December 11th, 2013 2:44 PM by Eric Fang
I am doing lots of pre-approval recently.I sent out 7 of them. And we will share withyou with some of the findings.
1)We have very good Jumbo ARM rental rateif LTV <=50%. You may not believe it, the rateis only 3%.
2)We can do loans for the property with garage conversion. We just closed one transaction last month.And my borrower submitted offer for another one today.
3)For interest rate, it is going up and down.But this is within the trading range. But I do not expect the rate going much lower from here.Conforming 30 yr fixed 4% no closing cost ratemight be history.
4)I will start my first running after the SundayMarathon race. My legs feel fresh again. But I willnot do Thursday morning tempo runs. But I will do my Saturday morning 10 mile run(again).
After the big achievement this Sunday. I think I shouldbe qualify boston soon. My plan is to improve myspeed of 10 seconds per year for the next 3 years.So I would qualify Boston at age of 50. Is not it thewonderful gift for myself?