Joe Schmitz's (joeschmitz) Blog

I just wanted to let everyone know what kind of great commercial loan products I'm offering:  •·       High LTVs for owner occupied buildings!•·       Unsecured Business lines of credit•·       Financing for ALL property types:                                                          Leisure/Mix ...

Well once again the rates have gone down a little bit more. I've noticed that business is definitely picking up. Can't be sure if its because of the better rates, but they sure don't hurt the market. I guess we'll have to wait and see if these keep coming down. The 10 year bond is extremely low t...

As I sit and look at the jumbo rates right now. It doesn't look to good for the high end market. The recent credit crunch has forced lender to raise rates on anything they can't sell off to Fannie mae or freddie mac. We need the conforming loan limit increased as the rates aren't very affordable ...

For those of you living under a rock. The feds cut rates today by 1/2%, which is even a larger cut then expected. In response the conforming rates have already started to come down. Now the big question is, what will this do to our market? Well that depends on how far rates fall. With money being...

Well we're doing commercial loans now! Here's a look at what we've got:$100K to $25 million loan amounts nationwide. No Appraisal Cost. Apartments 5+ Units, Mixed Use, MH Parks, Office Buildings, Office Condo, Medical Condo, Medical Buildings, Light Industrial, Retail, and Warehouse. 75% LTV's wi...

Well as many of you may know fractional sales are now popping up here in Hawaii. As the market changes so must we. That's why I now offer a program for fractional sales. Like conventional mortgages these loans are 30 years amortized with interest only options and much more. If you have any questi...

I strive to give the best possible service to both realtors and their clients, but don't take it from me this is what other agents have to say:____________________________________________________________________________________________________________"I have worked with dozens of lenders over the...

My Investment Loans allow investors flexibility with their money. My 100% financing options keeps investor's money in their pocket, where they want it! No prepayment penalty option available. One loan no MI available with interest only option at 100%LTV. All programs allow a 3% credit for closing...

I have just had some new programs made available to me. Sub 500 FICO score on stated income to 70% LTV foreclosure bailout. As a last resort to foreclosure these programs may work for people. As ARMs are adjusting and rates are going up mortgage payments will rise and people won't be able to hand...

I have a program that just became available to me where I can streamline refinance (rate and term) a client out of their adjustable rate etc. with a FICO score as low as 560! I'm not sure how long this will last so please let me know if you or anyone you know would be interested. Remember when I ...