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For the Lowest Mortgage Rates When Buying a New home

 

You Are About To Discover All The Information You Need To Make An Informed Decision About Obtaining A Mortgage and getting the Lowest Mortgage Rates in Florida

 

My name is Christian Penner. I want to thank you for taking the time to visit my Blog, where I guarantee you'll find plenty of helpful information to assist you in purchasing your new home or refinancing your current mortgage. I am a   Mortgage Brokers West Palm Beach serving , Florida and the surrounding areas.

 

FREE Home Buying Guide Reveals Insider Tips Other   Mortgage Brokers West Palm BeachDon't Want You To Know...When Buying a New Home

Purchasing a home is most likely the largest financial transaction of your life. Unfortunately, most people enter into this transaction blindly and make mistakes that may cost them tens of thousands of dollars over the lifetime of their loan.

Although sharing these secrets may not make me popular with the other Florida mortgage lenders, I am more concerned that you have all the information you need to make an informed decision when shopping for a mortgage. So, I have created a free guide that contains extremely valuable information designed to help you avoid costly mistakes when navigating the mortgage loan process.

To receive this free guide and other home buying tips, simply fill out the fields below and I will send you your first insider secret by email immediately.

 

 

If you're planning to buy your next home, your first home, that dream home, a condo, vacation home, investment property or looking to refinance in Florida or the surrounding areas, you will find that this site is a complete resource full of insider secrets that will allow you to choose the loan program best suited to your financial needs.

I make it fast and easy for all kinds of people-including first-time homebuyers, small business owners, and homebuyers with perfect or less-than-perfect credit to get the loan you need for the home you want.

Make sure you register to receive my Free Homebuying Guide and Insider Mortgage Reports, browse my Resources section, fill-out a FREE No-Obligation Secure Online Loan Application, or call me in my , Florida office at 561-373-0987. I am here to help you with all your mortgage needs.

Got a Quick Question You Want Answered Today?

Click the "Ask A Question" button below to send us a message by email or feel free to call my , Florida office at 561-373-0987.

Before you leave, make sure you review the Florida Home Buying Resources, Insider Reports and  Mortgage Calculators. All are designed to help guide you through the home buying process so you avoid making costly mistakes.

 

 

7 Things You Should NOT Do When Applying For A Home Loan


The following is a sample of this report:

  Mortgage Brokers West Palm Beach  gives you a list of things to steer clear of when you are seeking to obtain financing for a home. The following items may prove to be a detriment when you wish to move forward with the loan process.

  • Don't buy or lease an auto!  Lenders look carefully at your debt-to-income ratio. A large payment such as a car lease or purchase can greatly impact those ratios and prevent you from qualifying for a home loan.
  • Don't move assets from one bank account to another!  These transfers show up as new deposits and complicate the application process, as you must then disclose and document the source of funds for each new account. The lender can verify each account as it currently exists. You can consolidate your accounts later if you need to...
To receive the complete contents of this special report titled "7 Things You Should NOT Do When Applying For A Home Loan" and get vip access to the rest of our FREE home loan success reports, simply fill out the form below and we will send you an INSTANT ACCESS link to the email address you provide below.

Also, make sure you register for our Insider Mortgage Secrets, browse our Homebuying Resources section and fill-out a free no-obligation secure online application or call our , Florida office at 561-373-0987 with any questions you have.

 

 

This report contains extremely valuable information designed to help you avoid costly mistakes when obtaining a mortgage. Although some of the tips disclosed may not make me popular with the other mortgage lenders, I am more concerned that you have all the information you need to make and informed decision when shopping for a mortgage.

 Christian Penner

  Mortgage Brokers West Palm Beach
Phone: 561-316-6800 
Email: 
Christian@ChristianPenner.com
Apply online: Your Loan Application

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Christian Penner 
Area Manager
Mortgage Loan Originator
Phone: 561-373-0987
Fax: 561-935-4142
License: NMLS#368289
Christian@ChristianPenner.com
www.christianpenner.com

Rate versus Price Reduction

Everyone wants to get the best deal when buying a home. However, Mortgage Broker West Palm Beach has some good advice for potential buyers who are waiting to see if home prices come down a little more, the wait could cost them.

Let's look at an example, from 
   Mortgage Brokers West Palm Beach to see why. Say a home buyer wants to buy a home that costs $300,000. But the buyer wants a better deal on the home, so she delays a transaction until the home is reduced by $10,000. If, in the meantime however, rates were to rise .75% to 6.00% and the buyer financed 90% of the purchase price, the amount of total payments over a 30-year term would be over $35,000 more than paying the $300,000 purchase price and locking in the 5.25% interest rate. In other words, the buyer would save $10,000 only to end up paying $35,000 more.


Now these prices and rates are just for the sake of example. But according to
   Mortgage Brokers West Palm Beach the point is that home prices are already very affordable…and rates are still low for now. So in the end, waiting for a home price to reduce may end up costing you much more than you expect if rates rise.

Mortgage Interest Rates for Fixed Rate Mortgages*
Rates as of Monday, 15th August, 2011:
  Term Conforming APR Payment per
$1,000
Jumbo APR Payment per
$1,000
30-yr Fixed 360 4.125% 4.208% $4.85 4.625% 4.711% $5.14
15-yr Fixed 360 3.250% 3.329% $4.35 4.25% 4.334% $4.92
FHA 30yr Fixed 360 4.000% 4.082% $4.77 % 0.000% $0.00
FHA 5yr Arm 360 2.875% 2.952% $4.15 % 0.000% $0.00
5-yr Arm 360 3.250% 3.329% $4.35 3.000% 3.078% $4.22
5-yr Arm Int Only 360 3.375% 3.455% $2.81 3.125% 3.203% $2.60
*Rates are subject to change due to market fluctuations and borrower's eligibility.
Christian is a Full Service Mortgage Banker. He is also approved with numerous lending sources throughout the country. He provides conventional, non conforming, jumbo, construction perm, FHA and VA loans. He assists customers with great credit and no credit. He can assist individuals and professionals with their financing needs whether buying, selling or refinancing real estate. If he can be of assistance or to be added or removed from his distribution list, contact him at the telephone numbers provided, or reply to this email. Your request will be immediately honored. to be added to his distribution list please register at : http://www.dbnurture.com/optin.php?u=cpenner