How Vicki is Saving $279/month in Mortgage Costs
If your interest rate is 3.75% or higher, you should consider refinancing using a 10/1 ARM to help save big money. You can get low rates around 3.125-3.25% that can save you tens of thousands in the first 10 years. The rate and payment is fixed for the first 10 years, then adjusts thereafter. So many borrowers are not staying in their homes more than 10 years. Seriously, you can save a lot of money.
Recent success story:
Vicki has a $484k loan amount, $748k value, 740+ FICO and 4.25% 30 year fixed rate loan. We refinanced her into the 10/1 ARM at 3.25% and 3.28% APR, and the lender paid $1,200 of her closing costs. Her new payment is $2,085 principal & interest, saving her $279 per month and $35,000 over 10 years. That is a big savings.
Want the best loan programs, rates and fees? Call Dan the Man for Mortgages at 949-484-6322 for a free consultation today.
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