While there are few people in the world who would be happier than I if the below article comes to fruition, I don’t advocate waiting. The scariest part about predictions is they are just that. In an era of remarkable economic swings, I feel better safe than sorry. If refinancing is currently an option, jump. It’s not worth lamenting the .25% savings that COULD take place in the future. As always, please call me with any questions 208-371-4766 jennifer conklin.
I find myself taking for granted knowledge that surrounds me on a daily basis. One such oversight was recently pointed out by a dear friend. It’s called the Streamline refinance. It is for people with FHA and VA mortgages who would like a lower interest rate. Rates are moving between 4.75% and 5.25% on a regular basis, so if your rate is higher than 6%, now may be the time to take advantage of this program. It can be done with or without an appraisal and requires NO INCOME verification. The cost is low and in many cases, can be added to the principal, resulting in no out of pocket expenses. It takes about 3 minutes to determine if the refinance makes sense, so that’s relatively painless. For more information, please call Jennifer Conklin 208-371-4766 or email me Jconklin@Idahopmg.com