PRODUCT UPDATE ALERT!!
Non-Warrantable Condo AND Condotel Financing now available through
First Cal!!- Parameters as follows:
·
Minimum loan amount $100,000
·
Maximum loan amount $3,000,000
·
Primary Residence LTV up to 80%
·
Investment Property LTV up to 60%
·
Condotel LTV up to 75%
***Condo development cannot be in litigation for anything
structurally related.
PRODUCT UPDATE ALERT!!
Foreign National financing now available through First
Cal!!-Parameters as follows:
·
TIN or SSN required
·
50% max LTV (Can be higher if used for vacation purposes)
·
No foreign credit report required
·
Full doc loan. All
documents must be translated to English.
Income and assets converted to U.S. dollars.
Financial Markets
The Dow Jones needle barely budged, and in the past month hasn’t
moved more than 300 pts in either direction.
Friday the Dow dropped 140 pts and ended at 16,361, primarily influenced
by the political volatility in the Ukraine and Vlad Putin’s even more volatile
brain…
The Fannie Mae 4.0 Coupon has been equally flat relatively
speaking, but rallied to go along with the stock market sell-off and improved
by about 40 basis points…So always remember, a crazy Russian Prime Minister
acting crazy often means lower mortgage rates in the U.S.
Southern Nevada Real Estate Related Data
The Shops at Summerlin continue a torrid construction pace and
is set to open before the 2014 holiday season. The Shops at Summerlin is the biggest retail
development in over 30 years, dating back to the Fashion Show mall that opened
in 1981. Plans were recently announced
to build a luxury condo development adjacent to the mall, which is scheduled to
break ground around the time the mall will be opening. http://vegasinc.com/news/2014/apr/23/developers-building-luxury-apartments-next-shops-s/?_ga=1.95634456.564569733.1395507077
For more real estate financing information, please visit my website: http://www.matthewtmaltese.com/home.html
