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 6.38% per Mortgage News Daily or 6.21% 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 mil maximum loan amount
- 5/1 ARM @ 4.75%, no points, 4.843% APR
- SFD, W2 employee
Based on $766K loan amount, 740+ FICO, to compare the payments:
- 5.375% rate = $3,996 principal & interest payment
- 6.38% Mortgage News Daily rate = $4,781 principal & interest payment
- Savings = $785 per month for life of loan versus 6.38% rate
- Savings for 12 months = $9,420
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:
“We can’t express how much we appreciate your help and your continued check-ins. It has been a pleasure working with you. We will definitely be telling our friends that they should work with Dan Stone!” -Sam B.
“We can’t express how much we appreciate your help and your continued check-ins. It has been a pleasure working with you. We will definitely be telling our friends that they should work with Dan Stone!” -Sam B.