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All across America it’s no secret that the cost of living increases daily. That every day expenses such food, gas, clothing and even the not so essential day trip to the movies increase beyond the affordable threshold for most Americans. A gallon of milk in this economy can be as much as $5.00 in some places. Economists understand that as people lose their jobs or income becomes tight due to the cost of living increasing they must provide ways for people to save money and offset these costs. The more money a person has that’s expandable income the more they can purchase and the quicker we can rebound out of this horrible recession. As you buy goods whether it is a home, car, TV or just a pair of khakis; it creates jobs, financial security and opportunity. All of these things build our economy

With that said they have lowered rates on home loans. The housing market is of course in great despair. If you are a qualified borrower there has never been a better time to purchase a home. Realistically the prices of homes today are 20% less then just a few short years ago. This could mean hundreds of dollars less in payments, thousands of dollars less in interest payments. Best of all, if you want to stay in your current home it’s even better. Refinancing may extend the opportunity for one to take advantage of these same low. Lending wise they are practically identical and in some cases even better for refinancing.

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This is an amazing opportunity to make the American dream much more affordable in the state of NJ. If you purchase a $300,000 home with a 30 year, fixed rate of interest at 4.75%, your monthly principal and interest payment will be $1,565 a month. Now if you add in the $5,000 dollars you will be receiving for the next three years it will be like making only 9 mortgage payments for the year or only paying $1,148 a month.

With home prices at their lowest levels is years, interest rates at historical Lowes and a $15,000 tax credit, there is just no better time to purchase a home. If you have any questions about the new tax credit or would like to learn more about it, do not hesitate to call me at 732-650-8696 extension 2005. We will be sure to educate you on all the programs that are available for you as well as take the time to closely analyze your financial situation and make sure that we put you in a much more comfortable and safe place so that you can secure your financial future.
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Many consumers are riding out the low interest only option ARMs they currently have. Some of these rates are as low as 3.875%. Why increase my monthly payment while I have 2 years remaining on my current 5/1 ARM loan? The answer is simple. Don’t get locked out on current fixed rates while gambling on the future. Any rally in the stock market over the next few weeks or months will push interest rates higher.

