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About Me
- RichFP
- Fee-only investment manager, financial planner, and Scottish terrier owner (Abby and Arlo). My goal is to help you bridge the gap between where you are and where you want to be with planning that is customized to your personal situation. My clients and I work as partners to design a life plan that combines the clients' values, dreams, and financial resources. In 2006 and 2007 I trained with the Kinder Institute earning the Registered Life Planner certification. >> Any communication with prospective clients residing in jurisdictions where ICM is not registered shall be limited so as not to trigger registration requirements. This medium is limited to providing you with general information and does not offer to provide personalized advice. Past investment performance does not insure future results. Investing in the stock and bond markets is risky and principal, income, expenses, taxes, inflation, exchange rates, and total return fluctuate so an investment when redeemed may be worth less than its original cost. Nothing contained herein is to be construed as legal, accounting, or tax advice.
we're looking to refi as well, and are seeing rates somewhat lower. we are now at 5.25, and thinking of going for a fixed 30, consider fixed 15 if there's at least 30-35 basis points difference.
ReplyDeleteHave you heard any problems with the online only mortgage providers (AIM, for example)?
I don't know of any issues with online mortgage providers. Here's a list of local brokers on our referral list (reminder - we receive nothing from these sources):
ReplyDeleteMORTGAGE LOAN OFFICER:
Lisa Melby
Purchase, Refinance, Home Equity, Investment, and Second Homes
408-483-4731
Firestone Financial Group
4010 Moorpark #218
San Jose, CA. 95117
408-273-6506 FAX
lisamelby@sbcglobal.net
Todd Flesner
Stern Mortgage Company
638 Middlefield Road, Palo Alto, CA 94301
650-322-7277
Toddular@aol.com www.sternmortgage.com
Rick Southern
MetLife Home Loans
4300 El Camino Real, Suite 100
Los Altos, CA 94022
650-559-5536
rsouthern@metlifehomeloans.com
Maria Guardado
TurnKey Mortgage Solutions
2542 S. Bascom Ave, Suite 203
Campbell, CA 95008
408/377-TURN
maria@turnkeyms.com
Grayson Williams
Lawson & Associates
Pruneyard Tower One
1901 S. Bascom Ave. Suite 1600
Campbell, CA 95008
408-583-3233
grayson@lawsonhomeloans.com
George Remsberg & Patty Hensley
30 Whitney Street
Los Altos, CA 94022
650.917.6688 x215 (and x 210 respectively)
gremsberg@divcap.net
phensley@divcap.net
www.georgepattyteam.com
What is the limit for the "high balance conforming category" nowadays?
ReplyDeletethe liming for high balance conforming is 729,750. the limit for normal conforming is 417,000.
ReplyDeleteCurrent rates (Week of May 4, 2009):
Conforming Loans < $417,000
30 Year Fixed 4.75%, 1 Points
15 Year Fixed 4.5%, 1 Points
High Balance Conforming Loans >$417,000 - $729,750
30 Year Fixed 5.25%, 1 Points
15 Year Fixed 5.0%, 1 Points
Jumbo Loans > $729,750 +
30 Year Fixed 6.75%, 1 Points
Shop around, you may be able to beat these rates. BTW I don't see how these rates can get much better!