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Fred Arnold, mortgage advisor at American Family Funding.

Mortgage Brokers In Santa Clarita Discuss Current ‘Unbelievable’ Interest Rates

A pair of mortgage brokers in Santa Clarita recently discussed the current interest rates in the housing market, which they said are “unbelievable.”


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Dave Cantrell and Fred Arnold of American Family Funding recently spent one segment of “The Financial Hour” on KHTS Radio talking about ways to drop an interest rate on a home mortgage.

“We’re going to talk a little bit about interest rates, because they are still unbelievable,” Cantrell said. “If anybody thinks they’re not unbelievable, go ahead and Google 30-year interest rates over the last 30 years and see what that chart shows you.”

Related: Mortgage Lender In Santa Clarita Gets ‘Creative’ To Help Clients Buy A Home

Cantrell went on to point out that many people might incorrectly assume that they aren’t able to refinance because they have too much debt, but that this is actually a good reason to refinance.

“A lot of people will tell me, ‘I can’t refinance now because I’ve got to pay off my debt,’ and what I try to explain to them is, no, no, no — that’s why you refinance, to pay off your debt,” Cantrell said. “So don’t let that be a reason why you don’t call.”

A few interest rates Cantrell has seen recently are 4.375 percent and 4.5 percent, which he noted can be dropped by “a lot” if a “quick conversation” is had. 

He encouraged homeowners to look at their mortgage statements at least once per year to check their interest rates, adding that many people don’t even know what their interest rate is. 

“I think what happens is, a lot of people, they know that’s their payment and they just get used to paying it and they don’t think about it,” he said. “See what interest rate you’re paying, because a lot of times, you’d be surprised. It’s probably a lot higher than you think.”

Arnold added that even if an interest rate only drops a small amount, it could mean big savings on monthly payments depending on the way it’s done. 

“I talked to a client today, (her) rate is dropping only 0.5 percent, but the payment was dropping $400 because they’re re-amortizing it,” Arnold said. “Now most people will say, ‘Why would I want to do that? I only have 20 years left.’ Well these people aren’t going to pay it off in 20 years, they might not be here in 20 years, so their No. 1 concern was cash flow.” 

At American Family Funding, staff can offer a unique perspective and make things happen for clients that other mortgage companies in Santa Clarita may not be able to do, according to Cantrell. 

“At American Family Funding, we’re very good at getting things done for people a lot of times when it can be a little difficult, where it’s not just something you can check all of the boxes on,” he said. 

Arnold concluded by addressing the community: “If you ever have any questions, reach out to us.”

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=UAmti4GSV6k

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

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Mortgage Brokers In Santa Clarita Discuss Current ‘Unbelievable’ Interest Rates

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