If you want the BEST mortgage rates today, those lenders require the best documentation and sometimes patience in getting the loan done.
I receive calls daily from borrowers on where to find the best rates. If you are paid by W-2 with at least 2 years of income documentation and 740+ credit score with 20%+ down payment, then you will get access to the best rates and lowest fees. Best today, which I recommend, is 5.125% rate on 5/1 ARM with no points, 5.241% APR for a conforming loan amount.
Since the Federal Reserve Bank lowered the Fed Funds Rate on 9/18, mortgage rates have risen .375-.50%. Rates will continue to move in a zigzag downwardly pattern during the next few years as inflation decreases and demand begins to pick-up due to lower borrowing costs.
Call Dan the Man for Mortgages for a residential or commercial loan rate quote, 714-310-4162.
Rave client review:
“Dan Stone contacted one of his trusted lenders, who offered us a loan with a savings of over $100 a month in payments. If we keep the loan for 30 years, our savings is over $36,000! Dan was extremely helpful, always willing to take our calls and field our questions. We can’t say enough good things about our experience. We highly recommend him.” -Rob and Jacqueline V.
“Dan Stone contacted one of his trusted lenders, who offered us a loan with a savings of over $100 a month in payments. If we keep the loan for 30 years, our savings is over $36,000! Dan was extremely helpful, always willing to take our calls and field our questions. We can’t say enough good things about our experience. We highly recommend him.” -Rob and Jacqueline V.