Historically Low Mortgage Interest Rates

Right now, mortgage interest rates are sitting at 50-year lows.  If that’s not enough to get you off the couch, on the computer, or in a mortgage office then it’s not clear what will.  People are saving hundreds of dollars a month, and thousands over the course of their mortgages, by just applying right now.

If you’re currently renting and considering becoming a first-time homeowner, you’ll never get another shot like this.  You can buy so much more home than you could have a few years ago, simply because your mortgage interest is so much lower it takes your payment down. 

If you currently own a home, a refinance can let you take cash out, lower your monthly payment, or shorten the length of your loan considerably.

For renters, this is a golden opportunity.  Think of it this way.  Renting a new apartment is going to cost you the first month, last month, and a security deposit, right?  Instead of just giving thousands of dollars to a landlord, you can put that together and look at a down payment on an FHA loan, with only 3.5% down. Or you could apply for a USDA or VA loan if you qualify, where there isn’t any money down requirement.

You could be in your own home in weeks, and start accumulating equity, building wealth instead of throwing money down the well by renting.

If you’re currently a homeowner, you can refinance that loan, even loans closed as little as 6 months ago.  Rates are so low that we have borrowers cutting their terms from 30 years to 15 years, without raising their payments! 

Borrowers are taking cash out of their homes and refinancing at lower rates to pay off credit cards, finance home improvements, and finance other ventures. 

It’s truly a great time in the mortgage industry, our phones are ringing off the hook, and the online applications are coming in fast and furious.  Don’t wait until rates rise again.  They will not stay this low forever.

The first step is to get pre-approved.

Call The Home Loan Expert Team in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515, andNashville at (615) 810-8555.  You can always apply online with our 5-Minute Loan Approval at hero.loan for your VA Loan, and www.thehomeloanexpert.com for your other mortgage needs, and we’re also open on Saturdays and will come to you to help close your loan. We work hard to make it easy on you.  Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?

Related Posts

Leave a comment