Mortgage Interest rates dropped ½ percent recently and additional decreases appear to be planned, so WHO should be looking to refinance NOW and lock in a newer rate?
On the 10/29/24 episode of Your Money Matters Radio Show I cover this along with several other questions my clients called and asked me just over the past weeks and so I am sharing the Q&A’s on today’s show to give clarity and additional context to these burning questions:
- If I start a mortgage loan to either purchase or refinance my home, should I lock now and if I do, what happens if the rate goes down? How can I protect myself?
- What should I look for when someone is advertising a low mortgage interest rate? How can they put out false information?
- I have been told that unless I save at least 1% of a lower mortgage interest rate, it doesn’t make sense to refinance, is that true?
- I got a 30-year fixed rate, 3 years ago at 3% – I have approximately $55,000 in other debt, how can refinancing allow me to lower my payment and pay off my home loan faster – I only have 27 years left?
- I don’t have a lot of money to put down to purchase a home – 5% – 10%. With the new requirement that I now have to pay my agent, how can I still be able to purchase a home?
Hello, I’m Kurt Rogers, Managing Broker at Affordable Interest Mortgage and I have been in the Customer Satisfaction Business since 1977.
Call me and let’s talk about your mortgage needs, together, we’ll explore your Mortgage options. If you are in the market for a mortgage or mortgage refinance, I’d love to help!
If you’re even considering refinancing, consider investing just 11-minutes of your time and Listen to the 10/29/24 Mortgage Insights Podcast:
OUR EXPERIENCE CAN SAVE YOU MONEY!
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- We have expanded from 11 Lenders to 38 Lenders to offer a multitude of loan programs. In many cases, even better rates, faster service, more amazing First Time Home Buyer Loans, Fix & Flip Loans, Renovation Loans for First Time Home Buyers and Investors – all these options are worth exploring!
- We’re now also offering Land Loans and Commercial Loans with 5 units or more. There’s so many incredible opportunities available. I’d love to explore them with you!
Affordable Interest Mortgage – Powered by IMB #2191655. NMLS 217147. Equal Opportunity Lender. Regulated by Division of Real Estate. MLO #100020228.
Be sure to tune in every Tuesday at Noon – 1PM on 560AM KLZ for The Your Money Matters Radio Show. I am proud to be the exclusive Mortgage Broker for The Haystack Help Radio Home Team!
Call (720) 895-0500
www.aimortgage.net
