Start Your Loan Application Now Avoid Additional Fees October 15 Deadline
For those potential borrowers sitting on the fence about whether to refinance now or not, this is very important news! The Federal Housing Finance Agency, who oversees Fannie Mae and Freddie Mac, recently announced that they are adding a 50-basis point adverse price adjustment (higher) for nearly all mortgage loans that are sold after December 1st of this year. What does this mean to you? Generally speaking, a 50-basis point adjustment equates to about 1/8th in rate. This means rates are automatically going up about 1/8 in rate for those who don’t move quickly. So, for those of you who are waiting for the “right time”, now is it. Some lenders have already instituted this fee addition. Others, like us, BAY EQUITY HOME LOANS, are making sure to still allow borrowers to get in on the action by October 15th for 30-day locks. That means that you will want to start your loan application by October 15 at the latest…But I would not wait because loans are taking about 30-40 days from start to finish now. In essence, you have 2-3 weeks to get your refinance or purchase application in and moving forward. Do not miss the boat here!
Contact Curt Kravitz at 661-705-2500 Option 1 to get a quote! Or reach out to him at firstname.lastname@example.org or email@example.com. He has 34 years of lending experience in Santa Clarita and surrounding areas and he will do a great job for you!
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ABOUT THE MAGAZINESanta Clarita Magazine has set a high standard for excellence in advertising for over 29 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and...
During the month of November, we all gather with our loved ones, to give thanks for the lives we lead and all the people that make that possible. This past year, we have found, now more than ever, how crucial a role so many of us play in the lives of others and how we...
ABOUT THE MAGAZINE
Santa Clarita Magazine has set a high standard for excellence in advertising for over 29 years. A family owned and operated business, Santa Clarita Magazine has grown with the Santa Clarita Valley since 1990 and become the #1 place to advertise locally.