Wednesday, September 29, 2010

Record low mortgage rates still no one is biting

USA Today ran an article that caught my eye today. It really sums up the the variety of issues regarding today's mortgage lending environment both nationally and here in Oregon. It amazes me still the number of qualified consumers who are not ready to pull the trigger on a purchase or refinance. Let me rephrase that... "What are you waiting for?!"

If you have 1) a consistent monthly income 2) dare I say equity 3) halfway decent credit 4) patience 5) an ally, like me, you are doing yourself a disservice by not at least investigating your options. A little planning could make the difference between being penny-wise or a knucklehead.

Whether you want to reduce your monthly outgoing expenses, save tens of thousands by cutting your term in half, or take advantage of an all time high affordability index have a plan.