Financial Update by Maurice Soussé

Interest rates are down by about a .125% over last Friday with the world in upheaval. Is Crimea part of Russia? Did Putin win? If you ask Crimea, the answer is no. If you listen to the Russian radio broadcasts, the annex is as much as finalized. Hmmm… This bit of unrest has the market running to US Treasury bonds again pushing rates down a bit. Good news for us.

I wanted to share a new program with you. One of our programs is for investors who don’t show large income on their tax returns. We can underwrite loans up to $500,000 on investment properties by qualifying the borrower using the income from the subject property only. We will use a commercial types of qualifying to make sure the property will pay for itself, instead of the FNMA method using debt to income ratios. This is available on our portfolio 3/1 and 5/1 ARMS. It is another arrow in your quiver for investors you may have.

Take a look at the 30 year fixed jumbo and conforming loans. The rates are back down again and looking really good. 4.125% for 30 year fixed is quite low. The rate sheets are always at www.avislendingblog.com. Bookmark this site.

Robin Sharma said “We are all here for some special reason. Stop being a prisoner of your past. Become the architect of your future”. Live your live to the fullest each and every day.