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Month: September 2020

Refinance Before the New Fee Hits on October 1st

refinance your mortgage rate
Refinancing Right Now Might Make Sense. Here’s Why.

Refinance before the new fee hits on October 1st and have the Federal Reserve help pay your mortgage for you. The Federal Housing Finance Agency (FHFA) is imposing a 0.5% fee for all mortgage refinancing on October 1, 2020, so on a $400,000 loan, you will pay an extra $2,000 in closing costs. When you take this into account, rates may never be this low again.

You may have heard that, as one of the few upsides of the COVID-19 pandemic, conforming mortgages are at all-time lows; so low that even though my family refinanced less than a year ago, it is worth us refinancing again – and that may well be the case for you, too. (Note: We have a conforming loan. Jumbo rates are not necessarily so competitive.) Our current 15-year loan was only charging 3.125% but we are refinancing to a 30-year loan and still getting a lower rate. We wanted to pay off our mortgage more quickly, but it was too hard to pass up 2.375% on a 30- year mortgage. At this rate, the government will likely be helping to pay off our mortgage for us. I’ll explain how this works later.

homebuyers, real estate, refinance

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Fundraising Goal for Multiplying Good | Help us Reach $4,000

fundraising goal for multiplying good

Help us reach our fundraising goal by making a donation today!

We are on the advisory board of our favorite non-profit MultiplyingGood in Los Angeles. The Students in Action curriculum empowers school teams to solve problems in their local community, including supporting foster kids, helping the homeless, and enhancing local education.

With a gift from friends like you, our fundraising goal is to raise $4,000 for our Back to School Drive by September 30th. We promise to double that with a matching gift. A gift of any amount will make a difference. 

Click to Learn More & Make a Donation

charity, giving back, students in action

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WellAcre Global Wealth Advisors is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where WellAcre Global Wealth Advisors and its representatives are properly licensed or exempt from licensure.  This website is solely for informational purposes.  Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WellAcre Global Wealth Advisors unless a client service agreement is in place.