In recent years, many homeowners have experienced a significant increase in their home equity. However, this positive trend often coincides with rising credit card debt. With interest rates on credit cards frequently exceeding 20%, it’s easy to see how the burden of debt can feel overwhelming. Minimum payments may stretch for decades if no further charges are made, making it crucial to find an effective solution.
Time to Consolidate to Eradicate!
One powerful option is a Home Equity Loan. These loans typically offer much lower interest rates compared to credit cards, allowing you to consolidate your debt and access cash without jeopardizing the favorable rate on your existing mortgage.
By using a Home Equity Loan to pay down high-interest debt, you can regain financial control and potentially save thousands in interest payments over time. Additional cash out could even be available for Home Improvements, College Tuition, Dream Vacation, etc.
If you’re interested in exploring your Home Equity Loan options, give us a call at (303) 650-9400 or click on "Apply Now". There’s no cost or obligation, and we’re here to help you take the next step towards financial freedom.
For many, the dream of homeownership can feel out of reach, especially when faced with the daunting task of coming up with a large down payment. But don’t let that stop you! If you're eager to step into the world of homeownership, we have options that can make it easier.
Grant Programs to Help You
We offer special grant programs that can cover part or even all of your down payment and closing costs. These grants do not need to be repaid, which means you can focus on making your home yours without the stress of paying back additional funds. It's an opportunity to move forward without the financial hurdle that often holds people back from buying a home.
Why Now May Be the Best Time to Buy
There’s no need to push your dream of owning a home to a later date. With the current market conditions, this could be one of the best times to buy. Taking action now can potentially save you money in the long run, whether through lower interest rates or more favorable housing prices.
Let Us Help You Achieve Your Dream
Homeownership is more attainable than you think. Don’t wait for the perfect time—take advantage of the resources available to you today. Give us a call at 303-650-9400, and let’s work together to make your homeownership dreams a reality.
The door to your new home is closer than you think!
On September 18, 2024, the Federal Reserve lowered its rate by a significant 0.50%. Normally, a rate cut of this magnitude would be expected to lead to lower borrowing costs across the board, including mortgage rates. However, in this case, mortgage rates have actually moved slightly higher. So, what’s behind this seemingly counterintuitive trend?
One explanation could be investor concerns that the Fed’s aggressive rate cut might stimulate the economy too much, leading to higher inflation. Typically, lower rates encourage borrowing and spending, which can boost economic growth. However, if this growth outpaces productivity, inflation may rise, eroding purchasing power. When inflation fears increase, bond investors demand higher returns to offset the risk of future inflation, which can push mortgage rates up.
Another factor is uncertainty about future Fed actions. While the recent 0.50% reduction was larger than expected, some investors now fear that the Fed may have less room to cut rates in the future if inflation rises. If the central bank finds itself needing to fight inflation, it could be forced to slow or halt future rate cuts, or even raise rates again. This uncertainty contributes to upward pressure on longer-term interest rates like those on mortgages.
There’s also speculation that the Fed’s decision to make such a large cut could signal deeper concerns about the economy. Some believe that the Federal Reserve may be responding to signs of a slowing economy that aren’t yet evident in the data, such as weakening consumer spending or a potential slowdown in key industries. If that’s the case, the Fed’s move could be an attempt to provide a cushion against an impending economic downturn.
Meanwhile, the bond market has reacted conservatively. Bond yields, which influence mortgage rates, haven’t dropped as much as expected following the Fed’s decision. This is another indication that investors are hedging against future risks, particularly inflation. Mortgage lenders tend to follow the bond market closely, so when bond yields rise or hold steady, mortgage rates typically follow suit.
While the initial reaction to the Fed’s rate cut has been a slight rise in mortgage rates, the coming months will offer more clarity. Economic data on inflation, employment, and consumer spending will play a critical role in shaping the direction of both Fed policy and the bond market. As new information becomes available, mortgage rates may adjust accordingly, either moving higher or finally dipping lower in line with the Fed’s rate cut.
