Nevin Williams,FHA,VA,Jumbo broker CA,OR,WA,NC

I was hanging out at my favorite watering hole, Peet's Coffee in La Jolla

when I overheard a couple discussing their difficulty in obtaining reasonable rate quotes for their jumbo loan which inspired me to write this blog.

If you live in La Jolla, Carlsbad, Oceanside, Encinitas, Fallbrook, Poway or San Marcos and need a mortgage loan you're in luck!

Being a California resident most of my life (moved around a bit!) with a good portion of that time in Carlsbad I understand high cost of living challenges that San Diegans have. That is why I am happy to roll out the following products -

JUMBO mortgage loans up to 90% with NO mortgage insurance aka PMI!

Refinance up to 125% of your home's value.

Home renovation mortgage loans up to 95% of your home's value.

VA, FHA, we do these too. A lot of them actually!

We're the largest mortgage brokerage in the United States & we have nearly every product imaginable.

If you having trouble finding a good rate on a jumbo loan in La Jolla, Del Mar or Encinitas we can help!

If you need a conventional loan in Carlsbad, Fallbrook or Poway we can help!

If you want a VA or FHA loan in Oceanside or San Marcos we can help!

What makes us different-

If you are a large bank you only have a few products and a lot of overhead. Advertising is usually the biggest expense accounting for up to 1/3 of a company's revenue. Big banks we all know of, have their name plastered on the side of a sports stadium in various parts of the country, TV ads, newspapers.

Guess who's paying for that?

If you're a typical broker you have several banks each with a few products.

If you choose to use our company we have over 300 banks and lending institutions including our own bank!

This is why we get it done when others can't. Not convinced? You can contact our references to verify.

If you're tired of being turned away then call us. We have money to lend.

A mortgage broker serving Carlsbad and surrounding areas.

First Priority Financial

has a system for their loan officers that automatically provides updates to the listing agent, selling agent, title and escrow officer, borrower and even the seller during a home purchase. This way all parties are aware of the progress of the loan during the transaction.

First Priority Financial is the largest mortgage brokerage in the US which results in discounted services and lower wholesale rates from the banks we do business with. This means our customers get an ever better rate with less fees than most other lenders can offer.

BE ADVISED

If you use a bank don't expect them to return your calls in a timely manner. When you complain they will ask you to log on to their customer no service webpage where you'll be greeted by:

We serve residents of La Jolla, Encinitas, Carlsbad, Oceanside, Poway, Fallbrook, Bonsall, Del Mar and San Marcos with all of their mortgage financing needs.

Apply Today!

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

We are a mortgage broker servicing North Carolina, California, Oregon and Washington. Our corporate office is headquartered in Fairfield California, in business since 1977.

Licensed to brokerloans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

Nevin's CA DRE Lic#01366552 FPF CA DRE Lic#00654852

Below are the mortgage rates for California but I am specifically focusing on San Diego County.

The MBS market didn't do so hot today. It was flat until around 3:45 when there was a sell off. Mortgage rates will likely be higher Monday morning.

We have Jumbo loans up to 90% with no PMI. Call us for rates.

Have a nice weekend everybody!

Mortgage Interest Rates for Fixed Rate Mortgages*

Rates as of Friday, 23rd October, 2009: Conforming Term Rate APR Payment $1000

Term Conforming APR Payment per $1,000 Jumbo APR Payment per $1,000 30-Yr. fixed 360 4.75% 4.922% $5.22 Call 0.000% $0.00 15-Yr. fixed 180 4.25% 4.545% $7.52 for 0.000% $0.00 7-Yr. fixed ARM 360 4.00% 4.165% $4.77 jumbo 0.000% $0.00 5-Yr. fixed ARM 360 3.75% 3.912% $4.63 & 0.000% $0.00 10 Yr. fixed ARM 360 4.375% 4.543% $4.99 FHA 0.000% $0.00 5-Yr. Interest Only 360 3.875% 4.038% $3.23 Rates 0.000% $0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Certain credit requirements and other conditions apply. This is not a guarantee to lend. Rates based on a 12 day lock period and a minimum loan amount of 185,000. Credit determination must be made prior to approving rate. Equal opportunity lender. CA DRE Lic.#01366552 FPF CA DRE Lic#00654852 Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101 OR ML3337 WA 510-MB-30588-51099 A mortgage broker serving Carlsbad and surrounding areas. First Priority Financial has a system for their loan officers that automatically provides updates to the listing agent, selling agent, title and escrow officer, borrower and even the seller. This way all parties are aware of the progress of the loan during the purchase transaction. First Priority Financial is the largest mortgage brokerage in the US which results in discounted services and lower wholesale rates from the banks we do business with. This means our customers get an ever better rate with less fees than most other lenders can offer. BE ADVISED If you use a bank don't expect them to return your calls in a timely manner. When you complain they will ask you to log on to their customer no service webpage where you'll be greeted by: All of this technology is used to provide a better experience for my customers and saves them thousands of dollars. What technology do you use for the benefit of your customers? Apply Today! Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans. We are a mortgage broker servicing North Carolina, California, Oregon and Washington. Our corporate office is headquartered in Fairfield California since 1977. Licensed to brokerloans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more. Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise! Send us an e-mail with the city and state. nevin@nevinloans.com You may also call us at (888) 206-5781 My extension is 1017 Nevin's CA DRE Lic#01366552 FPF CA DRE Lic#00654852

