Michael Byrne's Blog

Florida Jumbo ARM Mortgage Rates have ticked down a bit as of late for all Counties of Florida, giving hope that much needed liquidity is being added to the secondary market.  This is great news for Florida borrowers. 

At First Interstate Financial Cop., we have successfully added an investor that offers excellent Florida Jumbo ARM Mortgage Rates.  As of the close of business on 9/04/2009, the following fully amortized and interest-only Florida Jumbo ARM Mortgage Rates were available*:

 

7/1 ARM    4.5%    4.31% APR

7/1 I/O ARM 4.625%    4.49% APR

5/1 ARM    4.125%   3.87% APR

5/1 I/O ARM 4.25%    4.15%APR

These Florida Jumbo ARM Mortgage Rates assume an owner-occupied property and are subject to qualification standards.  There are various loan-to-value qualifications, asset requirements, income requirements, and credit requirements as well.  The biggest caveat currently is an appraisal: appraisal reviews are quite stringent on this program.

There are programs available for second home financing, cash-out refinances, construction loan take-outs, and purchase money financing.  We can offer loans for amounts up to 3 Million or higher, depending on your scenario.   

Some prudent consumers in Florida, particularly those who receive large annual bonuses, see the benefit in utilizing an interest-only ARM option to make prepayments on their mortgage balance.  Interest-only options are available as well in all areas, and the interest-only portion of the loan is for 120 months.

It is important when considering Florida Jumbo ARM Mortgage Rates that one carefully reviews their own financial situation and future plans. Our current financial crisis has proven a short-term ARM loan is not always a great fit for the consumer, and a reputable mortgage professional should always take into consideration a homeowner's goals for considering an adjustable rate mortgage loan.  Additionally, consumers should review the margin, index, and caps of any proposed adjustable rate mortgage loan they are considering.  I wrote this article  primarily for those currently with ARM loans, but it explains the basics of adjustable rate mortgage financing.

Florida Jumbo ARM Mortgage Rates are not for everyone.  But for those with specific goals and those aware of the inherent risks, this program can be utilized as a great tool for saving money and for creating a sound financial plan.   

Michael Byrne
First Interstate Financial Corp.
800-999-2489 x7972
908 531 6170 Cell
* Not a commitment to lend.  Rates subject to change without notice, and assume an LTV under 60% and loan amount under 850k. Brokered Program.  Other programs available.  Equal Housing Lender.  Licensed in CA,CO,CT,DE,FL,GA,MA,MI,MO,MT, NJ, NY,PA,TX,SC,VA

super jumbo mortgage rates New jersey Jumbo LoansMercer County NJ Jumbo Mtgs  NJ Jumbo MtgsStated Income Mortgages

 

 

 

 

MA Jumbo ARM Mortgage Rates have ticked down a bit as of late for all Counties of Massachusetts, giving hope that much needed liquidity is being added to the secondary market.  This is great news for Massachusetts borrowers, as we have some loan programs available in all Counties of Massachusetts, with some niche programs available in restricted Counties: contact me directly for details. 

At First Interstate Financial Cop., we have successfully added several investors that offer excellent MA Jumbo ARM Mortgage Rates.  As of the close of business on 9/04/2009, the following fully amortized and interest-only MA Jumbo ARM Mortgage Rates were available*:

10/1 ARM  5.25%**    5.11% APR

7/1 ARM    4.5%    4.31% APR

7/1 I/O ARM 4.625%    4.49% APR

 5/1 ARM    4.125%   3.87% APR

 5/1 I/O ARM 4.25%    4.15%APR   

These MA Jumbo ARM Mortgage Rates assume an owner-occupied property and are subject to qualification standards.  There are various loan-to-value qualifications, asset requirements, income requirements, and credit requirements as well. 

We at First Interstate Financial Corp. are fortunate as banker and broker to offer 2 separate programs that have MA Jumbo ARM Mortgage Rates, you may qualify for a different program.  There are programs available for second home financing, cash-out refinances, construction loan take-outs, purchase money financing.  We can offer loans for amounts up to 3 Million or higher, depending on your scenario.   

Some prudent consumers in Massachusetts, particularly those who receive large annual bonuses, see the benefit in utilizing an interest-only ARM option to make prepayments on their mortgage balance.  Interest-only options are available as well in all areas, and the interest-only portion of the loan is for 120 months.

It is important when considering MA Jumbo ARM Mortgage Rates that one carefully reviews their own financial situation and future plans. Our current financial crisis has proven a short-term ARM loan is not always a great fit for the consumer, and a reputable mortgage professional should always take into consideration a homeowner's goals for considering an adjustable rate mortgage loan.  Additionally, consumers should review the margin, index, and caps of any proposed adjustable rate mortgage loan they are considering.  I wrote this article  primarily for those currently with ARM loans, but it explains the basics of adjustable rate mortgage financing.

MA Jumbo ARM Mortgage Rates are not for everyone.  But for those with specific goals and those aware of the inherent risks, this program can be utilized as a great tool for saving money and for creating a sound financial plan.   

