169 Spencer Ave., Sausalito, CA, 94965 w/ REX 10% Down Payment Option

Mortgage and Lending with Guaranteed Rate, Marin County, CA NMLS: 22343

169 Spencer Ave., Sausalito, CA, 94965 w/ REX 10% Down Payment Option


Using RPM Mortgage and REX Homebuyer, this home can be financed today as:


Purchase Price:  $1,599,000

REX Down Payment:  $159,900

Your Down Payment:  $189,100

Monthly P&I Payment:  $5440



Here are the terms for the scenario above:


Loan Amount:  $1,250,000

Loan Program:  7/1 ARM*

Interest Rate / APR:  3.250% / 3.152%


How can we help?


Property Info:  Sherrie Faber, 415-339-9200, sherrie@firstcaliforniarealty.com

Mortgage Pre-Approval:  Rob Spinosa, 415-367-5959, rspinosa@rpm-mtg.com


*Rates will only apply for the initial period.  The initial period for this program above is seven years.  The payment on a 7/1 ARM adjusts after 7 years and annually thereafter.  At adjustment, the rate will be the average of the Interbank offered rates for one year, U.S. denominated deposits in the London market (LIBOR) as published in the Wall Street Journal, plus a margin of 2.5%.  Rates are subject to a 5/2/5 cap.  A 5/2/5 cap may adjust no more than 5 points on the first adjustment, no more than 2 points at any annual adjustment thereafter, but in any event no more than 5 points higher than the rate during the life of the loan.  The APR of ARM's may increase after consummation.  Loans are for 30 years and are fully amortized.  No loan requires a balloon payment.  Rates assume a FICO score of 780 or greater for a first lien on a single-family, primary residence.  Information is accurate as of this date and is subject to change without notice.  Your interest rate and precise loan terms will depend upon the specifics of your transaction.  This is not a commitment to lend.  Rates are current as of 7/13/14.


Through this innovative new program, FirstREX will typically provide up to half the down payment needed to buy a home. The money from FirstREX is an equity investment, not a loan, which means there are no monthly payments or interest. Instead, FirstREX will receive a share of the change in value of the home, up OR down, when the homeowner decides to sell. REX HomeBuyer Agreements are provided exclusively by FirstREX Agreement Corp. Certain restrictions apply and transaction terms may vary. “FirstREX” is a trademark of FirstREX Agreement Corp., a wholly owned subsidiary of Real Estate Equity Exchange, Inc. California BRE License #01524819. FirstREX is an independent investor and is not affiliated with any bank, lender, or real estate brokerage firm. FirstREX 50 California St., San Francisco, CA 94111 


Rob Spinosa
Mortgage Loan Originator
NMLS: 22343  CalBRE: 01297944
Cell:  415-367-5959     Fax:  415-366-1590
rspinosa@rpm-mtg.com     www.rpm-mtg.com/rspinosa 
1058 Redwood Highway, Frontage Road, Mill Valley, CA  94941


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RPM Mortgage, Inc - BRE# 01818035 – NMLS# 9472 - CA Bureau of Real Estate, Real Estate Corporation License. Equal Housing Lender.



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Rob Spinosa

Vice President of Mortgage Lending, Marin County
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