Real Estate and Mortgage Benefits For My Clients

5.625% Jumbo purchase mortgage or 5.625% Jumbo mortgage refinance.

This 5.625% jumbo mortgage interest rate may not be around for too long.

You should contact Dick Todhunter 206-898-3776 as soon as possible to discuss how you can save thousands of dollars on your jumbo purchase mortgage or jumbo refinance.

Adjustable jumbo mortgage increases are making it difficult for many people to afford to stay in their homes, or just refinance your jumbo mortgage to save money.

I have to say…. There is no gimmick to this 5.625% jumbo mortgage offer. It is being offered by a great lender, as are the Lender A, B, C jumbo mortgage products. Information is free.

Jumbo home buyers need to be able to get a mortgage they feel comfortable with and find affordable. Let’s look at an example of how you can truly benefit:

Home buyers need to be able to get a mortgage they feel comfortable with and find affordable. Let’s look at an example of how you can truly benefit:

I will present you with scenarios from OUR LENDER OF CHOICE and number of typical lenders, rates all pulled the same day. Let’s assume an $800,000 mortgage (although the lender of choice will offer their product to people with real estate financing needs up to $3,000,000). The pricing includes adjustments as indicated.

EXAMPLE mortgage of $800,000 Continue reading →

Here’s the gist of this blog - get a JUMBO mortgage refinancing with an interest rate of less than 6%.

Homeowners with homes worth more than the current Conventional mortgage market limits are having a difficult time:

1. Selling their real estate
2. Finding that their home buyer no longer qualify for their mortgage loans
3. And that kills their real estate home sale
4. Or the property owner is looking for a mortgage refinance only to find that interest rates are prohibitive, credit scores have increased and loan to value ratios preclude the homeowner refinancing.

Benefits of OUR real estate mortgage Lender of Choice

Everything about this loan is PERFECT! It will solve your needs for a Jumbo mortgage refinance or jumbo mortgage purchase.

1. Your home mortgage interest rate will be as much, or more, than 3.13% BELOW other Jumbo mortgage lenders!
2. In our example, your monthly mortgage payment will be $2,000 below the competitor mortgage companies and $3,750 per month lower on our Interest Only jumbo mortgage.
3. Low mortgage closing costs, by as much as $23,840- $26,000 (other mortgage lenders cost of adjustments).
   
4. Priced for 60-day lock on your home purchase mortgage (this gives more time to sell your time and close!).
5. Priced for 30-day lock on a mortgage REFINANCE.
6. Continuous interest rate float down at no cost! Get the lowest mortgage refinance interest rate at the lowest mortgage price offered from lock in to 3 days prior to closing your mortgage.
7. Minimum FICO 650 score for employed borrowers and 700 for Self-employed mortgage borrowers! I hope that you are aware that these are low FICO scores compared to what other home mortgage refinancing lenders are requiring.
8. No Escrow impounds.
9. Maximum Debt to Income Ratio of 45%, even on 10 year Interest Only loans! And this at a time when other real estate lenders are making everything more difficult!
10. Has your second mortgage lender cancelled your mortgage line of credit on your primary residence? You should check, most lenders have done just that. Our Lender will go to $250,000.
11. Business or multi-family property owners can obtain secured COMMERCIAL loans up to $500,000 on their COMMERCIAL or Multi-family properties valued at up to $3,000,000. First or second lien positions.

Call Dick Todhunter at 206-898-3776 or Contact Us

As this blog points out, by example, other mortgage lenders simply don’t want your business.

Most mortgage lenders are in a pickle. They would love to make money providing Jumbo mortgage refinancings or purchase money jumbo mortgages. The problem is that there is no market for them to sell jumbo mortgages into. Once they make the jumbo mortgage to you, they have to keep the mortgage on their books and that means they run out of mortgage money real quick. So they price jumbo mortgages high enough to limit applicants and make good money on jumbo mortgages they do make.

Our jumbo mortgage lender does want to provide jumbo mortgage loans. Other mortgage refinancing lenders can’t sell your home mortgage, our mortgage lender has resolved that problem. And that is what you want, isn’t it?

Many of my mortgage clients have conducted their real estate search, found their dream home for sale and been turned down by Conventional lending sources because their mortgage went over the $417,000 Conventional loan limit. Others wanted a cash back mortgage refinance and the cash back mortgage put them over the Conventional loan limit. Mortgage lenders FICO credit scores zoomed up to 700 for anything over $417,001. These mortgage borrowers found that they couldn’t meet that requirement! Well, our lender loans down to 650 FICO credit score!

You know the situation, its in all of the newspapers and on TV.

