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What is the rush? (Market Conditions)
Why is getting a FHA streamline or VA streamline rate reduction so time sensitive?
Mortgage rates change constantly. Once you have time to review a transaction, the offer may not be available and new market conditions (good or bad) may prevail. With traditional refinances timing is important, but not as crucial. With FHA streamline and VA streamline interest rate reductions, your current interest rate may dictate your ability to participate altogether, especially when using a Title Fee Credit (TCF).
Timing is more crucial than most borrowers imagine with FHA and VA streamline transactions.
Few borrowers have the time, knowledge or resources to identify rate drops without professional experience. By the time the media and Internet spread the word, the best opportunities have often passed. Surprisingly, one (1) day, sometimes a few hours, can change the cost of refinancing by over $2000 in upfront fees and thousands of dollars more over the course of a loan.
We use a state-of-the-art software solution to eliminate the guesswork and help us guide borrowers to make the best decisions. Although no one has a crystal ball that can precisely indicate where interest rates are heading, there are indicators that provide a good gauge. When we contact you, there is a strong probability that the window of opportunity is open! Enroll now!
See if you can use a Title Fee Credit (TFC) to reduce your upfront streamline costs. <Click Here>
The FHA streamline refinance program helps borrowers lower mortgage payments. American Bank specializes in FHA streamline refinancing transactions that lower interest rates and reduce mortgage payments without appraisals or income verification. FHA Streamline Refinances may be possible without increasing existing loan balances. FHA Streamline Refinances may close in as few as 15 days, depending on date submitted. American Bank specializes in VA Streamline Interest Rate Reductions with no income verification. VA Streamline Refinances may be possible without increasing existing loan balances. VA Streamline Refinances may close in as few as 10 days, depending on date submitted.
© 2010 American Bank. Trade/service marks are the property of American Bank or their respective affiliates and/or its subsidiaries. Some products may not be available in all states.
Kwe Parker is a professional mortgage specialist for American Bank that
specializes in showing FHA and VA borrowers how to use seldom publicized
methods to lower FHA and VA mortgage rates without the normal hassles
associated with refinancing. Kwe "Clay" Parker and his team have helped
thousands of FHA and VA borrowers reduce their mortgage payments.
American Bank
1526 York Road
Lutherville, Maryland 21093
