MBN Mortgage – Dispelling Rumors
MBN Mortgage wants to dispel the rumour that it is impossible to obtain mortgage financing. While banks and lenders are keeping a tight grip on their money, there are still many deals to be had. Simply put – banks don’t make money if they aren’t loaning out their funds, so…have good credit? Looking to purchase a home? Refinance an existing debt? The possibilities are endless.
And the deals keep getting better – mortgage interest rates keep dropping in the hopes of boosting consumer confidence, so individuals purchasing homes right now have the ability to access fixed rates as low as 4.39% and variable rates as low as prime plus 0.80%, or currently 3.80%*.
What does this mean for you as a homebuyer? Your borrowing terms are extremely favorable – on a $400,000.00 mortgage in a variable rate product, your mortgage payment is roughly only $1770.00 per month as compared with a few months ago when rates were in the high 5% range with payments of approximately $2280.00. For individuals looking to purchase or refinance, these favorable terms aid in your MBN Cash Management strategy, an integral component of your overall wealth accumulation and preservation plan.
Contact MBN Mortgage at 1.866.955.9662 to learn more about the mortgage products and financing options available to you.
MBN Mortgage
*current as of Feb 5, 2009
