Let me start by saying I’m licensed in 20 different states across the nation, but I’m going to stick with my state, Wisconsin, in explaining the importance of refinancing your Wisconsin mortgage.
It has been written (isn’t that a somewhat famous quote) many times about interest rates now at a 3 year low! What does this mean? It means if you bought a home or refinanced your Wisconsin mortgage in 2005 or 2006, it could be beneficial to refinance into a lower interest rate. Heck, just eliminating the PMI saves people $100 every month!
Don’t think of this as a sales pitch to earn your business, because I want to see people save as much money as possible when it comes to the largest transaction in their life. Whether you get a quote from me or anyone else, don’t wait yourself out of the low interest rate market.
Don’t believe me that it is a good time to refinance your current mortgage in Wisconsin?
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How about refinance mortgage advice.
Now, for those people in adjustable rate loans. Is your interest rate about to adjust and increase your mortgage payment? Or has your payment already adjusted and not sure what to do?
Wisconsin FHA loans are so popular with homeowners like yourself its crazy! Crazy meaning most banks underwriting times are 5 to 10 business days! For those of you that don’t think this is very long, well, it is especially long when you compare it to your conforming loan…where underwriting is 24 hours!
Why such a delay in getting these Wisconsin FHA loans through underwriting?
Answer: Subprime loans are extinct.
Most people that are in adjustable rate loans need to take advantage of the Wisconsin FHA loan program. Not sure how FHA can help your mortgage situation? Click here to see how the Wisconsin FHA loan helped my most recent client.
Bottom line, if it makes sense to refinance today, don’t hesitate and hope rates will get much better. We are at a 3 year low and still historically at an all time low. Refinance your Wisconsin mortgage when the opportunity arises and makes sense for you!
Have additional questions or wondering how good my rates are? Please email or call me today!
