If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing. There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.
Mortgage Rates At A 37 year low!
Mortgage rates have fallen to the lowest level reported since 1971. Rates have started falling due to the Federal Reserve purchasing 600 billion of mortgage-related securities. The Federal Reserve has cut the federal funds rate from 1.00 percent to .25 percent and indicated they will keep money into the markets for mortgage investments.
Mortgages are available for borrowers with 3.50% down and in some cases zero down. Kansas Housing Resource and Rural Housing Loans give borrowers the opportunity to purchase homes with zero down payments. Call Lisa Phelps with Priority Mortgage, 721-7700 or 316 258-1793 or firstname.lastname@example.org , to see what she can do to help you get into your next home! With 25 years of mortgage lending experience she has the knowledge and tools to help you take advantage of these great rates!
Or I will be happy to refer you to some other very good mortgage contacts I have in the Wichita, Garden Plain, Goddard, Maize, Cheney and surrounding areas. Who may have the right loan product that works for your personal needs? Use the mortgage calculators below to assist you in making some decisions around financing your new home.