Financing 

While its hard to pick up the newpaper or watch the evening news without hearing about foreclosures and the floundering secondary mortgage market, mortage rates are at an all time low. As a result, now is the perfect time to be thinking of either refinancing your current mortgage or buying your next home. With rates at their lowest in 30 years, buyers can now afford more home than ever before.

If you are considering purchasing or refinancing, its a good idea to talk to a mortage broker or banker. The difference between the two is that mortgage brokers normally have access and knowledge about more mortgage programs than a banker. One misconception about mortgage brokers is that you pay more to actually utilize their services when obtaining a mortgage. However, because mortgage brokers are able to obtain wholesale pricing for mortgages just like bankers, they can pass those savings along to the borrower.

When actually taking the steps to obtain a mortgage or refinance a current mortage, prospective borrowers should ensure they are picking a reputable company that will stay in close communication and actually get their mortgage closed within an appropriate time frame. One of the best we have found locally is Paramount Lending. They consistently provide clients with exceptional service, below market rates, and close the mortgages on time. Should you need to obtain financing for your first home, second home, vacation home, or are considering refinancing, we would definitely recommend using them.