We just experienced a huge mortgage rate rally! We have returned to levels unseen since May. Remember the ship that you missed? it just came back into port! Do not miss it again. This is a great time to take advantage of an FHA streamline refinance. What do you need to qualify?
THAT IS IT! NO income required , NO appraisal require , NO Assets required.
If you have an FHA loan, call me NOW. FHA streamline mortgage rates start at 4% for adjustable rates and 4.75% for 30 yr fixed rates. We even offer NO COST FHA STREAMLINES!
Do you have a JUMBO FHA loan (above $417,000) ? How about a 5/1 ARM at 4.5% with NO COST? On a $600,000 loan, you will save $480 per month for every 1% you drop in rate. You can take your 6% rate down to 4.5% with NO CLOSING COST and save $43,000 over the next 5 years under this scenario.
Josh Burley 301.881.8900 x125 www.choicefinance.net
Apply online now! @ www.choicefinance.net/apply
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125
Rates from 3.625%!
Rates hedge a bit higher this morning as the stock market rallied. We are still at the lowest levels we have seen since May! Call Josh Burley 301.881.8900 x125 for more details.
All rates listed below are BASE rates on a 30 day lock. Factors such as credit score, loan to value, occupancy, cash out, loan purpose, property state and lock period can change these rates for better or for worse. Please contact me today for a custom rate quote.
Please call for 10,15,20,25 and 40 year quotes. We also offer ARMS, Interest Only and Super Jumbo mortgages up to $2 million
Adjustable Rate Mortgage (ARM) Rates
5 yr FHA ARM from 3.625%
5 yr Conforming ARM from 3.75%
5 yr Jumbo ARM from 3.875%
30 yr fixed rate mortgage below $417,000
4.5% 2.625 points
4.75% 1.5 points
5% .25 points
Fannie Mae JUMBO mortgage 30 yr fixed rate (up to $729,000)
5% 1 point
5.375% NO POINTS
FHA mortgage rates and VA mortgage rates (up to $417,000) /FHA Streamline rates
4.5% 2.375 points
5% .375 points
***FHA STREAMLINE SPECIAL*** 5% NO POINTS
Call for pricing on NO SCORE and NO COST streamline refinances
VA Streamline mortgage Rates
5.00% 1 point
FHA JUMBO mortgage rates (up to $729,000)
5.00% 1 point
5.375% NO POINTS
FHA JUMBO STREAMLINE mortgage (Up to $729,000)
5.00% .855 point
5.25% NO POINTS
Contact Josh Burley today to lock your rate
301.881.8900 x125
Apply online now! @ www.choicefinance.net/apply
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125
In April of 2008 FHA expanded the maximum loan limit up to $729,000. This covered much of Maryland, and all of DC and Northern Virginia. Other counties, such as Howard County and Anne Arundel County received bumps up to $560,000. Borrowers were able to borrower up to 97% of the value of their home, this was necessary due to the decline in values. In the 17 months since the limits have been raised, the economy has further deteriorated and jobs have been lost making these high payments increasingly hard to handle. FHA mortgage holders then inquired about streamline refinancing, but many were told that they could not streamline because it was not available on "high balance FHA loans". That has now changed across the board and streamlining your Jumbo mortgage is a very attractive option. While fixed rates are very solid below 5.5%, you should take a long hard look at adjustable rates. Here is why:
4.5% 5/1 ARM - NO POINTS- NO OUT OF POCKET EXPENSE.
Let's say that you have a 6.25% fixed rate mortgage for $550,000- your current principle and interest payment is : $3386
Should you streamline into a 5/1 ARM at 4.5% your new payment would be $2835
If you are in a position to bring the equivalent of 1 mortgage payment to the table, you can get a rate as low as 4%! new payment $2671
To put that in perspective, you could save almost $43,000 over 5 yrs under this scenario.
I know an ARM is not right for everyone, but we are in a time where we have to look at things from a shorter term perspective. You should know the risks and rewards of the program and make an educated decision based on that. If you must have a fixed, I have JUMBO FHA fixed starting at 5% today!
For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .
Want to make sure you are getting the best interest rate? compare my interest rates to Quicken Loans, Bank of America, Wells Fargo, SunTrust, ditech, Citimortgage, Navy Federal Credit Union . You will see that my rates are 2nd to none. Work with a LOCAL MORTGAGE LENDER that is committed to giving you the best rate and service!
