Savvy Homeowners Are Locking In Low Mortgage Rates
Many homeowners are surprised to learn of a government lending program that could allow homeowners to refinance their homes now to ultra low rates and potentially save more than $100,000 over the lifetime of their loan.*
When homeowners visit The Easy Loan Site , they can easily find out if they can pre-qualify for a low fixed rate mortgage. In addition, qualified homeowners can compare rates from up to 4 lenders for their situation. Banks are hungry for business and are aggressively offering low rates while they are still available.
A few years ago, the Fed lowered short term interest rates, leading to record low mortgage rates. With the economy slowly improving, we are slowly seeing these mortgage rates return back to normal levels at 6 to 8%.
There is also more good news for underwater homeowners who think they can’t refinance. A government program called the Home Affordable Refinance Program (HARP) now assists homeowners with little to no equity in their home to refinance to rates as low as 3.89% APR. Over 2.2 million Americans have taken advantage of the program, saving homeowners more than $100,000 over the lifetime of a 30 year loan.* If HARP sounds right to you note that the program will end on December 31, 2015.
To help you find low rates, The Easy Loan Site has created a service to help consumers easily connect with lenders. In a few minutes, consumers could get a side by side rate comparison from multiple lenders and find out what loan programs they qualify for.
Visit The Easy Loan Site to get started.
We hope this information is of help to you. Patrick Parker Realty is in no way affiliate with The Easy Loan Site. We cannot legally guarantee the quality of their service. While we have researched this data very carefully, we cannot speak to homeowners’ experience with The Easy Loan Site.
Sources: President’s Video; FHFA Press Release; Fannie Mae Research: Over $100,000 savings estimate is based on $82 a week over a 30 yr loan from June 2007.