The 30-year fixed rate mortgage seems to be artificially high because of the incursion in Iran and risk of increased inflation and market volatility. Traders expect long-term rates to decrease during the next few months. So, why get a 30-year fixed rate now?
Solution: Save a lot of money by getting an ARM loan.
My clients are in escrow as of Saturday 3/28, purchasing a home NOW, because they are getting a 7/6 ARM at 5.25%, no points.
Loan program and terms:
- 5.25% rate, 5.842% APR
- 7/6 ARM, no points
- 25%+ down payment, 780 FICO
- $1,900,000 purchase price, $1,425,000 loan amount
- $7,868.90 P&I payment
- $6,891.69 CREDIT towards closing costs*
- Los Angeles, Orange, Riverside, San Diego, San Bernardino, Ventura County residents in CA
* If pay off loan within 36 months, pay back prorated portion.
Call me at 714-310-4162. When you want the BEST loan program at the lowest rate and fees, Dan the Man for Mortgages is the solution.
Rave client review:
“Dan Stone, I really don’t know how long I would have been flailing about trying to find lenders if I had to do it myself. I am so grateful for your assistance and will sing your praises to anyone I may determine is worthy of your time and efforts. Thank you for everything, Dan!” -Byron M.
“Dan Stone, I really don’t know how long I would have been flailing about trying to find lenders if I had to do it myself. I am so grateful for your assistance and will sing your praises to anyone I may determine is worthy of your time and efforts. Thank you for everything, Dan!” -Byron M.