Warning, Refi Borrower Beware, Mortgage Brokers May Charge Excessive Fees on Loans

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...

Mortgage Difference Maker, 49 States, 5.625%, No Points, 5/1 ARM, Saving You Money

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%...

6.125% Rate, 10/1 ARM, No Points for Home Purchase Loan in So Cal

by admindan | May 7, 2024 | Uncategorized

Yes, the average 30-year fixed rate is really high!! The average homeowner stays in their first home less than 10 years, due to moving up to a bigger house, better school district or job relocation. Why not save a ton of money with a 10/1 ARM rate and payment?...

Most Everyone is Forecasting Mortgage Interest Rates to DECREASE

by admindan | Apr 2, 2024 | Uncategorized

Are you wondering if mortgage interest rates are going to come down? We’d all like to know, right? I believe it is highly likely. I have an ARM loan for 7 years. Per US News, 3/1/24 “Mortgage rates are expected to decline later this year as the U.S. economy weakens,...

4.875% Rate, 3/1 ARM, No Points for Home Purchase Loan in So. Cal.

by admindan | Feb 2, 2024 | Loan Programs, Money Tip

Are you looking for the LOWEST rate mortgage loan to purchase a home? Are you are a W2 employee? Want to save a LOT of MONEY? Solution: Great ARM options of 3/1, 5/1, 7/1 & 30 year fixed rate: 20%+ down payment, 740 FICO to $1 mil loan 3/1 ARM @ 4.875%, no points,...