Mortgage Solutions For You

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*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


client, a doctor who was referred by a colleague, was “shopping” for a new mortgage. She already talked to Bank of America who had their current loan, but after ordering and paying for an appraisal report, she was contacted by Wells Fargo (who had her money) and they offered to give her an even better deal.

This is when she called me with a question–“Can you beat them?”

I obviously could not. The major banks, who laid off thousands of their mortgage related employees, (one of my clients told me that it took him 3 months to refinance his loan with Wells Fargo), are trying to “buy” the depositors by offering artificially low rates on mortgage programs.

But after I met with the couple and discussed their options and plans, I offered alternative solutions.

They decided to choose a loan fixed for 5 years with a substantially lower interest rate, but make the monthly payments as if it was a 30 year fixed rate offered by the banks. As a result, there is a significant reduction of the principal after the end of 5 years. At that time or during, they can refinance again at no out of pocket closing costs to keep their rate low.

Whom do you know that might benefit from our tailored mortgage solutions?

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