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| THANK YOU'S - FROM HAPPY CUSTOMERS |
| CONVENTIONAL LOANS: (30, 20, 15, 10 Year) |
| GOVERNMENT LOANS: |
| SELF-EMPLOYED BORROWERS LOAN |
| FIRST TIME HOME BUYER LOANS: |
| JUMBO LOANS |
| 1 Year, 3/1, 5/1 or 7/1 ADJUSTABLE RATE MORTGAGE (ARM): |
| STAND ALONE HELOC |
| CLOSING COSTS: |
| PRIVACY POLICY: |
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THANK YOU'S - FROM HAPPY CUSTOMERS
"Thank you so much for assisting us with our home loan. We truly appreciate the hard work and dedication you provided to get us into our home on time! You are truly an angel! God Bless you always. :0) Susi & Kim
"We both want to thank you for your professional service. It went very smooth and cost us less than we expected. We hope to send you more business." B & D Miller
"You have been great through our house buying process! You provide great communication every step of the way. I appreciate that you have worked to get the interest rate to a great rate for us (with your no-closing-cost loans) and have always been available to handle our needs. You make us feel like a VIP and we will recommend you to anyone who needs a mortgage loan! Chip & Mendy Kooi
Thanks so much for making this process such an easy one! One trip to your office, a few faxes back and forth, a few phone calls later and it was all over! There is no way this process could have been easier or smoother. Thanks again. Stan & Debbie Reichert
Maximum Amount: $417,000
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CONVENTIONAL LOANS: (30, 20, 15, 10 Year)
All fixed rate products are amortized over the life of the loan and have the same payment month to month during the term. When your final payment is made at the end of the amortization period, there is no remaining balance due. There are no prepayment penalties for 'A' credit loans.
Term: 30 years
Maximum Amount: $417,000
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| | | Call for rates. Rates are subject to change without notice due to the volatile market. Price adjustment for cash out refinances varies depending on loan-to-value. |
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GOVERNMENT LOANS:
FHA loans (96.5% LTV) at good rates; property appraisal is a little more stringent than most conventional appraisals. Allows borrower to qualify to purchase a home with more leniency than most conventional loans. FHA charges an upfront MIP payment that is rolled into the loan (1.75% of purchase price).
VA loans are 100% loans with no Mortgage Insurance required. A VA funding fee is required, depending on the veteran's status. Disabled veterans may be able to have the funding fee waived. Even with this funding fee, the VA loan is usually a 'better deal' (less money out-of-pocket over the term of the loan) than a conventional loan, if you qualify.
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SELF-EMPLOYED BORROWERS LOAN
This loan works great for self-employed borrowers who might have difficulty qualifying for a loan. Self-employed borrowers like to expense out everything possible, so they don't have to minimize their tax liability. However, mortgage lenders only believe your income is what you have reported to Uncle Sam. This loan merges the best of both worlds to make that loan possible! This is a 75% loan-to-value, and works great if you are in this situation, but have money in the bank. Call for more details.
Term: 30 years
Maximum Amount: $417,000
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FIRST TIME HOME BUYER LOANS:
I have a variety of loan products that fit the First-Time Home Buyer to a T!
I have loans for a borrower with good credit, but no down payment saved.
I have A- loans for people with 'fairly good-but not perfect credit' at very good rates
An FHA loan is most often the best choice for this category.
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JUMBO LOANS
JUMBO LOANS available to $900K with NO MI (mortgage insurance). Both 15 & 30 year Fixed, as well as ARMs
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1 Year, 3/1, 5/1 or 7/1 ADJUSTABLE RATE MORTGAGE (ARM):
These loans are very well suited for the customer that wants the best rates in the mortgage market (or a customer who knows he/she has a certain time they will be in a location). For example, military personnel who know they will be at an assignment for no less than 3 years, the 3/1 ARM is a good option.
Adjustable rate mortgages have fixed interest rates for the initial period, either 1, 3, 5, or 7 years, and payments are based on a 30 year amortization. After the initial period, the interest rate will be adjusted and fixed for the following 12 months, and then adjusted again annually thereafter. At each adjustment period, your payment will be based on the then outstanding principal balance, scheduled to be fully amortized at the end of the 30th year from the commencement of the loan.
Each lender shall determine the index and margin that will determine your adjusted interest rate. Each lender will also determine the maximum that your interest rate can be adjusted at the adjustment dates. Typically, there are initial caps, annual caps and lifetime caps. Before committing to an adjustable rate loan, please be sure you ask me for specific details about the loan terms. i.e., 2/2/5 or 2/2/6 is typical.
Term: 30 years
Maximum Amount: $417,000
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| | Call for rates. Rates are subject to change without notice due to the volatile market.
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STAND ALONE HELOC
Your credit score determines what loan-to-value I can get for you as well as the rate.
I have a stand-alone line of credit that will allow you to get cash out of the equity of your home, as the first mortgage.
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CLOSING COSTS:
Your mortgage closing costs may include a mix of the following categories:
1. Appraisal, 2. Underwriting & Doc Preparation lender fees, 3. Abstracting costs, 4. State and County fees & taxes, 5. Inspection & Home Warranty, 6. Title Insurance & Title Closing fees; 7. Prepaids (costs to establish lender escrows for insurance and taxes). Depending on how your contract is written, the seller may share some of these costs.
Since I have so many lenders available, as you can imagine, each lender has their own unique set of lender fees. Typically, the lenders with the 'best rates' often charge a little higher lender fees than those lenders who are not as competitive with their rates.
The loan program you and I choose together, and the interest rate & loan programs you qualify for, will direct me to the most competetive lender(s) who carry that loan.
NO UPFRONT FEES FOR APPLICATION OR PRE-APPROVAL.
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| | After we have talked about your loan, I will give you a full disclosure estimation of closing costs. New terms for this document is a Fees Worksheet. Every borrower should ask for this document from any lender who you are 'shopping' with. Besides, it is federally required.
Send me your best Fees Worksheet or Good Faith Estimate and I will do a FREE LENDER ANALYSIS and compare 'apples to apples' for you. Unfortunately, some companies in this business make a practice of telling you lower rates and fees over the phone than they can deliver, just to get you in the door. I don't do that!
My Good Faith Estimate will be a 'worst case scenario' (estimating to the high side) so that there will be NO SURPRISES AT THE CLOSING. Most of my customers come to the closing with less money than I prepared them for . . . and EVERYBODY IS HAPPY AT THE CLOSING! I like to treat my customers like I want to be treated - with honesty, integrity, and efficiency. |
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PRIVACY POLICY:
Your privacy is very important to me.
I do not sell or distribute ANY of your personal information to ANY third party companies for marketing purposes. Your information will only be shared with those companies necessary to complete your loan transaction.
We collect non-public personal information about you as a consumer, customer or former customer from the following sources:
Information we receive from you on applications, loan documents, sales documents, or other forms.
Information about your transaction with us, our affiliates, or others.
Information we receive from a consumer reporting agency.
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except to our affiliates, and financial institutions involved in obtaining a new mortgage loan and as permitted by law.
We restrict access to non-public personal information about you to those employees, and financial institutions who need to know that information to provide products and services to you. We maintain safeguards, which restrict access to your non-public personal information.
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $12,510. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,001 with closing costs of $12,510. Your actual APR may be different depending upon these factors.
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