Tag Archives: Refinance


Home Affordable Refinance Quiz

 Do you live in the home you’re trying to refinance?

  1. Yes
  2. No                               Answer can not be no


Have you been past due on your mortgage within the last 12 months?

  1. Yes
  2. No                               Answer can not be yes


Is the loan owned or guaranteed by Fannie Mae or Freddie Mac?

  1. Yes
  2. No                               Answer can not be no


Is the loan you’re trying to refinance the first lien?

  1. Yes
  2. No                               Answer can not be no


Calculate the loan-to-value (LTV) ratio.


Outstanding loan balance $ __________

Home’s estimated current value  $ ____________

        **The LTV amount for your first mortgage, is limited up to 105%; of the current appraised market values, not to include your second loan. The second loan will be re-subordinated and applied..  The process is truely a value add if you are looking for payment relief; rate reduction; and/or the combination of both? The process is relatively easy and low in cost to research. The application process does have fee’s associated and will be applied to your loan with a immediate out of pocket up front cost of $25.00…


            Your Loan LTV ratio on your first loan, is:   ______


            The next step is to gather information about your mortgage and your finance that you’ll need in order to get help from your servicer or a housing counselor.


Contact me (Calvin), today for your personalize consultation and pre-approval…


Calvin Kyles, Origination/Broker

Sunset Mortgage Co

503-975-2769 Direct


 www.sunsetmortgageco.com Referral Code 482  

Follow my Blog’s:  https://mortgagesnow.wordpress.com


Mortgage Rate(s) March 29th, 2009 – 4.88% PARR w/ 5.125% APR…

In our worst market you can now get a bit of relief… With the government buy up the bad loans and completing its stimulus recovery. Families now have the opportunity in saving there homes. April 4th, 2009 Fannie Mae will deliver its “Home Affordable, guideline(s)” which are to allow those in need of refinancing; but suffer from lost of job or other finance etc, to do so. They will be offering two methods to the borrower, so let’s be basic today:

1. Modification 2. Refinance –

#1. will help through you bank and/or Non-profit entity which you have contacted and begun the application process with;

#2. will work through your Broker of choice… This is recommended, as your broker/bank has the abilities to research and cultivate a loan that would be more viable to the individuals lending needs. Conventional Lending Institutions only have one source of guideline – being there own and can not move beyond there limits. A brokerage firm, in high standings with the ability to complete Government and/or FHA Lending in house or through its resources can deliver multiple option(s) from several different financial resources. Having the ability to manage the resource to fit the clients needs is what makes the Brokerage use in programs and/or lender guideline(s), worthwhile. What makes this a benefit to me is that the Brokerage Firm “Sunset Mortgage, Co.” has lending relationships with both conventional and independent lender who are ready and willing to review my file and its performance potentials…

Remember your Broker is only as good as the client allows… Even with all the knowledge, he still need me to deliver all the correct documents in a timely manner, in order for my goals to be met…

The other great situation with lending today: The First Time Homebuyer Tax Credit – this is an incentive for 2009; and will allow for the purchaser of there new home to deduct as much as $8000.00, in the first year. If your tax liability in the first year is only $6000.00; this is what is called a “refundable credit” and the IRS will deliver the purchase the $2000.00 difference. If you are a Buyer or Realtor refer to the IRS Tax Liability Table… Both the Buyer and Realtor will have a reason to become motivated throughout the Buying and selling process..

I know that there will be other question(s) that arise… So, let’s talk. The Home Affordable, program is coming soon. It is expect to have a completion time of 4 to 6 weeks and get longer if you wait to submit your documents to us..