CAPropertyFinder Asks Los Angeles Mortgage Expert, Bill Rayman, About Interest Rate Trends and More

Feb. 4, 2012 - PRLog -- Everyone who is shopping for a new home, investment property, or vacation place has the same major question: "What do you project will happen with interest rates in the coming year?"

The folks at CAPropertyFinder went to noted Los Angeles Mortgage Expert, Bill Rayman, to see what he had to say.  The answer was not what you hear from the TV and radio ads:

"The consensus is that through 2012 interest rates will remain relatively flat. They always flutter–they go up and down the way the market goes up and down, but the general consensus says they will remain flat within the year.

If you’re looking to buy a house, frankly I don’t think the interest rate should be something you should make your primary concern. Buying a house is about your lifestyle. Is this where you want to live, where you come home every day? If you tell me you’re not going to buy the home because it’s a quarter point higher on the rate, it seems that maybe having a home isn’t really what you want or are ready for – both of which are fine answers!

I do the math for people and point out that on a $300k loan, the difference on 1/8th point is about $20/month. Maybe your neighbor got 4 1/8 and you were quoted 4 1/4… Sure, in dollar terms it’s measurable, but it’s not the reason to buy or not buy a house. You should be aware of your priorities and react accordingly."

Bill Rayman is Sr. VP at Mortgage Capital Partners in Los Angeles.  When you deal with a broker for your mortgage, you are getting an advocate for your requirements.  Unlike dealing with a bank, the broker has your needs in mind, not the needs of the financial institution.  His website is http://www.MortgageHelpLosAngeles.com.  

The rest of the interview is available at http://www.CAPropertyFinder.com.  This is a website that provides 1000's of California property listings.  The site also lists vetted resources that you may find helpful in the process of buying or selling a home or other property.  Interviews like the one with Bill Rayman are just one way that CAPropertyFinder proactively helps buyers and sellers throughout the process.

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Bill is a mortgage consultant working with Los Angeles mortgage broker, Mortgage Capital Partners to help clients find low cost home mortgages or refinance their home in CA and most other states. http://www.MortgageHelpLosAngeles.com 310-295-2900 ext 113