Lenders are tightening up guidelines daily, so by refinancing now, you’re securing your life and buying serious peace-of-mind. I’ve been through absolute hell this past month with some of the simplest of loans falling apart and subsequent-damage control due to constant market corrections and changing guidelines. The deals are getting done, but with many more hoops-a-fire to jump through. The financial and credit sectors are in a lock-down. Americans aren’t saving. Consumer debt is out of control. Holiday retail sales numbers will be disappointing, banks will be closing branches or closing entirely. We’ll see decreasing consumer confidence and the media eating it up and skewing data for any political positioning for either side. Everything will be increasing in price from food to fuel, raw materials to transportation. Money won’t come easy anymore. Rates are as good as we’ve seen in over a year. If you (or anyone you know) needs to refinance anytime between now and 2009 and you have any concern that your home may now (or in the future) slide in value, the "Loan To Value" should be of great concern to you...right now. Secure a long-term position now before things change for the worse. We’ve only just hit the iceberg, and I’m the guy with the lifeboats. Let’s Talk. Captain Pat Townsley, Mortgage Navigator. http://www.ptre.net/. 415-485-1776.
Thursday, December 20, 2007
Why Refinance Now
Lenders are tightening up guidelines daily, so by refinancing now, you’re securing your life and buying serious peace-of-mind. I’ve been through absolute hell this past month with some of the simplest of loans falling apart and subsequent-damage control due to constant market corrections and changing guidelines. The deals are getting done, but with many more hoops-a-fire to jump through. The financial and credit sectors are in a lock-down. Americans aren’t saving. Consumer debt is out of control. Holiday retail sales numbers will be disappointing, banks will be closing branches or closing entirely. We’ll see decreasing consumer confidence and the media eating it up and skewing data for any political positioning for either side. Everything will be increasing in price from food to fuel, raw materials to transportation. Money won’t come easy anymore. Rates are as good as we’ve seen in over a year. If you (or anyone you know) needs to refinance anytime between now and 2009 and you have any concern that your home may now (or in the future) slide in value, the "Loan To Value" should be of great concern to you...right now. Secure a long-term position now before things change for the worse. We’ve only just hit the iceberg, and I’m the guy with the lifeboats. Let’s Talk. Captain Pat Townsley, Mortgage Navigator. http://www.ptre.net/. 415-485-1776.
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