RPM IS BRINGING PIGGY BACK!

By
Mortgage and Lending with RPM Mortgage, Marin County, CA CA BRE: 01297944
http://actvra.in/FxX
RPM Mortgage in California
CALIFORNIA PIGGYBACK MORTGAGES
 

I will be available this weekend to assist with your pre-approvals, offer letters and home loan questions. If I can be of service, feel free to reach me on my cell phone at 415-367-5959, or by e-mail at rspinosa@rpm-mtg.com.

WE'RE BRINGING PIGGY BACK!

I always said that we'd know when housing (and home financing) was turning a corner when we started to see program availability expanding instead of contracting. So here we are halfway through 2012 and at least we have regained access to affordable and efficiently processed piggyback loans.

RPM is pleased to announce the addtion of our piggyback HELOC program, which will permit:

  • Combined liens of up to $1,000,000 with a loan-to-value max of 85%.
  • Combined liens of up to $750,000 with a loan-to-value max of 89.99%.

Real Estate professionals, if you have buyers looking to put down 10% to 15% who wish to avoid PMI in jumbo scenarios OR who don't want the mortgage insurance and impound requirements of an FHA loan, this solution is ideal.

Call me for details or scenarios --- even over the weekend. Next up stated income? OK, that may be pushing our luck....

Have a great weekend!

 
For specific pricing on your scenario, or to get pre-approved without obligation for any loan product, you can:

To learn more about the loan process and get fast answers to some of the most common home finance questions, you can view Rob's short, educational videos on YouTube by clicking HERE.

 

Google+

 

Robert J. Spinosa

Home Loan Professional
DRE: 01297944 NMLS: 22343

1058 Redwood Highway

Mill Valley, CA 94941

877.270.5959 Toll Free
415.367.5959 Cellular
415.366.1590 eFax
rspinosa@rpm-mtg.com


 

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Topic:
Mortgage / Finance
Location:
California
Groups:
Realtors®
Posts to Localism
Active Rain Newbies
Addicted to Active Rain
BananaTude
Tags:
conforming
heloc
junior lien
loan to value
ltv
loantovalue
combined loantovalue
second mortgage
piggyback
home loan
mortgage

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Ambassador
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Debbie Reynolds
Your Dedicated Clarksville TN Real Estate Agent
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730

Rob, This is great news that the market may be opening up a little. Thanks for sharing.

July 27, 2012 05:25 PM
Rainmaker
248,126
Rob Spinosa
Marin Mortgage Broker
RPM Mortgage, Marin County, CA

Every little bit helps, Debbie.  And not too long ago, the reintroduction of second mortgages seemed like an impossibility, so this is definite progress.

July 28, 2012 08:52 AM
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Rob Spinosa

Marin Mortgage Broker
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Additional Information

REX Homebuyer Participating Lender

80-10-10 Loans

What Happens if My Appraisal Comes in Low?

Can I Get a Cosigner on a Mortgage?

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