Why would anyone request a 30-year fixed rate mortgage loan today at 7.58%, per Mortgage News Daily, when 5.625% rate on 7/6 ARM is available with no points??
BEST loan program today: 7/6 ARM loan.
Borrower David scenario: $1,160,000 purchase price, $870k loan, 75% LTV, single family home, 760+ credit scores:
- 5.625% rate, 6.100% APR
- 7/6 ARM, rate and payment fixed for 7 years, then adjusts each 6 months thereafter
- No points
- $5,385 credit to closing costs*
- $5,008.21/month P&I payment
- If 20% down, 5.875% rate, 6.226% APR
- Southern CA loans only
*Restrictions apply
Call 714-310-4162 for more information or for quotes in ALL 50 STATES.
NEW review on Google:
“Dan got me the best rate anywhere in the country, and also saw the deal through from start to finish. Great job looking out for me!” -Massis C.
“Dan got me the best rate anywhere in the country, and also saw the deal through from start to finish. Great job looking out for me!” -Massis C.