NOW IS THE TIME!

During recent weeks mortgage interest rates have dropped to near record lows. At the time of this publication, interest rates on home loans were in the lower 5% to the upper 4% range. On a $150,000, 30-year, fixed rate mortgage at 5%, the principle and interest payment would be only $805.23.
If you are thinking of buying a home in the foreseeable future, now may be the time. While some are saying mortgage rates my go lower, no one knows for sure. They have very rarely been lower than they are now. This is an especially good time to move up to a larger, more expensive home. You can save on the price and on the financing.
Should you plan to stay in your current home for several years and have an interest rate in the upper 6% or higher range, you should consult a mortgage professional to discuss the benefits of refinancing.
Contact me at slaunchbaugh@cbtulsa.com to learn how much you can save if you purchase a home now or to get the name of a good mortgage lender if you prefer to refinance.