Are you waiting to purchase a home because mortgage interest rates are so high?
Most buyers are waiting for rates to drop lower. BUT, consider this, when rates decrease to more reasonable levels, many more buyers will be shopping and submitting offers to purchase homes. So, there will be much more competition and therefore prices will go higher based on low supply and high demand.
Don’t wait, consider buying now. Example, Ali is getting a 5/1 ARM at 5.50%, 5.594% APR, no points on $500k loan, $550k purchase price, no PMI. When rates decrease, refinance to a lower rate, longer term loan.
For the best loan programs, rates and fees, call Dan the Man for Mortgages at 714-310-4162.
Rave review from a finance expert:
“I have been working with Dan Stone for years and have seen him save people thousands of dollars on their loan. I cannot recommend his services enough, and cannot thank Dan enough for all he has done for my referrals.” -Ron G.