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- 21 Answers
- 3 First Answers
- 4 Useful Answers
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About Me
Imagine a professional, experienced mortgage broker who listens to your needs, understands your dreams and treats you like a friend. Imagine a home loan consultant who answers all of your questions and arms you with the information you need to make the best decision when buying a home.
Someone who wouldn't be able to sleep at night if she recommended the wrong loan to you or put you in a risky position. And yes, someone who will work hard to get you a rate you can rave about.
I have fifteen years of experience as a mortgage broker in San Francisco and the Bay Area. I treasure my clients like good friends. Maybe that's because I've met 99% of them in person.
Even if you're not ready to buy ore refinance now, with the right advice and planning, you could be ready in just a few months.
As a respected, licensed mortgage advisor in the San Francisco Bay Area, I adhere to the trusted code of ethical practices and best lending practices of the National Association of Mortgage Brokers.
Peace of mind in making your biggest financial decision is what I offer. Please call or email to arrange a free mortgage consultation.
Natasha Lovas
Guarantee Mortgage
636 Fourth St.
San Francisco, CA 94107
415-694-5544 http://www.natashalovas.com
Someone who wouldn't be able to sleep at night if she recommended the wrong loan to you or put you in a risky position. And yes, someone who will work hard to get you a rate you can rave about.
I have fifteen years of experience as a mortgage broker in San Francisco and the Bay Area. I treasure my clients like good friends. Maybe that's because I've met 99% of them in person.
Even if you're not ready to buy ore refinance now, with the right advice and planning, you could be ready in just a few months.
As a respected, licensed mortgage advisor in the San Francisco Bay Area, I adhere to the trusted code of ethical practices and best lending practices of the National Association of Mortgage Brokers.
Peace of mind in making your biggest financial decision is what I offer. Please call or email to arrange a free mortgage consultation.
Natasha Lovas
Guarantee Mortgage
636 Fourth St.
San Francisco, CA 94107
415-694-5544 http://www.natashalovas.com
Testimonials
""You are the best! Not only did you help us secure the loan we needed to buy our dream property in Sonoma County. Your knowledge, competency and caring were the combination we needed to complete this complicated transaction.""
JoAnn Smith Thu May 1
JoAnn Smith Thu May 1
""I just wanted to thank you for all the help you have given me and my clients this past year. I was hoping that when I referred you to one of my clients you would turn out to be as wonderful as everyone said….and you were!""
Eve Grau Thu Jan 24
Eve Grau Thu Jan 24
""I cannot say enough wonderful things about working with Natasha Lovas! I have re-financed my property 3 separate times with Natasha. Natasha kept me well informed in a timely manner on the status of my loan and made re-financing stress-free.""
Alice LaRocca Sun Mar 23
Alice LaRocca Sun Mar 23
""I want to let you know how I have appreciated your outstanding service to my clients and to me all of these years. I think it a testimony to you that not only do I refer you to my clients, but I use you exclusively for all my personal financing needs, whether it be a purchase or refinance.""
Jessica Waterston Tue Dec 11, 2007
Jessica Waterston Tue Dec 11, 2007
""I have worked with Natasha for the past several years. In all transactions she is the consummate professional with the utmost care for her clients, always putting their needs above her own. . . . honest and trusworth.""
Perri Harmon Wed Jan 9
Perri Harmon Wed Jan 9
""I have been working with you for over nine years and cannot think of a more complete loan agent. You always have the clients' best interests at heart. Honesty and integrity are two qualities that you have in abundance and you are highly organized and totally dependable.""
Grant Palmer Tue Apr 1
Grant Palmer Tue Apr 1
""Natasha is a seasoned veteran in this business and she is supremely knowledgeable about underwriting guidelines. She knows her way around and always has her client's best interests at heart. It is always a pleasure to work with her.""
