We told you………..
we would let you know when rates come down – call today ALL TIME RECORD
LOW DAY!!
Current Rates today are 4.625% for .75 points + approximately $3k in
closing costs on 14 day pricing up to $417,000
Current Rates today are 4.625% for 1 point + approximately $3k in closing
costs on 35 day pricing up to $417,000
Current Rates today are 4.875% for 0 points + approximately $3k in closing
costs on 14 day pricing up to $417,000
Current Rates today are 4.875% for 0 points + approximately $3k in closing
costs on 35 day pricing up to $417,000
Current Rates today are 5.25% for absolutely 0 Cost on 35 day pricing (minimum
loan amount is $300k) up to $417,000
The rates today for a zero cost loan are 5.25% on a 30
year fixed for a $300,000 loan (the new conforming jumbo limit is $729,750.
Please be aware, lower rates are always available by
paying points, fees/closing costs – WHICH WE DO OFFER. The question is, does it
make sense to pay those closing costs & get those lower rates? We can
show you the break-even point & then you decide. We offer both!
Yes, we have the same rates as the signs on the sides of
the freeways, but please understand that it is going to cost you, to get those
rates with anyone you go to.
With our program, if the rate drops, we can refinance you again at no cost to the lower rate
I can be reached at 949-222-0240
& thanks for being part of the SFM Network. We stand behind our match & beat guarantee no matter
who you deal with as long as you get a good faith estimate in writing.
________________________________________________________________________________________
Get on the Foreclosure, REO, &
Short Sale Bus – FREE!!
We
are headed to Palmdale & Lancaster this time. The last time we went
to Bakersfield. We are setting up a limited partnership to buy properties
in these areas that are cash flowing $400-$700/month positive cash flow per
property on a 15 year fixed mortgage.
Bakersfield/Palmdale/Lancaster
– $65k purchase price – 25% down - $16,250 + $10,000 - $15,000 (fix
up – estimated high) & $4,500 for closing costs – the total
monthly cash flow is $421.46 – $5,054/yr & then you divide that
by your down payment of $16,250 (the money out of your pocket it took to
close the deal) + minimal fix up costs (maybe $10k-$15k for new tile, paint,
etc.) + $4,500 in closing costs for a total of $35,750 in total costs out of
pocket - & your rate of return on your money (we call it the cash on cash
return – in other words, if you put the $ in the bank the rate of return
the bank would be paying you) In this case it is 14.14% on a 15 year
fixed mortgage. If you pay down the principal with your cash flow of
$421.46 (conservatively – rents are about $200 higher/month), you would
have the property paid off in 70 months (which is 5 years & 10 months).
That is incredible. You are purchasing these properties at 50% of their
replacement cost which means if the property was to burn to the ground the day
after you buy it, it would cost you double to rebuild it. The cost to
build is about $100-$125 sq ft. & we are getting these things for under $60
sq ft. in C+/B-
neighborhoods!
ThereR17;s
a perfect storm right now – ALL-TIME Record Low Interest Rates & property
values that have dropped over 50%-75% in the last 2 years.
Twenty years from now you are going to kick yourself
for not buying more property today!
Also,
if we represent you, we are offering 20% of our Total Real Estate Commission.
So, if you buy a $500,000 & we get a 3% commission (which is $15,000), we
will give you 20% of that, which is $3,000, just for using Solomon Financial
Mortgage & Realty.
Frederick Solomon,
Jr. and Team
Real Estate Education & Financial Coaching
Serving California and 40 states: (800) 811-7709
Listen to us every Saturday from 12p - 1p on the Angels and Mighty Ducks station - AM 830 or online - am830.net
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