How Thick Will the Icing Be
on YOUR Mortgage Cake?
I write mortgage and real estate-related blogs. But I READ a lot of mortgage/real estate blogs too ... and the subsequent comments made to them.
Often, someone else's post or thoughts will provide inspiration for my own writing. That was the case this morning ...
Nicole Doty, Broker/Owner of Zion Realty in Gilbert, AZ, while commenting to a post of mine entitled, "Are You a Hopeful Home Buyer? Did You Just File Your Taxes?", stated:
"Depending upon the amount of the (income tax) return it could be the icing on the savings cake a potential home buyer was waiting for."
Nicole is right. The old adage of "timing is everything" is definitely appropriate when talking down payment funds coming from tax refunds.
And many hopeful home buyers are receiving tax refunds right now ... or will be soon. Tax refunds they hope to parlay into a down payment on a home purchase.
Pair those tax-refund-down-payment monies with the lower interest rates currently available and you have a pretty thick and sweet "icing" for your mortgage cake. Thicker and sweeter than the icing you'd have found on your mortgage cake even just a few weeks ago.
Yep! Timing is everything ...
Unfortunately, no one can predict precisely how long interest rates will remain this low. How long that "icing" can remain that thick. Even industry gurus can't agree.
So here's something to consider: If you're hoping to buy soon ... or somewhere down the road in 2016 ... now might be a pretty sweet time to get started.
The ingredients in your icing ... tax refund down payment and lower interest rates, could make for a pretty tasty cake. And great savings ... now and over the term of your loan.
If nothing else, contact me now to see what options and possibilities exist for you to buy a home or refinance the one you have. (IL & Wisconsin) Doing so will definitely benefit you when you make your mortgage application.
But up until that time, it will help save you money. Improved credit and finances benefit you everywhere in life.
The timing is right to take action. The time is now. Let's talk!
* Hoping to buy a home or refinance 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:
Mortgage Lender - NMLS #216987 - IL Lic. #0006220 - WI Licensed
American Portfolio Mortgage Corp.
Gene Mundt, Mortgage Originator, an Originator 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 and Wisconsin.
Your Referrals are Greatly Appreciated!