Rates Up and Appraisal Low Whatever Shall We Do?

Presentation for the Laguna Board of Realtors June 2013

Market trends Orange County California

What drives mortgage rates? How to deal with a low appraisal now that values are pushing upwards. How to deal with mortgage rates that have increased one percent. How to still buy the house you have under contract. Rates Up and Appraisal low we can deal with it.

Closing Sales Quickly

CLOSING SALES QUICKLY | Caroline.Gerardo

Ambushed by Low Appraisal?

AMBUSHED BY LOW APPRAISAL?
  Warn the buyer that the home may not appraise.  Meet the appraiser -comparables in hand (100 square feet larger & closed in last 45 days).              Get appraiser in the property day two.  Arbitrate the appraisal with facts, honey & just the facts. |

Bank Missed the Boat? Mortgage Rates High?

"Wells didn't lock my loan, the home dream boat is sinking..."

Bank mortgage  lender missed the boat?

Loan Type	Rate	APR
Conv. 5/1 ARM	2.75%	2.882
Conv. 7/1 ARM	3.00%	3.192
Conv. 15 yr. Fixed	3.25%	3.378
Conv. 30 yr. Fixed	4.00%	4.187
FHA/ VA 15 yr. Fixed	3.25%	3.369
FHA/ VA 30 yr. Fixed	3.75%	3.822

    LENDER MISSED THE BOAT?

THE BERNANKE DEAL OF THE DAY

6/21/2013 Rates subject to change. Terms and conditions may apply. Purchase transaction, 80% loan  20% cash down, middle FICO score 760, owner occupied single family rate lock 15  days

Pulling your hair out with Wells Fargo, Chase or some other bank?

 

Full documentation California purchase only application before 6/21/2013 3:00 PM Pacific Time

 Qualify with a real direct lender.

Underwriting is two business days.

From complete application we can close in 11 days.

This is not an offer to lend, nor loan approval. Thank Mr. Bernanke for his knee jerk reaction to President Obama.