“Mortgage Market at a Glance” In this month’s edition we’d like to announce a variety of Mortgage topics, including: •New products for home and investment property purchases and refinances •1st time buyer programs, new and improved •Down payment assistance •And most recently, the Government Insured and regulated Reverse Mortgage refinance or PURCHASE offering us the ability to help and facilitate those 62 and older in the refinance or Purchase of their current home or new home under the Government Insured and regulated HECM program, which offers a “mortgage payment free” option for as long as they live in their home. •HARP we’ve all heard about- see some interesting information below for refinance transactions! Firstly, in the conventional mortgage market, newly available for the conventional product borrower- is the 97% LTV (loan to value) with no monthly mortgage insurance. This offers the CHEAPEST monthly payment for our borrowers! The FHA option for 1st time buyers continues to be a major force in the current mortgage marketplace. Now we’re proud to offer this Government Insured loan “coupled” with a variety of options, including available bond and grant programs which facilitate helping secured homeownership with as little as a .50% down payment (out of pocket). Now fabulous mortgage market news for those individuals or couples who are at least 62 years of age; The Government Insured HECM, which was “born” over 24 years ago, and has been supplemental to the retirement and financial planning of hundreds of thousands of homeowners, offering a “mortgage free payment” option for as long as the borrower lives in their home, has matured and now also offers the option of a home PURCHASE with “mortgage free payments” as well. That’s right! You’re now able to PURCHASE a home, and enhance your retirement utilizing the Government Insured HECM. Think about it…not using your retirement income for your monthly mortgage payment! Call us, we welcome your questions. HARP refinance programs have been a “financial life-saver” for many underwater homeowners; but are you aware 100,000’s of thousand homeowners have yet to take advantage of this limited time program,! Just recently the Government has extended it’d benefits until the end of this year. Don’t miss out- call us today…we’ll research your current mortgage to see if you qualify, and discuss some options with you. Just one of our many free services we’re proud to offer.
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