Monday, October 18, 2010

Richard Balles at A-K Real Estate, gives you Refinancing ideas

Need extra financing to improve your current home?
Have little equity, but want to update that kitchen or bathroom?

Refinancing Today May Help Build Equity for Tomorrow and Richard Balles at A-K Real Estate can help you do it!

The last time mortgage interest rates were this low, Dwight Eisenhower was playing golf on the White House lawn, and the magical invention of television was capturing the attention of families everywhere.

Curious whether today's historically low rates can benefit you? This may be an opportune time to explore refinancing to reduce your monthly payment. Yet some homeowners are hesitant to take the first step. Many aren’t certain they can qualify, or the process intimidates them. It doesn’t have to be that way.

A-K Financial's mortgage specialists like Richard Balles, is here to help you with every detail.

The knowledgeable and friendly staff at A-K Financial can guide you through the process and explain your options. There are now many government programs available for qualified borrowers, even if your home value has declined in the current market. Here are some examples by Richard Balles our mortgage specialist :

  • Home Affordable Refinance Program (HARP)
HARP may allow eligible homeowners to take advantage of today's lower interest rates. HARP is designed for many conventional loans, and the application may not require an appraisal. In many cases, the closing costs can be financed into the new loan.

  • FHA Streamline Refinance
For eligible borrowers who already have an FHA loan, the “FHA Streamline Refinance” allows them to take advantage of today’s lower interest rates, often without an appraisal.

  • VA Interest Rate Reduction Refinancing Loan (IRRRL)
Sometimes called a “VA Streamline Refinance,” the VA IRRRL is available when transferring one VA loan to another. Benefits include no out-of-pocket costs, no appraisal in some cases, and no income verification.

Do you have a long-term fixed rate mortgage? If so, you might consider refinancing to a shorter mortgage term. Shorter-term mortgages may help build equity quickly. With today’s low rates, your payment could remain low while you reduce the term of the loan by many years.

Current global economic conditions have provided an environment for incredibly low rates. How long will it last? No one knows. Don’t miss this chance to find out if you can lower your mortgage payment or help build equity faster.

Our experienced loan consultants can give you a no-cost, no-obligation home financing analysis. Contact Richard Balles or our Customer Service today at 1-240-720-7313 to schedule your mortgage “check up.”

All first mortgage products are provided by A-K Financial, LLC. A-K Financial is an affiliate of A-K Real Estate. Please speak to your real estate agent for more information on this affiliation.
Refinancing makes sense only if the new rate is at least 1% or is lower than the rate on your current mortgage. The loan officers at A-K Real Estate can help you decide if refinancing is right for you. Contact us today to find out more!... (For your protection, we remind you that this is an unsecured email service that is not intended for sending confidential or sensitive information. Please do not include your social security number, account number, or any other personal or financial information in the content of the email).

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