During the unprecedented "Housing Boom" in the early part of this decade, many of our clients were locked into never seen before 30-Year fixed rates as low as 4.99%.
We've maintained contact with many of you, but unfortunately today's housing market has left mortgage rates at a level where we can no longer provide a benefit to you and your families.
A homeowner with a 5.25% is NOT going to refi to a 6.5% unless they absolutely have to. A divorce settlement, death in the family et cetera are a few examples of the kinds of extraneous circumstances that would create a need to refinance to a higher fixed rate. Otherwise, you're not going to touch your first mortgage and I certainly don't blame you. I won't either.
However - with a new market comes new ideas and new products. Complete Mortgage is thrilled to be a licensed agent of the new MMA (Money Merge Account) Product. MMA is software based on an infallible mathematical algorithm that uses a concept called "Interest Cancellation" to pay your loan off in half the time without making ANY extra payments a year.
There's no adjustment to your first mortgage and no appraisal needed. All you need is a Home Equity Line of Credit (HELOC) equal to 3 times your net monthly income. If you already have a line of credit, you can use that too. E-mail me for more details!
- Jeremy G. Cohen
Vice President
Complete Mortgage Company
http://www.completemtg.com/
jcohen@completemtg.com
4012752020 113
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