Author of "The Mortgage Game"
Please be advised: All clients’ documents should be ready and prepared to submit to Lender ASAP! I have a lender that specializes in Foreign Nationals. A Foreign National is a borrower who lives/works abroad and has no VISA or SSN. While these transactions can be complex, Pacific Bay Financial’s experienced underwriting and production teams … Continue reading “Mortgage Solutions For You!”
Please be advised: All clients’ documents should be ready and prepared to submit to Lender ASAP! I received a call from a Real Estate Agent. Her client had applied for a loan with a bank, who had asked for very unusual conditions which would be very near impossible to provide. As a result, the … Continue reading “Mortgage Solutions For You!”
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Please be advised:Appraisal and preliminary title report required on both properties A client was buying a new home. His previous one was sold, but escrow did not close yet. He needed the proceeds from the sale for the down payment on a new property. Suddenly, he found out that the buyers could not get a … Continue reading “Mortgage Solutions For You!”
Our clients were looking to buy a 2-unit building in San Francisco. After a while, his offer for $1,600,000 was accepted. He put $500,000 as his down payment. However, the problem was that 4 years ago he had a short sale. Even though his credit score was 716, most of the Lenders required 7 … Continue reading “Mortgage Solutions For You!”
Our clients owned two rental properties and wanted to convert their 2-unit building into a 3-unit building, however they would need more money to complete the work. The clients had great interest rates on both of their existing properties. With some researching, we found a solution! We were able to secure a line of … Continue reading “Mortgage Solutions For You!”
*For Cash-buyers Only Most Lenders limit the amount of cash-out to $417,000 OR charge higher interest rates. Pacific Bay Financial can offer different solutions. Whom Do You Know That Might Benefit From Our Tailored Mortgage Solutions? Cheers, Share
A CPA recommended to our clients to buy another property to lower their taxes. They wanted to use an existing line of credit (L/C) for the down payment. The problem was that due to their currently high monthly payments, their qualifying ratio was very high. As a solution, we suggested to refinance the existing two … Continue reading “Mortgage Solutions For You!”
clients were trying to buy a house in San Francisco. They had good high-paying jobs, stocks, but only $200,000 cash for their down payment. Finally after their offer was accepted for $1,875,000 (and with a little bit of our help), they only put 10% as down payment. Besides a new home, they received a … Continue reading “Mortgage Solutions For You!”
A client had a mortgage with a balance of $432,000 and an interest rate of 3.99%. She needed $20,000 for improvements on the property. Instead of increasing her loan, which would create a cash-out and higher rate, we decided to lower the loan amount to $417,000 (conforming loan limit) plus a line of credit … Continue reading “Mortgage Solutions For You!”