There are many other economic factors to consider before locking in on fixed mortgage rates. Indications are that a favorable report on unemployment figures is due. Any increase in employment will push interest rates higher. Lending activities by banks are becoming more restrictive and will leave only a few very highly qualified borrowers with an option to refinance their current loans. The majority of home owners will be locked out of the ability to reduce their monthly mortgage payments. Borrowers should be proactive in obtaining the best financing that meets their current and future financial needs, while the market place is still open to them.
]]> http://www.mycplc.com/fundingnews/index.php?entry=entry091125-093048 Federal Reserve has signaled its intentions to wind down its purchase program as of the first quarter of 2010. As this news spreads rates surely will rise, even today by looking at the current rate sheets a 30yr fixed can be seen at 6% or higher. There is still some good news. First Time Home Buyers are still receiving the $8,000 tax credit, thanks to an extension on the act by congress and the creation of a $6,500 current homeowner’s relief credit.
As rates rise, your opportunity declines. This is one of the greatest times to secure a financially stable future for you and your family. Right now, with rates rising there are still opportunities to take advantage of today’s market. Lock yourself into a proper refinance or home loan with reasonable terms. Don’t wait for them to surpass the 6’s and ultimately lead on even higher.
At Aequor we will work hand and hand with you and our lenders to ensure you get the proper loan. We will find a loan that is going to have a true financial benefit to you as our client. Analyze all the different scenarios. We will take a hard look not only into your home loan but also your other finances to ensure you and your family has a prosperous future. Our ultimate goal is make sure American families are educated not only about their home loans but also about their finances to ensure they have stable futures. Reach out to me today, let my expertise and the team surrounding me help you and your family get on the right financial path.
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Adjustable-rate mortgages, or ARMs, constitute one-third of home loans these days. Yet rates on 15- and 30-year fixed-rate mortgages are very low by historical standards. ARM rates are even lower, but they could rise when it's time for them to adjust. You're going to hear a lot of financial journalists who say these ARMs are dangerous, you're putting your house at risk, and you’re crazy to take an ARM at this time of historic lows. Unquestionably, there is a lot of emotion involved. After all, this is one of the biggest financial decisions of your life, and as with any argument, there is some truth in it.
It's true, that a long-term, fixed-rate mortgage is the right loan. If somebody says, I'm going to be in that house forever. That's an automatic 30-year fixed, but the average homeowner stays in the house about five to seven years. First-time home buyers, who usually are young and have expanding families and growing incomes, are likely to remain in their starter homes for just a few years before moving on and to a bigger house. Adjustable rates, especially the popular hybrid adjustable rates that carry an introductory rate that lasts three, five, or seven years, are appropriate for those whom a payment increase wouldn't be the end of the world. It depends simply on your current economic situation.
In conclusion, which loan program you choose should be a reflection of your long term goals. Call me so we can discuss which program is right for you. At Aequor Funding saving you money is our only objective.
]]> http://www.mycplc.com/fundingnews/index.php?entry=entry091125-092740 Call me today and within 15 minutes I will have all the information I need from you to decide what works best for you and your family and I will offer different scenarios to you, showing you all the pro’s and con’s of each. All it takes is one phone call and within three weeks you may be saving hundreds if not thousands of dollars a month. I always tell my clients that I will not pursue a deal unless it makes “financial sense.” When I say financial sense I mean significant and tangible financial savings. At the very least you can find out if the opportunity is out there for you today to put yourself in a better financial position and eliminate some if not all of the financial burden and stress in your life right now. Call me today for a free consultation at 732-650-8696 ext. 2005.
]]> http://www.mycplc.com/fundingnews/index.php?entry=entry091023-132309 Lately we have seen some signs of economic recovery; however job stability is still uncertain for many. Many families are still tight on money and are still running up their credit cards as a means to stay afloat. For those families that find themselves in this situation yet have the income, credit, and equity to refinance, now may be your last chance to be rescued from financial collapse.
The steps to financial rescue are simple at AEQUOR Funding Corp. Simply refinance your mortgage, consolidate your debt, lock in at a lower interest rate, and even take some money out to put into your checking account. When is the last time you saw five digits in your checking account? We can do that for you, we can also eliminate all your credit card payments while simultaneously lowering your mortgage payment and putting money in your checking account. This may seem too good to be true but it’s not! AEQUOR funding can consolidate your stress, eliminate your worry, and increase your happiness. YES WE CAN!
]]> http://www.mycplc.com/fundingnews/index.php?entry=entry091023-132120 Let’s begin by explaining them to you our reader and future clients. The first being Honesty; our pledge to all our of clients that we will not only take the time to do what’s right for them but to be upfront, clear and understanding of their needs. Respecting their best interests and doing what’s right for themselves and their families. Next, integrity; that we would do what’s right for our clients rather then what’s right for our pockets. We look to achieve optimum profits not maximum profits. We believe that a core of honesty, integrity and trust will bring our company to the leading edge of lending. By gaining not only the respect but trust of our clients we are ensuring a prosperous future for all that do business with us.
The previous years have been rough for the mortgage business. The housing market crashed and rates went down with them. The government has set up new rules, regulations and terms for mortgages which may seem overwhelming for many buyers. The people that can really take advantage of them are first time buyers. Many first time buyers are people that at one point would not be able to get approved for a loan. They have stable income but not enough assets for a down payment on a home. Whatever the case was in the past the terms are now a lot more lenient and they are great incentives for first time home buyers. The government has put out an 8,000 tax credit for first time home buyers. This can help take off that weight of the down payment and help you afford a home that you and your family will feel comfortable in.
Urban areas are the place to look if you’re looking for a market with a good home and stability. These markets were hit heavily during the market crash and many investors had begun before the crash remodeling and building in these environments. Now many of these markets are starting to come up. However many investors are staying away. This creates a good vibe for first time home buyers as realtors are seeking clients to take advantage of these homes. Many of which are foreclosures’ which the banks are selling at fractions of their valued price. Now is the time and with Aequor by your side we will help you find the right loan for the right home. We will work day and night, hand by hand and side by side with you to assure you that you are getting the best solution for you and your family. This is our pledge and our promise to you. My personal quest is to be your guide as you embark on a future of prosperity through quality home ownership.
]]> http://www.mycplc.com/fundingnews/index.php?entry=entry091023-131921 Although you may feel the need to get multiple quotes, why waste your valuable time? Our job is to get you the best available rate, and we work hard to make that happen. I am confident that I can beat a large retail banls rate any day of the week. How is that possible, (you may be asking yourself)? Allow me to explain, if you were to buy a bottle of water at the local corner store it would cost you a little more than a dollar. If you were to buy that bottle of water in bulk you would be buying that same bottle of water for pennies. That analogy works the same for us here at Aequor Funding.
Saving our client’s time and money is the essence of what keeps us in business. Let me help you today.
]]> http://www.mycplc.com/fundingnews/index.php?entry=entry091023-131603 I believe that the resurgence of the ARM loan will also help stimulate new home purchases. Thus, allowing borrowers to purchase more home for their money. ARM’s are not the solution to all refinancing needs. Borrowers need to consider all options available to them and have a clear understanding of their future financial objectives. For many home owners “it’s time to arm themselves”. As always, please read our news letter in order to become a better educated consumer with a greater understanding of the mortgage market and lending trends.
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