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125
From early March until May 27th we were enjoying record low interest rates. When I say low, I mean REALLY low. I was writing loans as low as 4.375% 30 yr fixed with ZERO points. Despite all of this, I had clients that refused to lock as they waited for 4% or even lower. Those clients got burned and will likely not make the same mistake again. Take a look at the chart below and you can see just how drastically the market can move in a day
WHERE WE ARE TODAY:
The market has stabilized, while still volitale we have many indicators pointing towards a very strong week for interest rates. But I do not care what is speculated to happen. I care about what is happening RIGHT NOW!
Get your loan application in today, do not wait for a ship that may never come in. If you can improve your financial situation today, do not sit around and wait for an extra 1/8th.
For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .
Want to make sure you are getting the best interest rate? compare my interest rates to Quicken Loans, Bank of America, Wells Fargo, SunTrust, ditech, Citimortgage, Navy Federal Credit Union . You will see that my rates are 2nd to none. Work with a LOCAL MORTGAGE LENDER that is commited to giving you the best rate and service!
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125
It is imperative to compare apples to apples when shopping for your mortgage.
Just because one broker offers you the lowest rate, it does not necessarily mean that they are offering you the best deal. To find out what the best option is for you, you must compare Good Faith Estimates side by side. Here are some important things to look for:
Most "junk fees" will be found in the 800 lines of the GFE. Below you will see what excessive fees will look like
The 800 section is what you need to pay the most attention to. Everything else is pretty much pre-determined. Such as title insurance, transfer taxes, etc....
Next you will have your pre-paid expenses. These will include Interim interest, Hazard Insurance, Property taxes and maybe even a month or two of HOA dues. While the broker cannot change these figures, a good broker will take the time to ensure accuracy. Almost every county makes tax information available online.
As you can see, it is not that difficult to compare various estimates, you just need to know where to look. Allow me to assist you with your new home purchase or refinance today. I will beat 95% of my competitors GFE's. If I cannot beat it, you know you are getting a great deal!
For updated USDA, FHA , VA, Conventional and Jumbo mortgage rates go to www.joshburley.net .
Josh Burley
Sr. Loan Officer
Choice Finance Corp.
www.joshburley.net
www.choicefinance.net
301.881.8900 x125
FHA, VA, Conforming and Jumbo loans. With 6+ years experience in retail and wholesale, I have what it takes to make your next mortgage experience, your best mortgage experience
Allow my experience to be your resource!
Thank you for visiting my page today. With 6+ years of mortgage finance experience, having worked both as a loan officer and a wholesale account executive for some of the largest banks in the world, I have the experience and knowledge that you need.
My business philosophy is simple:
Whether you are purchasing a home or refinancing your current mortgage, obtaining financing can be intimidating and stressful. This does not have to be the case. Only work with a professional that makes you feel like you matter! Call me today for a free no obligation rate quote!
Over the years, I have had several areas where I have specialized.
Most recently it has been FHA. Working for subsidiaries of Goldman Sachs and Barclays, I closed over 175 FHA loans in 2008. Many of those loans were FHA streamline refinances. While the premise of the streamline is simple, I know the little things that can help save you money, close faster and obtain a lower interest rate. If you have an FHA loan, call me today to inquire about a streamline refinance.
Recently, I have taken a great deal of interest in the Fannie Mae Refi Plus program. This is a program designed to help homeowners who have very little equity, or are upside down on there mortgage.The guidelines on this program change regularly. I have been able to help clients with this already. I have taken clients who had a 6.5% interest rate and a 95% LTV all the way down to 4.375% fixed with no mortgage insurance. If you have very little equity or are upside down on your mortgage, call me today to see if I can help you!
Of course I offer standard conforming loans, conforming jumbo loans up to $729,750, super JUMBO loans up to $3 million, ARM's, interest only and VA loans. As a broker, I have access to almost every program on the market. Allow my experience to be your resource!
Click here to see testimonials for myself and some of my colleagues at Choice Finance
Considering what's going on in the home loan and financial world Josh and Choice were easy to get along with and very professional.
Evelyn Aponte-Sacks and Howard Sacks of Potomac MD
"He (Josh) was very responsive and helpful during a difficult process"
-Brian Koepsell of Frederick, MD
We chose Choice Finance because the rates were low after searching many companies. Our loan agent, Josh Burley was absolutely wonderful from start to finish.
We have refinanced in the past and have never received the type of service that he provided. He didn't make us feel that we were in the dark about anything, he was polite and answered every question that we had. He kept us informed with each step along the way and even got us a lower rate than we requested!
I wouldn't hesitate in a heartbeat to use Josh Burley and Choice Finance again and recommend him to anyone we come in contact with.
Ronald & Michelle Habrat
of Glen Burnie, Maryland
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