Mortgage Blog

Interest rates are still low on 30 year fixed mortgages and on Reverse mortgages as well.  If you have your house completely paid off and would like to use the equity in the form of cash without making any payments at all, give me a call or submit a quick application online.

Colby

We have opened an office in Wichita again.  The new location is 313 N. Senaca St. STE 111.  Mike Downing will be working in that office and helping clients with home loans and the money merge account we offer.  The money merge account helps you pay off your home a lot faster than you ever would otherwise, and you don't have to make any extra money or pay extra on your mortgage every month. 

Mike worked for me from July 2003 to February 2006, and is now back working for me again.  Stop by and see him or call him at 316-440-7544.  If you'd like to meet me there in Wichita rather than coming to Wellington, give me a call and we can set up a time to meet at our new office.

Have a good rest of the week!

Colby

Rates have spiked upwards over the last 10 days or so.  Hopefully it's temporary and will head back down this week.  Our construction loan rates have stayed steady throughout the spike however, and they are beating most of our competition. 

Don't forget that we also do Auto loans and those rates are not changing much at all, still between 5-7% depending on the age of the car and length of the loan.

Colby

VA loans are the last of the 100% loans out there.  If you are eligible for VA loans you could be in great shape to still purchase a home with no money down.  Call me or email me to find out if you're eligible.

FHA still offers a 97.75% loan and allows you to roll in the down payment and closing costs via a down payment assistance program.  That can also effectively be a "100%" loan, although your seller has to agree to cover those expenses for you. 

Don't forget to check out www.colbyzeka.com for insurance, mortgage, and many other services and oppurtunities.

Colby