Chevy Chase Home Owners – Refinance Opportunity

As record unemployment continues to plague the economic landscape, original hopes for a modest economic recovery this summer have been dampened. This week, the stock market has lost a lot of steam and sent investors to the sidelines fearing a “Double Dip” recession with no relief in sight.

Silver Lining for Chevy Chase Home Owners

In the middle of this dark economic cloud there is a silver lining. If you have purchased a new home in Chevy Chase in the last three years and/or you missed the window of opportunity to refinance last Spring, now is your chance with even lower rates than the first half of 2010. It’s possible to save as much as 1 1/2 % on your current mortgage rate. Many are also looking in to the possibility of refinancing from a 30 yr mortgage to a 15 yr fixed rate as low as 3 ½ %. This strategy can save the borrower literally hundreds of thousands of dollars over the life of the loan.

Looking to Buy a Home in Chevy Chase?

If you’re considering buying a home in Chevy Chase, right now is an excellent opportunity. Record low interest rates have led to greater demand which has supported home price stabilization and according to a recent article on CNNMoney.com, home values in Chevy Chase and the Washington, DC Metro area increased 3.9 % in the second quarter of 2010.

Whether you currently own a home in Chevy Chase, or are considering Chevy Chase for your next home, today would be a great time to consult your Realtor or local home loan lender.

Scott Shaub

theshaubgroup

Academy Mortgage Corporation
301 257-8157