Skip to main content

Interest Rates Rumored to Rise Soon. What To Do to Save Yourself Money NOW


Interest Rates Rumored to Rise Soon. 
What To Do to Save Yourself Money NOW


     While many Economists, Banks, and Lenders are now assuming (and reporting) that there will be a rise in interest rates in the near future, that assumption is at best, an educated guess ...  

     A rise in interest rates has been predicted for quite a while now.  Yet, it's not happened to this point (at least from the standpoint of the Federal Reserve Bank)...

     That fact could be viewed as somewhat of a financial "gift" ... as lower rates have allowed many to get more financially "fit" or position themselves more favorably for their future.

     How was that possible?  

     And ...

     How can the remaining time prior to the predicted raising of rates play to your advantage financially?   

     Low interest rates over the last couple of years have helped many become first-time home buyers.  Higher interest rates ... paired with less beneficial down payment programs/options ... could have prevented many of those purchases.

     Lower interest rates also benefited home owners that chose to refinance and remain in their current homes.  Lower interest rates equate to real financial savings realized on mortgage payments each month.  

     Savings that can be better directed and utilized elsewhere by consumers ...

          Examples of where those savings can make a real difference:

  • Building Savings and Retirement Accounts
  • Equity-building Home Improvement projects
  • Paying-down or paying-off higher interest rate Credit Cards, Student Loans, or debt. 


     
     If you're thinking of:  

  • Buying a home 
  • Refinancing 
  • Performing Home Improvements
  • Re-negotiating lower interest rates on credit cards
  • Buying a car
  • Buying a 2nd home 
  • Purchasing a real estate investment property
  • More ...
     ... now is the time for you to take action.  

     Now, prior to any possible upcoming interest rate hike.  As those higher interest rates will weaken your financial muscle, weaken your buying power, and lessen any savings potential.

     The first important step you should take is that of fact-finding.  Contact me to discover what financial options you have at your disposal.  What financial steps make the most sense for you ... and will have the most impact. 

     Ask questions and get the answers you need to move yourself financially forward in a more positive direction soon.  I look forward to assisting you ...




     *  Hoping to buy a home in the greater Chicagoland area?  Contact me today.  I'll put my 37 years of mortgage experience and expertise hard to work on your behalf.
     I can be easily found at:

Gene Mundt

Mortgage Lender  -  NMLS #216987  -  IL Lic. #0006220  -  WI Licensed
American Portfolio Mortgage Corp.
NMLS #175656

Direct:  815.524.2280
Cell/Text:  708.921.6331
eFax:  815.524.2281


You're Invited to Follow Me at:

 Twitter Account of Gene Mundt, Mortgage Lender   LinkedIn Account of Gene Mundt, Mortgage Lender   Facebook Acct. of Gene Mundt, Mortgage Lender   Pinterest Acct. of Gene Mundt, Mortgage Lender   
 Trulia Acct. of Gene Mundt, Mortgage Lender   Zillow Acct. of Gene Mundt, Mortgage Lender   Gene's Chicagoland Blog/Gene Mundt, Mortgage Lender 

Gene Mundt, Mortgage Lender, a Lender with 37 years of mortgage experience, will offer you exemplary mortgage service and advice when seeking:  Conventional, FHA, VA, Jumbo, USDA, and Portfolio Loans in Chicago and the greater Chicagoland region, including:  The Lincoln-Way Area, Will County, (New Lenox, Frankfort, Mokena, Manhattan, Joliet, Shorewood, Crest Hill, Plainfield, Bolingbrook, Romeoville, Naperville, etc.), DuPage County, the City of Chicago, Cook County, and elsewhere within IL. 

Your Referrals are Greatly Appreciated!

  
     

        

     

     
     

     

Comments

Popular posts from this blog

Property Addresses: Gettin' Down to the Nitty Gritty

Property Addresses:   Gettin' Down to the Nitty Gritty

Take just a second and read through the following statements ...


“The devil is in the details” 
... "in life, it is often the tiny details that end up 
being the most important"

"Get Down To The Nitty Gritty"

“Little details have special talents in 
creating big problems!” 

“Sweat the details”

"Success is the sum of details"

Details ...Details ... it's all about the details ...
     And I'll admit it, I'm a bit of a nerd about them.  My whole family is.  Details, the intricacies, the little things ... they matter to us.
When I was growing up, a typical conversation (and argument) between my brothers and myself at the dinner table or in the backyard centered around "details".  It didn't matter what the topic was, it was the minor differences ... the details about the topic ... that we argued about.  I'm sure we drove our parents crazy.  
Sports statistics and games ... minutiae rega…

Ready for Fall? It's Arriving Soon

Ready for Fall?  It's Arriving Soon

Friend ...

Maybe it's because football season has started. Maybe it's the kids being back in school. Or because the night air is cooler. But a sense of Fall has arrived here in Chicagoland ...

The Fall Season brings changes with it. Changes in temperatures. Changes to the clothing we wear. Our focus seems to shift with the coming of shorter days, falling leaves, and crisp air.

Fall can be the perfect time to do a multitude of things. You can prep your home for the upcoming winter weather ... or for Fall listing and sale. 

But whether you're moving on or staying put, Fall is a great time to declutter and organize your home inside and out ... and your finances too.

I've googled like crazy to find interesting articles filled with Fall info, ideas, tips, and photos. Articles that will help you usher the Fall Season in at your house. I hope you enjoy reading the articles offered below and that they inspire you to make any needed changes.

Rem…

Paper or Paperless billing? Which serves YOUR needs best?

Paper or Paperless billing?  Which serves YOUR needs best?


These days, companies are under pressure to go "green" and become more environmentally friendly.  As a result, an increasing number of businesses are offering their customers a paperless option with which to receive and pay their bills. 

There are obviously many positives to be found within these paperless services:


Trees are saved  Reduced postage costs  Less paper documentation to organize or save/storePossible rewards for switching to paperlessPayments can often be made/posted same-dayAutomated payments can be set-upMore
But I can tell you from my vantage point as a Chicagoland/IL/WI Mortgage Originator, there are also negatives to be found within paperless methods.  For some of my mortgage clients, the choice of going "paperless" just hasn't worked well.

 For some, an email or text reminder regarding payment of bills has not been enough. They NEED a paper billing to arrive in their mail. 

Their paper bil…