Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community

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     Just when you think you've seen it all, you haven't!  Interest rates have somehow managed to decline to a new record level.  I saw an advertisment from a trusted lender today that is offering well qualified borrowers a 30 yr. fixed conventional mortgage at 4.0%, or a 15 yr. fixed conventional loan at 3.25%.  Who would have thought they could go so low?
     If you have a mortgage at a higher rate you might want to consider refinancing.  There are costs involved with refinancing, but your lender can help you determine if it makes sense for you.  Some factors in your decision might be:  How long you intend to keep the property, how much your monthly payment would decrease, etc.  You might want to start with the loan servicer who currently handles your mortgage, or if your home hasn't decreased too much in value, a financial institution or mortgage broker may be able to help you, too. 
     I am not a lender, but I can provide you with a list of some qualified lenders of high integrity who I have worked with in the past if you'd like.  Just contact me.
     If you are considering buying a home, it's certainly a great time to be doing so!  Not only are the rates incredibly low, but home prices are lower than they have been in many years!  If you'd like to talk about purchasing a home in Tucson, please call me!
Patricia Paul, GRI  ***  ***  (520) 548-2078   

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