Interest Rates are still near all time lows. First time buyers can cash in on a government offered $8,000 credit if they purchase a home before the end of June 2010. Homeowners who are looking to upgrade to a bigger home or simplify and move into something smaller can cash in on a $6500 credit if they sell their current home and buy a new one before June 2010. With interest rates and prices so much lower than in past years and large tax credits being offered, there may never be a better time to buy a home than right now.
It is also an excellent time to look into refinancing. If you have an interest rate in the high 5s or low 6s you may qualify to save hundreds per month. The government has been very active in setting up new home loan programs to help thousands of homeowners save money on their mortgage. These are one of a kind opportunities that dont come along very often. You can use a downturn in the economy to your advantage if you act now and get the right advice.
Call Harry at 860-521-3800 or email at harry@elmtreefunding.com for free advice
Elm Tree Funding offers every type of mortgage available in the marketplace. Our experience will help guide you to the right mortgage for your situation. Residential, commercial, conventional or FHA
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