Published:
Texas Mortgage Boom Spurred by Low Rates, $8K Tax Credit: StreamlineFHA.org and MortgageRateNotifier.com See Increases in FHA, Jumbo Loans
AUSTIN, Texas - (BUSINESS WIRE) - The Fed's recent announcement that the U.S. government will continue to
purchase mortgage backed securities sent interest rates tumbling below
5% for qualified buyers and mortgagors. Why is this important?
Because of the huge government
bailout, the United States is likely to experience inflation or
hyper-inflation in the coming months or years - and with inflation comes
high interest rates. The time for Texans to buy a home or refinance is
NOW because another buyer's market with these low rates or an $8,000
federal tax credit isn't likely to be seen for decades.
"MortgageRateNotifier.com
and StreamlineFHA.org
have seen major increases in FHA and Jumbo loan originations with Jumbo
loan rates lower than I have ever seen," said Samuel
Morales, loan officer and principal of YourLoanOfficer4Life
and Austin branch manager of Pathfinder Mortgage Group. "If you're a
Texas homeowner in a Jumbo loan - $417K or above - refinance now and
don't wait. Once rates start going up again, it's likely you won't see
rates like this anytime soon."
Currently Morales is originating Texas FHA and conventional loans on
average 0.25% lower than competitors. Jumbo mortgage savings are
sometimes even higher.
Because of numerous, fast-coming changes in the real estate market,
Morales advises new home buyers and refinancing homeowners look for
experienced loan officers who are keeping pace with the market. "It can
make the difference in closing your loan or not and can cost you
thousands if your loan officer is not up to speed on the new and rapidly
changing guidelines."
For Jumbo Loans and FHA Streamlines refinances in Texas, Morales is
offering a $300 credit at closing simply by mentioning this press
release.
MortgageRateNotifier.com:
New Texas home buyers and current homeowners who want to refinance can
be ready when rates are lowered with Morales' free mortgage rate
notification service, MortgageRateNotifier.com.
How
It Works
-
Set your target
interest rate.
-
Determine how you want to be notified.
-
Your information is confidential. No hassle. No commitment.
Non-intrusive.
About YourLoanOfficer4Life.com
Samuel
Morales is approved with more than 50 lending institutions and is
currently originating loans with Pathfinder Mortgage Group out of San
Antonio and Austin. He originates Hard Money Loans, Commercial, VA,
USDA, FHA, 203K Streamlines, Commercial Hard Money and Conventional
Loans. YourLoanOfficer4Life makes the
loan process simple. Whether you're ready to refinance or in the
market for a new home, learn
when to get qualified or subscribe to Samuel's blog at www.yourloanofficer4life.com/MyBlog
to stay informed.
Get today's rates here: http://www.yourloanofficer4life.com/TodaysRates
www.streamlineFHA.org
No Appraisal
No income verification
Must have a 620 Middle credit score
$100 down HUD program/HUD foreclosures:
http://www.yourloanofficer4life.com/$100DownForHudForeclosure
We only originate loans in Texas
YourLoanOfficer4Life.com
Samuel Morales, 210-286-7267
TSLD
Lic: 56991
samuel@yourloanofficer4life.com
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