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REALTOR'S UPDATE
The strength of Cobalt Financial Corpoation
Many Realtors are finding themselves dealing with short sales and foreclosure/bank-owned properties. To help you get the most out of your lender and to serve your Buyer fully, I've added some helpful tools to my web site on the Realtor's page. Helpful Tools
Recent trends in the market can be challenging, however we are finding success writing mortgages. Perhaps we can be of help to you or someone on your team. We specialize in fast approvals and can even help with FHA and VA issues.
Of course we also offer conventional loans to 95%. Contact us for FICO score requirements on these loans HERE.
CURRENT RATES:
FHA and VA
4.75% - 30 year fixed - 5.325% apr
Conventional
4.875% - 30 year fixed - 5.217% apr
RENTAL/INVESTMENT PROPERTIES
New changes you need to know...
In regards to rentals, 99% of our lenders have put a new guideline into effect immediately. If your client owns a home and is buying a new home, he or she must have a minimum of 25% equity in the home they are renting. Otherwise the lender will make them carry both debts and not allow any rental income. To get more information on these changes, contact me at (760) 522-6678.
TAKE ADVANTAGE OF THE WINDSOR EDGE
Strong sourcing helps YOU!
Our unique environment at Cobalt Financial Corpoation allows me the ability to offer Instant Online Written Approval, Not just pre-qualification. You can also submit your borrower's Good Faith Estimate (GFE) and I will beat it. How's that for a challenge.
Cobalt Financial Corporation is approved with over 250 lenders. Cobalt Financial is set up with the latest internet technology for direct online submissions to banks for loan approval. This means we are able to provide the client with an actual D/U approval same day.
Take advantage of our competitive EDGE and contact me today for your lending services. Whether you have a pending transaction or simply need information for the future - I'd love to hear from you. |