* Not a commitment to lend.  Rates subject to change without notice, and assume an LTV under 60% and loan amount under 850k.  Other programs available.  Equal Housing Lender.  Licensed in CA,CO,CT,DE,FL,GA,MA,MI,MO,MT, NJ, NY,PA,TX,SC,VA

** Program not available in all counties, call for details.

super jumbo mortgage rates New jersey Jumbo Loans Mercer County NJ Jumbo Mtgs  NJ Jumbo Mtgs Stated Income Mortgages

 

New York Jumbo ARM Mortgage Rates have ticked down a bit as of late for all Counties of New York, giving hope that much needed liquidity is being added to the secondary market.  This is great news for New York borrowers, as we have some loan programs available in all Counties of New York, with some niche programs available in restricted Counties: contact me directly for details. 

At First Interstate Financial Cop., we have successfully added several investors that offer excellent New York Jumbo ARM Mortgage Rates.  As of the close of business on 9/04/2009, the following fully amortized and interest-only New York Jumbo ARM Mortgage Rates were available*:

10/1 ARM  5.25%**    5.11% APR

7/1 ARM    4.5%    4.31% APR

7/1 I/O ARM 4.625%    4.49% APR

 5/1 ARM    4.125%   3.87% APR

 5/1 I/O ARM 4.25%    4.15%APR   

These New York Jumbo ARM Mortgage Rates assume an owner-occupied property and are subject to qualification.  There are various loan-to-value qualifications, asset requirements, income requirements, and credit requirements as well. 

We at First Interstate Financial Corp. are fortunate to offer 4 different programs that have New York Jumbo ARM Mortgage Rates, you may qualify for a different program.  There are programs available for second home financing, cash-out refinances, construction loan take-outs, purchase money financing, and even a stated income program in some Counties.  We can offer loans for amounts up to 3 Million or higher, depending on your scenario.  One such program we offer (available only in Suffolk, Nassau, Rockland, Putnam, Orange, Westchester, Dutchess, Columbia, and Richmond Counties) allows for an 80% Loan to Value on financing (purchase, refinance, cash-out) up to 1 Million dollars.   Rates are different for that program, although they still are quite competitive.

Some prudent consumers in New York, particularly those who receive large annual bonuses, see the benefit in utilizing an interest-only ARM option to make prepayments on their mortgage balance.  Interest-only options are available as well in all areas, and the interest-only portion of the loan is for 120 months.

It is important when considering New York Jumbo ARM Mortgage Rates that one carefully reviews their own financial situation and future plans. Our current financial crisis has proven a short-term ARM loan is not always a great fit for the consumer, and a reputable mortgage professional should always take into consideration a homeowner's goals for considering an adjustable rate mortgage loan.  Additionally, consumers should review the margin, index, and caps of any proposed adjustable rate mortgage loan they are considering.  I wrote this article  primarily for those currently with ARM loans, but it explains the basics of adjustable rate mortgage financing.

New York Jumbo ARM Mortgage Rates are not for everyone.  But for those with specific goals and those aware of the inherent risks, this program can be utilized as a great tool for saving money and for creating a sound financial plan.

Michael Byrne

First Interstate Financial Corp.

908-531-6170

www.refi-fhsecure.com

http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203

 •· Not a commitment to lend.  Rates subject to change without notice, and assume an LTV under 60% and loan amount under 850k.  Other programs available.  Equal Housing Lender.  Licensed in CA,CO,CT,DE,FL,GA,MA,MI,MO,MT, NJ, NY,PA,TX,SC,VA

 super jumbo mortgage rates New jersey Jumbo Loans Mercer County NJ Jumbo Mtgs  NJ Jumbo Mtgs Stated Income Mortgages

 

Connecticut Jumbo ARM Mortgage Rates have ticked down a bit as of late for all Counties of Connecticut, giving hope that much needed liquidity is being added to the secondary market.  This is great news for Connecticut borrowers, as we have loan programs available in all Counties of Connecticut.  At First Interstate Financial Cop., we have successfully added several investors that offer excellent Connecticut Jumbo ARM Mortgage Rates, as well as fixed rate programs.  As of the close of business on 9/04/2009, the following fully amortized and interest-only Connecticut Jumbo ARM Mortgage Rates were available*:

10/1 ARM  5.25%**    5.11% APR

7/1 ARM    4.5%    4.31% APR

7/1 I/O ARM 4.625%    4.49% APR

  5/1 ARM    4.125%   3.87% APR

  5/1 I/O ARM 4.25%    4.15%APR

With Fairfield County the only Connecticut County that has a loan limit significantly above the Fannie Mae standard loan limit of 417k, this is a great program for borrowers in Hartford, Litchfield, New Haven, Middlesex, New London, Tolland, and Wyndham Counties as well as for borrowers in Fairfield County looking for lower Connecticut Jumbo ARM Mortgage Rates.

These Connecticut Jumbo ARM Mortgage Rates assume an owner-occupied property and are subject to qualification.  There are various loan-to-value qualifications, asset requirements, income requirements, and credit requirements as well.  Since we at First Interstate Financial Corp. are fortunate to offer 4 different programs that have Connecticut Jumbo ARM Mortgage Rates, you may qualify for a different program.  There are programs available for second home financing, cash-out refinances, construction loan take-outs, purchase money financing, and even a stated income program.  We can offer loans for amounts up to 3 Million or higher, depending on your scenario.  One such program we offer allows for an 80% Loan to Value on financing (purchase, refinance, cash-out) up to 1 Million dollars. 

