Roses are Red, Violets are Blue, Interest Rates are Historically Low… You Could Save $$$ Too!

Valentine’s Day is almost here and love is in the air. Do you know what else is in the air? Talk of low interest rates. If you haven’t caught wind that interest rates are historically low consider yourself an anomaly. Mortgage interest rates have continued to hover near all time lows for quite a long stretch of time, meaning now could be the best time for you to take advantage of them by refinancing your current mortgage or locking in a low rate for your next home purchase. Unlike eternal love, low interest rates may not last forever so take advantage of the situation while you can!

Fall In Love With The Benefits of a Refinance!

If you already have a home that gives you all the feels, plan to own it for a while and your current rate is around 3% or higher… Looking into a refinance may be a great option. Refinancing your current mortgage is an especially great idea if you’ve been giving your credit score some love. When it comes to your interest rate, the better your credit score is the better chance you have of securing a significantly lower one. Remember, it takes a period of time to break even after closing costs to begin seeing the actual savings of a refinance so if you plan to stay in your home for a while, you can truly save money in the long run… But if you plan to move soon, finding a new home you’re head over heels for sooner rather than later might be a better plan of action. 

Is a New Home Where the Heart is?

Low rates mean increased purchasing power; when interest rates are this low, your dollar stretches further making you able to afford more than you might think (hello dream home!). Additionally, when you are working with a larger budget, you probably have more wiggle room for negotiating. If you and your Realtor are looking at houses within your price range and you’re faced with a bidding war, your odds of being able to submit a counter offer to beat out other bidders are higher. 

There’s no time like the present to lock in a sweet low rate through a purchase or refinance. Check out these tools you can use to review a possible refinance or preview your next potential home purchase.  Connect with a Cambria Mortgage professional to talk more in-depth about your options today! 952-942-0110 / CambriaMortgage.com

Allison Manson

Allison Manson

Brand Strategy Manager

Cambria is a privately held, family-owned company with an entrepreneurial vision. As a family-run business with deep Minnesota roots, we are committed to building strong relationships. We offer easy-to-understand, innovative mortgage solutions. Combined with highly…

What Makes a Team Great? 10 Times Our Clients Summed it Up.

When it comes time to purchase or refinance your home loan, it’s important that your lender fully understands your unique circumstances, your financial situation and your goals for the future. This is an occurrence where you definitely don’t want to feel like you’re “just another client”. At Cambria Mortgage, clients receive personal, one-on-one assistance with a lender they can trust. Our Mortgage Consultants explain the various home mortgage programs, help you decide which loan is best suited to your needs and guide you through the entire process so you feel fully informed and able to make sound decisions. Client satisfaction means the most to us. Here are 10 examples of feedback we’ve received that proves just how much our team cares:

5 Steps to Achieving Your Goal of Homeownership

As the entire world is aware, a fresh new year is ahead of us. Like many others, you’ve probably taken some time to reflect on how this last year has shaken out and you've likely set some new goals for yourself. In order to best achieve a goal, we need to map out exactly what needs to be done to get there. If purchasing a home is on your list of resolutions this year, keep reading because we’re laying out exactly what you need to do to crush that goal in 2021.

Creating Your 2021 Vision Board: Is a New Home One of Your Goals?

In a year full of uncertainty, one thing is for sure… It was easier than ever to lose sight and hope of what’s next. Many who planned on buying a home this last year decided to postpone that dream. But interest rates are stellar and it’s time to act. If you’re like us, and ready to put the doom and gloom of 2020 behind you, you’ll enjoy this article.

Clues You Should Refinance

It’s no secret that rates are low, and it seems they just keep getting lower. In August, the nation’s average…

Is 2020 Still Your Housing Year?

We don’t think anyone would disagree with stating this year has been unexpected, difficult and confusing for most everyone... but especially for prospective homebuyers. Those who planned on 2020 being the year they jumped headfirst toward their dream of homeownership may now find themselves doubting that idea altogether. Fear surrounding another housing crash like that of the last recession still lurks, however all signs are still pointing toward a positive housing climate.

Realize Your Remodel with Finance by Cambria

Now that summer is upon us, it’s a great time to start planning your next kitchen or bath remodel with Cambria®. Whether you’re dreaming of a sparkling, all-white kitchen with pristine countertops and a stunning center island crafted of Ella™, or a sophisticated master bathroom with a coastal-chic vibe featuring Oakmoor™, Finance by Cambria is an ideal way to pay for your remodel.

Jumpstart Your Remodel with Finance by Cambria

Now that spring is just around the corner, it’s a great time to start planning your next kitchen or bath remodel with Cambria. Whether you’re dreaming of a sparkling, all-white kitchen with pristine countertops and a stunning center island crafted of Ella™, or a sophisticated master bathroom featuring the elegant, serpentine swaths of Roxwell™, Finance by Cambria® is an ideal way to pay for your remodel.