From: ammy@smpfs.com (Pacific Bancorp Mortgage Lenders)
Newsgroups: alt.building.realestate
Subject: I want you to know that you do not need a down payment, and that you can finance the closing costs at a very low rate.
Date: 13 Aug 2004 14:38:19 -0700

I want you to know that you do not need a down payment, and that you
can finance the closing costs at a very low rate.
We use your decent credit and not your perfect credit, we are human
and we have structured some "Human" programs to suit your needs.

Attached you will find a proposal with different mortgage products for
a new mortgage.

"Come by and simply grab the key!!!"
Our 103% mortgage.
My clients love this one, because, you save your money for the moving
costs that you will incur for moving out of your existing rental and
be able to do it, all on your own!!!

The Rate?

Starting is 5% for a 103%

The loan would look like this:
Home Value is $215,000.00
You need 100% financing plus the cost of closing,
appraisal,insurance,taxes and survey that will be required by the
lender for the new property.
Solution, I provide you with this new loan.
$221,000.00 to cover down payment and closing costs.
Interest Rate 5%
Monthly Payments $1,188.79
That is a real solution and not a dream.
Now, look at the other programs, if you do not need assistance with
the closing costs or money for repairs to move in.

The best option would be an interest only program.

The interest only program will allow you to pay more towards your
interest, enjoy a low, low rate as well as build equity in your home
faster.


Interest Only Payment 10 Years with the mortgage amortizing after the
10 years to a normal mortgage payment of principal and interest.
Basically, this means the mortgage rate stays the same but your
payment will increase.
Loan Amount $140,000.00
Interest Rate 4.25%
Interest Only Payment $495.83 (Anything that you send above this
payment will be applied towards the principal)
Interest with Principal Payment $838.47 (Great Program for a second
home or for investors)

Total amount towards principal $342.64

 

Interest Only 10/1 with the mortgage becoming adjustable after the
first 10 years.
We call this one our asset manager. Simple interest only! 
-Rates as low as 3%
-No Teaser Rates, based on WSJ Prime
-Revolving Line of Credit
-Purchase or Cash out Refinance
-No seasoning on refinance
-Cash out to 1 million
-Stated Income Loans up to $600,000.00
-NO MI, NO Escrows, No Prepaid Interest
-Investor Loans up to $650,000
-100% Loan to Value Program with Rates starting at 4.25%

 

Fleibility and Control Over Your Monthly Payments

The Asset Manager's interest-only, variable-rate loan lets you choose
between several options:

 

Option One

Improve Your Cash Flow With Low Monthly Payments

With the Asset Manager Mortgage, your monthly payments are
dramatically reduced through interest-only payments (for the first ten
years), no mortgage insurance premiums, and no required escrow
withholdings or reserves. The Asset Manager could save you hundreds of
dollars every month!

 

Option Two

Save on Interest Charges by Paying Your Mortgage Off Early

If you choose to make the same payment you would have made on a
traditional loan, you'll find that The Asset Manager greatly
accelerates your pay-off, sometimes by years! Your savings in interest
expenses over the life of the loan could be significant.

Ask your Macquarie mortgage broker to show you how quickly you can pay
off your home loan.

 

Option Three

Make Flexible Payments as Circumstances Change

With The Asset Manager, you can pay extra in the months you have
available, then drop back to our low minimum monthly payments when
necessary. This option protects your family in the face of changing
circumstances, and it is especially helpful to borrowers with seasonal
or varying income, such as teachers, salespeople, or the
self-employed.

 

So, whether you're looking for low monthly payments, an early pay-off,
or the ability to make flexible payments, The Asset Manager can meet
your needs!

 

The Asset Manager combines tried-and-true elements in a unique way to
create a new approach to home financing in America.

But this is not an approach without a proven track record.

One-third of all loans in Europe use the same approach as The Asset
Manager.

 

Flexibility And Control Over Your Home Equity

The Asset Manager's Home Equity Line of Credit (HELOC) truly does
allow you to manage your assets, assets that are tied up under
traditional loans.

 

With the Asset Manager You Can:

-Have easy access to your home equity, just by writing a check.

-"Borrow" from your home equity without the cost of hassle of
refinancing.

-Make draws, with no transaction fees and no limit on the number of
transactions.

-Easy consolidate your debts.


The selection is vast and we are heer to assist with any and all
questions that you may have about your new mortgage.
If there is anything that I may be of assistance, for this new
mortgage. Even, if you have questions, contact me anytime at the
numbers indicated below.

Ammy Kogan 
Loan Officer 
Pacific Bancorp Mortgage Lenders 
7245 N.W. 54 Street 
Miami, Florida 33166 
(305) 863-2226 extension 102 
(305) 863-2227 fax line 
1-877-224-3421 extension 102 toll free 
http://www.geocities.com/fmortgages
E-Mail ammy@smpfs.com 
Now offering 100% Foreign National Mortgages of between 90 and 100%!!!
We are the only lender doing 100% foreign national mortgages