Mike’s Real Estate Show

Rates as of 5/4/07

The Fed will be meeting next Wednesday and releasing a new policy statement.  It doesn’t seem likely that any change will be made in the over night rate, which the Prime rate is tied to, but I’ll be listening closely for clues for subsequent meetings and possible rate changes. Please read on..,

Conforming                 fully amortized                        interest only

30 year fixed               6.25 %                                    6.375%

3/1 ARM                     6.125%                                    6.375%

5/1 ARM                     6.125%                                    6.25%

7/1 ARM                     6.125%                                    6.375%

10/1 ARM                    6.25%                                     6.50%

                                    fully amortized                        interest only

JUMBO – up to $650,000; add .25 point for loans up to $1mil

30 year fixed               6.50%                                      6.50%

3/1 ARM                     6.50%                                      6.50%

5/1 ARM                     6.375%                                     6.375%
 
7/1 ARM                     6.375%                                     6.375%

10/1 ARM                    6.50%                                      6.50%

100% financing: Mortgage Insurance may also be an option – here are some possibilities without MI.

30 year fixed – 80/20  - Conforming loan amount on the first6.50% 1st / 9.875% 2nd – assumes 680 credit score and full document loan for 2nd pricing – better score, better pricing on the 2nd

30 year fixed – 75/25 – Conforming loan amount on the first 6.25% 1st / 9.875% 2nd – assumes 680 credit score and full document loan for 2nd pricing – better score, better pricing on the 2nd

Call for information on Blended rate 100% options with No MI.

Other loan options… Don’t forget, I can provide additional loan options, including Alt-A loan products, Option ARMS, the Flexible Hybrid ARMS, Commercial loans, Home Ownership Accelerator Program, Construction Loans, Loans for Investment Property and much more!

Here’s the fine print:

Conforming limit is $417,000.00.  Rates assume impound account set up and except for 100% financing, assumes loan to value (LTV) no more than 80%.  Funds to be used for purchase.  Cash out refinances may incur higher rates.  Rates quoted with a 30 day lock.  Subject to qualifying borrowers and properties.  Rates quoted for fully documented loans.  Rates are as of 5/4/07 and are subject to change.  Rates are quoted WITHOUT points.  Borrowers may buy down the rate.  Each application is evaluated on an individual basis.  There may be better suited programs for borrowers the may offer better rates/terms as well as options for non-qualifying borrowers.

Alicia Hodenfield

Investors Trust Mortgage

Direct line (707) 284-2718

Cell (707) 483-6299

Fax (707) 573-8109

1105 N. Dutton Avenue Suite 200 Santa Rosa, CA  95401

www.aliciahodenfield.com

Licensed by California DRE #01104067/Salesperson License #01501465

“We must learn to live together as brothers or perish as fools.” — Martin Luther King, Jr. 

Oh by the way, if you know of someone thinking of purchasing or refinancing a home, who would appreciate the kind of service I offer, I’d love to help them.  As these people come to mind, just give me a call with their name and number.  I will be happy to follow up and tend to their real estate financing needs.