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 21, 2024 | Expert Advice, Financial Information, Money Tip
If you are considering purchasing a condominium, allow extra time for the mortgage lender to verify the condo complex is approved by Fannie or Freddie regulatory agencies. Reason: Condo Home Owners Associations (HOA) are required to meet strict requirements by our...
by admindan | Apr 17, 2024 | Financial Information, Money Tip
When you contact an “independent” mortgage loan broker, they usually explain they shop many lenders for you, to find the best deal. BUT, DO THEY ACTUALLY SHOP ENOUGH LENDERS AND TRULY PUT YOUR NEEDS AHEAD OF THEIR PROFITS? Possibly, maybe not, due to research by...
by admindan | Mar 19, 2024 | Financial Information, Money Tip
Check out this EXPOSE! Borrowers beware when getting mortgage loans from mortgage lenders. Your fees may be higher by as much as 1 point because you DIDN’T shop around or know how to ask for concessions. Per newsletter by industry-leading HousingWire: “Two borrowers...