by admindan | Nov 1, 2022 | Loan Programs, Money Tip
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 admindan | Oct 25, 2022 | Loan Programs, Money Tip
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 admindan | Sep 27, 2022 | Loan Programs, Money Tip
My belief is we are heading into a recession. Are you considering purchasing a home? How do you still get the best mortgage loan for your needs? Solution: I also believe rates will rise more in the short-term, but will drop to lower levels in next 2-3 years. Here are...
by admindan | Aug 10, 2022 | Loan Programs, Money Tip
Are you looking for the best fixed rate 2nd mortgage home loan line of credit? Rates are moving higher, right? Well, the Federal Reserve says so. If you had an adjustable Home Equity Line of Credit, your costs would probably be increasing too. Solution: Crazy good...
by admindan | Mar 29, 2022 | Financial Information, Money Tip
Are you scared mortgage rates are going to rise 5.00% or higher before you can lock your mortgage rate with your lender when purchasing a home? The Federal government is expected to raise the federal funds rate 5 more times this year to slow the economy and reduce...