  Some prudent consumers see the benefit in utilizing an interest-only ARM option to make prepayments on their mortgage balance.  Interest-only options are available as well in all areas, and the interest-only portion of the loan is for 120 months.

It is important when considering Connecticut Jumbo ARM Mortgage Rates that one carefully reviews their own financial situation and future plans. Our current financial crisis has proven a short-term ARM loan is not always a great fit for the consumer, and a reputable mortgage professional should always take into consideration a homeowner's goals for considering an adjustable rate mortgage loan.  Additionally, consumers should review the margin, index, and caps of any proposed adjustable rate mortgage loan they are considering.  I wrote this article  primarily for those currently with ARM loans, but it explains the basics of adjustable rate mortgage financing.

Connecticut Jumbo ARM Mortgage Rates are not for everyone.  But for those with specific goals and those aware of the inherent risks, this program can be utilized as a great tool for saving money and for creating a sound financial plan.  wW also have a full array of fixed rate programs.

Michael Byrne

First Interstate Financial Corp.

908-531-6170

 •· Not a commitment to lend.  Rates subject to change without notice, and assume an LTV under 60% and loan amount under 850k.  Other programs available.  Equal Housing Lender.  Licensed in CA,CO,CT,DE,FL,GA,MA,MI,MO,MT, NJ, NY,PA,TX,SC,VA

•· ** Add 1/8% in Middlesex, New London, Tolland, and Wyndham Counties.super jumbo mortgage rates New jersey Jumbo Loans  

NJ Mortgages Mercer County NJ Jumbo Mtgs  NJ Jumbo Mtgs Stated Income Mortgages

Our portfolio true jumbo mortgage rates continue to trend downward this week in Montgomery County, PA.  Despite the 2009 conforming loan limit remaining at $420,000 in Montgomery County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances.  Montgomery County is one of the many Counties in PA where the conforming loan limit remains around 417k.

Currently we have the following Jumbo Rates with 0 points as of business close on  7/1/2009:

10/1 ARM          5.5%    5.55% APR

30/15 Balloon      5.75%**   5.79% APR**

30 Year Fixed     5.875%**    5.94% APR**

7/1 ARM         5.125%     5.155% APR

Typical minimum FICO scores of 680/700.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*

With our corporate offices in Montgomery County, Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.  This is also a great program for second home financing.

We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in Montgomery County, PA, as well USDA loans in qualified RD areas.  Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo loans available in Montgomery County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Our portfolio true jumbo mortgage rates continue to trend downward this week in New Castle County, DE.  Despite the 2009 conforming loan limit remaining at $420,000 in New Castle County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances.  All of Delaware's 3 Counties loan limits remain around 417k.

Currently we have the following Jumbo Rates with 0 points as of business close on  7/1/2009:

10/1 ARM        5.5%    5.55% APR

30/15 Balloon      5.75%**   5.79% APR**

30 Year Fixed     5.875%**    5.94% APR**

7/1 ARM        5.125%    5.155% APR

Typical minimum FICO scores of 680/700.  Full Doc loans only.  Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.  This is also a great program for second home financing.  We also have 5/1 ARM programs in the mid 4's for loan to values of 70% or less.

We also offer competitive pricing on FHA, VA and Conventional Loans in New Castle County, DE, as well USDA loans in qualified RD areas.  Stated Income programs are also slowly making a comeback as well..

We also have other Jumbo loans available in New Castle County, including our bi-weekly equity builder loan program, which allows for financing to trusts, both revocable and irrevocable. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

I recent did some research for a client who is considering placing a secondary home into a qualified personal residence trust  (QPRT).   I found that no traditional lenders will allow a loan they service, let alone allow for a newly originated loan, to be placed into an irrevocable trust such as a QPRT.  A QPRT is an irrevocable trust that can be used for both asset protection and tax savings, particularly for those with estates greater than $3.5 million in 2009.

Our Portfolio Program allows for a loan to be both originated and serviced when held by an irrevocable trust such as a QPRT, subject to reviewing the document and underwriting the loan.  This is a niche for marketing to estate attorneys, elder care attorneys, CPA's and others.  The beneficiaries of the trust still need to personally guaranty the loan.

This loan program is available to qualified applicants in Virginia, Maryland, Pennsylvania, Delaware, New Jersey, Connecticut, and parts of NY.

Loan terms include 30 and 40 year Fixed Rates, various Adjustable Rate Terms , and 15 Year Fixed Rate Terms.  Loan amounts range from 100k-1.5Million.

Michael Byrne

908 531 6170

FHA, VA, and Jumbo Specialist

www.refi-fhasecure.com

www.mortgageprosforum.com

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2009 Gateway Funding Diversified Mortgage Services, L.P. FHA Success Stories  NJ Jumbo Programs  VA Financing  va mortgage success stories  

Ct. Super Jumbo Loan Programs  Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans