Yes, mortgage rates are expected to go higher in the near term, but should decline in 1 to 5 years as the Federal Reserve combats inflation. So, how do you save the most amount of money on your mortgage loan?
Solution: 10/1 ARMs at a much lower rate. Below are a few options:
Loan scenario: Purchase, 20% down payment, 700+ FICO, single family. Restrictions apply. Loan details:
- 10/1 ARM @ 5.00% rate, no points, 5.124% APR in AZ & TX, $100k-$50 million
- 10/1 ARM @ 5.375% rate, no points, 5.462% APR in CA, $100k-$50 million
- If 10% down, add .25% to rate
- If investment property add .50% to rate
- If interest only add .25% to rate
Get the BEST lender for your loan through Dan the Man for Mortgages, call 714-310-4162.
Recent review from a happy client:
“Hey Dan, thank you so much for everything! My life has had many new challenges, and getting this loan was one of the most important things in my life for me and my kids. I appreciate everything that you have done to help me get back into my house and remain a home owner and keep stability. This helps me sleep at night to know that I really am doing everything I can to make life easier for them. So, thank you so much! I am truly grateful for all of your help.”
“Hey Dan, thank you so much for everything! My life has had many new challenges, and getting this loan was one of the most important things in my life for me and my kids. I appreciate everything that you have done to help me get back into my house and remain a home owner and keep stability. This helps me sleep at night to know that I really am doing everything I can to make life easier for them. So, thank you so much! I am truly grateful for all of your help.”