Now’s the Time to Call your Texas Mortgage Broker

                                                                                         

Texas homeowners may never have a better time to get an incredible deal on a mortgage refinance from their local Texas mortgage broker. Why? Falling home prices, government irresponsibility, so-called “free-trade” deals and misconduct on the part of unregulated banks and lending institutions have done substantial and inexcusable damage to the U.S. economy. AS a result, the Feds are attempting to cover their behinds by taking interest rates to their lowest levels in many years.

Bad News…

It’s bad news for the clowns on Wall Street, but it’s great news for Texas home owners who are looking to eliminate their unsecured debt and lower their monthly payments while improving their credit scores.

This is one of the best reasons to call your local Texas mortgage broker who can help you to use the equity in your home. The same credit card companies that wrote the “Bankruptcy Bill” passed in Congress in 2005 that virtually eliminated the right of ordinary working folks to declare bankruptcy (while strengthening that right for Big Corporate Business) are putting the screws to hard-working, ordinary Americans like never before. Interest rates that would have been called “usury” several years ago are now commonplace – and legal!

Good News…

Pulling cash out of your home and paying off predatory credit card companies can save you a lot of money in interest and “fees” alone! In addition, interest on a second mortgage is tax deductible (which credit card interest has not been since Reagan signed the “Tax Reform” Bill of 1982 into law).

The other advantage here is that every time you pay off a loan – such as a credit card – it shows up on your credit report as a positive, which is never a bad thing.

It’s also the best opportunity those who got suckered into “adjustable rate mortgages” to bail out and lock in a low, fixed rate. ARMs are useful for those who are planning to live in a house for only a year or two, but they are seriously bad news for most homeowners that plan to stay a spell. “Adjustable” invariably means “upward” as the parasites who write such mortgages try to recoup their expenses by sucking the lifeblood out of the borrower. By jumping out of an ARM and into a fixed-rate mortgage, you won’t have to worry about your house payment going up several hundred dollars a month, no matter where interest rates go.

Now is the time to take action, however. Don’t wait – call your local Texas mortgage broker now; s/he has programs that will work for virtually anyone, regardless of their credit situation.

About the author:
Jonathan Blocker has years of experience with mortgages and refinances in Texas. He deals with companies that provide the most affordable mortgage rates for existing and soon to be homeowners throughout Texas

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