Rates in the next 10-12 months
What is your current loan amount? If it is under $417,000 - you can lock into a comparable rate for 30 years but you will lose the interest only payment option.Bryan WilsonPresidentMagellan Capital Group & Assoc.BBB Triple A rated 949-533-9333

final approval question
Typically you need to show you have the down payment if your account for 60 days from a lending standpoint unless you are using a gift fund program that allows funds from a relative.If you would like a more detailed second opinion from a 20 year loan officer - please contact me at 949-533-9333.Bryan...

We have a small office in Santa Ana, 2700 SqFt
If you can get the mortgage payment in a range that is affordable is will always be a benefit to purchase vs. renting given future appreciation, add'l tax benefits, etc.Bryan WilsonPresidentMagellan Capital Group & Assoc.949-533-9333

What kind of 5/1 rates are out there? Our loan is jumbo about 630K. Tell me if there are any points also.
If you have to capability to bring in some cash to keep loan amount under 625,500 - you can get 4.5% assuming you have great credit, the equity required with .50 points and approx. $3100 third party closing costs for a non cash out refinance. 45 day rate lock included.Bryan WilsonPresidentMagellan Capital...

Is it better to have the same person do the real estate and loan transaction?
I do nto thik that is legal with the Department of Real Estate but it may be as long as he / she recommend you shop with other sources and some other rules apply.

Retired Person
Please call me to cover this scenario in more detail so I can maybe help with an idea or two.949-533-9333 Bryan Wilson Owner Aliso Niguel Mortgagee

Underwater 1st home - Buying another
I will inquire about this with a few of my lenders and get back to you!Regards,Bryan Parks Wilson - Senior Mortgage Consultant Magellan Capital Group / Aliso Niguel Mortgage Phone 949-533-9333 Fax 949-215-1753CA DRE License #01235901 NMLS # 2031 & 8955Better Business Bureau...

Self Employed Mortgage - Questionss
I agree with what was posted earlier. You need two year's filed returns so lender can average for income,