Income $275K/year ($23,000/month); solid job history (5+ years at present employment)

Assets: $600K liquid cash, stocks; $300K 401K, IRA and Annuities

Loan Amount: $960,000

Property Value: $1,200,000+

LTV: 80%

Good Evening James,

Hope all is well.  Based on the scenario you have provided, I can give you an interest rate of 3.875% on a 30 year fixed with a credit towards closing costs of $1,200.  Feel free to contact me with you have questions or if you would like additional information.  Of course this interest rate is subject to change daily, thank you.

Best regards,

Jamal

I can assist as well with Everbank.  My rates should be between 3.625-3.75% for this purchase on a 30 fixed note with no prepayment penalty. 

720-626-3014

rick.kinzer@everbank.com

NMLS 371799

Thanks Rick Kinzer

Hi James ... I'm just back from enjoying the holidays and saw your post.  Here's today's rate quotes for two of our Jumbo loan programs ...

Our rate quote for today for a Jumbo 7/1 ARM priced for your loan parameters would be 2.875% @ 0 points with a $4,800 lender credit to be used to offset the closing costs.   The APR is 2.875%

Our rate quote for today for a Jumbo 30 Year Fixed priced for your loan parameters would be 3.750% @ 0 points with a $4,800 lender credit to be used to offset closing costs.   The APR is 3.750%

Our Bank also offers a Jumbo 10/1 ARM and 5/1 ARM if you are interested in additional loan program options.

PNC Mortgage offers free no obligation mortgage pre-approvals for home shoppers whom are looking to purchase a home but have not yet settled on a property.  This is a "real" pre-approval that goes through the full underwriting process as opposed to the less reliable "pre qualification" that many lenders issue after a quick review of your qualifications.

My Office is located in Torrance, CA but I work with clients throughout CA.  Thank you!