Refinance at Low Rates 85%, 90%, 95% Loan to Value Ratios, LTVs - Murrieta, Temecula Valley

Refinance at Low Rates 85%, 90%, 95% Loan to Value Ratios, LTVs - Murrieta, Temecula Valley, throughout California

One of my clients, Chrissy A., bought a foreclosure home in Murrieta, CA, as the market dropped through 2008.  She had a 20% down conventional loan.  The home price continued to drop just enough that it was no longer an 80% loan-to-value, while purchase interest rates dropped over 2% from when she purchased.  She checked whether I could do refinance loan with less than 80% loan-to-value ratio.  I could. 

Chrissy's loan would have worked to reduce her monthly payment if her LTV came in at 95%; at a higher interest rate to cover the Lender Paid Mortgage Insurance, LPMI, which can be bought out by the rate so there is no monthly Mortgage Insurance, or MI, component in the monthly payment.  Fortunately, the appraisal came in above where current comparable sold prices were - as home prices in Murrieta and Temecula have stabilized and indeed started to creep up - putting the loan-to-value ratio at 85%!  So Chrissy got her foreclosure-priced home along with an even lower mortgage payment, taking advantage of two of the major economic trends out there: low home prices from forced sales and extremely low interest rates.  She is choosing to bring in her prepaids (e.g., taxes that she'd have to pay to the county anyway, and insurance) to get the rate even lower.

Do you know someone who could benefit from these trends?  Please have them call me and see how we can help.

Lisa Delzompo (951-704-4559)

"May your home always be too small ... to hold all your friends!"

Is your home getting too small?  Need a FREE Home Valuation?  Preparing to Sell a Home?  Click here to submit a form online, or Call Frank at 951-326-7330 for a free consultation.

CA Dept of Real Estate, Real Estate Broker License #01379811;

NMLS Identifer #331744

REAL ESTATE:  www.SandToSeaProperties.com.  Covering northern San Diego, Oceanside, Temecula, Murrieta, Riverside County and desert areas of Yucca Valley, Joshua Tree and Twentynine Palms, CA.

LOANS:  PRW Lending, Inc. Call direct 951-704-4559, or email me at lisa(@)sand2sea.us  

 

 

 

 militarybyowner ad of sandtoseaproperties

Information is deemed reliable but is not guaranteed. Information is general and may not address your particular situation.  Do not rely solely on this or any information you find on the internet.  You should consult relevant professionals directly about your real estate, financial, etc., situation. 

Find me on Google+

Find me on Google+

Comment balloon 0 commentsLisa Delzompo 951-704-4559 • October 14 2010 09:56AM
Refinance at Low Rates 85%, 90%, 95% Loan to Value Ratios, LTVs -…
share
Refinance at Low Rates 85%, 90%, 95% Loan to Value Ratios, LTVs - Murrieta, Temecula Valley, throughout California One of my clients, Chrissy A., bought a foreclosure home in Murrieta, CA, as the market dropped through 2008. She had a 20%… more
Bed & Breakfast (B&B) Giveaway for Military Veterans
share
Bed & Breakfast (B&B) Giveaway for Military Veterans - www. bnbsforvets. com is offering veterans a free night's stay Nov. 10, 2010, at over 600 bed & breakfasts. Check out which B&Bs are still available Hey, Marine Corps! The… more
Power of Attorney (POA) Rules for Loans, Mostly VA
share
Power of Attorney (POA) Rules for Loans, Mostly VA When I was getting into doing loans, a mentor told me to keep a notebook of "Things I Know" to combat the feeling of not knowing anything. That was three years ago, and it… more
Camp Pendleton and Twentynine Palms VA Compromise Sales: Will VA…
share
There are more than just "short sale" and "foreclosure" options for military personnel who own a home that is "upside down" or "under water. " The latter two terms mean, the owner of the home owes more… more
CalHFA First-Time Homebuyer Program - Overview
share
This is a good summary of the CalHFA First-time Homebuyer Program, which we at PRW Lending can do on homes in California. We are located in Riverside county, in Murrieta, in case you or your client likes to come by with documents rather than do… more
Copper Canyon Pool Home Back on Market! Near Cole Canyon Under $300k
share
Copper Canyon Pool Home Back on Market! Near Cole Canyon, Under $300, 000 Lovely on a quiet tree-lined street is "back on the market" subject to cancellation of current escrow. Prior buyer's failure to perform is your… more
Bank Owned REO Home for Sale in Winchester - Adeline's Farm
share
Bank Owned REO Home for Sale in Winchester -Adeline's Farm This is a lovely home on a quiet, tree-lined street in Adeline's Farm, Winchester. 4 Bedrooms, 3 baths per awesome listing agent Kellee Spillman's notes (thank you, Kellee, for… more
Compton CA Horse Property - Los Angeles Area Horse Property Series
share
Compton CA Horse Property - Los Angeles Area Horse Property Series This just in about a well-kept secret for horse property and Los Angeles area horse lovers, from the Sand to Seas Properties "Horse Properties Gal, " Tammy… more
Bank-owned REO Home for Sale in Temecula Paloma Del Sol
share
Bank-owned REO Home for Sale in Temecula Paloma Del Sol You can tell from the photo that the home needs some TLC, at the least in driveway and in the front yard. First time homebuyers should have a great interest in this home, as this kind of… more
Murrieta Bank-Owned REO Home on Robards - Heritage at the Oaks -…
share
Murrieta Bank-Owned REO Home on Robards - Heritage at the Oaks - Tovashal Elem, Thompson Middle, Murrieta Valley High Lovely home for sale on a quiet tree-lined street in the "Heritage at the Oaks" development, connected to the MVUSD… more