The 1970′s Called… Their Mortgage Rates are Here!

If you missed out on the $8,000 home tax credit, don’t worry, here is another great opportunity!

According to Denver Real Estate Agents and Finance Guru’s, mortgage rates have hit a record low.  According to the mortgage company,  Freddie Mac,  “The average rate for 30-year fixed- rate loans dropped to 4.69 percent, from 4.75 percent last week.” Rates have not been this low since 1971!

Mortgage rates have dropped because of several reasons. One being the “turmoil in the stock market and the European debt crisis” (read more) and the second Margaret Jackson of the Denver Post explains that “Mortgage rates have fallen over the past two months as nervous investors have shifted money into the safety of Treasury bonds. The demand for Treasurys has caused Treasury yields to fall. And mortgage rates tend to track the yields on long-term Treasurys” (read more).

Experts are saying now is the time to buy because when the economy starts to show “sustained improvement” you can count on rates going up!

DO YOU NEED TO MODIFY YOUR LOAN?

Do you want to keep your property, but can’t afford the payments any longer?

Performance Solutions is a loss mitigation company specializing in loan modifications and short sales.

There has never been a better time to pursue changing the terms of your loan through a loan modification.  The lenders have been monetarily incentivized through government programs to renegotiate rate, terms and/or principal on virtually all loans that qualify.  Additionally, in an effort to minimize losses, lenders are extremely motivated in conducting loan modifications on properties even if the property does not qualify under government guidelines.

How would you like to have cash flow again with reduced mortgage payments? Performance Solutions specializes in loan modifications and short sales for investment properties.   Most investors are having challenges with cash flow either because of vacancies or because the rental payments aren’t covering their costs.  A loan modification can help you through these rough times by reducing your mortgage payments and helping you to create cash flow, as your investment was always intended to do for you.

If you are interested in finding out the various ways a loan modification can help you, please call Mavi Unlimited for details at 303-6658944.