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Refinance mortgage

Home Mortgages and Home Buying Refinance mortgage

  • Avatar jsmoove123 
    Participant
    Status: Physician
    Posts: 33
    Joined: 03/11/2017
    Splash Refinancing Bonus

    Any recommendations on finding a mortgage broker to help with low closing cost physician mortgage?

    #237463 Reply
    jfoxcpacfp jfoxcpacfp 
    Moderator
    Status: Financial Advisor, Accountant, Small Business Owner
    Posts: 7958
    Joined: 01/09/2016

    Any recommendations on finding a mortgage broker to help with low closing cost physician mortgage?

    Click to expand…

    You could start here. I can give you a couple of names if you want to email me at [email protected]. Note that I get nothing in compensation when I refer a mortgage broker and do not expect referrals in exchange, either.

    Johanna Fox Turner, CPA, CFP, Fox Wealth Mgmt & Fox CPAs ~
    http://www.fox-cpas.com/for-doctors-only ~ [email protected]

    #237546 Reply
    Avatar EntrepreneurMD 
    Participant
    Status: Physician
    Posts: 288
    Joined: 06/10/2019

    For those still looking for a refinance/purchase:

    As of now, market projects 100% chance of September Fed rate cut, nearly 80% chance October and about 50% in December. Those odds can change almost daily, but keeping a close eye to see if refi opportunities show up.

    Generally fewer homebuyers December-January periods, so lenders may entice refi’s with lower rates. I wouldn’t be surprised to see 2.5% on a 15 year fixed at some point.

    There’s even more chatter about negative interest rates in the US if the race to the bottom continues, but getting all the way down there is still a longshot. A new major recession may get us there.

    In any event, right now the trend is your friend.

    #237571 Reply
    Avatar adventure 
    Participant
    Status: Spouse
    Posts: 1168
    Joined: 10/24/2016

    Fed funds rate cuts

    Click to expand…

    @jfoxcapcfp – Have you ever seen this website?

    https://lmgtfy.com/?q=Fed+funds+rate+cuts

    … I think you might get a laugh.

    #238023 Reply
    Avatar adventure 
    Participant
    Status: Spouse
    Posts: 1168
    Joined: 10/24/2016

    Any recommendations on finding a mortgage broker to help with low closing cost physician mortgage?

    Click to expand…

    We skipped all the brokers and went straight to the banks/lenders. The first house I checked with 15 places, the 2nd house we checked with 3. That said, our goal was a low interest rate (and thus low total cost of loan), and low down payment. The actualy closing costs were not our #1 priority, mostly because they are small and not where the main costs show up. Also, with points and offers and other shenanigans they are always fuzzy.

    #238024 Reply
    jfoxcpacfp jfoxcpacfp 
    Moderator
    Status: Financial Advisor, Accountant, Small Business Owner
    Posts: 7958
    Joined: 01/09/2016

    Fed funds rate cuts

    Click to expand…

    @jfoxcapcfp – Have you ever seen this website?

    https://lmgtfy.com/?q=Fed+funds+rate+cuts

    … I think you might get a laugh.

    Click to expand…

    Always up for a laugh. There are several links on this page – which one are you looking at?

    Johanna Fox Turner, CPA, CFP, Fox Wealth Mgmt & Fox CPAs ~
    http://www.fox-cpas.com/for-doctors-only ~ [email protected]

    #238032 Reply

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