It is really hard for higher end Seattle real estate and home sales (of course including Bellevue WA, Normandy Park WA, Issaquah WA, Mercer Island WA- wherever these properties live). Let’s describe a “Jumbo” property as one where the mortgage loans exceed $450,000. That is the real estate jumbo mortgage range our lender is best at.

You have our permission, please, to tell your home buying friends about this program, they will THANK YOU!

What do you want to do?

This real estate mortgage product is great for you if:

1. You want to sell your prestige home but the real estate market precludes buyers from acting. Jumbo purchase money mortgages are hard to come by and mortgage interest rates are close to prohibitive.
2. You want to sell your real estate and buy a bigger home, one that puts you into the Seattle jumbo home buying market.
3. You want to buy a second home in the jumbo category.
4. You have recently tried to sell your home and found that there were no takers; maybe interest rates scared them away! And now your home is off the market. And need to refinance your home! Refinance your home to lessen the burden.
5. You are looking to put your home on the market and want us to offer your prospects a low mortgage interest rate, which allows them to buy more home, your home! Increase your odds of a sale, call us.
6. You would just like a lower interest rate on your mortgage, on your primary residence or second home.
7. Want to get rid of your annual adjustable rate mortgage, constantly going up, putting your home in jeopardy?
8. Wish that you could make lower monthly payments with an interest only home mortgage?

Jumbo home mortgage quotes below are for those borrowers with a minimum FICO credit score of 650 for employed borrowers and 700 for self-employed borrowers.

Our lender has two jumbo real estate purchase or jumbo home mortgage refinance programs which are virtually unbeatable!

1. A 5/1 ARM, 80% LTV (our example below, contact us for a quote)
2. A 7/1 ARM, 80% LTV (contact us for a quote)

Need a small business mortgage? At NO COST?

This article is not about small business mortgage needs. But be aware that another lender is now providing a no cost commercial property mortgage and commercial property second mortgage up to $500,000. Contact me for details.

1. 4-5 unit and above multifamily mortgage on properties valued at $3,000,000 and below.
2. Commercial properties, all legal entities, owner occupied or investor.

Call Dick Todhunter 206-898-3776 Lic #510-MB-LO-37219 Call us today at 206-575-7495 and select extension 302 for Tyler Todhunter or 303 Fernando Rodriguez, Se Habla Espanol Columbia Funding Group Tyler Lic# 510-LO-39638, Fernando Lic# 510-LO-37536

A 30 year Jumbo mortgage rate of 5.625% with an APR of 5.753%!

FYI - I have searched high and low. Most lenders are stilll in the area of 7.75%. Had to search high and low to find this interest rate. I don’t know if it means the market is adjusting and this is one of the early adapters or what. That’s a $799 savings each and every month achieved by refinancing a $567,500 Jumbo mortgage! Or, you could purchase an extra $138,760 more home for the same payment!

Is it going to be a trend, or short lived?

I can be reached at 206-898-3776 if you have any questions. Dick Todhunter, (mortgage license 510-LO-37219). Licensed real estate broker. Call for your mortgage and real estate needs. Receive a 20-30% REBATE, of my real estate commission, on your next home purchase!

This is the lowest Jumbo refinance or Jumbo purchase mortgage we have seen in over nine months. How long will it last? Don’t know! You can’t wait any longer to refinance your Jumbo mortgage or purchase using a Jumbo mortgage.
Jumbo purchase mortgage and Jumbo refinance mortgage now available at an astonishingly low rate of 5.625% interest!
That’s right refinance your Jumbo mortgage at an interest rate of 5.625%. Here are a couple of details. You can refinance Jumbo mortgages up to $567,500 in King County WA and Pierce County WA. Jumbo mortgage loan limits vary by county, so you will want to give us a call to determine the maximum Jumbo refinance available in your county.

Thinking of purchasing a home in King county WA? Visit The Sound Team website and contact Dick Todhunter today. Now might be the time to act on that inclination! I have noticed a significant increase in traffic on my websites. In the last three weeks I have had 105 prospects in my database looking at properties. In the first three months of the year I had about 100 unique prospects looking for properties. Spring is about to be upon us! Maybe it will be easier to sell your home soon, and get your best offer in now- before people think they can get more for their home.

Anyhow, home buyers in King county WA and Pierce County WA can now make offers with a mortgage between $417,000 and the $567,500 maximum Jumbo mortgage and get an interest rate, for a thirty year fixed rate mortgage of 5.625%
In fact for either a Jumbo mortgage refinance or Jumbo mortgage purchase you can get an interest rate of as low as 5.753%.

