by admindan | Nov 1, 2022 | Loan Programs, Money Tip
Yes, mortgage rates are expected to go higher in the near term, but should decline in 1 to 5 years as the Federal Reserve combats inflation. So, how do you save the most amount of money on your mortgage loan? Solution: 10/1 ARMs at a much lower rate. Below are a few...
by admindan | Oct 25, 2022 | Loan Programs, Money Tip
Since mortgage rates are so high now and expected to rise more, you could save a ton of money by asking the seller if they have an FHA or VA mortgage loan at a low fixed rate that you could assume. If the seller has 3% rate loan versus minimum 6%+ today n $600k loan...
by admindan | Oct 18, 2022 | Loan Programs, Money Tip
Are you looking to purchase a home? Scared mortgage rates are increasing too much? Do you want to Lock in the rate NOW while you shop for ANY home? Awesome Solution: Lock and Shop loan program, new or used home! Loan scenario: 15% down, $1.2 million purchase price,...
by admindan | Oct 4, 2022 | Loan Programs, Money Tip
Are you looking to secure purchasing a home before selling your current home? Problem: Most lenders will calculate your debt-to-income ratio by including both current mortgage payment and new mortgage payment, so there is no way to purchase before selling your current...
by admindan | Sep 27, 2022 | Loan Programs, Money Tip
My belief is we are heading into a recession. Are you considering purchasing a home? How do you still get the best mortgage loan for your needs? Solution: I also believe rates will rise more in the short-term, but will drop to lower levels in next 2-3 years. Here are...
by admindan | Sep 20, 2022 | Loan Programs, Money Tip
One lender is offering this loan program with NO MONEY DOWN to borrowers in Orange and local counties: Zero down to $750,000 740 minimum credit score Primary residence only 6.25% 30-year fixed rate, $6.733% APR, no points, monthly PMI required or 5.375% 10-year ARM,...
