Answer:  Government loans VA & FHA

Why:  Interest rates will fall again.  Home values will also keep falling (it’s part of the reason for raising rates/combat inflation)

When home values drop, if you are in a conventional loan, if you have less than 20% equity which would be likely even if you buy a house now and put down 20%, you will not have enough equity to refinance and make it worth while.

VA & FHA loans, offer streamline refinancing which do not require appraisals and therefore value won’t be an issue and you will be able to take advantage of the lower rates safely.

WHAT IS HAPPENING WITH MORTGAGE RATES?

Rates have been climbing higher all year.  The Federal Reserve has continued to increase rates to combat inflation.

This affects credit cards, auto loans, etc.

WILL RATES GO DOWN?

Yes!  This is not forever.  The last time this transpired was around 2006.

Rates spiked up however following this time period, rates trickled down over the next 11-12 years!

DOES IT MAKE SENSE TO REFINANCE EVEN WITH A HIGHER RATE?

It can!  If you are using your equity to wipe out higher interest credit cards, auto loans, etc. not only will it save you thousands in interest it will save you hundreds a month and free up your budget!  Remember, when rates rise, all rates rise and that is especially true with credit cards.

This will also give you a larger tax deduction as you will be paying more interest on your mortgage instead of the bad debt.  You can’t write off credit card or auto loan interest, but you can write off mortgage interest!

FIND OUT HOW MUCH CASH IS AVAILABLE TO YOU TODAY!

CALL (888)976-7688 or FILL OUT FORM BELOW!

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