15yr mortgage

Rates AGAIN have hit historic lows…How long will they last this time around? Does it even matter to the troubled housing markets?
Both 30 year and 15 year mortgages have hit record lows this week thanks to a contageous sovereign debt crisis. The financial crash and mortgage meltdown of 2008 is behind us, but not that far… Now we are dealing with a GLOBAL Debt crisis. The US is no exception to the crisis. Our mounting debt and domestic liabilities have been piling up for decades with no exit strategy in sight (or on the radar). The political games of Washington were on full display to the American people over the past few months with Debt Ceiling issue.
Well, thanks to the flury of what seems to be never ending negative bad news, mortgage rates will continue to bounce around historic lows. The problem is we have no idea how long this historic lows will stay in effect. The market is set for a turbulent ride of bumps and lumps! One day rates will be 4.0% and the next 4.25% or higher. Take advantage of the dips!
Get started today and lock in your application.

After several weeks of rising mortgage interest rates, the market has pulled back. Rates are trending below 5% instead of above. Anyone who missed the last few months low rates should look again into refinancing. THis maybe the LAST time we see rates below 5% for a while. The reason for this is because the US Economy (dare I say it..) is IMPROVING, which genereally means high rates. But why are they ticking down..??..? UNREST in the Middle East and pressure on OIL prices are causing investors to buy bonds again. The feeling on the trading floor is that the Economy is Improving, but only slightly. Rising Energy costs could quickly pump the breaks on many thriving industries. Such as AIRLINES which have 40% of their cost in FUEL, FOOD/Commodities which get deliverd via trucks and trains that use energy, HOTEL which has spring and summer markets around the corner waiting for consumers to arrive via plane train and automobile. So with a soft economic recovery you can easily see how rising oil could slow us down

With all of that analysis said, CALL ME TODAY and refinance or purchase a home now.

Purchase specials are still available. No Money down loans are still real!!

SHORT AND SWEET TODAY…

Lowest Mortgage rates ever.

Refinance NOW or miss the boat.
Refi mortgages in PA DE NJ
www.amghomeloans.com

With interest rates at all time lows more and more clients are refinancing their home loans. Many for different reason. Some are just looking to lower their monthly mortgage payment and put the money in the bank. Others are looking to cut their mortgage term from a 30yr loan down to a 20yr or even 15yr. With rates so low the payments on 20yr loans are often the same as your present 30yr payment. The benefits on the lower term are often in the form of tens, sometimes hundreds, of thousands of dollars in savings. The savings are felt when you pay your home off up to 10 years sooner than you were orignally on pace for.

Here is a clients real scenario.

Presently they were paying $1900 per month in Principal and Interest on a 30yr loan. They were 3 years into a 30 year home loan. (so the had 27 years to go)
A new refinance to a 20 year loan saves them 7 years of payments! (27 remaining yrs minus the 20 yrs on the new loan that paid that one off).
The payment on the New 20yr loan was actually $20/mth less than their old loan at 30yrs. Now here is the overwhelming benefit:
Take the $1900/mth they were paying and times it by 84 payments
(84 is 7yrs of payments that they will eliminate)
$1900 times 84= $159,600 WOW!! That is some serious savings
You can save a ton of money by cutting the term down on your loan. There is no better time than today to get a quote and analysis of your present loan.

Get out of Mortgage debt sooner than later. Refinances are offered in Pennsylvania, Delaware, and New Jersey. Start working with the Tri-state areas most referred Direct lender.

Low rates, low fees, fast turn times, and expert advice.
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