by admindan | Aug 27, 2024 | Loan Programs, Money Tip
Did you read the headlines? Good news, the Fed (Federal Reserve Bank) is talking about cutting interest rates, that is the Federal Funds Rate which banks use to borrow from the federal government. So, we expect to see the Fed Funds rate & mortgage rates drop .25%...
by admindan | Aug 13, 2024 | Loan Programs, Money Tip
Do you have the income but not the down payment? This loan program will help you purchase a bigger home with less down payment. Solution: A specific lender is offering a portfolio loan program. Purchase loan parameters: 5% down to $1.5 million 720 FICO minimum Owner...
by admindan | Jul 30, 2024 | Loan Programs, Money Tip
Do you want to save a TON of MONEY by consolidating credit card or other debt into a very low rate Home Equity Line of Credit? Or, consider financing home improvement projects using a low rate HELOC!!! Solution: HELOC with 12-month teaser rate, currently at 3.99%: $1...
by admindan | Jul 23, 2024 | Loan Programs, Money Tip
Many of my clients are purchasing homes now and saving A TON of MONEY with 5/1 ARM mortgage loan these days versus a 30-year fixed rate at 7.05% per Mortgage News Daily or 6.85% on Bankrate.com. Don’t waste your money on 30-year fixed rates, when EVERYONE forecasts...
by admindan | Jul 16, 2024 | Loan Programs, Money Tip
Are you looking for cash-out on an investment home and possibly a duplex? Problem: Go to any mortgage company or broker and get rates .50% higher or more. Solution: Two great lender options below: Loan details: $800k loan, $2.25 million value, 36% LTV, duplex, 780...
by admindan | May 14, 2024 | Loan Programs, Money Tip
Are you looking to purchase a home in the next 1-24 months? Are you also wondering if mortgage rates are going to decrease, so you can afford to purchase a home? Solution: Buy a home now with an ARM (Adjustable Rate Mortgage) loan program with a rate lower by 1%+...
