First of all, I only post when I have something worth while to say. I believe that this is worth while information.
I am a mortgage broker in Walnut Creek, CA (30 miles east of San Francisco). I found a lender that is offering very UNDER MARKET RATES on a particular purchase scenario. More specifically, I found a lender that is offering 4.5% (or lower) rates, at par, on the following deal: - Owner-occupied purchase (no refi's) - Full doc only (no stated income) - At least 720 credit - California only - Up to 80% LTV and up to 95% CLTV I just went to docs on a purchase today and I half expected the lender to pull the deal. The client got 4.375% FIXED FOR 3 YEARS (with a 3 year prepay year 1 hard, years 2-3 soft). In my humble, but experienced, opinion this rate is about 1.3% (at least) UNDER market. The next best deal (on the same loan type) was 5.75%, with the same points. You can check it out if you want. The specifics of my deal today are shown below: (The details below are just one of the qualifying scenarios!) - 770 FICO (high, but not needed) - OO - SFR purchase - $2.35 Million price - $1.41 Million loan amount (60%) - Full doc - 4 months of reserves required - California property - This was actually a 45 day lock!!! This borrower got 4.375% and paid 1 point only. Every deal is a little different so I cannot promise specifics here. I can promise, however, that if you are: - Full Doc eligible - Have at least 720 FICOs - Are buying a residence to live in - Have at least 4 months of reserves I promise that I CAN GET YOU a 3 Year Fixed mortgage from 4.5% to 4.875% with one point + normal closing fees. This is not a scam and I am a legitimate loan broker in California. I'll be happy to give you my license number so you can check me out and I do have references. The bottom line is that I found a lender who, for now, is OFFERING WAY UNDER MARKET RATES. These great rates do require a 3 year pre-pay penalty, which I normally hate, but at these rates I think it is OK. So, if you are looking to get a great deal on your home purchase, please give me a call or send me an email. If you are a loan officer, perhaps we could work out some type of referral. My name is Chris McCartney and I can be reached at [EMAIL PROTECTED] or at 925-944-6291. Thanks, Chris _________________ Chris McCartney Mortgage Broker Office: 925-94-6291 Email : [EMAIL PROTECTED] ------------------------ Yahoo! Groups Sponsor --------------------~--> Help the victims of the Pakistan/India earthquake rebuild their lives. http://us.click.yahoo.com/.cYGuB/leGMAA/cosFAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
