Mortgage rates at record lows 9NEWS.com
DENVER - The volatility in the market has helped push mortgage rates to record lows and homeowners are rushing to refinance. But financial experts caution that not everyone can take advantage of the low rates.
According to Freddie Mac, 15-year fixed rate mortgages have hit a record low, averaging 3.5 percent this week, and 30-year fixed-rate mortgages are at the lowest in nine months, at 4.32 percent, which is near a record low.
A troubled economy and the housing market crash mean many homeowners have lost a significant amount of equity in their homes.
The financial experts 9NEWS spoke with say before you take any steps toward refinancing or buying a new home, you need to make sure you meet certain criteria.
"You need to be well qualified. You need to have good credit. You need to have the verifiable income to verify you can make the payments you need to make. And all that makes for few people who can qualify," Rod Shustser, Vice President of Development for Universal Lending Corporation, said.
Refinance Help. Fill this form and get help!
Colorado Home Equity Loan - 5 Mistakes to Avoid
www.123mortgageadvice.com - 5 Home Equity Loan Mistakes to Avoid! Don't get a home equity loan in Colorado until you watch this video by ...
I live in Colorado and need to refinance my home how can I do this?
Try this site:
http://www.coloradoloanspecialists.com/
or try ditech
http://www.ditech.com/marketing/index.html?source=google&google&R=cf&keyword=ditech
Good Luck
I live in Colorado Springs and would like to refinance my home what information should I know?
colorado home refinance - News
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