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How Adjustable-Rate Mortgages Can Lower Your Rate


Here’s how adjustable-rate mortgages can help you save on your rate. 



 

Today I am pleased to be joined by Dave Marzinke from Movement Mortgage. Recently, we’ve been

hearing about interest rates non-stop, so Dave wants to share some strategies you can use to lower

your rate and get a great mortgage. 


Dave recommends looking at adjustable-rate mortgages. Some people freak out when they hear the

term “adjustable rate,” but it could be the right loan product for you. Your lender should be able to

present all your options to you so that you know you're getting the best mortgage possible. 


The two most popular adjustable-rate mortgages currently are 10/6 ARMs and 7/6 ARMs.For each product, the first number represents how many years the interest rate is locked in for, and

the second number tells you how often the rate adjusts after that time is over. In both these loans,

the rate would adjust every six months. 


Usually, there is at least a three-quarter difference between your initial rate in an ARM and the standard 30-year-fixed rate. The 7/6 ARM’s rate is even lower than that. If you’re looking for

monthly savings, you should at least consider an adjustable-rate mortgage.


"Your lender should be able to present all your options to you."


Most people only stay in their homes for five to seven years. If you are in this boat, you can keep the

lower rate for the duration of your loan. Plus, if rates change, you can always refinance. Dave checks

in on the anniversary of each of his clients’ loans to make sure they’re still getting the best deal possible. 


If you have questions for Dave about adjustable-rate mortgages or anything else, call or email me.

I’d love to put you in touch with him.

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Are We Facing a Recession?


2008 was an outlier because real estate can do well during a recession.


 

Today I’m joined by Dave Marzinke from Movement Mortgage to talk about whether we will be facing a recession in the near future.


Goldman Sachs and Merrill Lynch are saying that there is a 35% chance that we’ll see a recession next year. There are some indicators, like inflation, in the market that support this theory. When the Federal Reserve starts raising interest rates to get a handle on inflation, that's often a precursor to a recession as well. 


Many people think of the 2008 housing market crash when they hear the word recession. However, that was an anomaly and isn’t what normally happens during a recession. Historically, real estate has either performed well or above expectations during recessions because interest rates come down during those times. That helps with affordability. The economics are completely different than in 2008.


If you have any questions, give us a call, text, or email. We look forward to speaking to you.

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Location: Orange County, CA, USA

Happy Holidays!


From our team to your family, we want to wish you a happy holiday season.



 

Happy holidays to you!


The holiday season has officially arrived. We hope you enjoy this wonderful time of year and make some fantastic memories.


We wanted to take a moment to thank you for your continued support. We love helping people make their real estate dreams come true, so thank you for working with us and supporting our business.


This may be a busy time of year, but we are always here to help you and answer any questions you may have. Give us a call or reply to this email; we’d love to help you. 


In case we don’t hear from you until 2022, have a happy New Year!


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