We are always looking for ways to save you money! In anticipation of the new 2025 conventional conforming loan limit increase we are now able to offer loans up to $802,650 whereas the prior limit was $766,550. So if the loan you are working with now exceeds $766,550 but is at or below $802,650 this can mean a substantial interest rate savings. Call us today at 303-650-9400 to get an updated quote!
In today’s high-interest-rate housing market, finding an affordable mortgage is essential. That’s why we’re offering a 30-year fixed-rate 2-1 Temporary Buydown to make homeownership more accessible.
This mortgage option lowers your interest rate during the first two years:
Unlike traditional buydowns, the lender covers the cost, meaning no negotiations with the seller. It’s a great way to ease into homeownership with lower payments upfront.
Pay off your mortgage early or make extra payments without penalties, saving you money over time.
This 2-1 Temporary Buydown makes homeownership more affordable with lower initial interest rates and flexible terms. Visit AHomesBestMortgage.com or call us at (303) 650-9400 to learn more and take the first step toward owning your new home!
In today’s housing market, securing the best possible mortgage deal can make all the difference for primary residence homebuyers. We understand the challenges that come with finding a home within budget while managing the high interest rates. That's why we're excited to introduce a special offer to ease the process: a **30-year fixed-rate 2-1 Temporary Buydown! Our 2-1 Temporary Buydown offer is designed to help you get into your new home more comfortably and confidently. With the first two years featuring reduced interest rates and the cost covered by our lender, you can focus on settling into your new home rather than worrying about high initial mortgage payments. Plus, with no prepayment penalty, you have the flexibility to pay off your loan on your terms.
Traditionally, buydowns were paid by the seller or realtor. However, under this special program, **our lender will cover the cost of the buydown**, providing you with immediate financial relief without the need to negotiate these terms with the seller. This offer makes homeownership more accessible and budget-friendly, especially during the initial years of your mortgage.
Contact us today at (303) 650-9400 or click on "Special for New Home Buyers" to learn more about this exclusive offer. Your new home is within reach, and we’re here to help make it happen.
A 40-year mortgage offers distinct advantages for homebuyers looking for lower monthly payments, increased purchasing power, and improved cash flow. While it may not be the right choice for everyone, especially those who prioritize paying off their mortgage quickly, it can be a smart option for those who need financial flexibility or want to maximize their investment potential. Before deciding, it's important to consider your long-term financial goals and consult with us here at A Home's Best Mortgage to determine if a 40-year mortgage aligns with your needs.
While predicting exact future rates is challenging, the current economic indicators suggest that lower rates may be on the horizon. If you're considering making a financial move now—be it buying a home, refinancing, or even taking out a second mortgage or Home Equity Loan (HELOC) take steps to prepare for these potentially lower rates and ensure you're positioned to benefit when they arrive. While securing a favorable rate is important, don't overlook the significance of keeping closing costs to a minimum. High closing costs can negate the benefits of refinancing when rates drop. When securing a mortgage, opt for terms that do not include prepayment penalties. This will allow you to refinance easily when rates drop, without incurring extra costs. Look for lenders such as A Home's Best Mortgage that offer low or no closing cost loans. This can help to ensure that you're ready to capitalize on future rate decreases.
With more homes hitting the market and mortgage rates trending downwards, now is a great time to buy. As rates continue to fall, we expect an influx of buyers, which could drive prices up. Securing a home now could mean less competition and a better deal for you.
Experts anticipate the Federal Reserve will lower rates later this year, likely leading to even lower mortgage rates. When that happens, we expect a surge in buyers, making it tougher to find your dream home at a great price. Act now to take advantage of the current market conditions by calling us at (303) 650-9400 or apply now!
Home equity loans for the self-employed can be a bit more challenging to secure than for those with traditional employment due to the variability in income. The traditional method of using tax returns may not work for you so we have an alternative of using 12 to 24 months bank statements. By focusing on lenders that accommodate self-employed borrowers and leveraging your bank statements to demonstrate income, you can access your home’s equity while preserving your favorable first mortgage rate. If you would like to explore the opportunity simply give us a call at 303-650-9400 or click on contact us.