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3 BIG Things You Need to Know! – July 17th, 2020

Hey it’s Bruce Woodburn with the 3 BIG Things to Know this week.

  1. First thing that I want to mention is, interest rates are at all-time lows. So, if you’re considering buying or refinancing a house, don’t be one of those people who think rates are going to get better. They are not likely going to get any better than it is! I’m locking people in on 30 year fixed in the 2’s and on 15 year fixed in the low 2’s. You just can’t get any better than that. So, don’t be one of those people, that’s getting greedy and thinks that they’re going to get better than they are, the chances on that are highly unlikely. I don’t feel confident in the near future because I don’t know what’s going to happen heading into an election. Things could get a little rocky when Wall Street is uncertain, then interest rates are going to follow that pace. That is one of the things that I think is really impactful. So, if you know anybody that’s currently renting, send them over to me and let me help them get into a house. If you know somebody that’s paying over 4.25% interest rate, give me a call and I will look at helping them get rid of PMI, consolidate debt, lower their payments or convert to a 15 year fixed rate. It’s a wonderful way to set up your situation so you can retire debt free and I can help you with that.
  2. All right. Second thing is, in the purchase money arena right now, you will have multiple offers when looking to buy a home. Right now, there’s a lack of inventory and I’m finding that a lot of folks are missing out, even when they have made a full price offer – and that’s discouraged, quite frankly. If you are in this situation, I can show you the things that I have used to make an offer the winning offer. I have a proven track record of increasing your chances, even if you’re not necessarily the highest bidder, up to 70% on you being chosen as a winning offer on a purchase transaction in a multiple offer situation. It all comes down to making the seller feel comfortable about you and making the listing agent feel comfortable about you. Call me and I will show you how to do that.
  3. The third thing is appraisals. With houses going up in price so fast right now, the appraisals are having a tough time keeping up with it. So be aware, your house may have trouble appraising if you are trying to get the maximum amount for it. Even though you’ve got five buyers that want to buy it, it doesn’t mean that the appraiser can justify the comparable value because it’s not based on square footage folks, it’s based on the comparable sales.
    So if you want to learn more about appraisals, you want to position yourself to be the person that’s chosen in the market on a multiple offer situation, or you want to ensure that you’re getting the best interest rate possible on a purchase transaction or refinance transaction call me: Bruce Woodburn the Loan Arranger at CrossCountry Mortgage. I’ve been in the business for 31 years and I’m really excited about helping each and every one of you become homeowners or to refinance and save some money.

I look forward to hearing from you all soon. Have a great weekend!

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