Mortgage Rates Have Dropped!

You’ve heard interest rates are coming down. Well, Its HERE!


Interest rates recently dropped to record lows. We experienced a sudden surge in refinance activity this week. BUT, because the mortgage industry recently downsized to about 10% of it previous work force, we are already experiencing a log jam in getting loan applications cleared to close. Appraisers, Underwriters, and Closing Attorneys are having trouble keeping up due to lack of support staff. They are not hiring more personnel because no one knows how long interest rates will be favorable.


Should I refinance my home now?


The early birds are already making loan application appointments. I am already booked into next week. There is plenty of money available for mortgage loans right now. The problem I see, is when everyone realizes how low the interest rates are, the system may freeze up on overload because of lack of support personnel. The last time I saw this phenomenon, the Lenders raised rates artificially to slow down loan application activity and it lasted for several months. Then market conditions changed and rates went up, so many that could have benefited from refinancing simply missed out on the opportunity.
If you feel the rates may trickle down a little lower, you could still get the paperwork, appraisal, loan approval and title work done and FLOAT the interest rate and LOCK IN when you are ready. I must caution you that if the system freezes up, rates will certainly increase and stay at higher levels until the demand wanes, which could be 1 month, or as much as, 6 months.


NOW may be the perfect time to refinance!


With fixed rates at a record low... NOW is the best time to lock in!
If you have a higher fixed rate, more than one loan payment or an adjustable interest rate mortgage, NOW may be the perfect time to refinance with interest rates this low. Don't hesitate... put your busy schedule to the side and take advantage of the opportunity to save some money now. We offer a FREE computer calculated "Savings Analysis" which makes it easy to see the advantage of acting now.
Call me today and I'll prepare a personalized refinance saving analysis for you. There is absolutely no cost or obligation for the information I will provide to you. 1 (800) 941-5616

Oh! By the way
As always, your referrals are greatly appreciated, so please forward this email to some of your friends. Remember, our interest rates lower than what local banks can offer. Why? Because we deliver loans directly to the National Wholesale Lenders which do a larger volume of loans than any local bank and the greater the volume the lower the rate. We can handle the shopping for you through our National Wholesale Lender network and find a rate you'll be pleased with. I am sure of that.

If you wouldn't mind... help me get the word out to your friends, co-workers, and family members. When you refer someone to me for their next mortgage, you can be assured that they will receive the services you would expect from me. I am sure they will thank you for referral because I will provide them with honest, courteous and professional services, simply because most of my business comes from the referrals of all my satisfied customers.

Thanks again for your time
All the best to you and your family this holiday season

Jeff Drew, Licensed Mortgage Consultant Jeff@StarMortgage.com
Star Financial Services, Inc.
Star Mortgage® USA
www.StarMortgage.com