California Mortgage Resources -
- Senior Loan Officer Mark Simons – Specializing in Residential Mortgages for Northern California borrowers, a Zillow.com Lender. For a free rate quote contact Mark by phone at (925) 890-4361 or email him.
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California Mortgage Resources -

March 12, 2010 (FreeRateUpdate.com) - Rates for our POV* came out today and stayed without any major Wholesale Lenders repricing. Conforming rates (up to $417K) are at 4.75% and Conforming Jumbos (up to $729,750) are holding at 4.875%. Super Jumbos (up to $2 million) are at 5.75% . Questions and comments are always welcome at lololoans@yahoo.com My FICO score is WHAT????: Besides the Loan to Value ratio on the loan you are shopping, THE biggest qualifier is of course your Credit… Read more

(FreeRateUpdate.com) – Rates for our lovable POV* Loan came out and 3 of my major Wholesale Lenders repriced for the better today. Which just reinforces the rest of this nugget o’ info. If you are shopping a loan JUMP on it now! Conforming Rates at 4.75% with JUMBO Conforming at 4.875%. True JUMBOS at 5.75%. As always jokes, recipes and oh yeah, loan scenarios are welcome at lololoans@yahoo.com Ok so which way is UP?I figure pretty gush darn soon there Cowboys and… Read more

SAN FRANCISCO, CA — Feb. 25, 2010 ( http://www.freerateupdate.com/ ) - Rates for today’s POV* came out and stayed out with no major Wholesale Lenders repricing one way or the other. Conforming loans at 4.75% and Jumbo Conforming at 4.875%. SUPER Jumbos at 5.75%. As always, jokes, recipies and loan scenarios are welcome at lololoans@yahoo.com . Which way is UP? Although there have been recent signs of recovery in the Housing Market, the grim fact is that a huge number of… Read more

SAN FRANCISCO, CA — Feb. 18 (FreeRateUpdate.com) - Rates for our POV* Mortgage product came out today and repriced for the worse with most Wholesale Lenders. In fact one Lender had a two reprices within 18 minutes of each other! More on that later. Conforming Rates at 4.875% with Jumbo Conforming Rates at 5.0% SUPER Jumbos at 5.75%. Questions and scenarios are always welcome at lololoans@yahoo.com Did the rate increases have anything to do with the Fed’s action today?… Read more

SAN FRANCISCO, CA — Feb. 11 (FreeRateUpdate.com) - Mortgage rates today for your ever popular POV* came out and STAYED out without any major Wholesale Lenders repricing one way or the other. Conforming rates at 4.75% and Jumbo Conforming at 4.875%. SUPER Jumbos at 5.75%. And as always you can shoot questions or scenaros to me at lololoans@yahoo.com Mortgage 101: “so wait, the AD said 4.35% so why…” Why the difference on what you may be quoted at the end? Because Ads usually base… Read more

Rates for our lovable POV* came out today and stayed steady with no major Wholesale Lenders repricing one way or the other. Conforming Loans (up to $417K) are at 4.75% and Jumbo Conforming (up to $729,750.00 here in most of the San Francisco Bay Area) at 5.0%. SUPER Jumbos (usually up to $2 million) at 5.875%. As always questions or comments welcomed at lololoans@yahoo.com Do the Tighten Up! Great old R&B song with some funky geeetar. Oh! Sorry. I went away there for a moment. The… Read more

Rates came out today and stayed steady with none of my major Wholesale Lenders repricing today one way or the other. Rates for our ever-lovin’ POV* Conforming Rate is 4.75% and Jumbo Conforming at 5.0% SUPER Jumbos up to $2 million at 5.875%. As always questions or scenarios can be sent to me at lololoans@yahoo.com You, Mr. and Mrs. Savvy Borrower, have duly noted that rates have been holding steady for awhile now. Well remember, the rate is not the ONLY thing one has to consider when… Read more

Greetings from the Soggy San Francisco Bay Area! I will start today’s lesson with a few ground rules for my upcoming weekly Blogs. Not only is my company a Direct Lender, but I am approved with over 100 Wholesale Lenders as well. When I quote my rates it is a compilation/average of my top ten “go-to” Wholsale Lenders including First Capital Alliance. These rates will be based on “par” pricing…ie a discount point cost to the Consumer and all are fixed rate. I look forward to… Read more
On April, 05 2010, MI will be boosted to 2.25 and minimum credit scores will be raised. Read about this and other NEW FHA Loan Guidelines.
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