Homeowners Being Ripped Off by their current mortgage company?

capitolNew lending programs are allowing homeowners to lock in a low rate mortgage before the Fed increases interest rates
Wednesday, March 12, 2014

When homeowners visit the Amerivalue™ official website, they may be shocked at the low interest rates available to them. Many are also surprised that in less than 2 minutes they can get a quote on a low-rate fixed mortgage with No Appraisal Necessary. Best of all, homeowners who use this free service will be able to compare rates from at least 4 lenders that match their scenario. Banks are anxious to start lending during the upswing of the current housing market and while rates may never be this low again.

text-ad

The recent spike in mortgage rates has homeowners scrambling to save thousands over the next several years by locking in a rate today. Many homeowners are just now recuperating from seeing their home values plummet in the past, to finally seeing positive equity, and are concerned they won't be eligible to refinance into a low-rate mortgage before rates begin climbing higher.
The Fed lowered short term rates several years ago to near zero in an effort to revive the economy and now that we are seeing a recovery it's expected we will begin to see rates escalate to normal levels. Historically, rates on 30 year loans are usually between 5.50%-7.25% and higher. Below is the difference on a $200,000 mortgage for a 30 year term at an available rate today of 3.25% vs 6.75%.

refi-infographic2flat
There is good news though, lenders are eager to refinance home loans into low interest mortgages while they are still available. Additionally, new programs have been issued to assist homeowners with low to negative equity. However, not all lenders are equal and not all lenders have access to these loan programs. The best way to find a lender that can offer you a Conventional, Non-Conforming, Jumbo or FHA mortgage is by using an unbiased loan comparison source. 

Actions-help-hint-iconTIP: Finding these lenders and having them compete for your business is the key to getting the lowest rate possible.
Luckily in today’s competitive environment, companies like Amerivalue™ have setup portals that connect you to every type of lender who wants your business. Now everyone has access to their best rates thanks to free comparison services like Amerivalue. You can access this free service to receive rate quotes that match your criteria.

Comments

  1. UnknownJune 14, 2014 at 4:25 AM

    You will discover which the mortgage broker possesses ready information on various house loan delivers which the financial institutions supply which might help inside you determining the best rate mortgage

    ReplyDelete
  2. UnknownJune 14, 2014 at 4:31 AM

    The most prevalent house loan conditions tend to be the quantity of a long time the actual house loan will likely be paid off (typically 15 or thirty years) along with the rate.
    low rate mortgage

    ReplyDelete

Post a Comment

Popular posts from this blog

THE GARAGE - Presents: The Black Mall (Baltimore's Black Business Expo!)

Image
The Baltimore Scene Presents... THE BLACK MALL Two floors of A Black/Market Place. Wellness through Massage and Aroma therapy.   Michele Massage Therapist Chelewil@gmail.com I was invited out to the Sunday, October the 14th 2023 Expo and it was spectacular. Everyone was warm and welcoming! Business owner were from all over the country and Maryland to share with Baltimore it's all natural products to include:   This one is for you that have children (Little Girls) that would like to have something to do this winter and next summer. For you mom's our there that would like to get your daughters involved in any after school activities. Please reach out to this loving sister at: bfreemobiledance@gmail.com Electric Butterfly - This Sister has differing flavors of Sea moss! I tasted them and they were very delicious. Some you could not even tell it was sea moss.   Below the picture is her contact info if you are a health fan like me and don't want to wait reach out . Janet ...
Read more

The Times Captures History of American Business

Image
"We are not the first to face what seem like overwhelming challenges," says HBS professor and business historian  Nancy F. Koehn . A new volume edited and narrated by Koehn,  The Story of American Business: From the Pages of  The New York Times, presents more than a hundred timely articles from the 1850s to today. Q&A and book excerpt. Key concepts include: If business leaders are to make sense of the financial crisis and its larger significance, they must have access to both depth and breadth in what they read. Big themes of  The Story of American Business  include Wall Street, leadership, consumption, the workplace, communications, and transportation. Koehn's narrations distill biography and social, economic, cultural, and business history from the 1850s to today.     by Martha Lagace From the dawn of the U.S. transcontinental railroad in 1869 to the widespread embrace of consumer products like cell phones and iPods in our t...
Read more

Obamacare – What Does it Mean for Your Business?

Image
Like it or not health care reform is a reality.  President Obama has signed the Patient Protection and Affordable Care Act into law and the “fixes” in the reconciliation bill are awaiting his signature.  Even with a law of more than 2,000 pages there are more questions than answers in how the new system will work.  Undoubtedly it will take volumes of new regulations and several years before all of the questions are answered.  In the meantime, here are the areas of most significant impact on Ohio employers: All plans will be required to provide dependent care coverage up to age 26, beginning September 2010. Plans cannot place annual or lifetime limits on the value of benefits received by any participant, effective September 2010 for annual limits and January 2014 for lifetime limits. Requires guaranteed issue and renewability (beginning January 2014) and no pre-existing exclusions for children (effective September 2010). Requires all plans t...
Read more