Looking at the St. Louis mortgage rates, I see a historic opportunity. The rates have continued to stay very low, in the 3’s, for a 30-year fixed mortgage for the last several months. This has given everyone an opportunity to refinance their mortgages to the lowest rates in YEARS. I know it sounds like we’re harping on this, but guys, if your interest rate is not in the 3’s; you need to call us TODAY. Don’t take my word for it. Here are three reasons for you to apply online with us right now.
Reason 1: FHA has cut the PMI rate on their loans
The Federal Housing Administration dropped the PMI (Private Mortgage Insurance) requirements by half of a percentage point. This is saving people hundreds of dollars on their mortgages every year. Coupling that with the low rates we’re seeing, and you’re making out like a bandit on your monthly mortgage payments. People are saving, on average, $117 EVERY MONTH. Could you use that money? Than check your interest rate and PMI rate now and give us a call.
Reason 2: These low rates won’t last forever
Rates are a volatile thing. They change with the market, and can be affected by outside forces, good or bad. They change constantly. Getting a fixed-rate mortgage locked-in right now gives you a certainty that, when the market DOES change, you will have the same payment every month.
Reason 3: Debt consolidation/cash-out refinances
Everyone is in some sort of debt. From credit cards and student loans to car loans, Americans build up debt constantly. You can use your mortgage to help alleviate that pressure with a cash-out refinance or a debt consolidation loan. These let you turn your current bills into one payment at the lower mortgage rate that you get from us. We even write the checks to your creditors for you! If you apply now, today, we can get you locked in at these historically low rates and let you breathe easy.
For all of these great reasons, the best reason for a refinance right now is that you will save money. If your interest rate is not in the 3’s, you need to call us today, right now, at (314) 781-9700 or visit www.thehomeloanexpert.com/saint-louis to apply online. Nobody makes it easier to refinance or purchase a new home than The Home Loan Expert, Ryan Kelley.