Interest Rates Rumored to Rise Soon.
What To Do to Save Yourself Money NOW
The Federal Reserve, economists, banks, and lenders are now reporting that there will be (possibly up to 3) rate hikes during the upcoming year. That rise in interest rates has been predicted for quite a while now.
The lower interest rates we have enjoyed over the past few years are likely coming to an end, but not before they have acted as and benefitted many as a financial "gift" of sorts. While the ongoing pandemic has interjected financial challenges for many over the past couple of years, the lower interest rates in effect have also allowed many qualified borrowers to buy a home, or at minimum, 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?
Even with the escalating home prices seen, advantageous low interest rates over the last couple of years have helped many become first-time home buyers. Those low rates, paired with beneficial more lenient down payment programs and mortgage options, made many of those purchases possible.
The lower interest rates also benefited homeowners 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:
If you're thinking of:
Why? Higher interest rates weaken your financial muscle, weaken your buying power, and lessen 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, refinance, or build a home in the greater Chicagoland - Illinois - Wisconsin area?
How was that possible?
And ...
How can the remaining time prior to the predicted raising of rates play to your advantage financially?
Even with the escalating home prices seen, advantageous low interest rates over the last couple of years have helped many become first-time home buyers. Those low rates, paired with beneficial more lenient down payment programs and mortgage options, made many of those purchases possible.
The lower interest rates also benefited homeowners 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 ...
Why? Higher interest rates weaken your financial muscle, weaken your buying power, and lessen 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, refinance, or build a home in the greater Chicagoland - Illinois - Wisconsin area?
Contact me today. I'll put my 40 years of mortgage experience and expertise hard to work on your behalf.
I'm easily found at:
I'm easily found at:
Gene Mundt
Mortgage Lender - NMLS #216987 - IL Lic. #0006220 - WI Licensed #216987
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:
Gene Mundt, Mortgage Originator, an Originator with 40+ 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, Frankfort Square, Joliet, Shorewood, Elwood, Lockport, Wilmington, Crest Hill, Symerton, Braidwood, Channahon, University Park, Beecher, Plainfield, Bolingbrook, Romeoville, Tinley Park, Homer Glen, Crete, Peotone, Naperville, etc.), DuPage County, Kane County, Grundy County, the City of Chicago,
Cook County, and elsewhere within IL & WI.
Referrals are Appreciated & Welcomed!
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