Desiree Marin Sun Mar 9
Desiree Marin Sun Mar 9
""It has been a joy working with Natasha. She is smart, fast, always available to answer any questions and honest. She has always produced the best loans at the best rates for me in varying real estate transactions." - Michael Leonard"
Michael Leonard Sun Feb 10
Michael Leonard Sun Feb 10
""In the ten years that Natasha has provided financing for my transactions she has shown many qualities that make her a particularly effective loan broker. She is knowledgeable, persistent, insightful and innovative, and always extremely personable." - Stuart Wilson, Paragon Real Estate"
Stuart Wilson Wed Nov 28, 2007
Stuart Wilson Wed Nov 28, 2007
""The entire loan process could not have gone smoother, and the fact I could leave the entire process up to you to manage is testimony to your abilities." - Tristan Hays"
Tristan Hawthorne Thu Jan 3
Tristan Hawthorne Thu Jan 3
My Q&A
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Natasha Lovas's Questions (2)
Natasha Lovas's Answers (21)
Natasha Lovas answered:
From a lending standpoint, there are a few things you will need to know up front. Buyers can either obtain a group loan on the whole building, or individual (fractional) loans.
A few years ago, buyers could easily obtain a group TIC loans with only 5 to 10% down. Now, the down payments on a 4 unit building will be in the 20 to 25% range for a group loan (depending on value of the building and price of the units), and 20 to 25% down for a fractional loan. Some fractional lenders will allow sellers to provide financing, but those are now rare.
What this boils down to: your tenants will need to have significant savings built up in order to be able to buy their units. You might have better luck in marketing your units to a TIC group that has already been formed, or to individuals who already have verified down payments to qualify for fractional or group loans.
A few years ago, buyers could easily obtain a group TIC loans with only 5 to 10% down. Now, the down payments on a 4 unit building will be in the 20 to 25% range for a group loan (depending on value of the building and price of the units), and 20 to 25% down for a fractional loan. Some fractional lenders will allow sellers to provide financing, but those are now rare.
What this boils down to: your tenants will need to have significant savings built up in order to be able to buy their units. You might have better luck in marketing your units to a TIC group that has already been formed, or to individuals who already have verified down payments to qualify for fractional or group loans.
Natasha Lovas answered:
Jason's answer above was excellent.
The only thing I might add is that you might be able to come close to the 5.875% rate depending on your current loan balance. I have locked in a few conforming loans (under $417,000) in the past few weeks as low at 5.75%, 0 points. Rates are just about as volatile as the stock market right now, so on a good day, we can still catch a low rate.
If your loan is between $417,000 and $729,950, you are looking at a rate more like 6.25%, 0 points.
BTW, the conforming-jumbo limit of $729,950 will be reduced to $625,000 by December 31, 2008 so if your loan is more than $625,000 but less than $729,950, act quickly!
Feel free to contact me if you need more info.
natasha
The only thing I might add is that you might be able to come close to the 5.875% rate depending on your current loan balance. I have locked in a few conforming loans (under $417,000) in the past few weeks as low at 5.75%, 0 points. Rates are just about as volatile as the stock market right now, so on a good day, we can still catch a low rate.
If your loan is between $417,000 and $729,950, you are looking at a rate more like 6.25%, 0 points.
BTW, the conforming-jumbo limit of $729,950 will be reduced to $625,000 by December 31, 2008 so if your loan is more than $625,000 but less than $729,950, act quickly!
Feel free to contact me if you need more info.
natasha
Natasha Lovas answered:
The quick answer: If you take a 30 year fixed as your new mortgage and then make a large extra payment on the principal from the proceeds of your sale, you will not be reducing your new mortgage payment, only shortening the life of your loan.
The only way to actually reduce the payment would be to obtain an interest-only loan or by refinancing. I would run the numbers both ways to see which option ends up saving you the most money. I don't know what your exact situation is in terms of numbers, but keep in mind that the loans with the best rates are still conforming, where you borow less than $417,000.
Good luck on your project and please contact me if you'd like more information.
natasha
This all used to be so much easier back in the day of easy-to-obtain second mortgages and equity lines. . . . but those days are gone, at least for now.
The only way to actually reduce the payment would be to obtain an interest-only loan or by refinancing. I would run the numbers both ways to see which option ends up saving you the most money. I don't know what your exact situation is in terms of numbers, but keep in mind that the loans with the best rates are still conforming, where you borow less than $417,000.
