Author of "The Mortgage Game"
Mortgage Solutions for You *FHA Loan limits are for San Francisco county only. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. Sam owns a two-unit building together with a partner. After his partner moved to another city, Sam wanted to buy … Continue reading “Today’s Market Special”
What’s New for Wednesday? *Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. Before securing this loan, our agents Peter and Dwight had been working with the client for 5 months. It was a complicated transaction involving analyzing the … Continue reading “Today’s Market Special”
What’s New for Wednesday? *Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. We were helping a client buy a condominium. During the inspection process, the inspector found some problems. Everyone (borrowers/sellers/real estate agents) wanted to have a quick close, … Continue reading “Today’s Market Special”
What’s New for Wednesday? *SBA can guarantee as much as 85% on loans of up to $150,000 and 75% on loans of more than $150,000. SBA’s maximum exposure amount is $3,750,000. Thus, if a business receives an SBA-guaranteed loan for $5 Million, the maximum guarantee to the lender will be $3,750,000 or … Continue reading “Today’s Market Special”
What’s New for Wednesday? *Based on a loan up to $417,000. The interest rate is fixed for 5 years, an adjustable rate. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. Lara wanted to buy a new home and keep her current condominium. … Continue reading “Today’s Market Special”
What’s New for Wednesday? *The interest rate is fixed for 30 years for 4 units. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. Iris is a widow. She owns a condominium and works as an engineer. Her cousin, Nora, … Continue reading “Today’s Market Special”
What’s New for Wednesday? *The interest rate is fixed for 30 years and the credit score is a minimum of 620. Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate. Jane used to be self-employed. She recently found a great new … Continue reading “Today’s Market Special”
What’s New for Wednesday? * Loan is amortized over 30 years. Interest rate is fixed for 5 years. Credit score is 720. (Credit score can be as low as 660 with an increase in closing costs.) Interest rates are subject to change without notice and do not constitute a commitment to make any loan … Continue reading “Today’s Market Special”
What’s New for Thursday? * Based on a loan amount up to $417,000 for the owner occupied single-family residence with a 15/15 term. Interest rates are subject to change without notice and does not constitute a commitment to make any loan at any specific rate. Mr. Cramer needed a pre-approval letter. He was … Continue reading “Today’s Market Special”
Jumbo Loans Special One of the phenomenons of today’s market is that some home-buyers are paying cash for the acquisition of already highly priced real estate. This allows buyers to beat the competition and have faster closings. However after the close of escrow, some want to get their investment out. This requires cash-out loans, which many … Continue reading “Mortgage Solutions For You!”