Mortgage rates could change daily. Actual payments will vary based on your individual situation and current rates. Some products may not be available in all states. Some
jumbo products may not be available to first time home buyers. Some restrictions may apply. Based on the purchase/refinance of a primary residence. Credit and collateral
subject to approval. Loan to value, debt to income and cash-out restrictions may apply. Programs, rates, terms and conditions subject to change without notice. Please
remember that we don't have all your information, so this does not constitute a commitment to lend. Therefore, the rate and payment results may not reflect your actual
situation. To get more accurate and personalized results, please call (800) 357-4077 to talk to one of our mortgage bankers. Watermark Home Loans 100 Spectrum Center
Dr Ste 150, Irvine, CA 92618-4964 DRE License Number 01523306 NMLS ID: 1838 Regan Hagestad: NMLS 57351 Matthew Disalvo NMLS 1416809
RECENT LOAN SUCCESS STORY
CHALLENGE: We received a phone call from a client who has been looking for a new home for over a year without any luck. They finally
found the perfect home but the lender they had been working with informed them that they would now need to put 30% down compared to
the 20% they had previously been pre-approved for. They were also told that they may need to move some funds over to that bank even after
they made the larger down payment. With the Banking industry's response during the COVID-19 crisis we are getting more and more calls
like this from clients that were fully pre-approved only to find out now that something has changed.
SOLUTION: As a Mortgage Planning practice with access to a variety of investors on the secondary market we were able to utilize a jumbo
program that only required 20% down and did not have any requirements to move assets over to a bank after closing. We were able to pick
up where the other lender left off and fully pre-approve the clients so they could get their offer turned in. We were also able to do it in a
way where the clients could write in a 10 day loan contingency period and a 21 day close of escrow. This ended up being the deciding factor
when the sellers reviewed offers and now our clients are the proud owners of their dream home. By having access to multiple Jumbo loan
programs and the experience to utilize them correctly we are able to help our clients secure financing for their homes even when other
banks and lending institutions are not.
310.607.0131
