Thanks for your candor!

Thanks for your candor!

 

I have spoken with several folks over the last few months about home financing. Quite a few of them contacted me because they have seen advertisements that interest rates are at all time lows. Some of them tell me the rates they are seeing and ask if it is really true, most are expecting there is a catch. The lowest rates advertised could come with a catch if one interprets it as there is no cost to get the rates advertised

 

Rates really are at an all time low. It is amazing actually.  But that does not mean refinancing a home loan is the best idea for everyone.  What is supremely helpful is to talk to a loan originator who explains all the pros and cons of shorter terms, lower rates, loan amounts, loan to value, etc so an educated decision can be made.

 

Several times over the last few months I have heard "thanks for your candor".  I'm hearing that because I lay out all the options, I'm transparent about the costs and benefits.  Some of the loans I've put into my  pipeline because my candor helps with the decision. Some of the loans my candor points out the home owner may be better off just where they are. In all cases I love hearing "thanks for your candor". 

 

Every borrower has their own reasons for financing a home mortgage. Some want to save money, some want to pay off a loan faster, some need cash. What may be not the best idea for one borrower may be an excellent move for another. My job is to use candor in conversations about refinancing and rates. 

Comment balloon 4 commentsDora Griffin • August 05 2020 05:03PM
Thanks for your candor!
share
Thanks for your candor! I have spoken with several folks over the last few months about home financing. Quite a few of them contacted me because they have seen advertisements that interest rates are at all time lows. Some of them tell me the rates… more
HARP LOANS STILL AVAILABLE
share
HARP LOANS STILL AVAILABLE HARP (Home Affordable Refinance Program) refinance home loans are still available and can be a great option for home buyers who have not refinanced their home mortgage and that loan was originated before June 1, 2009. … more
Turmoil in Washington Could Be Good For Rates
share
Turmoil in Washington Could Be Good For Rates Long term interest rates can hit some pretty rough patches. There is always something going on that drives them up or down. This week we've seen some changes because of the turmoil in Washington. The… more
USDA CHANGES COMING IN OCTOBER 2016
share
USDA CHANGES COMING IN OCTOBER 2016 USDA has announced some positive changes coming in October 2016. USDA or Rural Housing is a great product offering 100% financing on properties in certain census tracts. There are income limits and the property… more