4.625% on the same scenario!!!!!!

The Fed cut has had it's effect. 

4.875% interest rate on a 5/1 IO Jumbo ARM?????? (edit/delete)

Hi everyone,

 Once again I have a fantastic loan program that blows other loans out of the water!  These are the best rates we've seen in years!

• 5/1 Jumbo ARM 
• Purchase or Refinance
• Credit >720
• Up to 75% LTV (outstanding!)
• 4.875% INTEREST ONLY!!!!!!!!!!!!!
• No prepayment penalty
• No rate buydown points

Do you have clients that recently bought or need to refinance?  This loan is being offered through my brokerage only and is the result of quality lending practices. 

Call or email for more information.

Jess

Hi everyone,

 Once again I have a fantastic loan program that blows other loans out of the water!  These are the best rates we've seen in years!

• 5/1 Jumbo ARM 
• Purchase or Refinance
• Credit >720
• Up to 75% LTV (outstanding!)
• 4.875% INTEREST ONLY!!!!!!!!!!!!!
• No prepayment penalty
• No rate buydown points

Do you have clients that recently bought or need to refinance?  This loan is being offered through my brokerage only and is the result of quality lending practices. 

Call or email for more information.

Jess

Hi folks,

  These are just some of the hurdles keeping both mortgage professionals and Real Estate Agents from doing more business these days in Marin.  Let's face it, we live in a Jumbo market where not everyone has great credit combined with documentable income. 

  BWC mortgage Services and our in-house Mortgage Bank is the solution to the majority of what we're facing today.  Sure, the market is different and clients are harder to qualify, but due to our extremely low foreclosure rate and respected business practices, many investors are looking to BWC to offer the products and loans we all know we need!  Here is just a highlight of what we have to offer:

• 100% Jumbo loans - The only source on the West Coast!
• 10 day close on purchases - maybe even faster!
• High loan to value with zero credit.
• Preferred status with all our lenders including Wamu, BofA, and Wells Fargo which translates to lower rates for your clients!

Have a client that's on the fence with qualifications?  Have client you feel can get a better loan?  Better rate?  Better service?  Give us a try and let us show you how we can make your business better!

Terri Perez

Good morning,

BWC Mortgage Services has partnered with a non-profit National Housing Services agency to provide Fixed rate 100% Financing up to $650k loan amounts.  BWC was chosen as one of few West Coast correspondents to offer this product line to the public.  There will be no wholesale or large retail (Wells,WAMU) institutions offering this product which enables your partnership with myself and BWC to offer a product to the right client that deserves this option.

These programs have emerged as the "New and Improved" 100% products as the programs have been designed to eliminate the risk associated with the now extinct stated and poor credit 100% programs of the past. 

Additional benefits include:

• Purchase or Refi Transactions
• 1 loan with Lender paid Mortgage Insurance
• No prepayment penalty!
• No reserve requirements!
• 6% Realtor / Seller concessions
• Full and Bank Statement Documentation
• 30 year fixed loan!
• down to 620 Fico or NO CREDIT!

This is a great product for us to offer our clients and to help us generate new clients! 

Jess Perez

First time blogger here.

Hello everyone.  It seems it's "official" now that The Chronicle has reported on it:

Mortgage Crunch has even Wealthy Buyers scrambling for Credit

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/08/15/MNI3RHTDO.DTL

Just last week I had to convince several repeat clients the "Crunch" is real and yes, even for you Mr./Mrs. A- paper! 

Do you have Good credit, full documentation or even Stated income clients with 20% down payment or equity?  Sure, I know, anyone can get these people a loan still!  But can you get them 6.250% (6.75% stated) and ZERO POINTS on a 5/1 ARM?  Can you do it with a lender that isn't affected by the secondary market, one that will FUND the loan?  The article says lenders are pulling out left and right.  The subject buyer in the article lost his $73,000 deposit as a result of lender pullout.  What can you do about this?

 Your solution is fairly easy - A lender with great products still - 3/1, 5/1, 7/1, 10/1 IO ARMS, a lender that is staying clear of the market mess and closing deals, Rates that clients still feel comfortable with and deserve, and a Mortgage team that seems to be the only guys in the county closing these deals and building confidence in our Realtor business partners.

 We're not miracle workers, just hard workers.  We see this as an opportunity and we're not letting go. Give us a call and let us show you what we can do for you and your clients.

Jess & Terri