Can You Answer “YES” To Any of The Following?

Can You Answer “YES” To Any of The Following?

  • Do you have an FHA loan?

While FHA loans are good for people who don’t have much money for a down payment, they become very expensive to hold on to for the full term of the loan.  I have helped many clients with getting out of an FHA loan and into a much lesser expensive conventional loan product.  This results in saving them thousands of dollars from carrying inflated mortgage insurance premiums.

  • Do you currently pay for mortgage insurance?

Fast Closing Property GuidingWhenever someone doesn’t have at least 20% equity in their home, they are required to carry mortgage insurance on the home.  A lot of times people don’t even realize just how much equity they really do have in their home just a couple years later.  I have helped several clients eliminate their mortgage insurance all together.  This saved them thousands of dollars in unnecessary premiums.

  • Are you paying extra towards your principal each month?

Many people try to shorten the term of their current loan by paying extra each month towards their principal.  While this is a great idea, it isn’t always as ideal as just getting into a lower term with a lower interest rate.  I have helped several clients by getting them out of a long term mortgage and into a much shorter term product.  This resulted in cutting years off of their term while at the same time, saving them tens of thousands of dollars with a lower interest rate.

  • Do you have a 2nd mortgage or home equity line of credit?

When you have a home equity line of credit or second mortgage, it results in having a second lien on your home.  I have eliminated these liens for several clients while allowing them to have the convenience of having only one payment each month.

  • Do you need cash for home improvements or to pay off debt?

Sometimes in life you may find yourself short of cash for home improvements or to just being able to pay off some unwanted debt.  I have been able to accomplish this for clients while lowering their outgoing monthly expenses and increasing their cash flow.

  • Do you have an interest rate more than 3.50% APR?

Recently we have seen a sharp increase in interest rates.  While interest rates are still historically low, I have been able to lower clients’ current interest rates as much as 4.00% from where they were previously at.  This saved them hundreds of dollars per month off of their mortgage payment.

  • Do you have an adjustable rate mortgage?

While adjustable rate mortgages where popular during a decreasing interest rate environment, they can become increasingly riskier to have when interest rates start to increase again.  I have helped many people get out of these riskier loans and into a fixed rate product.  This allows for peace of mind knowing what your interest rate and payment will be for years to come.

  • Do you have any friends or family needing to refinance or purchase within the next 6 months?

Recently we have seen our housing market strengthen resulting in increased home values.  Now is a great time to capitalize and take advantage of the combination of low interest rates and increasing home values.  I am currently helping several clients though the pre-approval process and lining them up with a purchase price that meets their needs financially.  For most consumers, their home will be the largest investment they will ever have.  Don’t do it alone.  Contact me today for a no obligation financial analysis.  I will make sure to approve you or someone you know for the right amount, in the right program, while saving thousands of dollars off closing cost through our NO CLOSING COST program.

Not sure who to call or where to start?  Contact me today for a 100% free no-obligation loan inquiry analysis.

Matt Pell,  Loan Officer
Mortgage Warehouse, LLC
(239) 672-8502 – Direct Line
(239) 344-9223 – Fax
Company NMLS ID – 137154
Individual NMLS ID – 1018529
Better Business Bureau Rating = A+

Posted on August 12, 2013, in Finance and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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