Texas Mortgage Boom Spurred by Low Rates, $8K Tax Credit: StreamlineFHA.org and MortgageRateNotifier.com See Increases in FHA, Jumbo Loans
AUSTIN, Texas-(Business Wire)-September 24, 2009 - The Fed’s recent announcement that the U.S. government will continue to purchase mortgage backed securities sent interest rates tumbling below 5% for qualified buyers and mortgagors. Why is this important?
Because of the huge government bailout, the United States is likely to experience inflation or hyper-inflation in the coming months or years – and with inflation comes high interest rates. The time for Texans to buy a home or refinance is NOW because another buyer’s market with these low rates or an $8,000 federal tax credit isn’t likely to be seen for decades.
“MortgageRateNotifier.com and StreamlineFHA.org have seen major increases in FHA and Jumbo loan originations with Jumbo loan rates lower than I have ever seen,” said Samuel Morales, loan officer and principal of YourLoanOfficer4Life and Austin branch manager of Pathfinder Mortgage Group. “If you’re a Texas homeowner in a Jumbo loan - $417K or above - refinance now and don’t wait. Once rates start going up again, it’s likely you won’t see rates like this anytime soon.”
Currently Morales is originating Texas FHA and conventional loans on average 0.25% lower than competitors. Jumbo mortgage savings are sometimes even higher.
Because of numerous, fast-coming changes in the real estate market, Morales advises new home buyers and refinancing homeowners look for experienced loan officers who are keeping pace with the market. “It can make the difference in closing your loan or not and can cost you thousands if your loan officer is not up to speed on the new and rapidly changing guidelines.”
For Jumbo Loans and FHA Streamlines refinances in Texas, Morales is offering a $300 credit at closing simply by mentioning this press release.
MortgageRateNotifier.com:
New Texas home buyers and current homeowners who want to refinance can be ready when rates are lowered with Morales’ free mortgage rate notification service, MortgageRateNotifier.com.
- Set your target interest rate.
- Determine how you want to be notified.
- Your information is confidential. No hassle. No commitment. Non-intrusive.
About YourLoanOfficer4Life.com
Samuel Morales is approved with more than 50 lending institutions and is currently originating loans with Pathfinder Mortgage Group out of San Antonio and Austin. He originates Hard Money Loans, Commercial, VA, USDA, FHA, 203K Streamlines, Commercial Hard Money and Conventional Loans. YourLoanOfficer4Life makes the loan process simple. Whether you're ready to refinance or in the market for a new home, learn when to get qualified or subscribe to Samuel’s blog at www.yourloanofficer4life.com/MyBlog to stay informed.
Get today’s rates here: http://www.yourloanofficer4life.com/TodaysRates
No Appraisal
No income verification
Must have a 620 Middle credit score
$100 down HUD program/HUD foreclosures:
http://www.yourloanofficer4life.com/$100DownForHudForeclosure
We only originate loans in Texas
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