We have 20-25% down for a 1.3 million home (no contingency -- we have been renting in the area one year). Desire a combo rate (for the first $400K and then the remainder, which would be the "jumbo" part of the loan). Able to manage $6,000-$8,000 monthly for mortgage/tax/insurance costs.
If you still out there looking for mortgage, take a look at TD bank north. Google TD bank mortgage. I believe you can get 5.625 for 0 point with at least 20% down on 30 yrs fixed. It's better than combo.
I have access to one of the best jumbo lenders in the country. 6% on a 1 million dollar loan with 0 points. payment is just under 6000/mth. Give me a call 800-793-9633 ext 185
Danny Castagna
E-Mortgage Mangement
222 Haddon Ave Suite 2A
Haddon Township NJ 08108
I usually recommend to my customers that they deal with a bank rather than a mortgage broker.
I have always found Wells Fargo to be a reliable source for mortgage money for my customers.
I can recommend a lady by the name of Kristen Price her office # is800-653-1989 x 2005 her cell is 609-602-4686.
She is vwery good and should be able to guide you through the process.
Mike Rayno
The best blended rate I can offer on a combo would be at a max 70% CLTV, which would require 30% down.
1st Mortgage $417,000 5.25% 30-year fixed
2nd Mtg HELOC $493,000 @ Prime + 1.5% (4.75% Interest Only)
Payment on this would be $4,254.15/month
However, if you want a higher loan to value, I could do 20% down and a loan amount of $1,040,000
However, your rate would be 5.75% with 1 point (no points on the first option) and a monthly payment of $6,069.16.
If you have any questions, please feel free to contact me.
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com
Newbie,
We have a few great options for Jumbo Loans. There aren't too many lenders doing them out there in this environment. i would be happy to find the best Jumbo loan to fit your needs. feel free to contact me.
The very best of luck to you!
Michael
Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net
http://www.mortgagepro.instantlender.com
Hi Main Line Newbie!!:) Welcome to Montgomery County (by the way, did you know that last year, Forbes rated Montgomery County as among the Top 10 Places to Raise a Family in the US).
I agree with Stacey below to call around to different mortgage representatives (I work with another mortgage person she didn't mention....his name is Mike Storti with Mortgage Mobility....you can reach him by email at Mike@MortgageMobility.com or by cell at (61) 842-8212).
I don't know where you are in your home search, but just yesterday I searched homes available in the Berwyn/Devon/Villanova area through the MLS for another client and found some real beauties! If you like, I'd be happy to email these for you to take a look at (unless you've already hired a Buyer's Agent, in which case s/he could help you in that regard).
Feel free to call me direct with any questions you may have at (610) 324-5240. It would be my pleasure to earn your business and to assist you in your exciting home search!
Good luck in your home search and blessings to you.........
Warmly,
Judy
Judy May, Esquire, REALTOR
"A Refreshingly Different Real Estate Experience"
http://www.JudysFineHomes.com
Judy.May@Century21.com
CENTURY 21 Alliance
2828 Audubon Village Drive
Audubon PA 19403
O: (610) 666-0202 x. 226
C: (610) 324-5240 (preferred)
Search 1000s of homes!
http://www.CollegevilleAreaHomes.com
We have a portfolio jumbo program and several jumbo programs for the main line area, depending on the county. Feel free to contact me for details!
Hi There!
Your best bet is to call around different Mortgage Brokers to see who has the best loan as well as the besgt program for your situation. I can recommend two different Mortgage Companies who are always very competitive with their rates and their programs. Please see the contact informatiob below, and just use my name:
John Quattrocchi
First American Mortgage
http://www.fammortgage.com
215-630-9567
Ben Witmer
Price Financial Services
http://www.pricefinancial.net
610-964-1200
If you need any other assistance with your real estate needs, please feel free to give me a call or send me an email. There are some gorgeous properties throughout the Main Line that are available for purchase.
Stacey Karp, Realtor, ABR, e-Pro
CENTURY 21 Alliance - Royersford
322 N. Lewis Road
Royersford, PA 19468
610-948-2100 x311- business phone
610-948-2188 - fax
610-453-2488 - cell
http://www.staceykarp.com
StaceyKarp@Century21.com
Licensed in PA License # RS302275
YOUR REFERRALS ARE ALWAYS WELCOME!
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