Buy or Re-fi!

Bonds have taken a beating over the past week or so, and this could mean that interest rates may head upward in the near future. So, what can you do before interest rates increase? Well, here are some options:

1. Buy stocks based on all the optimistic predictions currently being advanced by the very same guys (government & Wall Street) who brought you the sub-prime fiasco and credit crisis,
2. Stay the course and do nothing, or
3. Invest in a new (or, your existing) home via a purchase or re-fi.
   

Think about it… With the stock market in shambles, and one-year CDs yielding about 2.50%, it’d make a lot more sense to take advantage of low mortgage interest rates and either:

• Buy a home (the most expensive item you’ll ever purchase), or
• Refinance and significantly lower your monthly payment.
  

Consider the potential for a home’s appreciation in value, and, unlike rent, the deductibility of the tax and the interest portion of your mortgage payment. And right now, first-time homebuyers may be eligible for up to an $8,000 tax credit. Wow!

In addition, there currently are a number of government stimulus and other programs available to assist even those with perfect credit and payment histories—and regardless of income! However, as you go forward, you’ll need to bear one thing in mind: The rules associated with these new forms of "stimulus" are complex!

To achieve your goals, you’ll need help from capable specialists--and our professionals are available seven (7) days a week to assist you. Just call 214-559-0277, and let us lend a hand!

EchoPoint Mortgage Company / CSW Home Loan
Phone: 214.559.0277
Email: info@cswhomeloan.com
Website: www.cswhomeloan.com
Blog: http://echopointmortgage.blogspot.com/

EchoPoint Mortgage Company dba CSW Home Loan is not an accounting or law firm, and neither it nor any of its officers, directors or employees provide tax or legal advice. Before making decisions that might have tax or legal consequences, you should consult your tax or legal advisor.