Wednesday, December 16, 2015

FEDS Are Raising Rates --- Now Is The Time To Deal With That Uncomfortable Mortgage Payment!!

Are You As Uncomfortable In Your Mortgage Payment As This Penguin Is In His Suit? 

As you may be aware, the Federal Reserve has already begun its path to raising interest rates.  We are expected to see an additional 1.0% increase by the Feds over the next year.  Because of this, there will NEVER be a better time to revisit your mortgage to make sure that you are in the best loan structure possible.

Here are several items that you could benefit from:

  • Cutting your term to a 15 or 10 year mortgage -- rates on these mortgages are EXTREMELY low and could have your mortgage paid off for good in a very short time
  • Values HAVE increased!!!  This may allow you to get rid of PMI or even roll a higher rate second mortgage into your first at a lower rate
  • Move from a higher rate government loan, such as FHA or Rural Development, to a lower cost conventional mortgage 
 Regardless of your situation, there may never be a better time to review your current loan.  As always, I will be able to do this quickly and with as little stress as possible.

Call or E-Mail me soon!!  734-433-0922 or jon@mykalamortgage.com


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