This unique proposition presents borrowers with an alluring incentive: a potential reduction of up to 0.875% in the advertised mortgage rates if they choose to open a Certificate of Deposit (CD) with their bank.
Is using your Home Equity to Purchase a Second Home an Option to purchase your home in the La Quinta, Indian Wells, Palm Desert, and Rancho Mirage area? With current interest rates higher than they have been for many years and the increase of home prices over the same time, you may have built up quite a bit of equity in your home – and missed out on purchasing anything else.
FED Funds Raise Again by .75% this morning (September 21st) based on economic data over the last few months. You Can Still Buy a Home in Coachella Valley In Spite of Higher Interest Rates.
ncreasing interest rates and the value of your purchase will continue to increase the longer you own your home. Win – Win.