Here's a friendly letter from a long time loan agent.
I thought you'd enjoy the read, if you're looking for loan advice.
Interest rates have dipped slightly in the past several weeks which is good news for your buyers in a real estate market that seems to be going through a correction. Borrowers who got loans in the late summer 2018 may want to explore refinancing to a better rate. Borrowers who are already in the adjustable phase of their older ARM's are seeing their rate resets above 5% now, so a good idea to have them explore refinancing to a fixed product, which of course I can help with.
Low down/zero down buyers?- The CalHFA program offers loan programs with no down and no closing costs! Ask for details, in a less competitive market these buyers may have a good opportunity to buy NOW!
Self employed borrowers-12 month bank statements programs to qualify using deposits and NOT looking at income tax returns, let me know if you have buyers like this.
Available to my office- HIGH balance up to $726,525 to 90% LTV even in NON high cost counties, like San Joaquin, Stanislaus, Sacramento, Solano, so basically ANY county in California that didn't have the high cost limit, is now eligible for a high balance limit up to $726,525. This product is only available to a very select group of brokers, and I have it! Call me for the details,
CONDO's in litigation- YES I can do them, construction defects etc.. let me know your scenario.
As always, have a safe and successful weekend and let me know how I can assist any of your current and previous clients in smooth, efficient and timely loan closings!
Sr. Loan Officer
Associated Mortgage Group
39180 Liberty St #101
Fremont, Ca 94538