NKS Monthly

Recently, the Federal Reserve has cut the Fed Funds Rate by .50% and the Discount Rate by 1.0%. With all of the uncertainty of the credit market these days, many borrowers have called expressing concerns regarding their short-term-fixed-rate loans that may be rolling into adjustable-rate products within the next couple of years.

If you currently have a 5-, 7-, or 10-year fixed rate loan on your property and are within a 2-year window of it rolling to an adjustable loan, we need to schedule a 10-minute mortgage consultation with you.

As your mortgage manager, I feel a responsibility to advise you regarding your options for your future mortgage. I am here to help you determine if there are other options you should consider to help protect you for the future.

It might make sense to get into something with a longer term, so that you are protected if the market continues to tighten or if property values become affected due to the current trends.

Please give me a call to discuss your options. We value our clients and want to ensure that we are doing everything possible to help our borrowers make the right lending choices for their future. This is a crucial financial time in history, and no one is certain how severe the current credit crunch may be or how long it will last. Because of this, it is critical that you be proactive today to protect your financial future!

Rest assured that my team and I are here to help. Please call or email us at your earliest convenience.

Thank you for trusting us with your mortgage needs.

It’s a good life,

Neal Smith