Worry Free Loan

Is there a Home Loan similar to the one Hyundai has for their cars where when you get fired, you have a worry free option?The Worry Free Home Loan was invented and Service First Mortgage is offering it to insure that a home buyer doesn't lose his home if they lose their job.

This is a market where even disciplined and responsible home owners have the risk of Bankruptcy or foreclosure.
The loan plan can provide you the security you need when deciding to buy a house in an economy that isn't strong enough to trust. This Worry Free Loan works like an insurance policy if you were to loose your job in the first two years of ownership. If you were to lose your job, the Worry Free Loan will pay your mortgage payment, Principle AND Interest, for you. Beyond the first two years, there is a free extended plan that kicks in to support you in hardship as well.

Alrighty, what is the cost for this "so called Worry Free Loan"? Right? You were thinking that? (:
It is a program that can go side by side with your regular loan for a price ranging from $300-$600 at closing that the seller or Custom Home Builder can pay for you. Call Michael Greiner if you are interested further in this loan. !!!214-632-7328!!!

Interest Rates Drop Below 5%, Time For a Refinance Boom?

Short and sweet! Junk mail has been hitting my inbox for about a week now talking about an expected "refi boom". Well, that looks more and more likely.
Today, the 30 year fixed rate has officially dropped below 5% and made itself available at 4.75% at Service First Mortgage. Speculations are that expectations for the short term, 2-3 months, rates will be moving up above what we have seen in the recent 10 years. If you are looking to refinance your ARM, or even a 6.5% or higher fixed rate, don't get caught on your heels. The experts were right when they said we'd see rates below 5% in the coming months, as today's rates prove their hypothesis correctly.

Best Time to Buy...Buyers VS Sellers Market

WOW! If there was ever anything that I thought could help the buyers market pick up, I would think it would be super low interest rates. The bond market staggers after stocks throw a "straight left" followed by a "right cross", and then bonds unleash a "body blow" that sets up a "right hook, left hand upper cut" that sends stocks to the mat for an 8 count. Take that analogy, wash/rinse/repeat over a months time and you see why interest rates go up for two days and then for the next 5-6 business days they drop, followed by the rinse, lather, and repeat method, and you get interest rates on a 30 year fixed loan as low as 5% today.
If you are waiting for the right time to buy and you truly are ready, this is the time. You can't couple the buying while it's low and while the interest rates are low timing better than now. Mortgage guru's expect that we'll see a small spike in rates on the short term followed by a stalactite drop deep into the 4%range before rates eventually shoot up into the 8's or higher. Remember, this is the mortgage business, and everything is a hypothesis or theoretical in nature when it comes to forecasting.
It is just a great of a buyer's market now than it was a couple years ago. There are less seller's than before, but there are far less buyers too. As a local mortgage consultant with numerous referring Realtor alliances, I hear daily how many listings my Realtor alliances have compared to the number of active buyers. There is no shortage of Realtors with 4-5 listings with sellers that continue to drop their listing price because they can't find buyers. This means that the sellers are aggressively ready to drop their price to get moved on to what ever it is they have planned after they sell their home. Go get that dream home before someone else does, or you will look back in 3-5 years and wish you had.