Today’s Market Special

What’s New for Wednesday?


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* Loan is amortized over 30 years. Interest rate is fixed for 5 years. Credit score is 720. (Credit score can be as low as 660 with an increase in closing costs.) Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


John and Kim had a loan fixed for 5 years at the interest rate of 4.125% since 2011. John called me six months ago, since he wanted to buy another property. When we ran his credit report, we discovered that his credit score dropped to 625 because of some mix-up in payments. I referred him to a person who helps restore credit scores.

When we ran his credit again six months later, his score went up to 767. At the same time, I checked interest rates and we could refinance his $1,350,000 loan to 3.00%, lower his monthly payments by $851, and extended the loan life for 5 years without any out of pocket closing costs, and with no prepayment penalty. In addition, I was able to secure a line of credit for them of $50,000.


Do not keep me as a secret.

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