People, cheers (Said in an English accent. A bad one).
It's Friday. I'm hungry and tired. I ain't doing it! I'm giving the keys to my good friend Sam Gardner at Gardner Mortgage.
Hit me up for anything, 619-507-7449.
Greetings from scenic Mission Valley,
First off, I want to say that I do not intend to write my updates on a weekly basis (although, some might say, regardless of frequency, they are done weakly). The information below warranted this latest missive and will hopefully benefit many stranded on the sidelines who have been unable to refinance.
Freddie Mac has announced a new program designed to help those without sufficient equity to refinance their mortgages. Fannie Mae has a similar program but it is limited to loans they service (roughly 10 -15% of the people I checked on). Freddie Mac's new 'Open Access' program was designed to help families unable to refinance due to low appraised values. This program will allow homeowners to borrow up to 105% of their homes value with very competitive rates (below 5.0% as of this morning!)
To qualify for either program, the current loan must be serviced by either of the two above entities. You can't pay-off an equity line or second mortgage (loans can be subordinated) or pull cash-out but this program works with primary residences, rental properties and vacation/2nd homes!
Again, not everyone will qualify for these programs but it's quick and easy to check to see if you take advantage of historically low rates and a rebound in the housing market. You can check to see if you qualify by clicking on these links FreddieMac or Fanniemae. It's super simple to do or email me and I'll check it out and let you know if either program works for you.
In closing I really want to thank everyone once again for all of your referrals. As I've said before, referrals are the life-blood of my business and I truly appreciate your telling friends, neighbors and co workers about Gardner Mortgage. Thanks.
Sincerely,
Sam Gardner
Please pass this information along to anyone who might benefit from either of these programs.
Gardner Mortgage Inc.
2667 Camino Del Rio South #106
San Diego, Ca. 92108
Office (619) 497-6125
Cell (619) 804-2417
The best compliment I can receive is a referral to your friends and family!
Friday, May 21, 2010
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