The recent economic turmoil over the past week has brought mortgagerates down to near historic lows again. According to most financial experts, this is a great time to refinance, but you better act fast. Whats the rush you may ask?
For one- the recent downgrade of the US credit rating will result in the increase in mortgage rates. Secondly, after September 30th the limits for “conforming” loans backed by the government will be reduced to $625,000.
The window of opportunity is NOW if the numbers make sense. The goal should be to end up with a mortgage rate approximately 2 percentage points below your current rate. Some clients are exploring adjustable rate mortgages in the range of 3% knowing that even if rates adjust higher at the 3 year change date, they will still allow for significant savings provided the caps on increases are minimal.
"My name is Emilio. When I was buying my property, I hired Mr William J Reinhardt Jr as my Real Estate Attorney, it was one of the best decision I ever made because he did everything in his power to make sure my purchase was successful. For example, The utilities bills left over by the person who owned the property before me. I said thank you to Bill for not allow me to pay these costly bills." - 5.0 stars | Posted by Emilio Bien Aime | October 1, 2019
"Mr. William Reinhardt Jr. is my lawyer for many years. My family and I bought and sold properties with his help and were very satisfied. I recommend Mr. Reinhardt to anyone. I give him a 5-star review." - 5.0 stars | Posted by Diana | September 19, 2019
"My husband and I loved working with William. He was very professional, efficient and went above and beyond to help us. We would HIGHLY recommend." - 5.0 stars | Posted by Leeann | September 13, 2019