Serving All of Massachusetts & New Hampshire 

Complete an online application today!

Rates are subject to change without notice.

Conforming rates shown assume purchasing an owner-occupied, one-unit, single family dwelling up to a loan of $417,000 that is to be made to a consumer with proof of employment & income with a credit guide score of 740+. The loan is based on a 20% down payment, a 30 day lock (that begins no later than the approval of the loan) and 0 to 2 cumulative discount points. Annual Percentage Rates (APR) include all prepaid finance charges that can be amortized over the life of the loan under the Truth-in-Lending Act. All quotes are for conforming products or loans that can be sold on the secondary market with no prepayment penalties nor negative amortization. Rates are good as of the survey date, but may change without notice. The rate, terms, pre-paid finance charges and APR may vary based on a number of factors including, but not limited to, the creditworthiness of the applicant(s), self employment status of the applicant(s), condo or townhouse structure, loan amount and geographic location of the property. Interest rates shown are subject to change without notice. Certain geographic or loan restrictions may apply. JUMBO rates are based on a purchase loan amount of >$417,000, assuming a 20% down payment & a +740 credit score.

Loan Rates also subject to Fannie Mae new Loan Level Pricing Adjustments (LLPA)

https://www.efanniemae.com/sf/refmaterials/llpa/pdf/llpamatrix.pdf

HOW TO REFINANCE AND GET THE LOWEST MORTGAGE RATE President Obama has released details of his Housing and Mortgage Stimulus Plan.

Now what?

If you currently have a mortgage rate of 5.50% or higher you need to call Premiere Mortgage Services Inc. 978-422-2311 or toll free 800-480-0545.

The fact of the matter is that mortgage interest rates on the 30- 25 & 20 Year are at the lowest levels in the history of mortgage lending right now.

But there are ways to ensure you get the lowest possible mortgage interest rate on your new Massachusetts or New Hampshire Mortgage Loan.

So, what can you do to make sure you can get the lowest rate? Start the process right now!

- We can determine if today’s low rates make refinancing a good solution and work with you to do a comprehensive Refinance Analysis so we can determine your target rate.

- We then will submit your mortgage loan application to receive your mortgage loan approval from one of the many Banks & Lenders we work with.

- Upon approval you can decide if you want to lock in the preferred price lock window (15-Day Preferred Pricing) or float your rate.

(This could reduce your cost by .125-.375%).

What happens when we have a sudden drop in mortgage interest rates?

- There is a flood of new applications taken

- When the volume exceeds the ability of the lender’s current staff to handle the lenders will raise the rates again. (Currently there is significantly less staff at the lenders due to the past slowing real estate market)

- Drops in mortgage interest rates in the past have only lasted a very short period of time and most people lose out.

- Underwriting turn times fall way behind and force the rate locks to be extended out to 45-60 days. (At the time of writing a large majority of lenders are 30-60 days out for refinance closings)

For those that decide to wait and not take any action or try to know where the bottom is could end up obtaining a higher mortgage rate. No one knows where the bottom is or will be however if history teaches us anything and the fact that 30 Year Fixed Rates are at there lowest levels of all time is it worth the gamble for another .125 or .25% reduction in rate? Do not get greedy.

Remember, when rates drop and you start the process at that time like everyone else, you will have to lock in for a longer period and will be getting a higher mortgage rate than you could have if you had planned. This eliminates the benefit you thought you would have received from waiting for a drop in mortgage rates.

We are looking at an incredible opportunity to be able to lock in mortgage interest rates lower than they have ever been. Put yourself in the best position to make the most of this situation and don’t miss out.

Call Now 978-422-2311 800-480-0545

Premiere Mortgage Services Inc.

Dana & Robin Bain