Lemonaid Mortgage

Financial markets are dark sky.  Coronavirus scare dominates the news.

Dow off 1700, Ten Year at 0.50%. Oil price war, etc. oh my I need another gallon of isoprophyl alcohol to wash everything... Life gives lemons...

I'm mixing my Refinance Lemonaid Recipe:
or Lemonade depending on your spelling
 3 fresh lemons from my garden,
 15 sprigs of lavender flowers,
 3 teaspoons sugar,
 1 teaspoon real honey, 
1/2 gallon of water and ice. 
Pour into your prettiest glass. 
Start your loan application. 
Absorb the Vitamin C- when you close I'll give you organic citrus only fed water and sunlight.

No-one knows what’s going to happen but the majority of us will be fine, in fact we will be great.

It's only paperwork to get a mortgage loan. Get the pdf copy of your w-2 2019 and 2018 in a little file folder, then download pdf copies of last two bank statements and put in the folder; do you have online Human Resources? download those last 30 days pay stubs or scan them. Get the mortgage bill and just the bill page of fire insurance, then driver's licenses and you have 95% of it.

If self employed - let's talk with your CPA and have him her send everything. Even on a bank statement loan without taxes you will get a lower payment. No shaking hands, all done from home.

Saving a hundred, two hundred or three hundred dollars a month is worth while!  And we get to reconnect and talk for three weeks. I'll do a check up on your insurance, life insurance, 529 Plan, fix your credit and talk about my favorite handyman.

Times are volatile. Rates are going to swing wild as banks get busy and push rate locks out 45 and 60 days which costs more. Try an do a no points loan so there isn't so much juice in the squeeze.

I’d personally lock at 3.5%, rather than trying for 3.375% and ending up at 3.75%.

Here’s a great article from Housing Wire that explains how lenders are dealing with the volume challenge:

https://www.housingwire.com/articles/mortgage-rates-are-lower-than-ever-but-are-lenders-keeping-them-from-going-even-lower/?utm_campaign=Newsletter%20-%20LendingLife&utm_source=hs_email&utm_medium=email&utm_content=84404930&_hsenc=p2ANqtz-9T4XMhi0Grkc7NMJY8GjZr2kFaNPx0HK007m5OyGvdUenKz_mwz4dLA8yxON-hR-yYSrISmhMZcEeNBRanWH6frnS0fQ&_hsmi=84404930

 Come on down my orange and lemon trees have lots of fruit 

Let's make LEMONADE

Pinnacle Home Loans – With you in mind… 

(949) 784-9699

C G Barbeau Caroline Gerardo Barbeau 

NMLS 324982

Peach tree blooming this week

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Pinnacle Home Loans | 

cbarbeau@pinnacle-loan.com