Welcome to my blog site! I will be writing about specific properties, trends, neighborhood events and everything related to Piedmont. I tour properties regularly and will update followers with the newest and latest! Please note that the opinions expressed in my blog are just that - opinions - and should not be taken as factual information. For factual information regarding this or any other home I write about, please refer to the county records.
Tuesday, September 4, 2012
Time To Refinance
We just refinanced our Piedmont house, securing a 30 year fix at 3.5% for a jumbo conforming loan! Time to celebrate with a glass of good wine. I encourage you to talk to a few lenders and get a quote. Don't miss out on this great opportunity. If you need suggestions on lenders, let me know.
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Yes, it is absolutely true that mortgage interest rates are at an all time low encouraging more borrowers to go for the option of mortgage refinancing. But not everyone can refinance the mortgage given the present employment and market situation. Most of the properties have lost values and don’t have equity in them. Apart from that, a large number of home owners have lost their jobs. As a result, they can’t show their income at the time of refinance. This has made things difficult for a large number of people. In such a situation, Home Affordable Refinance Program (HARP) has become quite popular.
ReplyDeleteThat is absolutely true that not everyone is in a position to benefit from the low interest rate. Thank you for contributing to the content. We love your feedback!
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