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7/24/2015

Jumbo Mortgage Loans




Tired of the Big Banks restrictive guidelines and slow turn times? Sell more homes with our Niche Jumbo and Super Jumbo loan products.

Jumbo Loan options;

89.90% LTV (10.10% down) to $1,139,000 Sales Price or 80% LTV (20% down) to $1,280,000 sales priceNo Cash reserve requirement!

o   No mortgage insurance required        
o   No impounds required
o   No cash reserve requirement
o   720 minimum Fico
o   Close in 30 days
o   Owner Occupied or Second home
o   15, 30 yr. fixed rates

Super Jumbo Loan options;

65% LTV to $7.5 mill loan amount or 80% LTV to $2 mill loan amount
         
o   Cash reserves as low as 4 months
o   100% gift funds allowed
o   Seller carry back allowed
o   Credit scores as low as 660
o   BK, short sales and foreclosures allowed with proper seasoning
o   Non-Owner Occupied loan options
o   I/O features
o   3,5 or 7 year fixed with 30 yr. term
o   Non-Permanent Resident Aliens allowed

o   Loans to Business Entities, LLC’s, Corporations and Limited Partnerships

C. G.   (949) 637-8190
NMLS 324982
terms and conditions as of today 7/24/2015

7/23/2015

25171 VIa Catalina Condo for sale Laguna Niguel



Condo For SALE 
1 bedroom 1 bath carriage style unit with Garage lower unit upper
Beige carpet, comes with stove, refrigerator, dryer, 
876 square feet, 1 car garage with storage
gas water, gas heater, vaulted ceilings, sunny, quiet unit
Contact me (949) 784-9699
sale price $ 326,000.00

Condo complex NOT FHA approved
Ask about our grant program to help you with down payment for a
conventional loan





Sky Falling TRID Coming?

sky falling
Who is afraid of TRID?
Will it delay my closing?
The answer is NO for just about everybody.
When the Know Before You Owe mortgage disclosure rule becomes effective, lenders must
give you the new, easy to read disclosures about your loan three business days before closing.
 Think of it as a lemon law to check and review before the last minute.
This gives you time to review the terms of the deal before you get to the closing table.
Many things can change in the days leading up to closing. Most changes will not require
your lender to give you three more business days to review the new terms before closing.
The new rule allows for ordinary changes that do not alter the basic terms of the deal.
Only THREE changes require a new 3–day review:
1. The APR (annual percentage rate) increases by
1/4 of a percent for adjustable loans.1
A decrease in APR will not require a new 3-day review if it is
based on changes to interest rate or other fees.
2. A prepayment penalty is added, making it expensive to get out of the mortgage to sell or refinance lower.
3. The basic loan product changes,
Such changing from a thirty year fixed rate to adjustable rate 
or say a fixed to an interest only. 
These would be big changes to the loan long term.

1 Lenders have been required to provide a 3-day
review for these changes in APR since 2009.
NO OTHER changes require
a new 3–day review:
There has been much misinformation and mistaken
commentary around this point. Any other changes
in the days leading up to closing do not require a
new 3-day review, although the lender will still have
to provide an updated disclosure.

Sometimes Chicken Little Yelling that the Sky is Falling
requires cool heads, planning, organization and not a
foil chicken helmet

The following situations do not require a new 3-day review:
�� Unexpected discoveries on a walk-through
such as a broken refrigerator or a missing stove,
even if they require seller credits to the buyer if nominal.
�� Most changes to payments made at closing,
including the amount of the real estate Commissions, taxes, 
pro-rations for utilities and amounts paid into escrow impounds.
�� Typos found at the closing table.
Spelling errors, okay that's pretty common sense