Why you might consider refinancing soon after buying a home

As you may have heard in the news, mortgage rates are plummeting, yet again.  Despite what has happened to the S&P United States credit rating many investors still feel like our bonds are a much safer investment than other places their money could be stored.  What does this mean for mortgages?  They realistically have hit one of their lowest points in history.  Check out what you can find with today's rates?

• 15 Year fixed loans as low as 3.5% with ZERO points*
• 30 Year Fixed loans as low as 4.0% with ZERO points*

What does this mean?  Not only is it the best time ever to buy, but if you have previously purchased a home in the last year and have a 4.75% or higher it is worth looking to see if you could save money by refinance.  There are even government programs for qualified individuals with credit scores as low as 620!!!  Please check out my website www.shawnkrumpe.com or contact me, Shawn Krumpe with PennyMac Loan Services at (916) 776-6484 for more details or if you have any questions.

*Rate examples are for conforming loans (< $417,000 and > $75,000) loans in California  with zero origination points, borrower FICO score of 740 or greater with a loan to value (LTV) of 75% or less on a single family owner-occupied residential property. Rates and APRs may vary depending on loan details including but not limited to points, loan amount, loan-to-value, borrower credit, income, expenses, property type, occupancy and geography.

Buying a Home in Yuba City

So you are you looking to move to Yuba City?  Yuba City has become a growing place to live as a more affordable and more rural alternative to Sacramento.

If you are simply looking to search homes in Yuba City you have come to the right place! Search Yuba City Homes For Sale HERE

Here are some quick facts about Yuba City.  As part of Sutter county the population as of 2010 was 43,209 with a 17% population change over the last ten years.  The climate is considered Mediterranean with mild winters with light rainfall.  The summers are usually dry and have very low humidity.  Evenings often stay cool due to the Delta breezes.

If you are looking to find out more about buying a home in Yuba City, please contact me today at (916) 776-6484!