An FHA Loan Friday was available at 5.25% on a 30 year fixed mortgage. This rate is good for a purchase or refinance. On a refinance on an FHA loan we can lend up to 97% of the appraised value of your home. If it is a cash out loan or if we are paying off a 1st and 2nd mortgage that were not used at the same time to purchase a home then we can lend up to 95%. On a purchase all you need is 3.5% down and the down payment can be a gift. FHA loans offer great options for many renters to buy a home and for many established owners to refinance if they have limited equity due to a lack of sales in your neighborhood or comps.
If you currently have an FHA loan and have made 3 payments you may be eligible for an interest rate reduction streamline loan where we will not look at credit, income or appraised value. Call me for details. 414-416-9194
APR on 5.25% is 5.30%
Friday, January 9, 2009
Thursday, January 8, 2009
Call The Neighbors
Tell your friends, tell your neighbors, mortgages are at record low rates. These are the lowest rates we have seen since 1971. We can lend up to 97% of the value of your home if necessary. Do you have any credit card debt? What rate are you paying on it?
When you have a mortgage at 5% and include the tax deductions of property taxes and interest it is like borrowing at 2% in many cases. Call me anytime to learn how you can save money today!
When you have a mortgage at 5% and include the tax deductions of property taxes and interest it is like borrowing at 2% in many cases. Call me anytime to learn how you can save money today!
Tuesday, January 6, 2009
5% Mortgages
5% Mortgages were possible Tuesday and may be possible Wednesday morning. You would need to call me at 414-416-9194 give a complete application and pay a $295 lock fee to guarantee you could close at the rate in the next 25 days. This opportunity is rare and if you currently have a mortgage over $100,000 and a rate over 5.75% you should stop what you are doing and make the call.
SHOP LOCAL
Shopping locally for a mortgage is the sensible solution for many people. Trying to refinance from some out of state Internet lender can be troublesome. Don't you want to do business with someone who lives and works and pays taxes in the community just like you? Apply today with Pete Cannon at Great Lakes Mortgage.
Monday, January 5, 2009
Mortgage News
Mortgage rates remain low but they have risen every day since Monday December 29th.
If you have not begun the refinance process you are missing the best money saving opportunity for homeowners since 1971. Call us today and schedule a no pressure consultation to see if refinancing youur present mortgage will save you money.
If you have not begun the refinance process you are missing the best money saving opportunity for homeowners since 1971. Call us today and schedule a no pressure consultation to see if refinancing youur present mortgage will save you money.
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