By the way, our mortgage associates, Columbia Funging Group, are experienced with refinancing Jumbo mortgages and requirements for purchasing a home with a Jumbo mortgage. We are members of the Upfront Mortgage Brokers Association, which is dedicated to treating our clients, as they would expect. Take a moment to view our commitment to YOU, our client.

Give a call and get your Jumbo mortgage refinance or Jumbo mortgage purchase going.

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Where did I leave off, oh yeah….. 

It had something to do with “Think Local”.  Our Seattle WA and surrounding communities markets never did take off with the same exuberance as did many other markets.  And our landing will not be anywhere near what is happening in many other cities. 

So why are so many would be buyers waiting for prices to drop?

It is really about buying a home, a place to live, the community and schools.  It is about getting on with life.  We have been focusing too much on a home as a piggy bank, rellying too much on price increases to fund our consumer needs.  When is the last time you heard of a mortgage burning party?  Probably the younger buyers are saying “a what?”.  Yes people did really pay off their mortgages and party.

Did you hear, home prices in Seattle WA are beginning to rise!

You may have heard recently that prices dropped a whopping 1.3-1.7%~ last year.  For those of you who held off buying that represents about $6,158 drop in the median Seattle WA home price.  That is a monthly savings of $37, about 10 Starbucks coffee drinks.  About 2.5 coffe drinks per week or almost one movie ticket per week (no popcorn though).  Or about 1.75 gallons of gas per week.  Stop me when this begins to sound like a silly reason to hold out on your home buying dreams. 

And a whole industry held it’s breath with you. 

I have heard that something like 25-30% of real estate agents have dropped out of the business.  That’s actually great for the rest of us and for you.  They say that about 72% of buyers and sellers choose the first agent they come across.  Imagine, you could have had a one in three or four chance of selecting an agent who probably shouldn’t have been in the business anyhow.  Hmmmm….. maybe you will give me a call now!

Here are the most recent numbers:

The median price for a single family home that sold in King County last month was $439,900. That’s down about 3.3 percent from a year ago, but up $10,000 (2.3 percent) from February!  Have we turned a corner?  Are we about to?  February 2007 to February 2008 is down in volume by 35%.  Must be the latee saving people stopped buying real estate.  Oh, come on.  Play with me!

And peak home buying season is hitting the Seattle WA market!

The current market offers great opportunity for homebuyers.  Prices are holding up and there is less competition, at this time.  As spring progresses the market typically picks up and with interest rates at today’s low rates there should be a real rush in the offing.

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NEWS FLASH!!! Jumbo mortgage refinance to conforming rates time is upon us! Refinance your jumbo mortgage today!

Call me today at 206-898-3776 for a FREE Financial Impact Overview of how refinancing your jumbo mortgage will benefit you. Member of UpFront Mortgage Brokers Association, UMB commitment, Reference The Mortgage Professor.

What a snoozer this has been, the anticipation has been enormous. On March 6th The Office of Federal Housing Enterprise Oversight (OFHEO) released the maximum conforming loan limits that will be in effect through year-end as a result of The Economic Stimulus Act of 2008.

For King, Pierce and Snohomish Counties the maximum mortgage amount will now be $567,500! That’s wonderful for you borrowers who have been paying Jumbo mortgage prices in King County WA! Your rates can now drop down to the new conforming loan limits.

Refinance your King County WA Jumbo Mortgage, Pierce or Snohomish County Jumbo Mortgage today,

As of Friday March 7th your interest rate could be 6.0 % to 6.125%, using the Conforming maximum increase, above that would be a payment of $3,402! Compare that to current Jumbo Mortgage rates of near 8% (at the Conforming maximum increase) your payment would be $4,164 for a total savings (of refinancing your Jumbo mortgage to it’s new conforming maximum) of $762 each and every month! Now that’s a great savings, simply for refinancing. Give me a call and obtain the lowest possible rates on refinancing your Jumbo Mortgage TODAY!

Why refinance your Jumbo mortgage with me?

Because you want someone with experience, scruples and knowledge of the industry. Someone who will do right by you. Just read my blogs for my integrity and recognize that you will feel comfortable and be protected from unscrupulous Loan Officers and mortgage companies who will now come out of the woodwork’s to get to your money! Look at the mess we are in with our mortgage crisis! Which of those loan officers do you want to do your mortgage? Why should you look further than this blog for a decent person to TRUST? Call me today at 206-898-3776 for a FREE Financial Impact Overview of how refinancing your jumbo mortgage will benefit you. Don’t settle for less at this crucial time.

By the way, I am a member in Good Standing of the Upfront Mortgage Brokers Association and fully subscribe to their philosophy of complete and Upfront disclosure of all closing costs and will provide you with a current rate sheet upon locking in your mortgage interest rate in financing you out of your Jumbo mortgage refinance.