refinance: RATE UPDATE!!! 2.5% AVAILABLE!!! 2.602% APR - 01/12/11 06:51 PM
 It's been a while since i have posted any rate information, and with rates bouncing up and down on a daily basis, i figured now would be a good time. The above rate is for a five year fixed, also know an an arm. The rate is fixed for 5 five years and then can adjust once a year for the remainder of the term of the loan. The margin for the loan is 2.25%, and the index is the 1 year libor, which is currently at .784. This is a great rate, but this loan is not for everyone. So if you … (1 comments)

refinance: 3.25% 15 Year Fixed Officially Available!! No Points! - 10/18/10 06:51 PM
Interest rates are absolutely awesome right now!!, Now you can get a 15 Year Fixed Loan @ 3.25% (apr 3.45). Here are some of the requirements to get this loan: Primary Residence, Rate and Term refinance, LTV 80% or less, Loan Amount $200,000 or greater, credit score 680 or greater, and 1 % Origination fee, NO discount points or processing fees. Other restrictions may apply, please call for details. P.S. If you would like to eliminate the origination fee, the rate would be 3.5% (apr 3.55).
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refinance: 4.25% 30 YEAR FIXED NOW AVAILABLE!! NO LENDER FEES!! NO POINTS!! 4.262% APR - 08/16/10 07:29 PM
I can't believe rates are this low!! I mean, I can believe it, but it is just simply awesome that rates are this low!! So here is what you need to get this rate: A Conventional Purchase or Rate and Term Refinance, 720 Credit Score, Loan Amount of $190,000.00 to $417,000.00, Single Family Residence in Florida. This can be a 30 or 25 Year fixed rate loan. Other restrictions may apply, so call for details. Rates are subject to change and they are not gonna stay this low forever!!! Also available, 15 Year Fixed @ 3.75%, 3.771 APR.
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refinance: 4.25% 30 YEAR FIXED NOW AVAILABLE!! NO LENDER FEES!! NO POINTS!! 4.262% APR - 08/16/10 07:18 PM
I can't believe rates are this low!! I mean, I can believe it, but it is just simply awesome that rates are this low!! So here is what you need to get this rate: A Conventional Purchase or Rate and Term Refinance, 720 Credit Score, Loan Amount of $190,000.00 to $417,000.00, Single Family Residence in Florida. This can be a 30 or 25 Year fixed rate loan. Other restrictions may apply, so call for details. Rates are subject to change and they are not gonna stay this low forever!!! Also available, 15 Year Fixed @ 3.75%, 3.771 APR.
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refinance: 4% 15 Year Fixed Officially Available!! No Points! - 03/02/10 05:28 AM
That's right, now you can get a 15 Year Fixed Loan @ 4% (apr 4.228). Here are some of the requirements to get this loan: Primary Residence, Rate and Term refinance, LTV 80% or less, Loan Amount $150,000 or greater, credit score 720 or greater, and 1 % Origination fee, NO discount points or processing fees. Other restrictions may apply, please call for details. P.S. If you would like to eliminate the origination fee, the rate would be 4.25% (apr 4.329) with a possible credit back to you towards closing costs.
 
Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com
and
www.tampa-mortgage-broker.blogspot.com
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refinance: Interest Rate Update: 4.5% 30 year Fixed - 03/01/10 05:46 PM
4.5 % Percent is available again, although, as usual with certain restrictions. But, if you are a borrower with excellent credit that has been waiting to refinance, now is the time. Here is a sample of the requirements to obtain this rate: Primary Residence, Rate and Term refinance, 70% Loan to Value, Middle Credit Score of 720 or better, and a loan amount of 200K or more. The Cost for this rate would be approximately 1 percent of the loan amount. I say approximately because rates change every day, sometimes they change several times throughout the day. So if you would … (0 comments)

refinance: Rate Update: 30 Year Fixed Rates Still in the 4% Range - 01/26/10 05:49 PM
That Right Folks, 30 Year fixed rates are still in the 4 percent range. Its true that not everyone can qualify for these rates, but if you are waiting to refinance or buy a home, wait no longer. The Federal Government has extended the First Time Home Buyer Credit until April and now a non first time home buyer (repeat buyer) can get a credit of up to $6500 until April as well (you just have to close by June of this year). Just as these programs are limited, rates are not going to stay this low forever. The Fed is … (0 comments)

refinance: Rate Update: 3.49% is Available! Thats Right, I said 3.49%! - 08/03/09 05:05 PM
Heres the catch: In order to get this rate, you gotta have at least a 750 middle fico score, an ltv of 75% or below, a loan amount of $250,000 or more (up to 417,000.00) and its gonna cost you 1.5 points total. If its a purchase loan, the cost is only 1.25 points. One last thing, this is a 5/1 adjustable and these rates are for Florida only (other states could be more or less, but i mainly do loans in florida). If you want a little more security, i can do a 7/1 arm at 3.99, same cost. Get … (4 comments)

refinance: PLEASE TAKE ME BACK! I'VE CHANGED!! IT WILL BE BETTER THIS TIME, I SWEAR! - 08/03/09 02:55 PM
Does this blog title sound like a desperate lover who has just been dumped? A jilted lover begging for forgiveness and to be given one more chance? Well, its not about that at all. Its about a borrower trying to convince their lender to modify their loan, only to be shunned like yesterdays news. Trying to get your lender to take you back can be awful similar to trying to get back with your ex. And we know how that usually ends, don't we?.
I've have been doing loss mitigation (loan mods) for some time now, and i am beginning to … (7 comments)

