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It's Time to Buy or Refinance!

     With mortgage rates now within shouting distance of 30 year lows, now is the time to consider buying a home or refinancing your existing mortgage.

*Buying a Home
     If your considering buying a home you should get pre-qualified for a mortgage before looking. This can help you decide what home price would be most affordable and being pre-qualified can help with the negotiation to purchase a home.

*Refinancing

     Refinancing for a lower rate and term may offer significant monthly savings especially if you consolidate other monthly debts such as credit cards or 2nd mortgages.
Also consider refinancing to use the equity in your home for home improvements college tuition or to buy a new car.

Don't wait for rates to go lower.
     The biggest mistake made is trying to time the mortgage rate market. It's similar to trying to time the stock market and we know how difficult that is.
Rates will not stay low forever so the best way to get a low rate is to submit your loan application so that you can take advantage of rates when they are close to the bottom.

Do yourself a favor this tax season - apply for a Home Equity Line of Credit with it’s potential tax deductible feature

North Atlantic offers one of the best Home Equity Lines of Credit available today!

A Home Equity Line of Credit is a revolving line of credit secured by the home.  It enables you to decide how much you want to borrow and when.  Line amounts range from $10,000 to $500,000.  Key features and benefits include:

*         Rates as low as prime

*         No closing costs available *

*         Interest may be tax deductible *

*         Line amounts can be drawn, repaid and reused

*         Flexibility with access to funds when needed via check writing

*         Option to pay only interest for the first 10 years

You need to use money that is locked inside your home for Home improvement

*         Whirlpool in the bathroom 

*         Wine cellar 

*         New additions ( For that 500 square foot workout room and gym you have always wanted)

*         New playroom/ kitchen

Fund education

*         Private school tuition

*         College tuition

Debt Consolidation

*         High rate installment loans

*         Credit card balances

*         Auto Loans

Purchase Auto

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