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  • March 7, 2008 at 6:45 PM #12026
    Mean Reversion
    Participant

    Now that the credit markets are happily seized up, anyone know where the best lenders/rates are for jumbo (>$1M) mortgages?

    I’m looking to get a prequal and wondered if anyone could point me in the right direction.

    March 7, 2008 at 10:24 PM #165920
    eagleeye
    Participant

    I just went through this process a few days ago. Navy Federal qualified me. Rates rose significantly this week but I don’t think they’ll stay up this high. NFCU required a LTV no greater than 75% and 12 months of reserves.

    I also spoke with a mortgage brokere who wasn’t able to find an investor willing to fund a loan of that size in California with a LTV above 70%.

    Things just seem to get worse by the day.

    March 7, 2008 at 10:24 PM #166239
    eagleeye
    Participant

    I just went through this process a few days ago. Navy Federal qualified me. Rates rose significantly this week but I don’t think they’ll stay up this high. NFCU required a LTV no greater than 75% and 12 months of reserves.

    I also spoke with a mortgage brokere who wasn’t able to find an investor willing to fund a loan of that size in California with a LTV above 70%.

    Things just seem to get worse by the day.

    March 7, 2008 at 10:24 PM #166246
    eagleeye
    Participant

    I just went through this process a few days ago. Navy Federal qualified me. Rates rose significantly this week but I don’t think they’ll stay up this high. NFCU required a LTV no greater than 75% and 12 months of reserves.

    I also spoke with a mortgage brokere who wasn’t able to find an investor willing to fund a loan of that size in California with a LTV above 70%.

    Things just seem to get worse by the day.

    March 7, 2008 at 10:24 PM #166250
    eagleeye
    Participant

    I just went through this process a few days ago. Navy Federal qualified me. Rates rose significantly this week but I don’t think they’ll stay up this high. NFCU required a LTV no greater than 75% and 12 months of reserves.

    I also spoke with a mortgage brokere who wasn’t able to find an investor willing to fund a loan of that size in California with a LTV above 70%.

    Things just seem to get worse by the day.

    March 7, 2008 at 10:24 PM #166337
    eagleeye
    Participant

    I just went through this process a few days ago. Navy Federal qualified me. Rates rose significantly this week but I don’t think they’ll stay up this high. NFCU required a LTV no greater than 75% and 12 months of reserves.

    I also spoke with a mortgage brokere who wasn’t able to find an investor willing to fund a loan of that size in California with a LTV above 70%.

    Things just seem to get worse by the day.

    March 7, 2008 at 10:50 PM #165940
    SD Realtor
    Participant

    I agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.

    SD Realtor

    March 7, 2008 at 10:50 PM #166259
    SD Realtor
    Participant

    I agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.

    SD Realtor

    March 7, 2008 at 10:50 PM #166266
    SD Realtor
    Participant

    I agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.

    SD Realtor

    March 7, 2008 at 10:50 PM #166269
    SD Realtor
    Participant

    I agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.

    SD Realtor

    March 7, 2008 at 10:50 PM #166357
    SD Realtor
    Participant

    I agree with you eagleeye… It is really tough out there. I have a few brokers that I have recommended to people for some of these jumbos and they are getting done but yeah things are really tight right now.

    SD Realtor

    March 8, 2008 at 7:48 AM #165985
    rbeast
    Participant

    Don’t know if you had chance to speak with John Simon of Pacific Capital (Rich’s associate)?? He steered me to San Diego County Credit Union. I closed last week on an excellent loan – my wasn’t jumbo though.

    I’d check with John – his email address is on another thread!

    March 8, 2008 at 7:48 AM #166304
    rbeast
    Participant

    Don’t know if you had chance to speak with John Simon of Pacific Capital (Rich’s associate)?? He steered me to San Diego County Credit Union. I closed last week on an excellent loan – my wasn’t jumbo though.

    I’d check with John – his email address is on another thread!

    March 8, 2008 at 7:48 AM #166311
    rbeast
    Participant

    Don’t know if you had chance to speak with John Simon of Pacific Capital (Rich’s associate)?? He steered me to San Diego County Credit Union. I closed last week on an excellent loan – my wasn’t jumbo though.

    I’d check with John – his email address is on another thread!

    March 8, 2008 at 7:48 AM #166315
    rbeast
    Participant

    Don’t know if you had chance to speak with John Simon of Pacific Capital (Rich’s associate)?? He steered me to San Diego County Credit Union. I closed last week on an excellent loan – my wasn’t jumbo though.

    I’d check with John – his email address is on another thread!

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