Last Chance for an Easy-Appraisal Refi

14 10 2012

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If you’ve been waiting to refinance because there are rooms in your home you’d rather an appraiser not see, then you have 5 business days left.

Until Oct 20, 2012, you may be able to use an exterior-only appraisal for your home– this saves you money, time, and is simpler.

Here’s the link to the Fannie Mae publication for those of you who prefer to read all the details: https://www.efanniemae.com/sf/guides/duguides/pdf/current/rndodu90.pdf

So if you’d like to save more money on a refinance and avoid and issues on the condition of your home, please contact me for a free personalized refinance report.

As always, I’m here to help.

Wilhelm Koenig

405.249.5993

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If you have an FHA mortgage, you NEED to watch this:

15 08 2012

Painless refi without an appraisal.

If you bought or refinanced a home with an FHA loan before spring 2009, you could take advantage of the painless, appraisal-free refinance!

Painless refi without an appraisal.

There is no appraisal required, almost no documentation required, and I pay most of your closing costs.  (subject to credit score and loan amount requirements)  Please look at this case study and contact me for a personal savings report.

Painless refi without an appraisal.

 

Wilhelm Koenig

 

 





Planning the route to your vacation

6 01 2012

Imagine you’re driving to your beach vacation and you could take a route that would get you to the same destination, but in half the time with only 1/3 of the costs, giving you an extra week of time on the beach.  The catch is you’d have to give up two McDonald’s meals on the trip to enjoy an extra week in paradise.  Which route would you choose?

Discover the freedom of a 15 year mortgage, but more importantly, experience the fun of the extended vacation afterwards.

The average person on a 15 year mortgage pays it off in 7-9 years.  Where will you be in 7 years?

Please call me if you’d prefer to be on the beach.

Wilhelm Koenig

405.249.5993 cell





How to save an additional $150,000 on your home:

30 12 2011

Small step #2.

So you own a home– congratulations!  You’re decades ahead of the average renter and are on the path to win.

Over time, your income will likely increase, and your current debts will decrease.  This can help you make the second small step towards financial freedom: The short-term mortgage.

By refinancing to a 15 year mortgage, your interest rate will usually be 1-3% less than your current 30 year rate.  Also, every dollar you spend gives you the same result as $3 towards a 30 year mortgage.  And in the first 12 months of a 15 year loan, you will build more equity than 4 years of payments on your 30 year loan.

Imagine you’re driving to your beach vacation and you could take a route that would get you to the same destination, but in half the time with only 1/3 of the costs, giving you an extra week of time on the beach.  The catch is you’d have to give up two McDonald’s meals on the trip to enjoy an extra week in paradise.  Which route would you choose?

When you’re ready to make a choice to save more money on your home, I’m ready to help.  Please contact me for a personal savings report, to see how much extra time on the beach you’ll get.

And if you can only afford your current monthly payment, we can usually still save you 1% and a decade of payments with a 20 year loan.  So please reach out to me to see how much you’ll save.

As always, I’m here to help.

Sincerely,

Wilhelm Koenig

405.249.5993 cell





Why do I get to skip a payment when I buy or refi?

3 10 2011

In some situations, you could skip two payments.  But let’s take a closer look at what is happening with the first payment on your loan.

Interest is always paid in arrears on a loan.  This means that the interest has to accumulate before there is anything to pay.  It’s like a water bill- you use the water first, the utility company checks to see how much you owe, and then bills you the next month for the previous month’s usage.  So the interest accrues during your skipped month and your first payment applies to the interest from the previous month and the loan principal.  That’s why you get to skip a month.

How do I get to skip two months?  If your loan funds during the first 5 days of the month, you could pay less closing costs and skip one payment, or pay slightly more and skip two.  Since you are only paying the interest for the skipped month, it’s usually only about 2/3rds of what the normal payment would be.

Many times a home purchase or refinance happens when you’re going through a life change– a new marriage, baby, job relocation, divorce or death in the family—and many times skipping one or two payments helps with all the small “other” costs that go along with these life changes, whether they are diapers for babies or diapers for taking in elderly parents.

I am honored to help you save money on your home financing, especially when you are going through these life transitions.  So far I have saved fellow Oklahomans $18.3 million on their homes this year, and I want to help you be a part of that savings.  Please reach out to me, and I’m happy to help.

As always, here to serve,

Wilhelm Koenig

405.249.5993