Dan Felico | Home Loan Professional

661-803-9046 Direct

DanFelico@gmail.com​


5 Great 

Reasons to Refinance


1. Historically Low rates










Yes you may have read it before, but what does it really mean & how does it benefit you?


Well, at one point in the 1980's, rates were as high at 18%! This made buying or refinancing extremely difficult for most people. 


Oh how times have changed! Fixed Rates are now in the 4's & 5's. (Remember, rates are subject to change daily & this is not a rate quote)


So that can change the monthly payment drastically. Although home prices were lower, so was everyone's income - so really, its all relative. 


Lets look at a scenario to see the historical changes...


1980's

$500,000 Loan Amount 

18% Rate @ 30 yr Fixed 

Payment = $7,535


VS.


TODAY

$500,000 Loan Amount

4.5% Rate @ 30yr Fixed 

Payment = $ 2533

(Please keep in mind this is not a rate quote,  It is just for informational purposes.)


Wow! 5,000 a month! You'd be crazy to keep that old rate and throw away so much money every month! 


So, even if rates are at 4%, 5% or 6% - they are still historically low. Take advantage of these low rates while you still can!


If you're ready to lock in a historically low rate & save some money,

I can help you - Apply Now! or Call Dan @ 661-803-9046 



Reason # 2