Our associate lenders are sending us the latest mortgage rate sheets prior to this weekend. 5/1 ARM rates can be under 2.5% for qualified applicants. This may be a good bet for a condo purchase. Low rates on 30 yr fixed and low jumbo loan rates make pricier houses and multi-unit purchases in great locations very attractive. One of our buyer clients locked a 30 yr fixed this week at 4% on a house.
I might even consider buying a house or two-flat with the 5/1 ARM, use the savings for renovations, and refinance when the time is right. There are a lot of options right now.
To ask questions and pre-approve for a mortgage contact:
I might even consider buying a house or two-flat with the 5/1 ARM, use the savings for renovations, and refinance when the time is right. There are a lot of options right now.
To ask questions and pre-approve for a mortgage contact:
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