Have you completed your re-fi?

July 24, 2008

Believe it or not, now is a great time to refinance your mortgage.  Rates are low and there are lots of new and revised programs through FHA and Fannie Mae.  Many are probably surprised to hear this, because you did not hear it on television or read it in the newspaper last night, but it is true.  I was recently talking with Wendy Sweet of 1st Choice Mortgage here in Lake Wylie.  She was explaining about the new rural criteria for purchases and the new rules for FHA loans.  There are even down payment assistance programs available to help out that most people are unaware of.

Why should you refinance?  When you don’t need money, it is the best time to line it up.  No banks want to give people money when they are in bad financial shape and need it.  Line it up now.  The reduction of your interest rate is also a giant savings in the long run.  Get a home equity line for the full amount available based on your home’s value.  Don’t use it, but keep it as your back up emergency fund.  You never know when you might need it.

Donna Bordeaux, CPA with Calculated Moves

Creativity and CPAs don’t generally go together.  Most people think of CPAs as nerdy accountants who can’t talk with people.  Well, it’s time to break that stereotype.  Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux.  They have over 50 years of combined experience as entrepreneurial CPAs.  They’ve owned businesses and helped business owners exceed their wildest dreams.   They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.