{"id":181,"date":"2012-04-27T18:45:58","date_gmt":"2012-04-27T23:45:58","guid":{"rendered":"http:\/\/www.stephaniepassman.com\/blog\/?p=181"},"modified":"2012-08-13T15:46:05","modified_gmt":"2012-08-13T20:46:05","slug":"easier-loan-packages","status":"publish","type":"post","link":"http:\/\/www.stephaniepassman.com\/blog\/2012\/04\/easier-loan-packages\/","title":{"rendered":"Easier Loan Packages Now Becoming Available"},"content":{"rendered":"<p>The lending market seems to be opening back up a little, certainly in our local area, according to my favorite loan officer, Luke Andrews. Luke&#8217;s company has recently partnered with a new wholesale lender with some excellent &#8220;out of the box&#8221; programs that will make it easier for many buyers to qualify for financing.<\/p>\n<p>Relaxing the tight restraints on terms that we&#8217;ve seen in recent years can only help the local economic outlook as this evolves into a more realistic market to buy and sell property. This in turn generates new business investment and re-establishes the stability of home ownership that we continue to cherish as a nation.<\/p>\n<p>Take a look at this menu of features available in these new programs. Be sure to ask me about anything you don&#8217;t<!--more ...Read more about loan packages \u2192 --> understand. I have many years experience in real-estate finance and I can help tailor your needs into scenarios for Luke to submit for pre-approval.<\/p>\n<h3>Core Product Highlights<\/h3>\n<ul id=\"internal-source-marker_0.33036588330794003\">\n<li>Owner Occupied: 85% LTV to $1 million with no MI and loans to $2 million<\/li>\n<li>Second homes to $1.5 million<\/li>\n<li>Liquid assets may be added to supplement monthly income<\/li>\n<li>Fixed and Arms available<\/li>\n<li>No mortgage insurance<\/li>\n<\/ul>\n<h3>Investor Product Highlights<\/h3>\n<ul id=\"internal-source-marker_0.8141985149119848\">\n<li>Loan amounts to $650,000<\/li>\n<li>Borrower may have up to 20 other properties financed<\/li>\n<li>Properties can be purchased with deferred maintenance and repairs<\/li>\n<li>Cash out with no seasoning on title<\/li>\n<li>Seller concessions up to 6%<\/li>\n<li>65% LTV Purchase and Cash out<\/li>\n<li>45% standard DTI; expandable to 50% with 18-month reserves<\/li>\n<li>Minimum FICO score down to 640<\/li>\n<li>Condos okay<\/li>\n<\/ul>\n<h3>Foreign National Program Highlights<\/h3>\n<ul id=\"internal-source-marker_0.8141985149119848\">\n<li>65% LTV on purchase\/55% LTV on rate\/term refinance<\/li>\n<li>Loan amounts to $650,000<\/li>\n<li>Purchase and Rate\/Term Refi only<\/li>\n<li>No Prepayment Penalties<\/li>\n<li>Single-family homes, condos and townhouses<\/li>\n<li>Owner occupied and second homes<\/li>\n<\/ul>\n<p>Luke is a hard-working and diligent loan officer with a background in real estate, and I&#8217;ve found that he knows how to give buyers the solid financing credentials that sellers look for when deciding which offer to accept. It&#8217;s enormously valuable too that he appreciates the critical sequence of tasks that must occur to secure a smooth path from going under contract at offer acceptance to the closing &#8211; when the proud new owner gets the keys to the castle!<\/p>\n<p>Feel free to contact him directly for loan approval if you have your ducks in a row and your paperwork ready, at the following address:<\/p>\n<address style=\"padding-left: 30px;\" dir=\"ltr\">Luke Andrews, Mortgage Advisor<br \/>\nGeneration Mortgage Associates<br \/>\nDirect 727-798-4188<br \/>\nOffice 727-392-5363<br \/>\nEfax 813-433-5511<br \/>\nEmail: luke@luke-andrews.com<br \/>\nWebsite: www.generationloans.com &#8211; (online application available)<\/address>\n<p>Talk Soon!<br \/>\n&#8211;Stephanie<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The lending market seems to be opening back up a little, certainly in our local area, according to my favorite loan officer, Luke Andrews. Luke&#8217;s company has recently partnered with a new wholesale lender with some excellent &#8220;out of the &hellip; <a href=\"http:\/\/www.stephaniepassman.com\/blog\/2012\/04\/easier-loan-packages\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[8,19,18,15],"_links":{"self":[{"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/posts\/181"}],"collection":[{"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/comments?post=181"}],"version-history":[{"count":2,"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/posts\/181\/revisions"}],"predecessor-version":[{"id":257,"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/posts\/181\/revisions\/257"}],"wp:attachment":[{"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/media?parent=181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/categories?post=181"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.stephaniepassman.com\/blog\/wp-json\/wp\/v2\/tags?post=181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}