Bill Sockolov

"Mortgage Professional"

I'm a:	Real Estate Professional
Company:	Residential Pacific Mortgage
Location:	San Francisco County Sonoma County Marin County
Phone:	(415) 381-7020

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Bill Sockolov's Questions (0)

Bill Sockolov's Answers (3)

Can I refinance my house, when the housing market price going down?

Asked Wed Aug 27 2008, 04:44 by Phil Yu - San Francisco - Financing - 8 answers

Bill Sockolov answered:

Hi Phil,
There are several factors that will determine what type of loan you could refinance into. These include an accurate estimated property value, specific credit score, analysis of your income, assets, liabilities, and reserves. This process only takes about 15-30 minutes (other than the property value). I would be more than happy to assist you with the analysis without any obligation on your part. I can help you see what the possibilities are for your specific scenario. I am here in the SF area.
Please feel free to contact me at 415-381-7020 with ANY questions.

Respectfully,

Bill Sockolov
Residential Pacific Mortgage - Wed Aug 27 2008, 07:47

I need a loan for an apartment building. What banks are currently doing loans over 7 million.?

Asked Sat May 24 2008, 19:26 by Mary - San Francisco - Financing - 6 answers

Bill Sockolov answered:

Mary,
I would highly recommend that you speak with Jim Larsen, RPM Mortgage. Jim has procured numerous commercial and multi-residential loans in the Bay Area. Jim has many resources available, allowing him to be competitive in today's market.
His website is: http://www.rpm-mortgage.com/index.asp?content=loan-agent&agentid=262.

Bill S. - Thu Aug 7 2008, 12:49

should i refinance from a 5-year arm 5% interest into fixed?

Asked Mon Jul 28 2008, 15:39 by Igeorge - San Francisco - Financing - 4 answers

Bill Sockolov answered:

Igeorge,
Every loan should be customized to the individual Borrower. To properly answer your question, there are several issues that need to be discussed about your specific needs and plans. These include; How long do you plan on living in this home...What is your LTV (Loan-To-Value)...What amount of monthly payments are you comfortable with...Do you currently have a Prepayment Clause...etc.
I would suggest that you speak with a qualified, reputable mortgage banker or broker to have them help you with your decision. You should be able to gain this advise without making any commitments or obligations to the mortgage professional.
If you would like this type of advise...please feel free to contact me at 415-515-4499. I'd be more than happy to help you analyze your specific situation.
Take care,
Bill S. - Thu Aug 7 2008, 12:14

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