Call to get Today's Rates

   Interest rates change daily and sometimes even a couple of times during a day.

   Rates depend on:

(1) SUPPLY & DEMAND FOR CREDIT - Trying to Predict Interest Rates / Overview of Mortgage Industry
     (Economic Calendar/Mortgage backed Securities/Check Bond Market/FOMC Calendar/Economy at a Glance)

     Historical Rate Charts: Prime Rate | 6 Month LIBOR | 1 Year LIBOR | 11th District Cost of Funds Index
                                             1 Year Treasury Rate (CMT) | 12 Month Treasury Average

(2) LOAN PRODUCT - Fixed vs. ARM - Loan Programs

(3) LOAN SIZE - Total current debt on the property.
      Conforming Loans go up to $359,650,
      Jumbo Loans are defined as between $359,650 to $1,000,000, and
     Super Jumbo Loans is anything beyond $1,000,000.

(3) LOAN TO VALUE (LTV) - Debt on the property divided by the most recent appraised value
     of your home. To avoid PMI (Private Mortgage Insurance), you'll want to structure
     your loans to be not more than 80% on the 1st loan. Lenders also offer breakpoints at
     various LTVs.

(4) CREDIT FICO SCORE (Manage your FICO Score)
      A higher score is better. A score of 720+ places an applicant in the best programs.
     680-719 is next best category, followed by 620-679 and than 500-619 (Worried about your credit).

(5) DEBT TO INCOME RATIO (DTI) - Total housing expense divided by gross monthly income.  
     Determines whether you can go Full Documentation or have to submit your 
     application with lesser documentation (Stated Income, No Ratio or No Doc).

(6) RATE LOCK PERIOD - Interest rates and points vary by the length of time needed to
     either process the loan or if you are buying a home, close the escrow. The longer
     the rate lock period, the higher the points or rate. Typical lock periods are 15, 21,
     30, 45, 60 and 90.

(7) OWNER OCCUPIED VS. INVESTMENT PROPERTY.
     Non-owner occupied loans are more expensive than owner occupied.

(8) IMPOUND ACCOUNTS - some lenders will save up to ¼ point in loan fee, if you
     establish an impound account with the lender to handle your tax and insurance
     payments.

(9) CASH-OUT - If you are refinancing and taking cash out, the lender may charge a
     higher interest rate/points than if you were just refinancing to lower the interest
     rate.

(10) TYPE OF STRUCTURE - Single Family Residence vs. Low Rise Condo vs. High-Rise Condo
       Condominiums are quoted higher rates than single family homes. There are two categories
       of condos (low-rise=less than than 4 floors high, and high-rise=more than 4 stories high.

(11) US Citizen or Green card holder vs. non-permanent resident - lenders have restrictions
       on LTV for non-permanent residents.

   Factors that will make financing difficult include liens on the property, or interest held by probate,
   or ownership by multiple trusts.

For the best Financing call

Sunil  Sethi, Broker, CPA, MBA sunil@sunilsethi.com Main (510) 388-2436    Real Estate and Mortgage Specialist 16+ Year of Experience UC Los Angeles - MBA, Finance London School of Business - Finance UC Berkeley - BA in Economics California CPA - Specialty Tax Please let him know that Neeru Recommended you for special rates.

We work with the most desirable major lenders, and many niche lenders, who specialize in helping people with special needs.