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  • The first time homebuyer: Simply put, there will likely not be a better time in your life to buy a home. The rates are at a record bottom low, plain and simple, and waiting a year or two when rates are likely to hike back up could be the difference of $100,000 or more. The market is hot, it's time to take advantage of it.

    I'd Love to Help

    My position in Gardner is to be a man of service. Whether you are looking for a means to refinance, thinking of purhcasing your first home, or looking to upgrade from your current dwelling, I am here and would love to help. The current state of the economy will not last forever, and according to CNBC News, mortgage lenders are already starting to drag their feet or outright refusing new applicants because of the influx of calls coming in for all the reasons I've just discussed. Now is the time. 


  • Coronavirus Leads to Buying Fever

    First off, this is me--not a robot. 

    Good, now that we've got that out the way, here is some real news that by this point probably is not news: mortgage rates on Monday hit 3.11%. That's the lowest they've ever been. Here's why, and here's what that means.

    The corona virus has hit the contiguous United States and is directly impacting the economy. On Monday, the Dow Jones Industrial Average fell over 2000 points shortly after Wall Street's opening bell--a historic drop--and the S&P 500 fell over 7%. Combine that with the conflict over oil prices between Russia and Middle Eastern exporters falling apart on the same day, and we have ourselves what appears to be a turbulent, downward spiraling economy. BUT! Hold on to your seatbelts, because this economic rollercoaster has as big of a upward silver lining as it does its negatives: the housing market. 

    Mortgage Rates Have Never Been Lower, and There Still May Be More To Come

    There are two main types of people who this will affect more than others. 

    1. The mortgage paying homeowners: If this is you, then it is absolutely time to look into refinancing your home. Here is a scenario: you and your spouse take out a 30 year mortgage for $350,000 with a 3.7% interest rate (very good) and put down 20% as a down payment. Combined with the loan's taxes and insurance, you are on track to paying $912,470.21. Yikes. But if you take action now and refinance your loan at a rate of 3.5% over 20 years, you could be saving yourselves hundreds of thousands of dollars. (It could also be a good time to sell you home and upgrade).
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