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Thursday, October 15, 2009
Locking Deals
We were locking deals today for customers to insure them of reduced mortgage payments in the future. Many are choosing the 5/1 FHA ARM at 4.375%. This is the rate they will pay for five years and the first adjustment on the sixth year is only 1%. How many times have you refinanced in 6 years? Some people with balances over $250,000 are saving over $300 a month, not to mention tens of thousands of dollars in interest. Don't miss the party. Get your financial house in order today.
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Locking Deals
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