Despite the crawl out from the recession, now could be a great time to refinance your mortgage here in Suburban Chicago.
Right now there are a ton of federal programs that you could miss out on if you choose not to reginance now! They could save you money and help in the economic recovery.
Federal mortgage refinance programs have helped more than 2 million homeowners refinance their home loans to help them save money on their mortgage payment and stay in their homes. Also, right now, rates are stable and LOW! Hovering around the 5% mark.
In fact, around 2.2 million homeowners have saved an average of $120 a month on their payment. a 10.5% reduction from their previous payment.
Refinance activity will result in $2.3 BILLION in mortgage payment savings for borrowers who refinanced in the first half of 2009. Over the next five years those savings for 2009 will grow to $11.5 BILLION!
Also, now homeowners do not need to look just to their existing lender/servicer for refinance options.
Since Oct. 1, 2009, homeowners got the option to shop around and refinance through any Fannie or Freddie lender.
In addition to lowering your monthly payment, a refinanced mortgage can move you to a fixed or adjustable rate, shorten the term of your home loan, or let you tap home equity – with a lender’s approval.
Having low rates means that now is the best chance to buy a home before rates rise and prices go up again! Now could be the best chance to take advantage of the market as the recovery continues…
Whether you are a first time buyer trying to determine how much you can afford, or an experienced buyer who is selling your current property and ready to buy your next home I can help you with all your real estate needs in the Chicagoland Northwest Suburbs Area.
Finding your dream home or finding a buyer is only part of the challenge of a successful transaction. Click here to search Bartlett IL, Schaumburg IL and the Hoffman Estates using our complimentary MLS Search service. You can also view our fantastic range of featured properties!
Alternatively please contact me today if you need more specific assistance in your real estate needs. You can call the office on: 847-874-6731 or Cell phone on: 847-913-2606 or of course email me at: Joe@JoeStacy.com
My expertise, experience and dedication to you and your specific needs are anything but average – it’s why this office is number one in the Northwest Suburbs year after year!
Joe Stacy
2570 W. Schaumburg Rd
Schaumburg, IL 60194
