Conventional 30 year is 4.25%  FHA and VA 4.25%

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When negotiating to purchase a home, many buyers focus mostly on the sales price, which is understandable. After all, a home is typically the largest transaction home buyers have been involved with and the price paid is a huge factor in their monthly payment.

However, in addition to negotiating the price of a home, a buyer can also negotiate to have the seller contribute money from the proceeds to allocate towards the buyer’s closing costs. This money can be used towards either the reduction of cash required to close and/or a reduction in the interest rate on the mortgage.

It’s easy to see the benefits for buyers to have a lower interest rate on their mortgage. However, one aspect of this situation not often considered is that the IRS treats points that are paid up front to lower a mortgage interest rate as pre-paid interest, regardless of who pays the fees. This means that when buyers negotiate to have the seller pay the costs to lower their interest rate, they receive the benefit of deducting them on their income taxes in the year the home is purchased.

By focusing on these terms – and, frankly, opportunities – home buyers can save money both now and over time.

4.375% 30 year
3.875% 15 year
4.375% FHA and VA

Calll me today 205 515 3645

FHA is 4.375% 20 year is 3.875% 30 year is 4.5%
Great time to refinance or purchase
Call me today!!!

Today the 30 year rate is at 4.5%, 15 year is at 4% FHA and VA is 4.5%.
Call me to refinance today.

Rates are still very low. USDA money is back for 100% financing.

Call me today!!! I would love the opportunity to provide your mortgage financing

FHA and VA 4.5%

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I want to announce I have a new personal mortgage website for you to visit. Come see me at www.donnalowery.com