6/26/2013

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.

6/20/2013

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.