Their interest rate lock policy is very advantageous to you borrowers in that your interest rate can be locked right away after your approval for up to 55 days with underwriting turn times at 5 days and we are ready to go starting right now! We are super excited about this and are looking forward to this lender getting their fair share of our business. Bottom line is more benefits to our borrowers. Get pre qualified now home shoppers. Questions?, contact a loan officer with any questions. We have 100% access to their underwriting team and will not have to wait 3-4 days for them to get back to us! Options are good, friends. Happy home shopping and make it a great day.

Often, because of the market, people feel that they’re entitled to a principle reduction and fortunately, on occasion, we are able to accommodate. But way more times than not, especially when their servicer is Bank of America, Wells Fargo, Indy Mac, GMAC or Chase, it doesn’t happen. Some people are only interested if we can negotiate a reduction on their principle balance and if they don’t get it, they bail from their home. In some cases, these are the same people who back in the housing glory days, cash-out refinanced their equity to consolidate their consumer and credit card debt or whatever else like there wouldn’t be any consequences. To these folks I ask, back when your house was appreciating 15-30% every year, did your bank call you and ask to increase your balance because of the market?

There are a lot of reasons to do a Cash Out Refinance. The most common reason is to consolidate debt, in particular, credit card debt. For most Americans, holiday shopping and mounting credit card debt are synonymous.
Not only are mortgage interest rates much lower, but almost as significant is the difference in the nature of the interest. Mortgage interest is simple interest where as credit card interest is revolving compounding interest, huge difference. With credit card interest, the interest is calculated every month on the new balance that includes the new interest from the previous month. So basically, you’re paying interest on interest.
Of course this isn’t an invitation to charge up all your cards for things you don’t really need and then sink it into your home, but if you happen to have a lot of consumer debt from all the holiday shopping you had to do, we can help.

Spend wisely and have a happy and credit card debt free new year!

We all know that the mortgage debacle has hurt all the self employed borrowers of this great county. It has stunted the housing economy and we believe that there should be good loans for good borrowers. Our underwriter will use this program to help with the debt to income by 5% for the 30 year amortization jumbo product

This is a Great Product for the Retired or Self Employed Borrower seeking to capitalize on their assets for income to qualify. Borrowers with a salaried income can use the asset depletion in addition to your wages to help qualify you for more borrowing power!

• Portfolio Jumbo  Arms to $4,000,000  by exception
• 30 YR Portfolio  to $2 Million
• HomePath~Great product, get it while it lasts!
• FHA Conforming and HB
• 95% MI Condos to 4417,000 680 fico / credit score
• 90% Mi Condos to $729,750 700 fico / credit score
• Second mortgage Piggybacks to $500,000
• Jumbo-Busters – 1^st and 2^nd with the first at high-balance rates

Reduce a jumbo loan to high-balance, then add a Home Equity Line Of Credit or Fixed rate second and drastically reduce your interest rate.

Ex: 1^st mortgage $729,750 ( per county)

2^nd Piggyback to $250, 000

80% Combined Loan To Value to $979,750 total loan amount NO Mortgage Insurance

95% allow Condos.

90%- MI factor is up to 50% lower than industry standards

*House Flips allowed subject to underwriting guidelines 

97% LTV/CLTV

• Fixed and ARM product available – 5/1, 7/1, 10/1)

• 720 Min FICO / credit score

• 41% Max Debt To Income

• $417,000 Max Loan Amount

• Purchase and Rate/Term refinance available

CALHFA FHA Program.

If you’re getting frustrated with your current circumstances. Give us a ring to see what we can put together your you. We are here to answer your questions and concerns.

For  you Floridians, this program is now available for you, too, as well as all of the 100′s of other programs that we have that are available in Flordia.

You do need at least a 620 credit score. However, if you think we can help you with your credit, we do have resources and tools that might help you get into that home you’re looking at. We have reduces fees and interest rates for this program, too.

Take a look at our short Pre Qualification form. No social security number required.

If you’re a first time buyer in California, this program might come in handy if you don’t have a lot of down payment. And we also have the California’s down payment assistance program, as well. (CHDA)

Take a look at all the guidelines for this loan program.

Broker Mortgages Team

1. Jumbo fixed terms and ARMs

• $900,000 to 80% financing–interest only 3 and 5 year ARMS available

2. Larger Jumbo loans

• $1.2M to 60% financing (max $1,500,000 combined lien exposure)
• $1.5M to 50% financing (max $1,500,000 combined lien exposure)

3. No add to rate for loan amounts up to $1 million
4. No mortgage insurance
5. Refinances: 1 loan up to 80% financing – up to $900,000 maximum loan amount
6. Purchases: 1 loan up to 80% financing or 80% CLTV with this banks 2^nd mortgage with this lender or outside 2nd
7. 1st position HELOCs (Home Equity Line Of Credit) to $350,000: great for “free and clear” properties
8. Stand-alone 2nds: HELOCs and fixed 15 and 20 year term products
9. Fixed rate lock option available on 1st & 2nd position HELOCs
10. 620 Mid score program-1st position up to 75% Max financing up to $500K
11. Cash out available-up to $200,000 cash-in-hand available up to 75% LTV
12. 3-4 unit owner occupied program
13. Foreclosures and short sales allowed
14. Rural properties allowed
15. No minimum reserve requirements up to $900,000 (excluding “Interest Only” ARMs)
16. Appraisal portal available for appraisal ordering
17. Short payoff refinances available (different than short sales)
18. Qualify with primary wage earner’s credit score
19. “To be determined” purchases are accepted (automatic 45 day lock)
20. Gift funds (unseasoned funds) are allowed for down payment on purchase loans
21. Condos up to eight stories: minimum ten units
22. Manufactured financing up to a maximum loan size of $200,000-75% financing max
23. Refinancing of construction loans to permanent financing is available
24. Acreage allowed (full value to ten acres – no value exceeding ten acres)
25. 50% maximum DTI (Debt To Income) ratio on 1st position fixed rate refinances-all other products 45%
maximum DTI
26. Submissions: email or fax submit application (quickly facilitated) for automatic 45 day lock
27. Underwriting: all conditions emailed or faxed (quickly facilitated)
28. Lender provided RESPA disclosures (quickly facilitated)
29. This loan product is in 47 states
30. Individual account executive specifically assigned to your office – service baby

This can be a HELOC (Home Equity Line Of Credit) or a fixed rate fully amortized loan. If you opt for a HELOC at first, you can change it to a fixed rate after the loan closes. We have a no point option, too.

Terms are available from 5 to 20 Years.

Credit approval to closing docs turn times are: full lender credit approvals are 2 to 4 days, underwriting approvals are 4 to 5 days, appraisal review is 3 to 5 days and if there are any additional conditions at that point, 4 to 5 days and closing docs, 2 to 4 days. So, application to closing table, we can close in under 2 weeks total. That’s service folks!

Because we are an information resource, you can see the guidelines for this loan program and other current lender niches.