Interest Rates are Improving

By Curtis Schartz, CMPS

Sep

10

The US Treasury auctions went well this week. Currently interest rates for Kansas City, Overland Park, and Lees Summit are improving. We are approaching the lowest rates that we have seen this year. It is time to take advantage of the $8000 tax credit and purchase your first home before the tax credit expires and rates go up. If you have not refinanced your home loan yet or your are sitting on an interest rate in the mid 5′s or higher it is time to contact me and get your house refinanced. These rates won’t last for long contact Curtis Schartz, Certified Mortgage Planner with Pulaski Bank today.

$8000 Tax Credit

By Curtis Schartz, CMPS

Sep

1

Time is running out for 1st time home buyers in Kansas City, Lees Summit, Overland Park and the rest of the Country to receive an$8000 tax credit for purchasing a home. There are 3 months left to take advantage of the low interest rates and this great incentive. If you know of anyone that is thinking about purchasing a home make sure and have them contact Certified Mortgage Planner Curtis Schartz. Even if they don’t think that they have the money down there may be a solution. At Pulaski Bank we have several solutions for buyers to get into homes with no money down or zero down home loans. It is important that we get started on this process right away. The $8000 tax credit rules state that you must close prior to December 1st, 2009. The typical time frame to close on a house is 30 days plus the time that it takes for you to find a home. In order to be sure you close in time you will want to be contracted by mid October. There will be a big push at the end with people trying to purchase a home to get  in on the tax credit before it expires .Don’t get left out in the cold. Contact me today so we can get your pre-approval process started and get you on the road to home ownership.

Rates are Improving

By Curtis Schartz, CMPS

Sep

1

Interest rates for Johnson County, Jackson County and the surrounding Kansas City metro area are improving today. Mortgage Backed Securities have been fighting a tough triple layer of resistance the last couple of days. If they are able to break through the resistance we could see lower rates in the near future. If Mortgage Backed Securities are turned away once again from this tough layer of resistance we will see rates go up again. September is notorious for being a poor month for the stock market. If the market continues to falter like it is right now we could see a convincing break above the current resistance and see lower interest rates. The door usually doesn’t stay open very long when the opportunity arises to lock in for a low interest rate. The best strategy at this point is to have everything ready to go and lock in at the first sign that the market starts to turn for the worst. Call Curtis Schartz at Pulaski Bank Home Loans to get your Mortgage Plan in place so you are prepared to save the most amount of money on a No Cost Refinance.

Your Certified Mortgage Planner for Life – Curtis Schartz