Green is the new Orange

We are almost at the end of August and the summer sure has flown by! Our office has been very busy making me hopeful that we will have a strong Fall market. This week many clients have been asking about mortgage refinances. Refinancing a mortgage is a great way to pay for renovations, consolidate debts or restructure a first and second mortgage into one low rate mortgage. The rules are such that, so long as 20% equity is left in the home, we can refinance a mortgage based on the clients' ability to qualify. If you are not sure if a refinance is right for you, call me today to look at numbers and discuss options. I also just want to give a shout-out to all my clients in Rider Nation. The Lions played a good game versus us over the weekend and I am proud to say that Green is certainly the new Orange. Guaranty that!

1st and 2nd mortgages

If you currently have a 1st and 2nd mortgage and have more than 20% equity in your home, you may qualify to consolidate your mortgages into one low rate mortgage. Lenders will assess employment, credit bureaus and also the property itself when approving a new mortgage. Several lenders even have special programs which can put a 1st and 2nd mortgage at the same low rate. If you have a high interest second mortgage, call me today to see if we can slash your interest rate. For more information about all kinds of mortgages, call me today! Call me today!

Co-Applicant

If you are looking to qualify for a mortgage and the numbers are looking tight, consider having a parent or family member co-sign for the mortgage with you. By using a co-applicant, lenders are able to use the family member's income which can often times increase your purchasing power. A co-applicant can also be helpful if you have had past credit challenges and are needing a strong co-applicant to guarantee the loan. For more information about all kinds of mortgages, call me today!

Lay of the Land

The housing market is doing surprisingly well and predictions of the market are improving. That is really showing in our office as applications are piling up for people looking to qualify for all kinds of financing. Regardless of your situation, I am always more than happy to speak with you about your mortgage options. Whether you currently have financing and are exploring better rates, or if you are a first time home buyer and are trying to figure out the lay of the land, I am here to help. Please remember that my services are free to you and I am always available to answer questions.