New Year’s Resolution #1: Refinance Your Pinellas Home?!

As Palm Harbor Realtors, our client friends count on us to look out for their best interests.  With the country’s current financial woes traced to mortgage-related abuses by loan providers and Wall Street, we feel compelled to take steps to protect them in any future home financing.

Although we’ve been referring the fabulous Brian Forrester of TriCounty Mortgage for years (and still do!), sometimes we find that when working with new clients they like to have more than one option.  So, begrudgingly, we set out to find another loan provider to give our clients the choices they crave.  It seems they like to talk to two people, and then decide.  Who knew?!

For ourselves, the first step was obvious.  We needed another provider like Brian that gave our clients more control over the mortgage process so they don’t run into the many problems we’ve seen when mortgage companies don’t deliver what they promise.  Or worse yet, they get bad advice and pay high costs and interest rates that could have been avoided.

So, here’s the solution:  We’ve joined with Real Estate Partners, a mortgage company owned by our fellow Realtors, that allows us to guarantee you more than just the lowest interest rates and closing costs available.  They will quote you guaranteed fixed closing costs instead of the usual estimates that often change at or before closing (which never happens with TriCounty Morgage, either, by the way).  They will match any offer from any lender you can find and prevent any surprises from start to finish.

With all of the bad news in the media regarding the economy, opportunities to improve your own situation are easy to overlook.  With Pinellas homes priced at bargain levels and interest rates available under 5%, now is the time to explore refinancing or purchasing a home.  For those of you that currently have adjustable rate mortgages, pick up the phone and call TriCounty or Real Estate Partners before it’s too late!  You’ll have a trusted adviser in control.

Here’s an example of how much you’ll save:

Let’s say you have a $250,000 mortgage currently at 7%, your monthly payment is about $1,663 per month.  At 5%, that payment drops to $1,342 per month.  That’s a savings of $321 per month or $3,852 per year!  By the way, the cost of most refinances pay for themselves within 1-1/2 to 2 years.  Multiply that by the number of years you expect to live in your current home, and ka-blammy, it’s a no-brainer.

These two lenders will both offer you the BEST home loan rates available!

Contact Brian Forrester at Tri-County Mortgage at (727)216-8138 or visit his blog The Mortgage Communication Spot.

Contact Terri McCaffrey at Real Estate Partners at (727)686-5600.

Be sure to tell them Julia & Matt Fishel sent you for a little extra TLC!  Questions?  Contact us.

HAPPY NEW YEAR!

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