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5/20/ 2008
Great news , If you have a interest rate of 6.5% or higher , I can refinance your mortgage , and save you money every month , with a $495 CLOSING COST LINE OF CREDIT up to 90% to $500,000 , at prime minus .25%= 4.75% ( This is a variable rate, interest only payment ).
Your final rate will be determined by your credit score . Minumum score is 640 . The borrower has to has to show income documents. The mortgage also has an fixed rate option conversion feature, that can lock in your rate , at no cost . Furthermore this program can also be used for an regular equity line, 2nd mortgage . Another benefit is for borrowers with Jumbo mortgages.
For example , If you have a $500,000 to 900,000 first mortgage at a rate of 6.375% or higher , I can refinance you home the following way .
1. First mortgage at 5.875% 30 yr fixed for $423, 000 with regular closing about (1.25% of loan amount ) and then followed by a
2. No closing cost Equity line at 4.75% ( The equity line is interest only , and variable ) up to $500,000
Please email me your scenario or call me at 954 682 5933 as soon as possible. 640 score will get you 90% financing on a primary residence . We can finance a second home up to 80% , and an investment property up to 75% .
Regards ,
Warren Factor
President
The Discount Mortgage Store , Inc
Licensed Mortgage Brokerage Business
email warren@dmstore.com
website www.dmstore.com
Tel 561 732 4434
Cell 954 682 5933
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