The Wollak's bought their spacious 2 story home in Farmington in June of 2007. In January of 2008 interest rates had dropped quite a bit and because they were on my "rate watch list" there was an opportunity to save them money every month as long as they are in their home.
With a phone call, some paperwork and an appraisal, we where able to lower their interest rate and reduce their mortgage insurance premium. This took them all of about an hour to get me their taxes and then sign the paperwork once they were approved for their fixed rate loan.
If you could save several hundred dollars every month for as long as you are in your home, would you invest 20 minutes to get some documents and then a week or two later sign the final paperwork? The bank covered their closing costs so there were Zero fees and no add on to their principal balance.
Remember, all you have to do is give me a small amount of information up front, including your name/address, loan balance and interest rate. If rates dip down where I can lower your interest rate AND have the bank cover ALL of your closing costs, I will get in touch with you, confirm, and proceed forward with our plan.
If you are not already signed up for this FREE program, please call me right now at 651.210.9593 or send me an email to jay@jaydacey.com before you miss out on the next rate dip.
Another Success...Could You Be Next?
I had a nice sized loan fund yesterday for a client, Alex, from Marine on St Croix, MN. His interest rate was at 6.875% and I was able to lower his interest rate to 6% on an interest only loan with NO Closing Costs.
How does this work? His rate of 6% included a "yield spread premium" from the bank. I was able to take that premium and apply a portion of it to cover his closing costs (bank fees, appraisal, credit/underwriting costs, title closing fees, government recording fees, etc...)
If you have a "Jumbo" loan (or anything over 300,000), have 10% equity in your home, have good credit (we can go as low as 650 but better if you're 720+) documented income and are paying more than 6% interest, CALL ME right now at 651.210.9593 or apply online at www.MNRealEstateLoans.com
Thanks So Much and We'll Talk soon.
Jay
How does this work? His rate of 6% included a "yield spread premium" from the bank. I was able to take that premium and apply a portion of it to cover his closing costs (bank fees, appraisal, credit/underwriting costs, title closing fees, government recording fees, etc...)
If you have a "Jumbo" loan (or anything over 300,000), have 10% equity in your home, have good credit (we can go as low as 650 but better if you're 720+) documented income and are paying more than 6% interest, CALL ME right now at 651.210.9593 or apply online at www.MNRealEstateLoans.com
Thanks So Much and We'll Talk soon.
Jay
What Is A NO closing cost loan?
Just what it sounds like! Let's say you, like many other people, purchased a home in 2006 at 6.5% with good credit and a down payment.
Today's rates are 5.5% and you can get those if you want to pay closing costs.
A smarter option for many is to take a rate of say, 6% and the mortgage company will pay your costs out of the money they get from the bank up front for handing the bank a 6% loan instead of a 5.5% loan.
Look at it this way, if you are paying over 6% right now, call me at 651.210.9593 and I can lower your rate for you with no closing costs and minimal paperwork.
If your boss said, go down to HR and sign some paperwork for a 1,000/year raise, you would, wouldn't you?
Today's rates are 5.5% and you can get those if you want to pay closing costs.
A smarter option for many is to take a rate of say, 6% and the mortgage company will pay your costs out of the money they get from the bank up front for handing the bank a 6% loan instead of a 5.5% loan.
Look at it this way, if you are paying over 6% right now, call me at 651.210.9593 and I can lower your rate for you with no closing costs and minimal paperwork.
If your boss said, go down to HR and sign some paperwork for a 1,000/year raise, you would, wouldn't you?
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