FHA and Investor Specialist

Whenever you see a newscast about the cost of housing on the East Coast, New York is inevitably mentioned.  We are pleased to announce that we have entered into a broker capacity to offer Super Jumbo Loans in select counties within the State of New York.  The lending areas are primarily the five boroughs of New York plus Rockland, Suffolk, Westchester and Nassua  Counties.*  These programs are available for both purchase money and refinance transactions.

Rather than review specific guidelines, just know to contact me to review a scenario for your Super Jumbo financing needs! 

Highlights of this program include loans from $1,000,000 to $5,000,000 with a typical loan to value ratio of 70%*.  Investors: programs are available for those who currently have more than 4 financed properties.  End Investor exceptions are possible for loans up to $10,000,000 with a strong financial background on a case by case basis only.*

Many Manhattanites move out to Westchester County when starting a family, etc., and this is a perfect program to help you buy the home of your dreams!

Typical minimum FICO scores of 680/700 and debt ratios of 42%.*  Full Doc loans only*.  Reserve requirements vary, but are expected to be ample.  12-24 Months of mortgage payments in savings after closing are a typical minimum requirement.*

Common sense lending for Super Jumbo loans in select areas of Metropolitan New York City, including Westchester County!*

Michael Byrne

908-531-6170

www.refi-fhasecure.com

www.mortgageprosofrum.com

 *subject to change without notice by end lender.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

More Ct. Super Jumbo Loan Programs

Delaware Jumbo Loans

New Jersey Jumbo Loans

As usual, when I make my UFC picks, I am lucky to hit 50%.  Keep your day job is probably another thought that crosses one's mind.  Maybe it's a good thing no one reads this portion of my blog.  My hope is that there are some MMA fans with a need for Super Jumbo Mortgages in New York State or Staten Island, or want to peruse my Recent Blogs about Bi-Weekly Mortgages. Well it's time to review my recent picks and look at the real outcomes in italics, with the original picks first:

Main Event: Patrick Cote vs. Anderson Silva 185lb. Title.  Can Cote shock the world?  Considering Cote has losses to 2 previous victims of Anderson Silva, I think not.  Silva via TKO, Rd. 1.  Actual outcome: Silva TKO Rd. 3, due to a knee injury to Cote. I thought Cote really showed his mettle, but regardless of the injury had little for Silva except a great chin and heavy hands.

Josh Koschek vs. Thiago Alves, 170 lb. Bout.  For some reason I dislike guys(like Alves) who don't make weight.  I think Kos surprises and wins this one by KO in Round 1, faking a shot and throwing a power right hand. Alves via decision, 3 rds. Alves shows why he cuts so much weight: he nullified Kos's takedown attempts and destroyed Kos's legs with his muay thai skills. Kos was hurt in every round and showed tremendous heart.

Gray Maynard vs. Rich Clementi., 155 lb. Bout.  Maynard may be one of the toughest guys to have a tramp stamp.  Maynard grinds out a decision victory over a game Clementi, who just misses the chance at several subs. Well, this actually went as I predicted: Maynard by Decision.

Fabrcia Werdum vs. Dos Santos, Heavyweight Bout.  Werdum earns the right to challenge for a title with a sub in Rd. 2.    Dos Santos TKO, Rd. 1.  Werdum came in fat-256lbs when he has fought in the 230's previously.  Dos Santo trains with Anderson Silva, and it showed.

Sean Sherk vs. Tyson Griffin, 155 lb. bout.  Upset of the night.  Griffin drops Sherk with a well timed knee in the second rd, and follows up with a TKO victory. Sherk 3 rd Decision.  Sherk is a tough dude and grinded out a victory on sheer toughness, conditioning, and will over a game Tyson Griffin.

Watch a great undercard bout: look up the Dan Miller vs. Matt Horwich bout.    

My Site

Outside blog . 

Michael Byrne

We are pleased to announce that we have entered into a broker capacity to offer Super Jumbo Loans in Staten Island, as well as all the 5 Boroughs of New York and some surreounding counties. *

Highlights of this program include loans from $1,000,000 to $5,000,000 with a typical loan to value ratio of 70%.  Subject to final investor underwriting guidelines. 

