When is the last time you looked at your real estate loans to see if they are in times with the market? Are you paying 8%? Do you have ARMS with low interest rates that could be adjusting up? Do you have 80/20 seconds on rentals or your own house that is at 10%? Many people do and NOW is the time to do something about it.
Interest rates can still be obtained below 6% and if you have higher rate loans now is the time to refinance into lower rate fixed loans!
Today’s Tip: Look at your current loans and refinance if you can turn and ARM into a low rate fixed or if you can significantly lower your fixed interest rate.
Looking For A New Real Estate Loan Loan?
Then now is the time to check out the Zillow Mortgage Marketplace. In a nutshell Zillow has turned the loan application process upside down and it is to your benefit. Simply go online and fill out a completely 100% anonymous SHORT application that does not require your name, SSN, or phone number and lenders compete for your business.
Talk about powerful. This means that our loan is being bid on by lenders and we have the power to choose the winning bid. As a consumer you have to love that and with these interest rates you may be able to increase your cash flow several hundred dollars per month just my restructuring your debt.
Author: Gerald Romine
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