Home Loan Resources

Well, the Feds meet again this week and the big question we are looking for is if they will raise or lower the Fed funds interest rate.  Have interest rates dropped too far too fast or will the economy work itself out?  That remains to be seen.

As a reminder though, when you here that Feds lower (or raise) their fed funds interest rate, this does not directly affect  the 15 and 30 year mortgage rates.  The Fed rates are short term rates that primarily affect credit cards, home equity loans and adjustable rate mortgages.

If you are interested in what the 30-year mortgage rates are doing, get in contact with your loan officer and ask him to keep you posted on these rates.  Interest rates for home loans can change every day, not just when the Feds meet.  Historically, 30-year rates are still very low, although they are just slightly higher than their 40 year lows of a few years back.  It is still a good time to buy or refinance a property!

The story on the street is that it takes forever and a day to sell your house in today’s market. In some cases that seems to be true, however there are ways to sell your house faster.

If you are in a position to strike a good deal for a new buyer and your home is in great condition, you should be able to find ready to buy buyers. If you are upside down on your property, you might also want to look into short selling your home, but only if you have to sell it.

We have located a group of home buyers that are looking to buy houses in all areas. They will buy homes in any condition and in any price range.  This is a great way to avoid foreclosure.

To see if there are any cash buyers in your area just click here and enter your zip code.