Typical minimum FICO scores of 680/700 and debt ratios of 42%.  Full Doc loans only. 

Other niche products available to consumers in Staten Island and the surrounding area include programs for those who have more than 4 financed properties currently as well as some other interesting niche products for investors and multifamily property owners.

Common sense lending for Super Jumbo loans in Staten Island!

Michael Byrne

www.refi-fhasecure.com

www.mortgageprosforum.com

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

More Ct. Super Jumbo Loan Programs

Delaware Jumbo Loans

New Jersey Jumbo Loans

Whenever you see a newscast about the cost of housing on the East Coast, New York is inevitably mentioned.  We are pleased to announce that we have entered into a broker capacity to offer Super Jumbo Loans in select counties within the State of New York.  The lending areas are primarily the five boroughs of New York plus Rockland, Suffolk, Westchester and Nassua  Counties.*  Rather than review specific guidelines, just know to contact me to review a scenario for your Super Jumbo financing needs! 

Highlights of this program include loans from $1,000,000 to $5,000,000 with a typical loan to value ratio of 70%*.  Investor exceptions are possible to $10,000,000 with a strong financial background on a case by case basis only.*

Typical minimum FICO scores of 680/700 and debt ratios of 42%.*  Full Doc loans only*.  Reserve requirements vary, but are expected to be ample.

Common sense lending for Super Jumbo loans in select areas of Metropolitan New York City!*

Michael Byrne

908-531-6170

www.refi-fhasecure.com

www.mortgageprosofrum.com

*Subject to final investor underwriting guidelines. Lending area subject to change without notice.  Offered as mortgage broker.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

More Ct. Super Jumbo Loan Programs

Delaware Jumbo Loans

New Jersey Jumbo Loans

Virginians, tired of seeing your mortgage balance staying the same?  One way to pay down a 30 Year Mortgage much more quickly is to opt for a Bi-Weekly mortgage payment.  Although results may vary, using a Bi-Weekly payment on a 30 Year Mortgage typically will pay off a 30 year mortgage in just under 24 years.  What people rarely tell is how and why this works.

The reason for this is simple math: there are 52 weeks in a year.  Now you have made 26 1/2 payments for the year.  Now look at the math: 26 times .5 = 13 total payments.  I have always told people that if they want to accelerate their mortgage payoff, that they could always make 1 extra payment per year to make some headway.  In my 18 years of looking at credit reports, I can count on 1 hand the number of people who have actually paid down their debt accordingly willing and of their own volition.

At Gateway Funding, we have a great bi-weekly mortgage program available in the State of Virginia.  We have very competitive rates and this program is available for both Conforming and Jumbo loans in the following markets: CT, DE, MD, NJ, NY, PA and VA.   The minimum credit score is 680, and we can offer*:

 Purchases: 95% to $417,000

                  90% to $650,000

                  80% to $750,000

                  75% to $1,000,000 

 Cash-out refinances:  90% to $417,000

                                 80% to $750,000

                                 75% to 1,000,000

Once again, if you want to accelerate your payment of your mortgage debt, a biweekly option may be for you.  15 and 20 options are available as well for the bi-weekly program.

Michael Byrne

908-531-6170

outside blog

my site

* Single Family Owner Occupied Only see below.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

We are pleased to announce that we have entered into a broker capacity to offer Super Jumbo Loans in select counties in Connecticut.  The lending areas are primarily Fairfield, Litchfield, and New Haven Counties.*  Rather than review specific guidelines, just know to contact me to review a scenario for your Super Jumbo financing needs! 

Highlights of this program include loans from $1,000,000 to $5,000,000 with a typical loan to value ratio of 70%*.    

Typical minimum FICO scores of 680/700 and debt ratios of 42%.*  Full Doc loans only*.

Common sense lending for Super Jumbo loans in select areas of Connecticut!

Michael Byrne

908-531-6170

www.refi-fhasecure.com

www.mortgageprosofrum.com

*Subject to final investor underwriting guidelines. Offered as mortgage broker.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

As usual, when I make my UFC picks, I am lucky to hit 50%.  Keep your day job is probably another thought that crosses one's mind.  Remember, you get what you pay for, and these picks are free. With EliteXC going down like a(insert your own phrase here), the UFC is chugging along with another Card.

