Rate Alert on Jumbo Loans

RATE ALERT…RATE ALERT…RATE ALERT

Jumbo Portfolio Rates

Up to $1Million > $1 Million
30 Yr Fixed 4.45% 4.65%
10/1 Yr ARM 3.90% 4.10%
7/1 Yr ARM 3.50% 3.70%
5/1 Yr ARM 3.15% 3.35%
3/1 Yr ARM 2.45% 2.65%
1/1 Yr ARM 2.20% 2.40%

 

 

 

 

 

 

*Add 20 bps in TX and NM

• Purchase and Refinance available > $417,000+
• Cash out is available
• 80% loan to value to consolidate 1st and 2nd
mortgages in CA, FL, MI, NV, and AZ
• 90% loan to value to consolidate 1st and 2nd
mortgages in all remaining states

For complete product guidelines / restrictions / current rates please contact Don at (417) 844-5370 or fill out our contact form.

Stand Up America – Your Country Needs YOU!

Nov 2, 2010 Elections - Your Vote CountsWell, tomorrow is November 2, 2010 and most Americans know this is a very crucial time for our Country’s future. As millions head to the polls tomorrow to cast their vote we must ask ourselves one thing, what kind of legacy do we want to leave for our children and our children’s children?

I can think of no other time in my life that a midterm election seems so important. Usually when we think about a midterm election, actually come to think about it most of us probably don’t think about midterm elections. They usually have very low turn-outs and people don’t seem very concerned about them. But that does not seem to be the case this time around.

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A Bargain Market For Home Buyers

Guest post by Gary Busker, a Realtor with Murney Associates in Springfield, MO

Foreclosure Properties, in Springfield, MOSome call it a buyer’s market; I call it a bargain market. With the large inventory of short sales and foreclosures available, affecting property values and low interest rates, it is an amazing time to buy a home. Even with economic fears it should be noted that there is no documented case in US history of the Real Estate Market staying down over five years.

Buying a home today is a great way to invest in the future. The terms Foreclosure and Short Sale have flooded the media lately yet the understanding of them is vague. Though they can be great bargains there are a few things a buyer needs to know before shopping and purchasing one.

[Read more...]