If you are only looking for a 30-year fixed rate loan to purchase or refinance a home, 6.625% is available with no points, when you know where to look. Did you know the average 30-year fixed rate is 7.18% – 7.20% today per Google?
Loan scenario:
- $400k purchase price
- $320k loan
- 20% down payment
- 6.625% 30-year fixed rate
- 760+ credit score
This borrower will save $123/month or $1,476/year versus 7.20% average rate.
For access to this loan program and many more, call Dan the Man for Mortgages, 714-310-4162.
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