Happy Thanksgiving Week! I hope you enjoy good times with family and friends.
I’m very thankful to have been born and raised in Orange County, CA by two great parents. I’m also very fortunate to have purchased a home and own real estate.
I highly recommend owning your own home, if you have the income to support it and plan to live in it for 2+ years. It has been a great investment so far and expecting it will continue to be one of my best investments.
Being self-employed and utilizing many great tax write-off strategies at the suggestion of my CPA and financial advisor, I found a bank statement and asset utilization loan program with a 7/1 ARM rate. During the last few years, rates have decreased, so my lender offered 1% lower rate. They did not require any additional application, appraisal, etc., only required an updated credit score and offered a new loan note to sign and $3,000 in fees. Today, I’m saving $470/month versus the original payment.
In the next 12-24 months, I expect rates will be lower by .75-1.25%, so I plan to modify my rate lower again.
In summary, BUY NOW even though rates seem to be elevated. Rates are expected to keep decreasing. Modify or refinance to a lower rate in the future to lower your costs.
Call 714-310-4162 for more information.
Rave client review on Google:
“Dan Stone has helped us begin the process of looking into what it takes to buy a house and the loans available to us. He provided excellent guidance and tons of extremely valuable information! If you’re uncertain of how to navigate the mortgage or real estate markets, I highly recommend starting with Dan! You will NOT be disappointed!” -George D.
“Dan Stone has helped us begin the process of looking into what it takes to buy a house and the loans available to us. He provided excellent guidance and tons of extremely valuable information! If you’re uncertain of how to navigate the mortgage or real estate markets, I highly recommend starting with Dan! You will NOT be disappointed!” -George D.