Well at least for homeowners that need to lower their interest rates.  With the Fed injecting money into Mortgage Backed Securities we will see the interest rates improve.  Yesterday we saw a 1/2 pt drop in conforming and Government loan rates.  True no cost refinance rates were as low as 6% on a 30 year Fixed.

A True no cost refinance does not raise the principal balance on the mortgage. 

Ron Yarbrough

Have you lived by the old school of pay off your mortgage early for retirement and now your retirement fund is cut in half.  Well you are not alone.  As a Certified Mortgage Planning Specialist, we have helped our clients manage their mortgage for retirement, education costs, life events, healthcare and anything in between.  We can do that for seniors as well.  You can tap the equity of your home or create an income stream.  Your estate won’t care if you use some equity for quality of life.  You will not be giving away your home.

FirsTrust Mortgage in Leawood, KS, will help you get a reverse mortgage without charging the excessive fees that other companies charge.  Mortgage planners adhere to a strict code of ethics. 

For more information about reverse mortgages, call Ron Yarbrough today.

Effective January 1st Seniors can use a reverse mortgage to purchase a home.  There is no longer a need to liquidate falling retirement accounts and seniors can avoid mortgage payments on the balance.  Reverse mortgages are a growing segment of business for mortgage companies and a way to help suppliment retirement.  Social Security is typically not enough to support a mortgage payment.

Before the mortgage implosion no doc loans and no ratio loans helped seniors with large retirement account get a traditional mortgage with good great and assets.  Today those assets have declined in value and there are no such loan products.�

This the 1 year treasury falling below a .25% who would want to invest in such a SECURE/SAFE investment?  With treasuries falling out of favor, it is more important now to work with a Mortgage Planner.  As mortgage planners know and understand that the mortgage backed securities come in favor and out of favor sometimes oposite of the Treasury index.  A person who has a mortgage planner watching their mortgage on a daily basis, they have the opportunity to save when the mortgage backed securities dip for those couple hours in a day.

I have over 25 million under management now with an average rate of 6.25%  During the 2003 refinance boom my clients were able to take advantage of 30 year fixed rates in the 5% and under range with zero closing costs rolled into the mortgage.

http://www.RonYarbrough.com