Mortgage rates have been on a wild roller coaster ride for much of the year due to unpredictable and unprecedented Covid-related events. When rates suddenly began climbing this Spring, I advised refinance clients to submit applications but hold off on locking a rate, as I was optimistic rates would fall in the coming months. Nearly all of those clients who followed that advice benefited greatly as they locked record low rates this summer.
Now, mortgage rates are poised to take another dip after rising during most of August. With the stock market having an awful day today, mortgage rates are creeping back to their record lows seen earlier this summer. New season, but same strategy; get an application in ASAP and get ready to lock a rock bottom rate!
Please watch this video detailing how my Spring-time refinance clients followed my advice to lock a low rate, and why you should do the same as we head into Fall!
If you have considered refinancing in recent months but have hesitated moving forward, now is the time to get an application in with me! Doing so will help us get prepared to lock a record-low interest rate. Here’s what I need from you, and you can upload them safely using this link to Document Guardian:
Recent pay stubs from the last month
2019 w-2 (or 1099 if retired)
An email authorizing me to pull your credit report
Last month’s bank statement for checking and savings accounts
2019 & 2018 tax returns (only if self-employed or own rental properties)
In addition to the documents above, complete an application at https://mattsundermier.zipforhome.com/