“Taking you from where you are
………. to where to you want to be”

Oct Mortgage Rate Update

Written by Clay on . Posted in Newsletter, Rate Updates

Wild changes in mortgage rates the past few weeks … red bars indicate bond prices are down and rates are up. Bonds have been trading on Online Forex Trading Software based on the news in Europe / Greece. Amazing that so much attention is focused on that issue when we have our own problems in the US … Still right at all-time lows in rates! Every comparison is made at no cost representing a “no-brainer” decision to take a look at a refinance. My favorite option is boat loans, to leave your payment the same and take years off your mortgage.   30 year fixed conforming $417,000 loan – 4.250% no cost 15 year fixed conforming to $417,000 – 3.750% no cost 30 year fixed conforming to $625,500 – 4.000% no cost Waiting for even lower rates could leave you on the sidelines …      Fax me your mortgage statement and the last four digits of your social (so I can look up if Fannie or Freddie own your loan.  I will get back to you with the benefit from a refinance or simply confirm you should stay pat.  No fax?  Just give me a call. You might benefit from additional monthly cash flow or take years off your mortgage keeping your payment the same by switching into a 15 year fixed loan.   All comparisons are done with ZERO transaction costs. It would mean a lot to me if you forwarded this email to a friend, client or family member that would like to get a free analysis of their mortgage. As always, let me know if I can be of help in any way!

Expansion of HARP refinance program

Written by Clay on . Posted in HARP, Newsletter

President Obama announced Monday, Oct 24, 2011 – an expansion of the HARP refinance program – extending benefits of a refinance to underwater homeowners!  This is something that will help homeowners who previously could not refinance because of bad credit loans and low appraisal values.  Listen to my comments below and either fax us your current Mortgage statements, complete the information below to find out if your loan is owned by Fannie Mae or Freddie Mac and is eligible  … it does not matter who SERVICES your loan – only that the mortgage is owned by either Fannie Mae or Freddie Mac. Ask me how! If you’d rather pay back your nationaldebtreliefprograms.com in full, remember that there are other debt relief programs to help you do that and get your personal finances back on track. Enjoyed a nice week in Boston attending the National Reverse Mortgage Lenders Association’s  conference. Some highlights will be shared in a future post.  Once again, anything to do with reverse mortgage education – I can help!
  Clay Selland CPA, President Signet Mortgage Corporation

Now is the time to have “the talk” with your parents! No, not THAT talk…

Written by Clay on . Posted in Family

“It’s the age-old question: When and how do we have “the talk?” No, not that one, but the dialogue on the other side of the lifetime spectrum, often just as difficult and delicate — the one about an aging family member’s driving abilities, housing transitions, costs of long-term care and even end-of-life instructions. Most of us, on either side of the discussion, would rather chew on nails than delve into these subjects. Yet as more and more baby boomers step into senior citizen territory and life expectancies continue to increase, such issues loom large. Even so, these talks don’t always have to be harrowing. While each individual, each family, each situation is different, most in the field of geriatric care agree the process is easier the earlier you start — when all parties are fully engaged — and say you should approach loved ones with respect and compassion, appreciating an individual’s need to retain independence.” Read the rest of this article in the Contra Costa Times HERE. Signet is an active participant in the Points of Life group here in Northern California, which helps families learn about the changes that come with loved ones aging. The group focuses on “Elder Ed” which includes the following:
  • Legal Rights and Obligations
  • Financial Rights and Options
  • Care Options
  • The Cost of Long Term Care
  • The Wants and Wishes of the Family and Loved Ones
  • The Need for Family Communication
  • Final Planning and much more
You can read more about Points of Life on the website www.pointsoflife.org If you’d like to know more about how Signet can help you have “the talk” just give us a call! 925-807-1500