DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.
Issue link: https://www.southbaydiggs.com/i/1395083
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: One of our clients who has been fully pre-approved for almost a year contacted us and explained how frustrated they were due to the lack of inventory and that the homes they have seen were not what they were looking for. Over this past year prices have increased and they were concerned that they were getting priced out of the market. There were a couple of homes they loved but the price was 20% more and they thought their payment would go up to an uncomfortable level. SOLUTION: After hearing their story we found out that they were comfortable paying more for a home, they had the money for a down payment on a larger home, but they were concerned about increasing their monthly budget. They have young children and didn't want to feel stretched on a monthly basis or have to make any life sacrifices just to pay their mortgage. They were also planning on making this new home their long term home and a place where they would be until after their kids were out of high school. We updated some loan options and they realized that a 30 Year Fixed Interest Only loan was going to be a perfect fit for them at a higher price range. They would be able to increase their purchase price to offer on one of the homes they loved, they had the security of a fixed rate for the long term, but they also had the flexibility to just pay interest on a monthly basis for the first 10 years if they wanted to keep their monthly budget comfortable. Our clients are now the proud owners of their new home because as a mortgage planning practice we offer creative products, advice and solutions compared to most lenders that just provide debt. 310.607.0131