Ran into an old friend yesterday who bought in 2014 but couldnt refi because his ratios were out of line due to support payments. His oldest just turned 18 putting him back into compliance to refi.

He was stuck at 4.125% and thought he had missed the boat. His LTV is around only 30% and he figured he’d just ride it out. I told him about Mission Fed. He went over this morning and was able to lock into a 10/1 ARM at 2.625%.

Between the lower rate and his recently improved cash flow he’ll have it paid off in less than 10 years.