Mortgage News

YES! The 40 year mortgages haven’t even caught on yet, and we now have 50 YEAR mortgages on the way. One product I have seen is a “balloon” which means in 30 years it has a “must payoff or refinance” feature, but it keeps the payments down which is it’s intended purpose. You can get an ARM (adjustable) or fixed, and I don’t have pricing info, but the rate will be most likely slightly higher than the standard 30 year fixed, although the payment will be lower as it is amortized over a longer time period.

Sorry I have been out of touch with the blog and email newsletters. I have spent most of the month of April traveling to and from Arizona, while I have been working on getting everything set up with the new mortgage company.

The new site is up, but there really isn’t much there yet. You can check it out at:
www.ConsumersAdvantageMortgace.com.

More to come on both the 50 Year Mortgages and the updates to the web site. Both should occur around mid-May.

Anthony

www.AnthonyKirlew.com
1-800-453-9290

Original post by AnthonyK

Today, the 30 year fixed rate stands at a nationwide average of 6.49%. Barry Habib, the economist often heard on CNBC predicted that the rate would “dance” between 6 and 7% but most likely end up in the 6.5% range. Some are predicting that rates will creep closer to 7% by years end.

What does this mean and why should you care? I hate to sound like a broken record when I say this, but if you are considering making a purchase or refinance, now is the time. Over the years, I have watched people “play the market” and lose out big time. It is my job to watch the market for my clients, and I monitor it throughout the day with the use of the latest technology. I receive market alerts throughout the day on my cell phone telling me where things are headed and this helps me to “predict” the market in the short run.

If you are considering a purchase, refinance, or any other type of mortgage, and want to know what direction the market is headed, do not hesitate to contact me.

In closing, I wish you all a happy holiday weekend.

Until next time,

Anthony

www.anthonykirlew.com

>www.consumersadvantagemortgage.com

Original post by AnthonyK

What is NARLO and why did I join? NARLO is the National Association of Responsible Loan Officers. I joined this organization because I want to take a stand for Integrity in my industry and strive to set myself apart from those that discredit my profession.

Is your Loan Officer a NARLO member? If not, ask him or her why?

Make it s great day!

Anthony

www.anthonykirlew.com
http://www.consumersadvantagemortgage.com/

Original post by AnthonyK