Good luck on your project and please contact me if you'd like more information.
natasha
This all used to be so much easier back in the day of easy-to-obtain second mortgages and equity lines. . . . but those days are gone, at least for now.
Natasha Lovas answered:
One option, of course, is to pay off your second mortgage. That will reduce your total "loan to value" and make refinance simple.
If you can't or don't choose to do that, since you've owned for 3 years, I would still guess that the property has increased in value such that your current "loan to value" is 80% or less. When the current value of a property is in question, I usually call my appraiser and have him run the comps. There is no charge for this.
Chances are good that you can refinance. The rate probably won't be lower than the loan you obtained three years ago, but it could be pretty close. The type of new loan you should obtain will depend on how much longer you plan to live in the property.
Call me if you would like to obtain more information.
natasha lovas
If you can't or don't choose to do that, since you've owned for 3 years, I would still guess that the property has increased in value such that your current "loan to value" is 80% or less. When the current value of a property is in question, I usually call my appraiser and have him run the comps. There is no charge for this.
Chances are good that you can refinance. The rate probably won't be lower than the loan you obtained three years ago, but it could be pretty close. The type of new loan you should obtain will depend on how much longer you plan to live in the property.
Call me if you would like to obtain more information.
natasha lovas
Natasha Lovas answered:
My understanding is that yes, if you agree to a loan modification you would need to share your future profits with the lender who gave you the modification. The lender would view this as a quid pro quo for rescuing you from foreclosure.
Have you called ACORN yet? I would recommend that you speak to someone from a non-profit organization who is not affiliated with a lender to get some straight answers on your options.
Beware of foreclosure "rescue" companies. Please be careful who you talk to! There are still sharks swimming in these waters!
Have you called ACORN yet? I would recommend that you speak to someone from a non-profit organization who is not affiliated with a lender to get some straight answers on your options.
Beware of foreclosure "rescue" companies. Please be careful who you talk to! There are still sharks swimming in these waters!
Specialties
Residential financing 1 to 4 units, primary residences, second homes and investment properties.
I specialize in TIC purchase and condo conversion loans, first-time buyers and move-up buyers requiring bridge financing. Exclusively in the San Francisco Bay Area.
I specialize in TIC purchase and condo conversion loans, first-time buyers and move-up buyers requiring bridge financing. Exclusively in the San Francisco Bay Area.
Experience
Latest:
Senior Mortgage Advisor for Guarantee Mortgage
Residential financing consultant, focusing on San Francisco Bay Area and Wine Country properties. I secure financing for 1 to 4 units, second homes and investment properties. I specialize in TIC purchase and condo conversion loans, first-time buyers and move-up buyers requiring bridge financing.
November 2007—present
Previous:
Senior Mortgage Advisor for Triton Funding
Residential financing consultant, focusing on San Francisco Bay Area and Wine Country properties. I secure financing for 1 to 4 units, second homes and investment properties. I specialize in TIC purchase and condo conversion loans, first-time buyers and move-up buyers requiring bridge financing.
July 2005—November 2007
Previous:
Senior Loan Officer for Guarantee Mortgage
Residential financing consultant, focusing on San Francisco Bay Area and Wine Country properties. I secure financing for 1 to 4 units, second homes and investment properties. I specialize in TIC purchase and condo conversion loans, first-time buyers and move-up buyers requiring bridge financing.
September 1992—July 2005
Previous:
Attorney for Adams, Duque & Hazeltine
Litigation attorney.
May 1989—June 1992
Previous:
Attorney for Crosby, Heafey, Roach & May
Litigation attorney. The firm is now known as Reed Smith.
August 1987—May 1989
Certifications & Awards
Top Producer (President's Club) every year from 1995 to 2007
Quoted in S.F. Chronicle Real Estate Section, "Borrowing in a Tough Market", 9/16/2007
Member, National Association of Mortgage Brokers, California Association of Mortgage Brokers, San Francisco Association of Realtors
Quoted in S.F. Chronicle Real Estate Section, "Borrowing in a Tough Market", 9/16/2007
Member, National Association of Mortgage Brokers, California Association of Mortgage Brokers, San Francisco Association of Realtors
Interests
I am an avid reader. I also love puttering around in my garden and spending time with my 2 daughters.
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