Friday, March 2, 2018 / by Shane Anderson
With the interest rates going up daily, have you every thought how you can lock the lower rates in while you are looking for a home? Well Now you can. I have a lender that is doing exactly that. Here is how it works.
Apply for Financing, then the Operations Department will process the application
You have 30 days to view properties, negotiate potential home sales, and to sign the contract
When you present a valid property address within 30 days of the original lock date, they can lock terms to 75 days.
Call me today to find out more.
Friday, February 2, 2018 / by Shane Anderson
With the economy doing better we have notices that the interest rates are slowly on the rise. As of January 31 2018 here are the rates you can expect when you buy a home. These interest rates can change daily.
30 Year Fixed: 4.375-4.5%
FHA/VA 4.0 - 4.25%
15 Year Fixed 3.625 - 3.75%
5 Year Arms 3.0 - 3.5% Depending on the lending
With that being said now is a good time to buy before the interest rates go any higher. I have a chart to help explain what happens when the interest rates go up.
If you are interested in learning more or want to know what programs are out there that can help just give me a call or shoot me an email. I have lenders on my team that can help answer any questions you may have. To understand more about what has been going on with mortgages you can go to http://www.mortgagenewsdaily.com/consumer_rates/832564.aspx