Weekly Wrap-Up | Bay Area Mortgage Broker 125% LTV Refinance
October 9, 2009
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"The Weekly Wrap Up"
Presented by Jason Wheeler
My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients! Thank you for continuing to read.
NEW PROGRAM!
FreddieMac Opens Access to other Servicers for the Relief Refinance 125% LTV Loan
Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.
Hot Programs!
- FHA 203K Rehab Loan. Perfect for today’s REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
- Fannie Mae Refinance Plus! Refinance your home up to 125% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000
Below is a bit of news on the weeks pricing trends and mortgage rates!
- Conventional or FHA 30 Year Fixed No Points 5.125%
- Conventional or FHA 30 Year Fixed One Point 5.00%
- Conventional 5 Year ARM 4.5%
Here we are wrapping up Friday 10/09/2009 rates have seen a recent major spike in mortgage backed securities the past few days. If you had to lock at all this week you were likely worse off than the week before. You can look at weekly rate trends Here.
EVENT!
Investor Forum in Fremont CA RSVP Here!
Join us with Hermie Bacus and Jeff Thompson learn from a ton of Real Estate Entrepreneurs and Investors that are helping people like you create massive wealth in Real Estate TODAY!!. This will be a packed evening event where you will learn nuts and bolts Real Estate Investment knowledge to take advantage of what is happening in the market RIGHT NOW!
Until Next time Here is to your success! Jason Wheeler 925-285-2172 | Come to a FREE Bay Are Event |
FreddieMac Open Access to other Servicers for the Relief Refinance 125% LTV Loan
October 9, 2009
Come to an Event | Subscribe RSS Feed | 925-285-2172
Beginning October 1, 2009, Flagstar Bank implemented the FreddieMac Open Access program. Now you can take a loan that was sold to FreddieMac and is currently serviced by another lender, and refinance it with our banking partners. This is a major change and we are one of the very few major lenders to offer this program. We are also one of the few lenders that also offer the Fannie Mae DU Refi Plus up to 125% LTV.
BENEFITS
Maximum LTV of up to 125% with no maximum CLTV.*
Loans with an LTV greater than 80% with an escrow waiver on the original loan may be eligible for an escrow waiver on the new loan.*
Minimum credit score determined by LP.
Proceeds of up to 4% of current unpaid balance or $5,000 can be used to pay closing costs/prepaids and financing costs.
Mortgage insurance is not required if existing loan does not have mortgage insurance.
FLEXIBLE TERMS
15-, 20- and 30-year "xed-rate
5/1 adjustable-rate option
ELIGIBLE PROPERTY TYPES
1- to 4-unit properties
Freddie Mac-eligible condominiums**
Planned unit developments (PUDs)
Connect with Jason Online!
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Until Next time Here is to your success! Jason Wheeler 925-285-2172
