Jason & Bernie Gavadza On Real Estate

This Week's Mortgage Rates-June 25,2009

Dear Home Buyer/Seller,

Attached you will find our latest rate sheet, reflecting some of the lowest rates* in the market from some of the lenders I work with. Please feel free to call me with regards to any questions you may have about the rates listed or any mortgage related inquiries.

TERM	RATE*	25 YR AM**	30 YR AM**	35 YR AM**	40 YR AM**
6 month convertible	4.75%	5.69	5.20	4.88	4.77
1 year open	6.55%	6.75	6.50	6.03	5.96
1 year closed	2.75%	4.60	4.06	3.71	3.47
2 years closed	3.05%	4.75	4.24	3.89	3.60
3 years closed	3.65%	5.07	4.56	4.21	4.22
4 years closed	4.09%	5.31	4.81	4.47	4.22
5 years closed	4.34%	5.45	4.95	4.95	4.39
7 years closed	5.25%	5.95	5.49	5.18	4.97
10 years closed	5.25%	5.95	5.49	5.18	4.97
Prime rate	2.25%
Zero down - Free Down Payment 5% Cash Back Option	5.85%	6.35	5.89	5.60	N/A

*Rates are discounted by at least 1% and are subject to change without notice. Clients must meet discretionary pricing requirements. **Multiply mortgage amount by "x" YR AM to calculate mortgage payment.

VARIABLE RATE MORTGAGE: @  PRIME + .40%

Convert at any time to low fixed rates 

 

**5 years fixed as low as 4.29%**

To Your Success,

Former "Pro"fessional Athlete, Current "Pro"fessional Family Realtor,

www.YourRealEstatePros.CA

Keller Williams Referred Realty Inc, Brokerage 416-445-8855

Mortgage Options for the Current Homeowners

Lately, most asked question from our current home owners have been whether or not they should be thinking about refinancing their current mortgage or not.  Although the "itch to switch" is on the minds of many, home owners must take a cautious approach to this strategy for a number of reasons.

• First, are you able?

• Second, what is the penalty to do so?

• Lastly, is it beneficial to do so RIGHT now?

With today's interest rates at historic lows, so many of our homeowners are tempted to break their five-year fixed-rate mortgages they currently have to reap the potential savings offered by variable-rate loans available today.  Here is a handy explanation to the ramifications and what to do and what to be aware of as you figure out whether or not now is the right time to make a change to your current mortgage.

How Can I Help YOU?

Former "Pro"fessional Athlete, Current "Pro"fessional Family Realtor,

www.YourRealEstatePros.CA ~ Jason Gavadza

Keller Williams Referred Realty Inc, Brokerage 416-445-8855