Home » Santa Clarita News » Financial » Santa Clarita Mortgage Lender Explains Advantages Of Buying Versus Renting
American Family Funding - Fred Arnold
Fred Arnold, mortgage advisor at American Family Funding.

Santa Clarita Mortgage Lender Explains Advantages Of Buying Versus Renting

With interest rates trending downward and home builders offering discounts and upgrades, a Santa Clarita mortgage lender explains how now might be the time for renters to consider home-ownership.


Sponsored Articles


Officials with Santa Clarita mortgage lender American Family Funding explained that, alongside a downward trend in mortgage interest rates, home builders “are hoping to move more inventory by sweetening the pot,” offering “more discounts and free upgrades to attract buyers.”

As a result, those who are currently renting apartments, condominiums and houses may have a unique opportunity to move into home-ownership.

Related: Mortgage Lender In Santa Clarita Discusses The Loan Process

Because mortgages are fixed-rate loans, home buyers are “locked-in” at their minimum mortgage payment until they refinance or until the home loan is repaid. This makes home-ownership a more attractive prospect compared to renting, since rent prices generally rise over time.American Family Funding - Graph depicting Freddie Mac mortgage rate averages for 2018-2020, showing a current all-time low

When asked how many people he has pre-qualified for home loans who end up paying less on their mortgage than they did when they were renting, Santa Clarita mortgage lender Fred Arnold of American Family Funding replied, “Most of them, without a doubt. In fact, when you take into consideration the pay-down of principal, it’s much less. Not even thinking about the tax advantage or appreciation.”

The American Family Funding website offers information about loan types and a free mortgage calculator to help simulate the amount due monthly given a total cost, interest rate and length of loan.

Those interested in finding out more about home loans, how home-ownership benefits families over renting and the specifics of the Santa Clarita housing market can contact the Santa Clarita mortgage lenders at American Family Funding by calling them directly at (661) 284-1150.

Ed. Note: This article is a KHTS Community Spotlight for American Family Funding.

American Family Funding a Division of American Pacific Mortgage Corporation NMLS #1850

David Cantrell NMLS #1427091 — Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act.

About American Family Funding, Your Resource for Santa Clarita Mortgages

Santa Clarita mortgage lender American Family Funding can help you fulfill your dream of home ownership. A highly rated mortgage lender in Santa ClaritaAmerican Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly Santa Clarita mortgages advisor will make the first-time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. Unlike some mortgage companies in Santa Clarita or mortgage brokers in Santa Clarita, the home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program. If you’re looking for the best mortgage lender in Santa Clarita or a “mortgage lender near me,” contact American Family Funding today. 

American Family Funding
28338 Constellation Road
Suite 900
Valencia, CA 91355
(661) 284-1150
info@affloans.com

American Family Funding – Valencia

https://www.youtube.com/watch?v=DoAo3KBPmlM

American Family Funding, Fred Arnold, Mortgage Companies in Santa Clarita, Mortgage Brokers in Santa Clarita, Santa Clarita Mortgages, Santa Clarita Mortgage Lender, Mortgage Lender in Santa Clarita, Mortgage Lender Near Me, Best Mortgage Lender in Santa Clarita

KHTS AM 1220 & FM 98.1 - Santa Clarita Radio - Santa Clarita News

Santa Clarita Mortgage Lender Explains Advantages Of Buying Versus Renting

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Amanda Bosworth