HERE’S THE INSIDE SCOOP ON HOW TO DO IT RIGHT!

First:  make sure you are working with an experienced, professional mortgage provider.

FOUR SIMPLE QUESTIONS YOUR MORTGAGE PROVIDER ABSOLUTELY MUST BE ABLE TO ANSWER CORRECTLY.  IF THEY DO NOT KNOW THE ANSWERS… TALK TO A MORTGAGE PROVIDER THAT DOES!

1)  What are mortgage interest rates based on?   (The only correct answer is Mortgage Backed Securities or Mortgage Bonds, NOT the 10-year Treasury Note. While the 10-year Treasury Note sometimes trends in the same direction as Mortgage Bonds, it is not unusual to see them move in completely opposite directions.  DO NOT work with a lender who has their eyes on the wrong indicators.)

2)   What is the next Economic Report or event that could cause interest rate movement?  

3)   When Greenspan and the Fed “change rates”, what does this mean… and what impact does this have on mortgage interest rates?  (The answer may surprise you.  When the Fed makes a move, they are changing a rate called the “Fed Funds Rate”.  This is a very short-term rate that impacts credit cards, credit lines, auto loans and the like.  Mortgage rates most often will actually move in the opposite direction as the Fed change, due to the dynamics within the financial markets.   For more information and explanation, just give us a call Toll Free in the USA 1-877-959-6922 or international 561-392 8044)

4)   What is happening in the market today and what do you see in the near future?  (If your mortgage provider cannot explain how Mortgage Bonds and interest rates are moving at the present time, as well as what is coming up in the near future, you are talking with someone who is still reading last week’s newspaper, and probably not a professional with whom to entrust your home mortgage financing.)

Be smart...  Ask questions…   Get answers! 

More than likely, this is one of the largest and most important financial transactions you will ever make.  You might do this only four or five times in your entire life… but we do this every single day.  It’s your home and your future.  It’s our profession and our passion.  We're ready to work for your best interest.