Best Time Of The Year To Do This…

By
Mortgage and Lending with Berkshire Lending, LLC

small-brett-pic2If you have been considering refinancing your FHA loan we are at the best time of the year to do that.

With Conventional loans we have more flexibility to roll closing costs and prepaids into a loan.
FHA has strict rules on what can be rolled into a refinance loan. So, with FHA often times you end up bringing money to close on a refinance because we are limited on the maximum loan amount.

Once your current mortgage servicer pays your property taxes, then we only have to prefund your new escrow account with three months of taxes. …This is the lowest it will be all year.

The property tax bills are being paid this time of the year. …Hence, a good opportunity to refinance.

That’s it for today.

Thanks for reading!

Brett

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Comments (2)

Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Good information...hope you get a ton of calls....I hope your week is a good one after the holiday!

Nov 29, 2015 10:42 PM
DEANNA C. SMITH CERTIFIED MOBILE NOTARY
Certified Mobile Notary Signing Agent - Smith Mountain Lake, VA
Highest Ranked Certified Mobile Notary in Virginia

Brett Sampson is right, NOW is a good time to consider refinancing

Dec 02, 2015 09:26 AM