Many of my clients are purchasing homes now and saving A TON of MONEY with 5/1 ARM mortgage loan these days versus a 30-year fixed rate at 7.05% per Mortgage News Daily or 6.85% on Bankrate.com.
Don’t waste your money on 30-year fixed rates, when EVERYONE forecasts long-term rates to drop during the next 1-5 years.
Loan program details:
- 20%+ down payment, 740 FICO to $1 million maximum loan amount
- 5/1 ARM @ 5.375%, no points, 5.427% APR
- SFD, W2 employee
Based on $720k loan amount, 740+ FICO, to compare the payments:
- 5.375% rate = $4,032 principal & interest payment
- 7.526% rate = $4,814 principal & interest payment
- Savings = $782 per month for life of loan versus 7.05% rate
- Savings for 12 months = $9,384
Call me at 714-310-4162. When you want the BEST loan program at the lowest rate and fees, Dan the Man for Mortgages is the solution.
Rave client review:
“I want to thank Dan Stone for his help on a refi. He was able to drop my mortgage interest rate for a savings of over $1,000 per month. Dan was able to check with hundreds of banks and find the perfect loan for me. In addition, Dan told me exactly what to expect, and kept me updated throughout the entire process. He saved me lots of time by getting updates for me directly through the lender.” -John W.
“I want to thank Dan Stone for his help on a refi. He was able to drop my mortgage interest rate for a savings of over $1,000 per month. Dan was able to check with hundreds of banks and find the perfect loan for me. In addition, Dan told me exactly what to expect, and kept me updated throughout the entire process. He saved me lots of time by getting updates for me directly through the lender.” -John W.