1 STOP Mortgage Acts Quickly to Help You Get a Lower Interest Rate

With Interest Rates Dropping, Is Now the Time to Refinance? The New York Times' Lisa Provost reported today that when interest rates drop noticeably, astute homeowners react quickly as they’ve been doing in the weeks following Britain’s vote last month to leave the European Union. The decision rattled the markets, mortgage rates fell to near-record lows, and refinancing applications took off.In the week after the vote, Zillow reported a 132 percent surge in refinance requests through its online mortgage marketplace, while the Mortgage Bankers Association’s weekly mea...

July 29th, 2016 | Refinancing, 1 STOP Mortgage Acts Quickly to Help You Get a Lower Interest Rate

Benefits of Re-financing Your Memphis Mortgage

Benefits of Re-FinancingThere are a number of benefits which may be associated with re-financing a home. Re-financing under favorable conditions such as the very low interest rates we have now is ideal.Some of these benefits include lower monthly payments, debt consolidation and the ability to utilize the existing equity in the home. Homeowners who are considering re-financing should consider each of these options with their current financial situation to determine whether the benefits of re-financing apply to their goals and objectives.Lower Monthly PaymentsFor many homeowners the possibility...

July 19th, 2016 | Refinancing, Benefits of Re-financing Your Memphis Mortgage

How Much can you Save Today by Refinancing?

THE WEEKLY WEDNESDAY MARKET REPORT FOR THE PAST WEEK!  Call us for a no-cost refinance analysis!  We get excited about saving you money!  Rates on home loans inched higher again in the past week and fell back down this week. Freddie Mac announced that, for the week ending March 17, 30-year fixed rates rose to 3.73% from 3.68% the week before. The average for 15-year loans was also moderately higher at 2.99%. The average for five-year adjustables increased slightly to 2.93%. A year ago, 30-year fixed rates were at 3.78%, very close to today's levels. Attributed to Sean Becke...

March 23rd, 2016 | Refinancing, How Much can you Save Today by Refinancing?


ALWAYS REMEMBER THE GOLDEN RULE  OF #REFINANCE IF YOU HAVE NO PLANS IN RELOCATING - TRY TO REDUCE THE  #MORTGAGE YEARS WHEN YOU REFINANCE. As mortgage #rates have remained historic low and  #home values have appreciated many #homeowners are taking the opportunity to lower their monthly mortgage payment and (or) reducing the term of the mortgage. Low rates are the only  barometer is determine if a #refinance is a true financial benefit. Factors to consider:    1. Can  the Mortgage Insurance (M.I.) that is added to the     &nbs...

December 27th, 2015 | Refinancing, IS IT TIME TO REFINANCE?

Home Affordable Mortgage Refinance Programs extended through 2016

GREAT NEWS!!   Fannie, Freddie participation in foreclosure prevention programs extended through 2016. ReutersMay 8, 2015 4:20 PMWASHINGTON, May 8 (Reuters) - Fannie Mae and Freddie Mac's regulator on Friday extended for another year the mortgage finance firms' participation in the U.S. government's main foreclosure prevention programs.The decision, announced by Federal Housing Finance Agency Director Mel Watt, extends the Home Affordable Mortgage Program and the Home Affordable Refinance Program through the end of 2016."These programs have provided critically important ...

May 9th, 2015 | Refinancing, HARP Program!, Home Affordable Mortgage Refinance Programs extended through 2016


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1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134