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About Me
My name is Sean Thorson, and I am your Wachovia mortgage consultant. I have been in mortgage industry for more than 7 years, and working for Wachovia for over 2 years. During these years I have focused on residential construction, jumbo/conforming and first time home- buyer loans in Fairfax, Mclean, Washington DC metropolitan area. I have helped great number of clients to achieve their financial goals while living in their desired house.
My goal is to make sure your home loan achieves what you want it to. If you are looking for financial security, stability, or flexibility, your home loan should reflect your needs.
In order to better understand your future home financing needs, I would like to meet with you. Please call me anytime at 703 760 5664 to set up an appointment. I am committed to providing you with the same excellent service you have come to expect from Wachovia. Please contact me anytime if I can be of any assistance. If you prefer, call my mobile phone at 703 855 5030 and set a time and stop by my office.
My goal is to make sure your home loan achieves what you want it to. If you are looking for financial security, stability, or flexibility, your home loan should reflect your needs.
In order to better understand your future home financing needs, I would like to meet with you. Please call me anytime at 703 760 5664 to set up an appointment. I am committed to providing you with the same excellent service you have come to expect from Wachovia. Please contact me anytime if I can be of any assistance. If you prefer, call my mobile phone at 703 855 5030 and set a time and stop by my office.
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Sean Thorson's Answers (8)
Sean Thorson answered:
Please Sean Thorson at 415 438 0923. or email at sean.thorson@wachovia.com . I would love to go through all options you have with Wachovia. The FHA is always mortgage insurance. There is no way you can escape the PMI. Yes you can put as little as 3% down, but it is not that cost effective when it comes closing cost.
Thanks,
Sean
p.s: since San Francisco is considered to be stable market Wachovia offers one loan up 90% with no PMI. It is called Jumbo Extra. You would not have to pay PMI, and it has got to be full documentation should you a first time home buyer.
Thanks,
Sean
p.s: since San Francisco is considered to be stable market Wachovia offers one loan up 90% with no PMI. It is called Jumbo Extra. You would not have to pay PMI, and it has got to be full documentation should you a first time home buyer.
Sean Thorson answered:
None of them answered your question well in here.
I would try to answer well on this question. It is very easy. If you have 1099 with two year history you would have to have tax return 2006 and 2007. Without tax return, 1099 income would not be used at all. If you have worked with a national lender like Wells fargo, the MD Mortgage consultant can originate the loan in VA. If you want to have a phone consultation, please call me at 703 760 5664 at Wachovia Mortgage, Mclean, VA 22102. or email me at sean.thorson@wachovia.com.
I would try to answer well on this question. It is very easy. If you have 1099 with two year history you would have to have tax return 2006 and 2007. Without tax return, 1099 income would not be used at all. If you have worked with a national lender like Wells fargo, the MD Mortgage consultant can originate the loan in VA. If you want to have a phone consultation, please call me at 703 760 5664 at Wachovia Mortgage, Mclean, VA 22102. or email me at sean.thorson@wachovia.com.
Sean Thorson answered:
Just quick note;
On lenders point of view.
I have worked for several national banks and we have eveluated various demographics and borrowers, such internation borrowers is one of them. When the data came back, we have realised that foreign investers has very minimum rate of defaulting due to the fact that they put more down payment. However, the risk side, foreign invester means, who has no history of iborrowing n the country, and no record. Which is obviously a no no., if the housing market is further deterating. Therefore lender usually ask 20% 30 down payment depends on the size of the loan. Wachovia requries 30%.
One last point is that no country encourages huge flood of foreign real estate investers to invest in their country. That means it is part of law makers decision whether to ease the restrictions on it or not.
Thanks,
Sean Thorson
Wachovia Mortgage
415 438 0923
sean.thorson@wachovia.com
On lenders point of view.
I have worked for several national banks and we have eveluated various demographics and borrowers, such internation borrowers is one of them. When the data came back, we have realised that foreign investers has very minimum rate of defaulting due to the fact that they put more down payment. However, the risk side, foreign invester means, who has no history of iborrowing n the country, and no record. Which is obviously a no no., if the housing market is further deterating. Therefore lender usually ask 20% 30 down payment depends on the size of the loan. Wachovia requries 30%.
One last point is that no country encourages huge flood of foreign real estate investers to invest in their country. That means it is part of law makers decision whether to ease the restrictions on it or not.
Thanks,
Sean Thorson
Wachovia Mortgage
415 438 0923
sean.thorson@wachovia.com
Sean Thorson answered:
just very brief answer in terms of your question;
FHA; if it goes in to Manual under writing is 43 is back ratio. however, it may go up to 50% if it is DU approve. **** FHA is only for Primary****
FNMA**** depends on conforming or jumbo; (1) Jumbo 45% is full doc 35 % for SIVA. (2) Conforming;; still depends on DU result. And it also depends on banks. There are various negotiation with banks and FNMA, therefore, each bank has various requirement.
Please email me I will send you a list of programs and products which Wachovia offer in the DC area.
My email is sean.thorson@wachovia.com or call me at 415 438 0923/ 703 760 5664.
Thanks,
FHA; if it goes in to Manual under writing is 43 is back ratio. however, it may go up to 50% if it is DU approve. **** FHA is only for Primary****
FNMA**** depends on conforming or jumbo; (1) Jumbo 45% is full doc 35 % for SIVA. (2) Conforming;; still depends on DU result. And it also depends on banks. There are various negotiation with banks and FNMA, therefore, each bank has various requirement.
Please email me I will send you a list of programs and products which Wachovia offer in the DC area.
My email is sean.thorson@wachovia.com or call me at 415 438 0923/ 703 760 5664.
Thanks,
Sean Thorson answered:
Wachovia can finance up to 90% if it is stable market. It means you would have to check with a bank personal and find out if the particular property is located in the stable market. If it is in the 94010. It is considered to be stable for a long time. I believe you would have tons of options with Wachovia. Recently, I have worked on two finances in Hillsborough, both of them were SISA and good credit scores like over 700.
Call me if you have any question.
P.S: financing which is = or >80% ltv never works for investment properties.
Call me if you have any question.
P.S: financing which is = or >80% ltv never works for investment properties.
Specialties
Help people achieve their financial goal while living and investing in desired home.
Interests
Helping disadvataged kids and students achieve their life long goal!
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