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 call from a family who had recently moved out of state, however they wanted to buy an
investment property in the South Bay that down the road they will use as a 2nd home. They had been told that Jumbo
loans on investment properties required much more down and some banks just told them they were not doing investment
property mortgages in the current market. Of the lenders who could do Jumbo Investment Property Loans the interest
rates were so high that it no longer made sense to keep as a rental property which led them to think this may not be the
best idea.
SOLUTION: After finding out that their primary home was owned free and clear as well as their overall asset structure
we were able to help them purchase a $2.800,000 home with $1,000,000 down and finance $1,800,000. We broke the
loan apart by doing a cash out refinance on their primary home for $1,000,000 so they could get the tax deduction and
then structured a $800,000 mortgage on their new investment property. This allowed both mortgages to have interest
rates that were more favorable which in turn made the rental income a positive cash flow. By looking at the entire
picture we were able to achieve our clients short term and long terms goals. Our clients are now the proud owners of a
great rental asset that will eventually become their winter home without having to sacrifice other investments or their
new mortgage terms.
310.607.0131
