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Take Our Advice, Follow Directions When Applying For A Mortgage
I don’t normally write about this sort of thing – but I think we need to have a quick “fire side chat.”  By that, I mean that I think it’s important for you to know what’s really happening over here in Mortgage World, behind the curtains… and I want to suggest that right now, more than at any other time – if you are getting a mortgage, you need to take our advice.
Mortgage World is slammed.  Interest rates dropped, and people decided to refinance.  We haven’t had that many refinances in the last year.  But PMI rates have gone way down since 2016.  I just saw a monthly PMI payment of $246 go all the way down to $69 a month.
This monthly PMI saving, along with the ability to pay off Student Loans (or do any number of things with the Equity in your home)… means most of your neighbors have been calling.
It was a late Spring – meaning homes that would typically be on the market in March or April came on the market in May and June, as rates started dipping.  The Wall Street Journal confirmed today that the, “Average rate on a 30-year, fixed-rate mortgage was 3.75% last week, down from 4.94% in November.”
What does all of ... more

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