Here we go again – lowest mortgage interest rates ever!
Last year brought the lowest interest rates in history. Since that time, I have worked with nearly 100 of your TBH brothers to refinance, purchase, or build. I absolutely love being your TBH mortgage sponsor. You guys are always a joy to work with.
Rates went back up beginning of last year, but have recently fallen all the way back down. Below is an example of a loan I ran this morning.
Straight refinance with closing costs rolled in (zero cash to close).
Loan amount $348,000.
Home Value $500,000.
745 credit score
15 year loan
2.125% WITH a small lender credit (i.e. the opposite of paying points). The 30 year rate for this loan would be 2.75%.
There are several reasons to consider a refinance right now.
If you want to see what a refinance would look like for you, I can tell you in about 5 minutes. Simply email me (1) your last mortgage statement, (2) estimated credit score, (3) estimated home value.
EMAIL: trey@treypowers.com. Or, you can always call me. 512-203-5869.
Interest rates and loan terms are are subject to change without notice. Your exact rate or rate quote will be determined by your loan terms, credit score and value. Nothing in my post is (or should be construed as) an offer to extend credit.
Thanks guys!!!
Trey Powers
Senior Loan Officer
City Bank Mortgage (An Equal Opportunity Lender)
1326 Hwy 290
Dripping Springs, Tx 78620
512-203-5869
trey@treypowers.com
NMLS 1294913
Last year brought the lowest interest rates in history. Since that time, I have worked with nearly 100 of your TBH brothers to refinance, purchase, or build. I absolutely love being your TBH mortgage sponsor. You guys are always a joy to work with.
Rates went back up beginning of last year, but have recently fallen all the way back down. Below is an example of a loan I ran this morning.
Straight refinance with closing costs rolled in (zero cash to close).
Loan amount $348,000.
Home Value $500,000.
745 credit score
15 year loan
2.125% WITH a small lender credit (i.e. the opposite of paying points). The 30 year rate for this loan would be 2.75%.
There are several reasons to consider a refinance right now.
- Lower that rate and save on your monthly payment
- Go from a 30 year to a 15 year and save literally tens thousands of dollars over the life of the loan
- Drop PMI (the way home values have increased over the last year, you will probably now have 20% equity.
- Get cash out. It’s your equity, it’s your money.
- Consolidate those other debts. If you’re carrying a second lien or have balances on credit cards, paying those off through a cash out may be a smart financial move. Compare these low mortgage interest rates to your ridiculous credit card interest rate!
If you want to see what a refinance would look like for you, I can tell you in about 5 minutes. Simply email me (1) your last mortgage statement, (2) estimated credit score, (3) estimated home value.
EMAIL: trey@treypowers.com. Or, you can always call me. 512-203-5869.
Interest rates and loan terms are are subject to change without notice. Your exact rate or rate quote will be determined by your loan terms, credit score and value. Nothing in my post is (or should be construed as) an offer to extend credit.
Thanks guys!!!
Trey Powers
Senior Loan Officer
City Bank Mortgage (An Equal Opportunity Lender)
1326 Hwy 290
Dripping Springs, Tx 78620
512-203-5869
trey@treypowers.com
NMLS 1294913
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