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 recently had a client who had been turned down by one of the Big Banks because they were told the income on their tax
returns was not high enough to qualify for a Jumbo loan. They had found their dream house and had assumed that since they had a sizeable
amount of money with their bank and had been with that bank for years that qualifying would not be an issue. After getting into contract on a
home with the banks pre-approval letter they found out 7 days into escrow that they were now declined.
SOLUTION: After doing an initial phone call with the clients and reviewing their income tax returns we realized that the issue they
were running into was because their 2018 tax returns showed lower income compared to 2019 tax returns. After looking at the overall
amount that they wanted to finance and the property's purchase price we were able to come up with a solution. We were able to utilize
a conventional loan as a 1st mortgage as well as an equity line of credit as a 2nd mortgage to finance the amount they needed. We were
able to do this because in many cases conventional loans only require one year of income tax returns to be analyzed for qualifying. Our
clients are now the proud owners of their new home all because we took the time to fully analyze their situation and thoughtfully search
for solutions. While most banks view the mortgage process as a yes or no equation, we believe that as a mortgage planning practice our
job is to create a path to homeownership while providing strategic advice along the way.
310.607.0131