It's amazing to me that in this day and age of technology how many loan officers do not make the investment into technology that could save their clients thousands of dollars

and save everybody time.

There are a few places a loan officer can go to sign up and pay for a service to alert them of rate changes. Essentially, It's real time trading of mortgage backed securities to help the loan officer decide when to lock or when to float a rate. The one I choose to use is TBWS Rate Alert because I believe it to be the best and most comprehensive alert program in market. It also includes an economic calendar that tells me when economic reports are due that could infuence mortgage rates.

When used properly it can save your client thousands of dollars and also increase your profits. A great example is a loan I just finished for a customer in California with a large loan amount. By using my rate alerting service I floated his rate knowing that rates would likely drop. As a result he saved over $5,000 in costs and secured a lower rate than we had initially discussed. This isn't magic and it isn't rocket science, it's using technology to provide "Service".

The use of Facebook and other social media is at the forefront these days when it comes to real estate and lending. But I rarely hear about the technological support items we use so here are a few I like to use: I've been using this for years, electronic signatures known as Suredocs by Alamode.

This allows me and my customers to electronically sign all loan documentation on their computer without ever having to print paper or use a pen.

The lenders we use are also important. The primary lender I like to use has "paperless" technology. The customer arrives at closing and with the click of a mouse they sign all of their loan documents. We have a banking relationship with them so we also get to draw loan documents from our corporate office saving us precious time during the loan process. Using this lender and the electronic signature technology I closed a purchase loan in less than 2 weeks.

I also utilize Loan Toolbox for my customers and referral partners. Quarterly newsletters and breaking news updates keep my referral partners and customers informed of financial and mortgage news that can affect them. It also includes templates that I use to design open house flyers to assist my referral agents in promoting their listing.

Craig Rutman Kim Carlson Kevin Cooper Jenni Clark Carla Muss Jacobs

Raleigh NC San Diego CA Sacramento CA Astoria OR Portland OR

I use Jing for my screen capture and it's free.

I use Box.net for securely sending sensitive information via e-mail and it's Gramm Leach Bliley compliant.

I use Yugma for screen sharing and webinars which is also free.

Can't find that e-mail? Arrgghhh I hate it when that happens! No worries, Xobni is free and you can find e-mails instantly!

Totally off the subject.....

Can't get much closer to 50,000 points now can I?

Back to items that cost money

PB Next allows me to have a toll free number that works as an e-fax, has multiple extensions, hold music, records conversations and forwards calls to each user's cell phone or other number when not in the office.

I only use my website to generate new business. Why?

Taking this concept from a leading Active Rain member

Diane Aurit,

The Active Rain blog is much more useful than a traditional website because it is constantly updated. Many websites contain old outdated information. Diane brought this fact to my attention and made me place more emphasis on my blog. Thanks Diane! Visit her blog by clicking her photo.

New lending rules that affect the customer can be sent immediately by posting a link on Twitter, Facebook or by me recording a personal video relating to the new changes and sending the link via e-mail using the cutting edge technology of TBWS video hosting.

First Priority Financial

has a system for their loan officers that automatically provides updates to the listing agent, selling agent, title and escrow officer, borrower and even the seller. This way all parties are aware of the progress of the loan during the purchase transaction.

First Priority Financial is the largest mortgage brokerage in the US which results in discounted services and lower wholesale rates from the banks we do business with. This means our customers get an ever better rate with less fees than most other lenders can offer.

BE ADVISED

If you use a bank don't expect them to return your calls in a timely manner. When you complain they will ask you to log on to their customer no service webpage where you'll be greeted by:

All of this technology is used to provide a better experience for my customers and saves them thousands of dollars. What technology do you use for the benefit of your customers?

Apply Today!

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

We are a mortgage broker servicing North Carolina, California, Oregon and Washington. Our corporate office is headquartered in Fairfield California since 1977.

