Browse by Tags

All Tags » First Captial Mortgage   (RSS)
31 July 2009
Lender Questions-My Interview with Dean Wong at First Capital Mortgage
It is with great pleasure to post my Interview with one of my favorite Lenders Dean Wong at First Capital Mortgage. (His contact is at the end of my post). Tom: Hello Dean. How are you doing? Dean: Great Tom Tom: 1).I have heard that there are some changes Read More...
1 Comments  
27 September 2008
Todays Rates
Today's Suggested Purchase Contract Rates for a 30 Year Fixed Rate Mortgage $417,000, Down Payment 3%, Interest Rate 6.250%, Points 1 $417,000, Down Payment 10%, Interest Rate 5.875%, Points 1 $417,000, Down Payment 20%, Interest Rate 5.875%, Points Read More...
0 Comments  
26 September 2008
Lender Interview w/Dean Wong-Part II
My Lender Dean Wong and I sat down for Part II of our Interview on Finance 101: Thomas Ray : How are interest rates figured and how do I compare lender rates? Dean Wong :Rates are determined by the overall economy and supply and demand of money. Best Read More...
0 Comments  
26 September 2008
4.50% Interest Rates?...Multi-Family Rates very good NOW!!
Interest rates remain low for Multifamily permanent loans. Spreads for Fannie Mae financing have for the most part held steady. For Freddie Mac financing, spreads have fluctuated more, but they have done so within a narrow range. Where spreads have widened, Read More...
0 Comments  
25 September 2008
What is an FHA loan and why are they HOT???
11/24/2008 FHA Update: -Down payment is now 3.5% (was 3%) -Minimum FICO score is 580 The FHA was created in the ashes of the Great Depression to boost home buying, but over the years its influence waned. Fannie Mae and Freddie Mac took over market share Read More...
0 Comments  
24 September 2008
FHA loans let you stay liquid...
"A" Paper Borrowers are learning the benefit of going with an FHA loan. The down payment requirement is only 3.5% (as of Oct. 1, 2008) and the Maximum loan for a Single Family Home in Los Angeles, CA is $729,500. This amount allows a good choice Read More...
0 Comments  
16 September 2008
Best time to buy in 35 years..Rates are low!
Money is "Dirt cheap". 5.75% on 30-yr with 0 points.. Per my Lender Dean Wong. Contact Dean Wong Thomas Ray-310-420-1149 www.LAexclusiveProperty.com www.RealEstateBlogLA.com Read More...
0 Comments  
17 July 2008
Focus on the Lender: An Interview w/Dean Wong - First Cap. Mortgage
In an effort to find solutions for my Buyers, I took the time to interview Dean Wong at First Capital Mortgage . I have known Dean for 5 years and have worked with him on many transactions. TOM :First of all Dean, thank you for taking time to chat with Read More...
0 Comments