Time to Refinance your Mortgage in Florida

Everyone is looking to refinance!

Yahoo has recently listed "home refinance" keyword in its top 10 "trending now" column.

It's no surprise that after years of sitting tight, homeowners are finally realizing that they can lower their mortgage payment and get a lower mortgage rate by refinancing. The lender guidelines have relaxed a bit, so more homeowner and homebuyers qualify for better loan.

But what i don't see is home buyers clamoring to close and snatch up a house before the rate go back up. Low rates are just as much of an incentive to buy a house, as tax credit or low prices.

At 3.875% (no points) that a 15 year loan will give you, most people will save over $200 on their mortgage payment.

30 yr fixed loan runs at about 4.25% with no points with a mortgage broker, such as Faith Home Loans.

The truth is most banks are unable to offer such low rates without a buydown. We have quoted numerous clients in the past few days with the rates being so low and were able to solidly beat all their quotes from Bank Of America and Chase and Citi by at least 0.5%

 

The advantage of refinancing with Faith Home Loans or another broker rather than a bank is the fact that they can shop your rate around multiple lenders for the best one. Banks only have ONE rate.

If you'd like to find out more information about how you can save more than $200 off your monthly mortgage or get a quote on a purchase loan, contact:

Faith Home Loans, Inc

1-800-801-6080

contact@fhlmail.com

or pre-qualify:http://www.faithhomeloans.com/refi.html


re-blogged from www.AndrewOllick.com/realestateblog
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