by Dan the Man for Mortgages | Nov 29, 2022
One of the best ways to save money for the long term is to control your housing costs. As you may have recently read, rent costs are going up. Fortunately, housing prices are falling. By purchasing a home and paying off the loan over the usual 30 years, you can...
by Dan the Man for Mortgages | Nov 16, 2022
Home buyers, home sellers and realtors, here is a great tip to help get a home sold, purchased and save money. Solution: Seller paid discount points allow the buyer to get a lower permanent rate and qualify for more house, and potentially same payment they qualified...
by Dan the Man for Mortgages | Nov 8, 2022
One of the best ways for you to prepare for your next mortgage loan to purchase a home is to increase your credit score to 740+ to get access to the best loan programs and lowest rates. Yes, mortgage rates are rising and are expected to keep rising in the next 6-9...
by Dan the Man for Mortgages | Nov 1, 2022
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...
by Dan the Man for Mortgages | Oct 25, 2022
Since mortgage rates are so high now and expected to rise more, you could save a ton of money by asking the seller if they have an FHA or VA mortgage loan at a low fixed rate that you could assume. If the seller has 3% rate loan versus minimum 6%+ today n $600k loan...
by Dan the Man for Mortgages | Oct 18, 2022
Are you looking to purchase a home? Scared mortgage rates are increasing too much? Do you want to Lock in the rate NOW while you shop for ANY home? Awesome Solution: Lock and Shop loan program, new or used home! Loan scenario: 15% down, $1.2 million purchase price,...
