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Recovery is in Full Swing in Lee County Florida 239-541-5307 |
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Do the math yourself to see if refinancing makes sense. Now
is the best time to refinance. Here’s why.
Rates
are at historic lows. A 15
Year fixed rate loan was just locked at 4.875% interest.
These low rates, which are tied to 10- year money rather than the
Federal Funds Rates has started back up already.
With rates already so low, the chances are
rates will be higher in the future. There
is growing evidence that we have reached the bottom!
See the News Section. Appraisals are still good. You
have great loan choices and can close and get your money in a matter of
days! Appraisals
may actually go down for the next several months even
if the market has started up. Appraisals
are based upon 12 months trailing sales.
Even if prices start up, appraisals may fall because older sales
(higher sales) will drop off. As
a result, it is probable that your appraised value will fall despite
improving market conditions. |
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| Thank you to all the kind people who have supported and contributed to this page. There is strong evidence from many of us in the real estate business that improvements are happening before very our eyes. I welcome additional information from everyone who wants to share why now is a great time to buy in our community. I will set up links to everyone (If they wish) who contributes to our shared success. | ||||
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Copyright © 2008 CapeFunding |
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Mike
Pfaff 