Rates are dropping.
Borrowers Luis and wife purchased a home two years ago, current rate 6.375%.
PROBLEM: Their broker lender wanted to generate income for himself more than helping his clients. He’s offering 5.625% at 2.559 points or $20k in closing costs. What, pay $20k to save $4k per year??????!!!!!
Their financial advisor was looking out for their best interests and checked with me to compare offers.
Loan scenario, $430k loan, $625k value, 750+ FICO, single family home in California.
- 5.625%, 30-year fixed rate
- .233% points
- $211 savings per month, or $2,532 savings per year
- Rate float down at final approval, if rates drop further
- BONUS: $1,500 streamline refi costs in future, versus other lenders at $3,500
Call Dan at 714-310-4162 to compare the options and find the best terms for YOU.
Recent review on Google:
“Dan Stone helped save me $300 a month, or $3,600 a year, versus my previous lender. He was wonderful to work with and answered all my questions! He worked very quickly and was able to walk me through some things as a first-time home buyer.” -Katherine O.