Is it time to refinance or buy??

El_flasko · Mar 16, 2020

I know there are a lot of folks out there on the fence about whether to refinance when they have a good rate now, or perhaps questions about purchase loans.

I am here to help any MDS members their families and friends that have questions. The market is literally a dumpster fire right now and rates are ALL over the place.

My best suggestion is to Email me a recent mortgage statement when you can if you’re considering a Refi and I’ll take a look just to see if it makes any sense. I’ll shoot you straight either way, so just fire over a statement, desired term, and any details you think I need to know. I’m working pretty much non stop these days as are many lenders, so my response times may not be as blazing fast as usual. Please be patient if you can and I will get back to you ASAP!

For purchase clients you are priority #1 and will continue to be as contracts and closing dates take front seat as they should in this market. I’m here for any questions you may have.

RLowry@southerntrust.com
410-804-5978 is my cell

Ryan

FrankOceanXray · Mar 16, 2020

I was hoping you'd peek in here!

Bertfish · Mar 16, 2020

The man doesn't lie. I contacted him for a refi quote a few weeks back and he advised that another offer I had gotten was better and that I should go with it.

TheOriginalMexicanBob · Mar 16, 2020

My wife is an attorney for a large bank and mortgage company...she says if you want to buy or refi then now is the time. The issue is that companies are in the middle of their efforts to transition from working from the office to working remotely and not all efforts are going smoothly. You may not get answers as quickly as you want or even consistent contact until things are sorted out.

Elgan · Mar 16, 2020

Sent you an e-mail, thanks!

El_flasko · Mar 18, 2020

Today was one of the most volatile days in mortgage history. I was quoting rates in the low 3’s on purchases at 10am and by 4:30 we were in the low 4’s! It’s Armageddon. Best thing to do is submit an application and send me a statement as mentioned. If the rates come back (and they should in coming weeks) we’ll be ready to lock and go. Refinance loans are taking 60+ days now but we cover your locks!!

There’s no playbook for this and I’ve never seen anything like it in my 20+yrs including the crash.

Be prepared, be patient, tell me your goals.

Thanks all. I need oxygen and a bourbon. Lol

Ryan
410 804 5978
RLowry@southerntrust.com

kstone803 · Mar 18, 2020

I'm going to email you tomorrow. I emailed the guy who did my last mortgage and literally got back 3 and 4 word replies.

Speed3 · Mar 18, 2020

I'll probably send you an email also. Thanks

mattsomer · Mar 19, 2020

El_flasko said:
Today was one of the most volatile days in mortgage history. I was quoting rates in the low 3’s on purchases at 10am and by 4:30 we were in the low 4’s! It’s Armageddon. Best thing to do is submit an application and send me a statement as mentioned. If the rates come back (and they should in coming weeks) we’ll be ready to lock and go. Refinance loans are taking 60+ days now but we cover your locks!!

There’s no playbook for this and I’ve never seen anything like it in my 20+yrs including the crash.

Be prepared, be patient, tell me your goals.

Thanks all. I need oxygen and a bourbon. Lol

Ryan
410 804 5978
RLowry@southerntrust.com

Will we be able to refinance? Are places open?

El_flasko · Mar 19, 2020

Thanks guys. I’ll be around!

Hi-Torque · Mar 21, 2020

Guys I can speak firsthand of the awesomeness of Ryan & his services. I just closed yesterday on a house that's a huge step up for me, all because of the extreme efforts of Ryan & his team at Southern Trust.

I was fortunate to get a great rate locked in last month, and although we had many bumps in the road on the deal, through no fault of mine or his, we persevered and got the job done! It's just paperwork to the professionals, but in the end it's a huge life-changing event for me, and I can't thank everyone involved enough.

Give Ryan a call if you're interested in buying or refi'ing, but be patient since we are in uncharted territory with the global pandemic & wildly swinging rates. He will treat you right guaranteed. Hands down the best experience I've had with a MDS IP, and i've done business with most of them at this point. He is an honest straight-shooter, which is rare to find these days.

El_flasko · Mar 22, 2020

Hi-Torque said:
Guys I can speak firsthand of the awesomeness of Ryan & his services. I just closed yesterday on a house that's a huge step up for me, all because of the extreme efforts of Ryan & his team at Southern Trust.

I was fortunate to get a great rate locked in last month, and although we had many bumps in the road on the deal, through no fault of mine or his, we persevered and got the job done! It's just paperwork to the professionals, but in the end it's a huge life-changing event for me, and I can't thank everyone involved enough.

Give Ryan a call if you're interested in buying or refi'ing, but be patient since we are in uncharted territory with the global pandemic & wildly swinging rates. He will treat you right guaranteed. Hands down the best experience I've had with a MDS IP, and i've done business with most of them at this point. He is an honest straight-shooter, which is rare to find these days.

I can’t thank you enough for the kind words. Enjoy your new home bud

FrankOceanXray · Mar 22, 2020

Do some refi magic! Submitted app. ElFlasko is the man when it comes to this stuff.

El_flasko · Mar 23, 2020

Rates fluctuations are making my head spin

Rockzilla · Mar 23, 2020

El_flasko said:
Rates fluctuations are making my head spin

and the Rates go round and round.....up and down...

-Rock

FrankOceanXray · Mar 23, 2020

Went down enough for me!!

Paperwork will be in tomorrow Mr. Lowry. Thank you.

El_flasko · Mar 25, 2020

FrankOceanXray said:
Went down enough for me!!

Paperwork will be in tomorrow Mr. Lowry. Thank you.

It’s taking a bit to get through this craziness. If my response times are not up to my typical par please bear with me. Reminder/checking in emails are welcome if you need a faster answer. Thanks to all for your patience and for looking me up!

grimnar15 · Mar 25, 2020

I have 3.2% 30 year fixed VA mortgage, any better deals out there?

Muleskinner · Mar 25, 2020

My girlfriend just looked into refinancing her house. The interest rate they could get her was so close to her original interest rate there was no point. The rates are changing multiple times a day and they could not promise what the rate would be at the time of closing. With the wild swings there was no way she was going to take that chance

fabsroman · Mar 25, 2020

Muleskinner said:
My girlfriend just looked into refinancing her house. The interest rate they could get her was so close to her original interest rate there was no point. The rates are changing multiple times a day and they could not promise what the rate would be at the time of closing. With the wild swings there was no way she was going to take that chance

She should be able to lock into a rate at some point. Are they not doing rate locks anymore?

Is it time to refinance or buy??

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