Licensed to brokerloans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

Nevin's CA DRE Lic#01366552 FPF CA DRE Lic#00654852

You heard it right: You can buy a California home with little down and no PMI! What's the catch? There isn't one. Fannie Mae is not in the business of being a landlord or property owner. Due to the housing crisis they have an inventory of foreclosed properties that they need to remove from their books. To help facilitate this need they have designed a special loan called Homepath financing. If you qualify you can buy a Fannie Mae owned home with little down and no mortgage insurance aka PMI.

FEATURES AND BENEFITS

* Low down payment.

* You may qualify even if your credit is less than perfect.

* Available for primary residences, second homes and investment properties.

* Down payment can be funded as a gift, a grant, or a loan from a nonprofit organization, state or local government or employer.

* No mortgage insurance.*

* No appraisal required.

FLEXIBLE TERMS

* 10-, 15-, 20-, 25- and 30-year fixed rate.

* Adjustable rate options available.

* Interest-only options available.

ELIGIBLE PROPERTY TYPES**

* 1- to 4-unit properties.

* Condominiums.

* Planned unit developments (PUDs).

* Modular homes.

*Ask about cost details on loans without mortgage insurance. **Geographic and unit restrictions apply. The property must be designated on HomePath. com as eligible for HomePath financing. Programs available only to qualified borrowers. Programs subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply. HomePath is a registered trademark of Fannie Mae. 1009

Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review.

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

We are a mortgage broker servicing North Carolina, California, Oregon and Washington. Our corporate office is headquartered in Fairfield California since 1977.

Licensed to brokerloans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

Nevin's CA DRE Lic#01366552 FPF CA DRE Lic#00654852

If you have been looking to refinance to renovate your home but are being told you are limited to only 85% for a cash out refinance on an FHA loan, have no fear! A homestyle renovation program from Fannie Mae allows you to combine the cost of the home with renovation/remodeling costs and finance it all in one loan. If you qualify you can borrow up to 95% of your home's value for renovation!

PROGRAM SUMMARY:

The Fannie Mae HomeStyle Renovation program allows borrowers to combine

the purchase or refinance of a home with the costs to renovate or extensively remodel the property. At

closing all funds for renovation will be escrowed in an interest earning account. After all renovation

work is complete, any remaining funds in the renovation escrow account will be used to pay down the

principal balance of the mortgage. Soft costs such as architectural services, engineering and permit

fees may be financed. Full builder third-party contracts only.

TERM:

15 or 30 years.

FOR PROJECT/RENOVATION COSTS UNDER $80,000:

No builder review with our builder is necessary. Project review must still be completed and a copy of the

builder's contractor license and liability insurance must be submitted with project review.

• $515 for one draw.

• $630 for two draws.

• $745 for three draws.

• $150 for final inspection.

• $150 for final title update.

FOR PROJECT/RENOVATION COSTS OVER $80,000:

Both Builder and project review/approval will be required:

• Loans up to $150,000: $1,050 with three draws.

• Loans $150,001 - conforming loan limit: $1,350 with five draws.

• Additional draws: $175 per draw (# of draws is fixed prior to closing).

• Final inspection fee included in above price.

PROPERTY TYPES

• One- or two-unit site-built homes.

• Modular homes (constructed in sections off-site, but when installed at the site, takes on the

characteristics of a site-built home).

• PUDs (Fannie Mae-warrantable).

• Condominiums (Fannie Mae-warrantable).

• Manufactured homes are not eligible.

MINIMUM CREDIT SCORE

PRIMARY RESIDENCES AND SECOND HOMES:

• LTV greater than 80%: 700 minimum credit score.

• LTV less than or equal to 80%: 680 minimum credit score.

INVESTMENT PROPERTIES:

• Salaried borrowers: 720 minimum credit score

• Self-employed/commissioned borrowers: 740 minimum credit score.

Alternative credit histories are not acceptable.

Our services include personal budgeting, financial planning, retirement planning strategies and real estate contract review.

Calculators, current rates, buying a home, refinancing, VA, FHA, USDA, Conventional and Jumbo loans.

We are a mortgage broker servicing North Carolina, California, Oregon and Washington.

Licensed to broker loans with over 300 lenders including Bank of America, Wells Fargo, Citimortgage, Met Life, Fifth Third Bank, Flagstar, ING,Luther Burbank, Provident, Suntrust, US Bank and many more.

Find a home with our network of professional real estate agents interviewed and selected for their extensive knowledge and expertise!

Send us an e-mail with the city and state. nevin@nevinloans.com

You may also call us at (888) 206-5781 My extension is 1017

Nevin's NC Lic#I139451 First Priority Financial NC Lic# B-146523-101