If you feel like the historically low mortgage rates of the last few years are here to stay – think again. Buyers and homeowners who want to lock in a low mortgage rate should act now! It’s time to take (home) ownership. Literally.
For 40 years, De Young Properties has been building homes in the Central Valley. They understand that financing is the final (and most daunting) hurdle for most families, and together, with their affiliate De Young Mortgage, offer families smart, one-stop financing to make the home buying experience as simple and satisfying as possible.
We understand that the process can be overwhelming but you aren’t alone! Here are our top mortgage tips for 2014:
- Documentation is Your Friend – New 2014 regulations mean lenders will be stricter than ever. The more documentation you have (tax returns, bank statements, W-2’s, proof of assets, etc.), the better.
- Lock and Load – The Federal Reserve is expected to pull back on the economic stimulus program, and analysts predict mortgage rates could go up this year – so lock in a low rate as soon as it makes sense for you and your family. Talk to a De Young Mortgage loan specialist regarding the 6 month rate lock.
- Asking Makes the Difference – Explore the possibility of refinancing. With a little bit of information, a De Young Mortgage loan specialist should be able to run the numbers and see if refinancing makes sense for you. If it does – you’ll be glad you asked! (more…)