by admindan | Oct 8, 2024 | Loan Programs, Money Tip
Do you really want to get a high rate loan with a mortgage company, needing a 30-year fixed rate when a shorter term Adjustable Rate Mortgage will save you A TON of MONEY? I won this loan scenario today: 5% down on $850k purchase price 6.00% rate, 6.137% APR No points...
by admindan | Oct 1, 2024 | Loan Programs, Money Tip
Are you looking to purchase an investment home in ANY state and want the LOWEST down payment option with the BEST rate? Solution: 15% down payment: 6% rate, 6.0143% APR 5/1 ARM 720 FICO minimum No points $1,200 lender fees Requires PMI Single family, 1 to 4 unit,...
by admindan | Sep 24, 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 6.38% per Mortgage News Daily or 6.21% on Bankrate.com. Don’t waste your money on 30-year fixed rates, when EVERYONE forecasts...
by admindan | Sep 17, 2024 | Loan Programs, Money Tip
Many of my clients are having great success and saving the most money by getting a portfolio loan program offered by one lender in the industry. Interestingly, one of my clients is a successful Loan Officer at a mortgage company, who can’t get this loan at his...
by admindan | Sep 11, 2024 | Financial Information, Money Tip
Are you looking to refinance your high rate loan to a lower rate after purchasing a home in the last two years? Beware: Some mortgage brokers may charge 1.50% points or more on your loan to stick it to you, so they can earn a lot of money at your expense!!! Proof: A...
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%...
