Ken discovered the Mortgage Reel when searching for information on the “Home Affordable Program.” Please click the video below to view Ken’s comments. Thank you Ken.

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Testimonial from Ken Roth, California

Title: We’ll Be There, The SEATTLE HOME SHOW
Location: Qwest Exhibition Center
Link out: Click here
Description: The Mortgage Reel Team will be at Seattle Home Show, stop by and say hi at our both located at the Washington Association of Mortgage Brokers.
Start Time: 10:00
Date: 2009-02-15
End Time: 14:00

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

We’ll Be There, The SEATTLE HOME SHOW

Twitter.com allows the Seattle Mortgage Reel to instantly update rates, impacting news, and more. Within seconds you too will receive the news via email, texting, etc. Please sign up and follow TheMortgageReel today!

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Follow The Mortgage Reel on Twitter.com

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

What is the Mortgage Reel?

Conventional Guidelines:

*Owner occupied home

*Credit score of 740 or higher

*Single family residence (non condo)

*Purchase or Refinance with 25% down or equity (20% or less is available under different pricing guidelines)

*Full document (income & asset documentation required)

*Rates based on 45 day lock

*No rate lock fee

*No prepayment penalty

*Impounds included (property taxes & insurance)

*Fixed loan terms or Adjustable Rate Mortgage

 ARM Consumer Handbook

Government Guidelines:

*Owner occupied home

*Credit score of 640 or higher

*Single family residence (Condo is available)

*Full document (income & asset documentation required)

*Rates based on 45 day lock

*No rate lock fee

*No prepayment penalty

*Impounds included (property taxes & insurance)

<p>

Non-Conventional Guidelines (Jumbo Financing)

*30yr Fixed Loan

*Owner Occupied Home

*Credit Score of 720 or higher

*Single Family Residence (condo financing is available, contact us for pricing)

*Full Document (Income, Asset, Bank Statements, Tax Documents)

*25% Down Payment (Attached 2nd Mortgage is available)

*Example Loan Amount $1M (Available Loan amount up to $1.5M)

*Rates based on 30 day lock

*No Rate Lock Fee

*No Pre-Payment Penalty

*Impounds included (ask about waiving)

<p>

Jumbo Arm Financing

*5yr or 7yr Arm Home Loan

*Owner Occupied

*Credit Score of 740 or higher (660 minimum)

*Single Family Residence (condo financing is available, contact us for pricing)

*Full Document (Income, Asset, Bank Statements, Tax Documents)

*30% Down Payment

*Example Loan Amount $1M (Available Loan amount up to $3M)

*Rates based on a 30 day lock

*No rate lock fee

*1yr Prepayment penalty

*No impounds

*Fixed loan terms

Post from: The Mortgage Reel - Seattle Real Estate Preferred Correspondent Lender

Interest Rate Scenario