Navigating the path to homeownership can seem overwhelming, but working with professionals who understand the local market and economy can help ease your journey. The first step is just learning how easy it can be.
With Our Float Down Mortgage Loan Option Float down if rates fall. If interest rates go up, you are safely locked into your initial lower rate.
Program HigHligHts • Refis or Home Purchases • 30- to 120-day Lock Periods • One Free Float Down • No cost to the borrower • No premium on the rates Contact Rick Comar at 434.944.0338 or Jessica Collins at 434.665.0086
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loan application, and a closing disclosure document is required to be issued at least three days prior to closing, spelling out the monthly payment as well as all the costs involved in obtaining a mortgage and closing the loan. While these changes have added time onto the process, lender timelines vary as to exactly how much time. Mortgage rates have been at historic lows in recent months. You may have seen headlines regarding the Federal Reserve’s rate hikes last December, the first since 2006, in response to a solid US economy. Despite the hike, both 30- and 15-year fixed interest rates have stayed low, even dropping a little, thanks to fluctuations in the stock market. The housing market having stabilized, there is much optimism in the real estate field. Combined, low rates and a stable market make now a good time to make that purchase you’ve been pondering. Navigating the path to homeownership can seem overwhelming, but working with professionals who understand the local market and economy can help ease your journey. The first step is just learning how easy it can be. c vhomemaga zine .com 85