As things begin to return to normal, JTS wants to remind us all to shop locally.
With all of the moving parts to buying a home, it can be overwhelming.
Make sure to contact JTS today to schedule an appointment to figure out your home buying options.
Good morning, i?m jeff farnham.
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The world is gradually waking back up, and things are starting to go back to normal.
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Remember the power of local.
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Investing back into your community helps stimulate it economically and makes it stronger.
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Though our lobby is closed, know that j-t-s and company still strives to give you its best service.
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We are constantly monitoring your calls and emails until we can completely open back up to the public.
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Until then, please continue to call in or send emails.
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The interest rates remain at historic lows and now could be a great time to purchase a new home or refinance your existing one.
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As states reopen, so have house viewing and the drive to search for a home.
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There has been a positive increase in the number of people applying to purchase a home.
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Low rates have been consistent in the purchasing market, and the trend seems likely to continue.
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Those with good to excellent credit should consider taking advantage of this trend and lock in a low rate for a purchase loan.
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We are receiving calls about thirty year rates in the twos.
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It is true that you can get a rate in the two percent range, however, be cautious of your discount points.
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Points are a fee that you can pay at the start of the loan to lower the interest rate.
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Each point paid will reduce the interest rate by approximately 0.25 percent and will cost one percent of the loan amount.
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Most potential homebuyers don?t know that when they are ?shopping?
For rates, some banks or lenders quote you a very low rate, with points already built in to buy down the interest rate.
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There are a lot of moving parts, regulations, and details to keep in mind when discussing mortgage rates, fees, and other details of the mortgage transaction.
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While points aren?t necessarily a bad thing, they may not always be necessary.
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Just because a certain rate is possible, it does not mean that will be the best rate for you in the end.
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Until your credit profile and long-term goals are discussed, there is no way to know if this is the best way to go for your specific situation.
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At j-t-s and company, we understand that there is more to getting a mortgage than just pushing a button.
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We keep your goals and needs in mind as we structure your mortgage.
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With mortgage rates being at a such a low level, now is a great time to refinance.
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These lower rates can especially be seen in fifteen and thirty year fixed rates.
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If you are thinking about refinancing your home, now may be the time.
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These refinancing opportunities could allow you to save money on monthly payments as well as shorten the term.
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Both of these actions will save you money.
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There is an expected upcoming strong trend of refinancing as an effect of low interest rates.
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In the end, refinancing to a lower rate and term could save you thousands.
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It is always a good time to purchase or refinance a home when you are prepared.
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At j-t-s and company we strive to be your lifetime mortgage advisor.
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Let us help you because j-t-s and company is local.
Trusted.
And experienced.
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If you are on the journey to purchasing a home or refinancing your existing one, give j-t-s and company a call.
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We?ve been making homeownership easy since nineteen ninety six.
Thank you for joining me today, be sure to tune in next
Jeff Farnham of JTS & Co. Mortgage Professionals explains that, though much of the country is struggling to reopen amidst the..