refinance: ATTACK OF THE PHANTOM GUIDELINE! THE CONCLUSION - 06/20/09 07:16 AM
When we last left our hero, Moe Jazzei, he was battling the evil PHANTOM GUIDELINE. Unable to locate this 20% square footage appraisal requirement in any underwriting manual, moe was unsure about the fate of his otherwise perfect loan.
Just then the phone rang, it was the Nuntrust account rep. " I checked with our help desk, Moe, they can't find this guideline either." " That's because it doesn't exist!", Moe quipped. Its a PHANTOM GUIDELINE!!" "Wait there's more. I spoke with the underwriting supervisor and she waived the condition."
"Hal-a- frickin' lew yah!!" Moe shouted. Once again the PHANTOM GUIDELINE … (1 comments)

refinance: 4.25% Is Now Available on a 30 Year Fixed!!! - 04/16/09 03:49 PM
This is basically just a follow up to my previous post. 4.25 is available, but it will probably cost you two points or a little more depending on your broker (I can do it for two points). But its been over 50 years since these kinds of rates were available, so it just might make sense to pay the points and take advantage of what the market has to offer.
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refinance: 4.5% 30 Year Fixed is Available Again!! But it Probably wont last. - 04/07/09 07:03 AM
 Due to the goverment buying Fannie Mae debt (mortgage backed securities), rates have once again come down to the 4.5% range. Provided you have a 740 middle ccredit score and a loan to value of 80% or less. And these are conventional rates, not government (FHA and VA); those rates are a little bit higher.
Market sentiment seems to be improving, and when this happens, yields on govenment debt (bonds and treasuries) begin to rise. And since Fannie Mae has to compete with government debt in the open market, they typically raise their rates as well, which translates into higher mortgage … (5 comments)

refinance: Refi Plus - The New Refinance Loan - 03/12/09 04:09 PM
Here are some of the finer points of the new refinance program being offered to lenders by Fannie Mae, and hopefully offered by lenders to brokers. That information is still forthcoming.
Maximum LTV Ratio
The maximum LTV ratio for DU Refi Plus and Refi Plus is 105 percent. There is no maximum CLTV or HCLTV; however, new subordinate financing is not permitted in conjunction with a DU Refi Plus or Refi Plus transaction.
MI Requirements
For new refinance transactions with an LTV ratio that exceeds 80 percent, MI may or may not be required depending on the current MI coverage … (0 comments)

refinance: Refinance Help Has Finally Arrived - Well, Kind Of. - 03/05/09 07:28 PM
The Making Home Affordable program announced by the Department of the Treasury on March 4, 2009, includes a new initiative – Home Affordable Refinance – to provide refinance opportunities to borrowers with mortgages held or guaranteed by Fannie Mae. This initiative is for borrowers who have demonstrated an acceptable payment history on their mortgage but due to a decline in home prices or where mortgage insurance (MI) is not available, have been unable to refinance to obtain a lower payment or move to a more stable product. The Federal Housing Finance Agency (FHFA) has also provided greater flexibility to Fannie Mae … (3 comments)

refinance: Hope For Homeowners - Hopeless for brokers? - 01/19/09 04:13 PM
I think a lot of us brokers were looking forward to the H4H loan last year as a possible life line to help us stay in business. Oh yeah, and there's that helping the borrower thing too. Well, i think on both accounts, this program is a bust. This program was seriously flawed from the beginning, and it seems after some minor tweaking by the powers that be, it is still just as undesirable.
I know that I thought this could be a way to keep afloat in this horrific market all the while helping borrowers keep their homes. I am … (6 comments)

refinance: A New Deal for Homeowners? - 01/08/09 08:28 AM
NEW YORK (AP) -- A deal to help head off more mortgage foreclosures pulled Wall Street out of a slump Thursday, giving stocks a mostly higher close. Democratic lawmakers reached an agreement with Citigroup Inc. on a plan to let bankruptcy judges alter loans in an effort to prevent home from going into foreclosure. Other lenders are expected to follow suit.
 Wall Street traded lower for much of the session after a profit warning from Wal-Mart Stores Inc. intensified fears that consumers are even worse off than thought. Their reluctance to spend -- evident in Thursday's retail sales reports from many … (0 comments)

refinance: 4.25% 15 Year Fixed Officially Available!! - 01/06/09 04:49 PM
That's right, it's not a typo. Provided you have the right loan scenario (credit score above 720, ltv 80% or less, sfr, owner occupied), you can actually get a 15 year fixed rate at 4.25%. In addition, if you really wanted to be aggressive, you may be able to buy down the rate to around 4%. I haven't seen rates this low since 2003, and those rates were on arm loans.
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refinance: VA Loan Update - You can now go to 100% LTV on a cash out refinance! - 11/28/08 02:34 AM
Thats right folks. The VA has recently changed it's guidelines to allow a veteran borrower to borrower 100% of their home's value on a cash out refinance loan. This is an increase from the previous maximum of 90%. You gotta love the VA, especially when FHA is decreasing their max ltv to 85% on a cash out.
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refinance: My Solution to the Housing Crisis - 10/27/08 05:29 PM
Let me start off by saying that this not the only solution, but a simple one that will not cost the government billions of dollars. My approach is a 3 pronged attack:
1. Government Subsidized/Mandated Mortgage Interest Rates
Lower Thirty Year Fixed Rate to 4% All of the people who want purchase a home but haven't yet -1st time home buyers, procrastinators, people still waiting for prices to come down - would seriously reconsider if they new they could get a rate of 4%. Even the people who were responsible and have good credit and equity would pick up the phone … (0 comments)

 
Joseph Mazzei, Why pay retail you you can get it Wholesale? (Wholesale Mortgage Services)

Joseph Mazzei

Why pay retail you you can get it Wholesale?

Tampa, FL

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Wholesale Mortgage Services

Address: 1323 W. Fletcher Ave , Suite 201, Tampa, FL, 33612

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