April Fool’s Day is tomorrow, and it’s always a lot of fun to trick your co-workers, family, and friends with elaborate pranks. (Pro-tip: catch them before they’ve had their coffee.) We always have fun at The Home Loan Expert offices trying to one-up each other and fool everyone with a great trick. There is one thing we’re always serious about, though, and that’s saving you money. April Fool’s Day is no joke when it comes to your mortgage.
With mortgage rates threatening to rise this year after Fed Chairperson Janet Yellin’s announcement last week, now is the time to lock in your low rate for the next 15-30 years. Getting locked in now saves you the stress of trying to ride the market if you have an ARM, and gives you cost-certainty month-to-month.
You can also use this opportunity to pay off some bills.
A Cash Out Refinance is a mortgage that takes the high-interest bills you have and consolidates them under your low-interest mortgage. I know, it sounds like we’re pulling a prank on you, but it’s real. No more waking up in a cold sweat or dodging phone calls from angry bill collectors. Just one low monthly payment. You can also take cash out to make home improvements, pay for a large event or buy a big-ticket item. It’s your equity, spend it like you want to.
The last part that people think we’re joking about is skipping a few months of payments. That is a real steal. After refinancing, you can take the next couple of months off from making your mortgage payments and build a nest egg, take a trip or whatever you want. You’ve been making your payments every month – time to take a break, right?
If you’re ready to stop fooling around and really save some money, The Home Loan Expert team is ready to help. Call us in St. Louis at (314) 781-9700, Chicago at (773) 770-4727, Indianapolis at (317) 550-1515 or Nashville at (615) 810-8555. You can always apply online at www.thehomeloanexpert.com, and we’re also open on Saturdays to better serve you. We work hard to make it easy on you. Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley, why go anywhere else?