3 Insider Secrets Revealed About Today's San Diego Mortgage Rates in 2021
(Please note: Below is a (not so great) word for word transcription and was filmed prior to 2021).
It’s Scott Taylor with sandiegorealestatehunter.com.
Licensed in the state of California, for both real estate and mortgages, with an emphasis on San Diego.
Now, if you’re like most people living in San Diego, you’re tied to the new, or you're tied to interest rates or what's going on in the world right.
And you hear all these different things of rates have to go up, there's no other way, they get all these reasons why and you're like, “you know what, that makes sense, rates are going to go up.”
And then you hear something else and you’re like, “wait a minute, prices get too high and if rates go up and then payments are too high, then you know I really think that rates are going to go down, it’s like, ah”.
And that makes sense you know, rates could go down and you're thinking well, maybe rates don’t have to go down or rates don't have to go up or yeah, it makes sense, rates are going to stay the same.
So, I want to create a video.
The three insider secrets revealed about what's going to happen with today’s single mortgage rates.
And I think I already gave away the real answer.
Rates will either go down, they will stay the same or they will go up.
Do not listen to anybody including myself that give their expert advice on what's going to happen.
Sure, it seems like rates will be going up, right.
The Feds already said, “Hey, this and that, and that, we’re raising this and this and that”, right.
It doesn't matter, I remember being in San Diego through the last boom and bust cycle and everybody want to give their expert opinions about rates couldn't go… be any less or housing prices will always go up.
House prices crashed.
Then people said, house prices will never get back to where they were.
House prices did.
Then they said, when rates were at a certain rate, they could never go lower.
They have and guess what, they could go lower.
Or here's another idea, you know people say, “well you know, house prices then and dah, dah, dah, here's a monthly…”
Guess what? It's all tied to monthly payments.
You look over throughout the world, there are places where interest rates are lower than the United States, there are places where interest rates that are higher.
We now have things where you can actually get a thirty year interest only mortgage or a seven year interest only mortgage or there are forty year mortgages, right.
It's all about, we don't know what's going to happen.
So, here's the moral of this video.
If you're watching it and you're thinking about maybe buying right now or refinancing right now or looking to refi right now; there is no better time than right now.
I'm not saying it as a sales pitch, I'm being honest from things that I've seen during research and traveling the world and buying and selling real estate in several places and being in San Diego, helping people with real estate and mortgages, you don't know what's going to happen.
Don't rely on tomorrow, rely on today's information that you know today and make your best decisions on that and talk to people like me.
If you like what I have to say, go to my website: sandiegorealestatehunter.com.
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I have educational videos, a lot of them that come out, that talk about this, non-salesy, non- pitchy, about what I see or about what's going on or about different mortgages and different ways to qualify and different strategies to use.
And if you want to get started, go to scottsloanapp.com.
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As soon as it's done.
I get a text alert, I'm going to give you a phone call, I'm going to run your credit, I’ll make sure your application looks good, your credit report looks good and your credit score.
From there I’m going to say, “Hey, what do you want to do?”
Based off that information, I’m going to send you an e-mail with a list of supporting documents that you're going to need, things that you know; driver's license, social security card, last two year's tax returns and W2s, last two months paychecks, last two months bank statements, all pages, [inaudible 00:04:06] if you have 401K, IRA, stocks or bonds.
Depending on what your credit report says, we might need things like, Chapter seven, Chapter thirteen are short sale or foreclosure or if you have a student loan, it’s different that the payments on your credit report.
You get the idea.
Go to scottsloanapp.com to get started and don’t wait any longer.
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Your Mortgage Rate Insider,