ALMOST EVERYONE HAS HEARD OF THE RECENT WOE’S IN THE MORTGAGE MARKET. SUBPRIME DEFAULTS, MAJOR MORTGAGE COMPANIES IN FINANCIAL DIFFICULTY…

Contrary to what you may have heard mortgage money is still available, and at reasonable rates, especially since the Fed just cut the rate by .75%

What has changed is the increased importance of your credit score. That score affects your finances from the interest rate you must pay on charge cards to the cost of your car and homeowners insurance, not to mention the rate you would have to pay on any future mortgage.

Assured Mortgage is offering a value added service for our customers who may have a concern about their credit. Make an appointment and we can provide suggestions on how to improve your score, have a mortgage check-up. We also offer information on our website regarding a way to “opt out” in having your private information being sold to numerous subscribers of the credit bureau’s.

We can flag your account to call you when rates are at a point where it is beneficial for you to refinance. An old rule of thumb stated that if current rates were more than 2 percent below your existing mortgage rate, refinancing might make sense. However, many economists agree that if you are simply looking to lower your monthly payment and you can save a half a percentage point, it may be worth considering, especially when your lender will pay all of your closing costs for you.

We are here to serve you, at least know your options. Your referrals are always greatly appreciated!