This week I joined Prospect Mortgage, the nation's largest independent direct lender. What this means: More options than any single source, faster turnarounds, excellent pricing, and niche mortgage programs. Loan modification service is unchanged. My commitment to excellence and ridiculous work ethic also unchanged :) I look forward to serving you even better! - Paul
About Prospect Mortgage
As the nation's largest independent direct lender, Prospect has greater control over your transaction and is able to quickly approve and close loans in-house. In fact, we are able to fund loans that other lenders may deny. Prospect is a privately-held national mortgage banking firm licensed in all 50 states. We are backed by Sterling Partners, a multi-billion dollar equity investment group, with a 25-year history in funding world-class organizations. We are growing at a time when other lenders are shrinking and closing up shop. Our business model was formed during a challenging market, so we know what it takes to meet customer needs during these tough times. Read more
Stated income loans are back
Maximum LTV is 70%. Rates a bit higher, and Fico requirement higher. Available for investment and owner-occupied properties.
Maximum LTV is 70%. Rates a bit higher, and Fico requirement higher. Available for investment and owner-occupied properties.
Rates up a bit
For the week ending April 9th the 30-year fixed averaged 4.87% with an average 0.7% fee, up from last week when it averaged 4.78%. This time last year it averaged 5.88%. Freddie Mac rate surveys.
For the week ending April 9th the 30-year fixed averaged 4.87% with an average 0.7% fee, up from last week when it averaged 4.78%. This time last year it averaged 5.88%. Freddie Mac rate surveys.
America's 10 wealthiest towns
A new study from BusinessWeek magazine ranks the richest towns in the United States by average household income and net worth. Read more
First-time home buyers driving home sales
First-time home buyers breathed new life into the U.S. real-estate market last month, seizing on increased affordability and driving home sales to their biggest monthly gain in five years. Read more
Contact me for further information or assistance.
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