REAL ESTATE AND MORTGAGE RATE UPDATE 12/10/2013

REAL ESTATE AND MORTGAGE RATE UPDATE
Marc Demetriou Real Estate and Money ShowMortgage rates are back up at 2 month highs and there is still a serious shortage of houses for sale in the under 1 million dollar sale price. Home values are still continuing to trend higher due mostly to the lack of inventory which is causing bidding wars. Values should continue to go up by about 5 to 8 percent annually over the next few years.
So, now is the time to consider locking in your floating arm loan or converting the floating rate line of credit into a fixed rate.  Additionally, it is a great to buy knowing that home values are continuing to trend higher.
If there is a certain rate you are looking for now, please let me know. I track rates all day long and if the rate is available that is great, if not with the major volatility on a daily basis there is a chance I can still grab the rate with some of the intraday or intraweek movement. Please just reply back with answers to the questions below and I will get back to you.
As a mortgage banker, mortgage broker and FHA lender I have every product available to me in the industry but most of all, our service model will exceed your expectations. Having been consistently ranked in the top 1% of mortgage originators in the country I am considered an expert by my peers in the mortgage industry.
Additionally, I have a 99% closing ratio and most of the loans submitted close in approximately 26 days. I respect your time and money and do not want to waste either.
So, if you are looking to refinance or purchase a home please email me the answers to the following questions and I will reply back to you accordingly:
Current loan amount, mortgage rate and product
Desired loan amount, desired mortgage product (fixed or arm) and term (length of time ie: 15, 30…)
Approximate value of home
Single family house or condo
Primary residence, second home or investment property
State property is located in
If you have any additional questions, please don’t hesitate to contact me anytime.
Sincerely,Marc
NLMS#111118 | Company NLMS #34973
NJ- Licensed by the NJ Department of Banking and Insurance – License # 9964632
NY- Licensed Mortgage Banker – NYS Banking Department – License # B500689
CT- Licensed Mortgage Banker – CT Department of Banking – License # 13236
FL- Licensed by the Florida Office of Financial Regulation – License #MLD388
PA-Licensed by the Pennsylvania Department of Banking – License #20875
Marc C. Demetriou, CLU, ChFC
Residential Home Funding Corp.
39 Main Street | Bloomingdale, NJ 07403
phone: 9734920117 | fax: 9734921108 | cell: 2012863386
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About Marc Demetriou

Marc C. Demetriou is a successful entrepreneur, businessman, and motivational speaker. In August of 2005, Marc partnered with Residential Home Funding Corp. and opened his first branch office in Bloomingdale, NJ where he assists both commercial and residential clients with their financing needs. Marc is preparing to expand over the next several years with additional branch offices throughout the Tri-State area.