AN OFFICIAL PRESS RELEASE

E MORTGAGE MANAGEMENT,
LLC

Kevin Crichton of E Mortgage Management

Talks About Great Re nance Rates: How,
When, Why
PRESS RELEASE - DEC 8, 2015 09:50 EST

Rates are at record lows, the government has made money

easier to attain through creative lending options and the
economy has been on a slow but gradual uptick. Kevin Crichton
of E Mortgage Management educates the consumer on the
perfect timing of a mortgage refinance.
We recently spoke to Kevin
Crichton of E Mortgage
Management who had this to
say about current mortgage
rates:
Unless one lives in a media blackout, the obvious is all
around Stop and notice the significant increase in the
number of commercials, billboards and banner ads
saying that RIGHT NOW is the best time to refinance a
mortgage loan. There is a simple reason for that: right
now REALLY IS the best time to refinance.

"Today, more than 6.5 million

homeowners are potentially eligible
for a refinance at a lower rate, I
know that E Mortgage Management
can't service all of them, but we're
telling anyone who will listen that
very soon, the rates will be going
up.
KEVIN A. CRICHTON, PRESIDENT AND
COO

Rates are at record lows, the government has made money easier to attain through creative
lending options and the economy has been on a slow but gradual uptick.
Put it all together and this really is the ideal time, but to mix two old phrases together, time
waits for no one and all good things must come to an end. E Mortgage Management (EMM)
has been helping more people than ever get the lowest rate, and have shared knowledge with
its customers that if they are considering a refinance, this is the time.
Today, more than 6.5 million homeowners are potentially eligible for a refinance at a lower
rate, says Crichton. I know that E Mortgage Management cant service all of them,
unfortunately. But were telling anyone who will listen that very soon, the rates will be going
up. Weve already seen home values start to rise, but not high enough to scare away potential
buyers. Once we see a concurrent interest rate rise, some buyers who are on the fence may
regret their decision not to act. Wed hate to see that.
So how can borrowers ensure they are getting the best rate to meet their needs? Before

shopping around for the lowest rates, its important to establish objectives and prepare
finances correctly. Cleaning up any credit and understanding the new government programs
can help improve chances of getting a great refinance deal, and EMM is ready to help with the
process.
Here are a few basic tips:
Answer the Why? question first. Knowing why you want to refinance and defining your
long and short-term goals are both critical to finding the best rate for your situation.
Know your credit score. A score of 740 and above usually ensures the best rate. Your
credit score isnt something you can improve overnight, but if there is any lingering
unpaid debt, NOW is the time to make it right.
Define Home Equity. Your ability to refinance depends greatly on your loan-to-value
ratio, meaning how much you owe on your home versus how much its worth. Make
sure you do all the little things to increase your homes value. If your ratio is still not in
your favor and youre under water, talk to EMM about the best available loan options.
Research and Discuss Terms. The lowest rate doesnt always mean the best choice for
YOU! Some low rates come with high closing costs, or the term is short so the monthly
payment is high. There are many options out there. If youre not an experienced loan
expert, you may end up choosing one that doesnt fit into your needs. An EMM
mortgage advisor can guide you through the maze.
Decide the most realistic loan term. The loan you choose needs to be made in relation
your other financial obligations. For instance, if youre a 35-year-old parent with high
credit card debt, a 30-year term may be best to keep payments low. Conversely, 50 year
old couples with kids who have just left home often choose a shorter term.
Lock in at the right time. This takes us back to the beginning. Because of the current
state of the industry and the looming increases, that time is now.
We really believe this is an exciting time, concludes Crichton. Because EMM is a PRIVATE
lender, were able to turn over every stone and explore every option in addition to all the
traditional channels like Fannie (Mae) and Freddie (Mac). Giving our customers more options
is what has fueled our tremendous growth throughout the 30 plus states in which we do
business.
About E Mortgage Management LLC ( EMMLOANS.COM)
Lender NMLS 2926. Equal Housing Lender, Equal Opportunity Employer. emmloans.com is a
private, direct-endorsed local lender, in business for over 12 years serving clients nationwide
through its network of home loan agents. The company offers products sponsored by Fannie
Mae (FNMA), Freddie Mac (FHLMC), Home Affordable Refinance Program (HARP), Federal
Housing Administration (HUD-FHA), U.S. Department of Veterans Affairs (VA), U.S. Department
of Agriculture (USDA), individual state programs, and has access to a portfolio of private
investors, nationwide. 3 Executive Campus, Suite 520 - Cherry Hill, NJ 08002
Media Contact: TPD Marketing - www.tpdmarketing.com - 888.859.8824

Additional Links
Kevin Crichton
E Mortgage Management

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Categories:

Tags:

Finance, Real Estate, Business

CEO, Executive, Family, Finance, Housing, Loans,

Mortgage, Mortgage Lending, New Jersey, New
York, Pennsylvania, Real Estate

Company Contact Information

TPD Marketing
E Mortgage Management, LLC
Suite 520 3 Executive Campus, Cherry Hill
nj, 08002
800.793.9633

Original Source: www.newswire.com