2015 My house
7/28/2015
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 price
– No
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?
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| 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
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