Are you a homeowner in Northwest Indiana? Have you thought about refinancing? Despite the crawl out from the recession, now could be a great time to refinance your mortgage.

Right now there are a ton of federal programs that you could miss out on if you choose not to refinance now! They could save you money and help in the economic recovery. Federal mortgage refinance programs have given more than 2 million homeowners refinance their home loans to help them save money on their mortgage payment and stay in their homes.

In fact, around 2.2 million homeowners have saved an average of $120 a month on their payment. a 10.5% reduction from their previous payment. Refinance activity will result in $2.3 BILLION in mortgage payment savings for borrowers who refinanced in the first half of 2009. Over the next five years those savings for 2009 will grow to $11.5 BILLION! This is not small change.

Also, now homeowners do not need to look just to their existing lender/servicer for refinance options. Since Oct. 1, 2009, homeowners got the option to shop around and refinance through any Fannie or Freddie lender. This is great news and part of many changes this year.

In addition to lowering your monthly payment, a refinanced mortgage can move you to a fixed or adjustable rate, shorten the term of your home loan, or let you tap home equity – with a lender’s approval.

Having low rates means that now is the best chance to buy a home before rates rise and prices go up again! Now could be the best chance to take advantage of the market as the recovery continues. Also, right now, rates are stable as well as low! Hovering around the 5% mark.

Thinking of relocating to the Northwest Indiana area? You can use our moving truck for FREE!

As one of the top producing teams of experts in our field both locally and Nationally, our full service team strives hard to make sure your real estate transaction is a truly rewarding experience.

Finding your dream home or finding a buyer is only part of the challenge of a successful transaction. Click here to search Northwest Indiana Real Estate using our complimentary Northwest Indiana Real Estate MLS Search service. Alternatively please contact Jana Caudill and the team if you need more specific assistance in your Northwest Indiana Real Estate needs. You can call the office on: 219-661-1256 or email us on: jana@janacaudillteam.com

We believe you win in life by helping others. Thank you for this opportunity. We would love to help you too!

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