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It’s no mystery that mortgage rates have been moving relentlessly higher in 2022. But how high is high? That will depend on a number of factors, including: The date and time of day of the quote (things change quickly) The lender in question (different lenders have slightly different pricing and quoting practices) The specifics of…

Timing is the most common reason for California Private Money Financing: -1031 Exchange Deadline -Other Financing Sources fall out at the 11th hour -Bidding War – 30 day all cash escrows -Past Due Ballon payment -Taking Quick advantage of investment opportunity Or Property does not meet Financing guidelines: -SFR, Multifamily, Mixed Use, Commerical, Retail, Light…

Mortgage rates were already in the vicinity of the highest levels in 14 years. With large day-to-day swings being extremely common these days, we were only ever one bad day away from making it back to those highs. Today was one of those days! The culprit was at least well known and well understood, both…

We offer Fixed Rates & ARMs, Interest only available Loan Amounts up to 3 Million + Up to 90% LTV on Primary Purchase up to 1.5M Bank statement loans for Self Employed W2 and 1099 Income OK Self employed less than 2 years? OK! Cash Out Refinance Primary, Second Home and Investment properties Interest only Loans First…

Ideally for clients who can fully document their income, but maybe not always with tax returns or conventional documentation. Many of our Refinance Loan Requests are for Salaried Borrowers, however a fair percentage are also Self-Employed, often as Business Owners, Real Estate Investors, Builders who may need some “Documentation” flexibility! They seek to: Restructure current long term…

We serve borrowers who have unique situations that do not meet strict institutional guidelines for Loan products like: Hard Money Lending Foreign Resident Financing Private Money Lending Cash-out Financing Non-QM Jumbo Lending First and Second Mortgages First and Second Trust Deeds Business and Investment purpose financing Asset Based Bridge Financing Commercial Financing Equity Based Financing…

We’ve devoted lots of time and space recently to discussing the uncommon mortgage rate environment recently.  The abbreviated thesis can be reduced to a few key bullet points: Mortgage rates involve both the rate itself and the upfront cost required to obtain that rate. Recently, there is much less distance between any two interest rates in…

NOTE: Rate quotes are all over the map right now, and one key reason is the outsized value of discount points in the current market.  For example, during more normal times, you might see two equivalent loan quotes (2 options from the same lender) where one option has one discount point in exchange for a…