtor - eXp Realty San Antonio TX

Great info here on the loan products available.  Lots of re-fis should be coming your way!

Aug 11, 2011 04:04 AM
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

John...those rates are amazing.  People were closing in the 5s thinking they were good.  How recent can someone have purchased & refinance?  I'm thinking of some of my FHA buyers from last year.

Aug 11, 2011 10:05 AM
John Saari
Worcester, MA
"The Mortgage Buddy"

Thank you everyone for your comments. FHA loans can be refinanced every 6 months if there is enough benefit to the borrower.

Aug 11, 2011 10:14 AM
Al Raymondi
Ocean View Realty Group in Ormond By The Sea Florida - Ormond Beach, FL
Ormond By The Sea Florida - Home and Condo Sales

Great advice John, everyone that has a good income and a mortgage rate higher than 6% should refinance to take advantage of these low rates.

Aug 11, 2011 02:11 PM