mortgage: New California Jumbo Loan Programs
- 06/23/11 07:20 AM
New California Jumbo Loan Programs June 23, 2011 RPM Mortgage is pleased announce the addition of a 5/1 interest-only (I/O) ARM loan program to its strong platform of jumbo product. Designed to meet the needs of the higher loan amounts and purchase prices here in California, this program has the following features: Interest rate is fixed for the first 5 years but the I/O option continues for an additional 5 years --- 10-year I/O feature. 80% LTV/CLTV up to $1,000,000 loan amount. Debt-to-income ratios (DTI) available up to 45%. Refinances can be considered rate and term if HELOC is seasoned one year (e-mail … (0 comments)
mortgage: FHA Condo Project Approvals
- 06/16/11 08:33 AM
FHA Condo Project Approvals The short video below explains the process of getting a condominium project approved with the FHA, so that homebuyers (especially first-time homebuyers) may purchase condo units listed for sale. This video's target audience is HOA board of directors of any common interest development, or property management companies that oversee condominium projects. However, we are all aware that often it is the real estate agents who are trying to list, or help a client buy, a condo unit who are uncovering the need for condominium project approvals.
For more information or to begin the condo approval process, get … (4 comments)
mortgage: Recommended General Contractor in Marin County
- 06/14/11 12:47 PM
Recommended General Contractor in Marin CountyWhen it comes to the general contracting on a custom home in Marin County, California, or perhaps something less ambitious like a kitchen or bathroom remodel, there is a company that always comes to mind and that I never hesitate to recommend: Diego Brothers, Inc. Jack and Jim Diego have been building homes in Marin for decades. They grew up in the community. They know everyone and everyone knows them. And those who do know them appreciate their integrity and professionalism, as well as the legacy of their work.One of my good friends owns a custom … (0 comments)
mortgage: Weekend Availability + Understanding Mortgage Closing Costs
- 06/10/11 06:31 AM
Real Estate Professionals, I will be available this weekend (other than on Sunday morning when I'll be running the 101st Dipsea) to assist with your clients' pre-approvals, offer letters and home loan questions. If I can be of service, feel free to reach me on my cell phone at 415-367-5959, or by e-mail at rspinosa@rpm-mtg.com. The short video below explains to your buyers in clear and simple terms the best ways to understand the costs and fees associated with a mortgage transaction. Have a great weekend! Rob Spinosa, RPM Mortgage 877.270.5959 rspinosa@rpm-mtg.com
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mortgage: Saving the Housing Market: A Call to Action
- 06/09/11 07:57 AM
Saving the Housing Market: A Call to Action I am looking to create a panel of experts who will compile a list of clear action items that would aim to break the downward spiral in the housing market and help the broader economy as a result. Our collaboration will begin immediately and will culminate with a conference call on July 1, on which we'll consolidate our best ideas. Thereafter we will compile a report that we can present to our local, State and Federal legislators. To date, no politicians, economists, bankers or other real estate professionals have been this proactive, and … (4 comments)
mortgage: California Down Payment Assistance
- 06/07/11 07:03 AM
California Down Payment Assistance RPM is pleased to announce its status as an approved lender for California's CHF down payment assistance program. If you have any questions about this program, please contact me at 877-270-5959 or rspinosa@rpm-mtg.com. Please note that this program is NOT limited to first-time homebuyers and can be used for both new and existing homes. The down payment assistance comes in the form of a grant and low-to-moderate income levels are eligible. The financing obtained will be a 30-year fixed loan (FHA or VA) and rates are extremely competitive. For maximum financing and purchasing power, this is going to be a … (2 comments)
mortgage: The Dipsea Race, A Marin Institution
- 06/05/11 04:52 PM
The Dipsea Race, A Marin Institution "...your Dipsea begins in 5, 4, 3, 2, 1..." Anyone who has found himself/herself in the start corral in Lytton Square, Mill Valley, on the second Sunday in June can tell you about the feelings that phrase evokes. For me, having completed five Dipsea races, I can just sense my heart (and stomach) rising into my throat. I know I'm soon in for an hour of adrenaline, pain, dread and finally, Stinson Beach in sight, relief. One can read about the Dipsea course itself in a ton of places on the web. The lore and history of its vicious 7.5 miles of stairs … (0 comments)
Great. Now that we have been able to indentify some of the legislative, regulatory and economic absurdities foisted upon the real estate and mortgage markets since 2007/2008, it's time to move on. That's right. No more crying over spilled milk. What I want to talk about here is Washington's bent towards this concept of "skin in the game," the apparent panacea for housing's woes. The theory goes like this: Buyers who have a vested (onerous?) interest in the … (5 comments)
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