TEAMBLOG

Dear Friends,

You may have noticed mortgage rates have dropped again! I will be visiting real estate offices throughout the Los Angeles area from Thursday until Monday the 14th, distributing our promotional flyers and ushering the good news! From our voluminous records, we will also be calling previous clients to join in the good fortune of the refinance boom!

The most opportune time to refinance your mortgage is when the interest rate is at least one full percentage lower than the rate you currently have. We also have loan programs which allow you to lower your rate with no closing costs or fees.

Let's say you have a loan for $300,000 at 6.00%. Your monthly mortgage payment is calculated to be $1798.65 per month. With our no closing cost loan at 4.875%, your monthly payment would decrease to $1587.62 per month - a typical savings of $211.03 per month or a yearly savings of $2532.36. This will help you in the long run as you plan your budget for the future. As of today, the downturn in the California economy continues to create anxiety for many homeowners in our region of the country. With over a 12% unemployment rate and the likelihood of higher taxes on the horizon, any savings you can lock in now is a good remedy to pursue. 

Please check our website for more details on our mortgage rates. Remember interest rates are subject to change daily. MoneyTeam also offers 30 to 45 day rate locks. Please call our office with any questions or concerns at 323-936-3232.

If you are a Realtor we hope to meet with you to discuss our pro-active loan programs for your home buyers. For our previous clients, we are thrilled to meet with you again and catch up with all the wonderful events you and your family have experienced since our last meeting. 

Thanks Again