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Lock In to a Low Fixed Rate
Do you have an adjustable rate mortgage (ARM) now and
watching your rate and monthly payment steadily increasing? If you
answered yes then now is time to Lock In to a low Fixed Rate
mortgage. Mortgage Interest rates have been increasing and are
not going to go back down. As you have seen on the news the
Federal Reserve has been raising interest rates in an effort to stem
inflation and that spells bad news to homeowners with ARM mortgages.
Waiting for the market to potentially improve is not your best option,
since that is not going to happen any time soon. Mortgage rates
have been at historical lows during the past few years but that trend is
no longer happening. Fixed Rates, while they have
risen over the past year or so, are still low compared to the past 30
years or so.
The main benefit of a Fixed
Rate Mortgage is that your payment remains the same through the
life of your loan. If you get greedy and wait too long, you may
lose out on a full percentage point or more and that it can be very
costly in the long run over the life of your mortgage. You can
even get a debt consolidation or cash out mortgage while making the
change from an ARM to a Fixed Rate.
Our Fixed Rate
mortgage programs are available for all credit profiles and no income
verification, self employed programs and stated income loans are
available for just about any situation. Our mortgage professionals
will design a Fixed Rate Mortgage Program that is best
suited for your particular situation. Apply online or contact our
24 hour loan center and let our mortgage professionals pre-qualify you
within minutes at absolutely no cost or obligation to you.
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