With market conditions as they are today, those looking to buy or refinance enjoy unprecedented opportunity to save money. And contrary to what you may have heard mortgage lenders are still making loans to qualified borrowers. So, what really makes today such a great time to consider a home purchase or refinance?

Perhaps most important are today’s historically low interest rates. While interest rates fluctuate from borrower to borrower, those with good credit histories often qualify for interest rates that are lower than they’ve been in decades. If you’re considering refinancing, a lower interest rate could possibly lower your monthly payment or give you cash for home improvements. Keep in mind interest rates alone may not determine the best loan program for you; examine your individual financial situation with an  experienced mortgage professional to determine your options.

David Woldman has been in the mortgage industry for over 23 years. He is a Top Producer at SunTrust Mortgage, Inc., specializing in renovation financing and construction loans. For a free mortgage analysis, call David at 704-651-8377.

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