Interest Rates Drop–Lock Now!

Q: I noticed that interest rates seem to be a bit lower lately. Is this a new trend? We have a $389,000.00 30 year fixed at 3.5% with a payment of $2,245.00—should we wait or lock now? How much can we save on our monthly payment? Can we pull $50,000.00 cash out too?...

Who Can Still Benefit From Refinancing?

Q: I have three properties at various rates over 3%. My primary residence has a $320,000.00 loan at 3.375% and my rentals are at 3.875% and 4.25%. Are there still good options for me to refinance these loans for lower payments? A: YES! There are many good options for...

Our Waiver Strategy and Appraisal Delays

Q: Why have you gone from 30 day locks to 60 days? Can I close my purchase in a shorter time? Should my son wait to refinance? A: Historically low mortgage rates have created the biggest refinance boom we have ever seen. The glut in appraisal orders has resulted in...

Why Does Refinancing Take So Long?

Q: I am refinancing a rental property in order to get a larger down payment for the purchase of a new primary residence. It seems like it’s taking forever! Why does it take so loan to refinance? Why am I being asked for more statements? Can I close my purchase loan...

Strategies for Paying Off Faster

Q: How can I pay my home off faster without taking risks and squeezing my cash flow? A: Equity building and early pay off strategies often vary according to how much we owe, our income and job stability, our age and overall financial, retirement and real estate goals....