http://www.google.com/hostednews/ap/article/ALeqM5gUaC-canALwb8SUTCxDm3shnk1YAD955C8UG3
The family of LendingLadies.com has been very excited to help people refinance or put them on a rate watch list. Please advise your friends and family that we are here to help.
There has been talk about credit card changes coming. Please see the link below to review the future changes.
We look forward to being of service to you in the near future.
LendingLadies.com
family@lendingladies.com
866-640-LL4U
What does it all mean?
- There is talk about the Federal Reserve Board cutting interest rates back around 0.50% over the 2009 year. If that happens, people with adjustable rates will have nice low payments for a while.
- We are starting to see 30 year fixed rates in the 4.99-5.50% (5.25-6.00% APR) range on owner occupied homes again.
- My advice for anyone with an owner occupied loan that is on an adjustable or fixed rate mortgage, is to have us look at what would be a good target rate for a refinance. When rates hit a low like we are seeing, it is usually only for a few hours. We want to have all your updated information ready to lock you in at a point you feel comfortable.
- Tip: If you have a line of credit, be ready to contact the bank who holds your loan to look at locking the rate to a fixed rate. But not yet, wait for the rate to drop 1-2 more points. When changing to a fixed, the rate will go up a point or two, and you will now make principal and interest payments instead of interest only. The interest rate will be locked in low and you shouldn’t notice much of an increase in payment since it is what you were used to paying before now. – Just be ready…
We don’t know how long it will last… Call 866-640-LL4U or email family@lendingladies.com for your free updated financial analysis
RATE WATCH?
