Tuesday, October 18, 2016

ARE MILLENNIALS MAKING THEIR MOVE?


ARE MILLENNIALS MAKING THEIR MOVE?

Some recent analysis has suggested that millennials are hesitant, or unable, to become homebuyers, but they might not be as hesitant or unable to buy a home as some  may think.
The buying power of millennials is kicking into high gear, especially in the housing market. A massive new Zillow report on housing trends found that in terms of buying, millennials under 36 years old are half of today's U.S. homebuyer market. They also reflect an increasingly racially diverse middle class, with “old-fashioned aspirations, seeking a home that is both a good investment and a reflection of themselves.”


CLICK HERE to read the full article.

Friday, October 7, 2016

When Should You Consider Refinancing?

When Should You Consider Refinancing?

If you are looking to lower your current interest rate or if you are looking to consolidate debts
or obtain cash from your equity, it may be a good idea to refinance now while rates low.
Refinancing your mortgage could:

Lower your monthly payment           Lower your interest rate
Lower your loan term                        Turn home equity into cash
Eliminate PMI                                    Pay-off or consolidate debts

This is where selecting the right professional to guide you becomes paramount. Did you know that most people turn to their local bank, rather than an Independent Mortgage Professional? Well what you might NOT know is that an Independent Mortgage Professional is often the best choice and
they are able to offer you more loan options than a bank.
What differentiates an Independent Mortgage Professional from a bank?

INDEPENDENT MORTGAGE PROFESSIONAL (Broker)
  • Licensed mortgage expert - consistently undergoes continuous training and adapts to industry changes quickly.
  • Specializes in mortgages only.
  • Partners with several lenders to offer multiple loan products, allowing you to chose the best option.
  • Often offers lower rates and cheaper costs due to less overhead.
 BANK
  • Not required to be licensed and are not held to the same standards and regulations as brokers in terms of testing and ongoing training.
  • Offer many other loan products (auto, boat, etc.), so mortgages are not their main focus.
  • Only able to offer limited loan products they have in-house - may not be the best fit for your needs.
  • Often offer higher rates than brokers.
  • Slower to adapt to change due to large organizational operations. 
Ready to see if you could benefit and put yourself in a better position before rates increase?

CALL GLOBAL UNITY MORTGAGE TODAY AT (860)872-9479, email us at globalu@sbcglobal.net or visit our website now !