Greetings! Mortgage rates have moved up, down, and sideways in recent months. Yet, apart from the volatility, some key trends could make mortgages more expensive for borrowers regardless of the level at which rates eventually...click here for the rest of this Fox Business news article entitled "Watch for Rising Mortgage Costs".
For a more detailed explanation of the new Loan Officer Compensation Addendum to Regulation Z and its effects, please click here.
However, so far rates have DROPPED since the implementation of the new Compensation Plan, so now's a great time for your clients to act.
Featured Loan of the Week
Kinecta *****Jumbo 90% LIBOR ARMs***** - Up to 90% LTV
- Max Loan Amount 979,250**
- 5/1, 7/1, 10/1 LIBOR ARMs
- 760 Minimum FICO
- 45% Max DTI
**In most areas, call for more information Hot Product of the Week Our FHA rates are hot right now and SMOKING the competition - Currently beating Wells Fargo and Bank of America!
- 4.375% - 0 Points, 30 day Lock!!!
- Loans to $417,000
Ask your clients to shop their FHA rates with us - these great rates won't last.
We have a deep pool with over 60 lenders, so we are able to find the best rates for your clients. Don't lose transactions - for loans from $10,000 - $15,000,000, tell your clients to pre-qualify with Darren McLellan.
Sincerely,
Darren McLellan
Partner
McLellan Financial | Back Bay Funding
19600 Fairchild Dr. #150 Irvine, CA 92612
1397 Terrace Way Laguna Beach
C: 949.933.9282 | O: 949.337.4000 darren@backbayfunding.com DRE License #01368773 | NMLS: 297075 Residential |Construction | Private Banking
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