With the holidays approaching, chances are many homeowners will find themselves wishing they had some wiggle room with their monthly bills. One payment where they can likely find some relief is with their home loan. While no one can predict how long mortgage rates are going to last, most people would agree that rates are at low levels making now an important time to consider refinancing into a lower mortgage payment.

Reduce Your Monthly Payment With a Mortgage that Makes Sense

Many New York residents carry a mortgage with an unnecessarily high interest rate and are missing the opportunity to use that extra cash for other expenses. The end of the year can be packed with holiday purchases and an increase in utility costs, starting your new year off with a new load of debt. By refinancing now when rates are low, you can begin managing your spending and saving and start 2011 off with a little extra breathing room.

Work with a New York Loan Professional

Evaluate your financial goals and see if a New York loan is the right choice for you. As a Quicken Loans mortgage professional licensed in New York, I have helped many clients refinance into a lower mortgage payment and save thousands of dollars over the life of their loan. Research your refinance options, and if you're ready to move forward, get in touch with me at Quicken Loans today!

In a telling sign, applications for mortgage refinancing climbed 21 percent last week, while home loan purchase applications fell 8.5 percent according to NYDailyNews.com.

"There are about 18.5 million households that should be in the hunt to refinance," says Mark Zandi, chief economist at Moody's.

This is really no surprise, as mortgage applications continue to jump up as mortgage rates stay at record lows. Really, rates haven't been this low since Eisenhower was president in the 50s!

So is refinancing right for you?

Historic Low New York Mortgage Rates

Evaluate your financial situation and see if refinancing is the right choice (it probably is). Refinancing will save you cash by lowering your monthly mortgage payment. Depending on your financial situation, you could save thousands in interest by locking-in a lower rate.

While many are extremely cautious with any large financial decisions because of the faltering economy, I think everyone should at least consider refinancing before rates go back up. As good friend and Vice President of Quicken Loans Joel Gurman says "Don't float on rates, lock-it in!"

Lower Your Monthly Payment with New York Mortgage Rates

No one is sure how long these historic mortgage rates are going to last, but there's no denying that the time to get started on that home refinance you've been wondering about is right now.

As a Quicken Loans home loan expert licensed in New York, I have helped many clients buy a new home or refinance into a lower monthly mortgage payment with the low New York mortgage rates that are available. Whether you're looking for FHA Loans, VA Loans, fixed-rate, or adjustable rate mortgages, if you're ready to move forward get in touch with me at Quicken Loans today!

Now is the best time refinance, there's no doubt about it.

Mortgage rates are at historic lows. This has caused a surge in refinancing by New York homeowners.

According to NYDailyNews.com, the number of refi applications has received rocketed more than 50% in the past month.

Restrictions on qualifying have tightened since the mortgage meltdown. So making sure you qualify is the first step to saving cash with a refinance.

"Unfortunately, there are a lot of people who can only read about the low interest rates," said Melissa Cohn, CEO of Manhattan Mortgage Co. "For those who qualify, it's huge."

Homeowners who do land the coveted loans stand to save big. Those who get 30-year fixed-rate mortgages could potentially lower their monthly payments by thousands of dollars each year. Those who switch to 15-year fixed-rate mortgages from 30-year loans will also get record-low rates and ultimately spend tens of thousands of dollars less in interest in paying off the loan, though their monthly tab will be larger.

Whether you're in East Village or have a place uptown, now is a great time to think about refinancing your home.

Act Now with a New York Refinance

No one is sure how long low mortgage rates are going to last, but there's no denying that the time to get started on that home refinance you've been wondering about has come. While many are extremely cautious with any large financial decisions because of the faltering economy, I think everyone should at least consider refinancing before rates shoot back up.

Evaluate your financial situation and see if a New York refinance is the right choice. As good friend and VP of Mortgage Banking at Quicken Loans Tim Birkmeier says "Empower yourself and secure your financial future."

Talk to a New York Refinance Expert Today

As a Quicken Loans home loan expert licensed in New York, I have helped many clients buy a new home or refinance into a lower monthly mortgage payment with a New York refinance. Whether you're looking for FHA Loans, VA Loans, fixed-rate, or adjustable rate mortgages, if you're ready to move forward get in touch with me at Quicken Loans!

French soccer star Thierry Henry has just bought a penthouse in New York City for

$9 million, reports NYDailyNews.com.

The recently-signed New York Red Bulls star purchased a fancy five-floor, triple-bedroom suite that should help Henry feel right at home in his new city.

The new pad features two steam showers in the master bedroom. Not too shabby, right?

Ok, so most of us can’t afford a $9 million apartment in SoHo. And we’re probably not thinking about making any huge financial investments. Most of us are still cutting back (as we should be). But, there is good news, though!

Refinance with New York Home Loans

If you’re going to wait out the economic storm, mortgage rates are at record lows. Really, rates haven’t been this low since the very first McDonalds restaurant opened. No one is sure how long low mortgage rates are going to last, but there’s no denying that the time to get started on that home refinance you’ve been wondering about is right now.

Work with a New York Home Loans Expert

This is a great opportunity to evaluate your financial situation and see if refinancing with New York home loans is the right choice (it probably is). Depending on your financial situation, you could save thousands in interest by locking-in a lower rate.

I know many are still treading lightly because of the faltering economy. But, everyone should at least consider refinancing before rates go back up. As good friend and mortgage expert Joel Gurman says, “Rates may never be this low again!”

As a Quicken Loans home loan expert licensed in New York, I have helped many clients buy a new home or refinance into a lower monthly mortgage payment. Whether you want to refinance or buy a home, if you’re ready to move forward get in touch with me at Quicken Loans today!

While historically low mortgage rates have caused a New York mortgage refinancing boom, the housing market is still slow. And now, mortgage rates are inching higher.

"What's hurting the housing market right now isn't mortgage rates," said Michelle Girard, senior economist at the Royal Bank of Scotland in a recent NYDailyNews.com article. "It's a lack of confidence about the U.S. economy. It's concern about losing a job."

Even the lowest interest rates in memory couldn't lure buyers from the sidelines. Sales remain abysmal. The National Association of Realtors reported sales of previously occupied homes plummeted 27 percent in July, the worst showing in 15 years.

It's not all bad news. Homeowners are taking this historic opportunity to refinance and ensure themselves some much-needed financial security in these uncertain times.

Take Advantage of New York Mortgage Refinancing

While mortgage interest rates have inched up, they are still at record lows. Really, rates haven't been this low since they opened up the first McDonalds in the 50's! No one is sure how long low mortgage rates are going to last, but there's no denying that the time to get started on that home refinance you've been wondering about is right now.

While many are extremely cautious with any large financial decisions because of the faltering economy, I think everyone should at least consider refinancing before rates go back up. As good friend and President of Quicken Loans Jay Farner says, "Rates may never be this low again!"

Talk to a New York Mortgage Refinancing Expert

Evaluate your financial situation and see if New York mortgage refinancing is the right choice. Refinancing will save you cash by lowering your monthly mortgage payment. Depending on your financial situation, you could save thousands in interest by locking-in a lower rate.

As a Quicken Loans home loan expert licensed in New York, I have helped many clients buy a new home or refinance into a lower monthly mortgage payment with New York mortgage refinancing. Whether you're looking for FHA Loans, VA Loans, fixed-rate, or adjustable rate mortgages, if you're ready to move forward get in touch with me at Quicken Loans today!