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....

Inaccurate News On Rates

While Stocks Looking For Excuse To Rally Confuses Consumers Q: What is realistic for a 30 YEAR FIXED NO COST LOAN OF $450,000.00? I can’t get straight answers from online lenders and I trust you to give accurate information. A: Today a NO COST 30 year fixed for a loan...