Main Event: Patrick Cote vs. Anderson Silva 185lb. Title.  Can Cote shock the world?  Considering Cote has losses to 2 previous victims of Anderson Silva, I think not.  Silva via TKO, Rd. 1. 

Josh Koschek vs. Thiago Alves, 170 lb. Bout.  For some reason I dislike guys(like Alves) who don't make weight.  I think Kos surprises and wins this one by KO in Round 1, faking a shot and throwing a power right hand.

Gray Maynard vs. Rich Clementi., 155 lb. Bout.  Maynard may be one of the toughest guys to have a tramp stamp.  Maynard grinds out a decision victory over a game Clementi, who just misses the chance at several subs. 

Fabrcia Werdum vs. Dos Santos, Heavyweight Bout.  Werdum earns the right to challenge for a title with a sub in Rd. 2.

Sean Sherk vs. Tyson Griffin, 155 lb. bout.  Upset of the night.  Griffin drops Sherk with a well timed knee in the second rd, and follows up with a TKO victory.

There you have it.  Thoughts? 

Michael Byrne

www.mortgageprosforum.com

www.refi-fhasecure.com

Delawareans: tired of seeing your mortgage balance staying the same?  One way to pay down a 30 Year Mortgage much more quickly is to opt for a Bi-Weekly mortgage payment.  Although results may vary, using a Bi-Weekly payment on a 30 Year Mortgage typically will pay off a 30 year mortgage in just under 24 years.  What people rarely tell is how and why this works.

The reason for this is simple math: there are 52 weeks in a year.  Now you have made 26 1/2 payments for the year.  Now look at the math: 26 times .5 = 13 total payments.  I have always told people that if they want to accelerate their mortgage payoff, that they could always make 1 extra payment per year to make some headway.  In my 18 years of looking at credit reports, I can count on 1 hand the number of people who have actually paid down their debt accordingly willing and of their own volition.

At Gateway Funding, we have a great bi-weekly mortgage program available.  We have very competitive rates and this program is available for both Conforming and Jumbo loans in the following markets: CT, DE, MD, NJ, NY, PA and VA. 

In the Delaware market, New Castle, Kent and Sussex Counties are eligible for financing.  The minimum credit score is 680, and we can offer*:

 Purchases: 95% to $417,000

                  90% to $650,000

                  80% to $750,000

                  75% to $1,000,000 

 Cash-out refinances:  90% to $417,000

                                 80% to $750,000

                                 75% to 1,000,000

Once again, if you want to accelerate your payment of your mortgage debt, a biweekly option may be for you.  Bi-weekly payment options are also available for 20 and 15 year terms as well.

Michael Byrne

908-531-6170

outside blog

my site

* Single Family Owner Occupied Only see below.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Tired of seeing your mortgage balance staying the same?  One way to pay down a 30 Year Mortgage much more quickly is to opt for a Bi-Weekly mortgage payment.  Although results may vary, using a Bi-Weekly payment on a 30 Year Mortgage typically will pay off a 30 year mortgage in just under 24 years.  What people rarely tell is how and why this works.

The reason for this is simple math: there are 52 weeks in a year.  Now you have made 26 1/2 payments for the year.  Now look at the math: 26 times .5 = 13 total payments.  I have always told people that if they want to accelerate their mortgage payoff, that they could always make 1 extra payment per year to make some headway.  In my 18 years of looking at credit reports, I can count on 1 hand the number of people who have actually paid down their debt accordingly willing and of their own volition.

At Gateway Funding, we have a great bi-weekly mortgage program available.  We have very competitive rates and this program is available for both Conforming and Jumbo loans in the following markets: CT, DE, MD, NJ, NY, PA and VA.  The minimum credit score is 680, and we can offer*:

 Purchases: 95% to $417,000

                  90% to $650,000

                  80% to $750,000

                  75% to $1,000,000 

 Cash-out refinances:  90% to $417,000

                                 80% to $750,000

                                 75% to 1,000,000

Once again, if you want to accelerate your payment of your mortgage debt, a biweekly option may be for you.

Michael Byrne

908-531-6170

outisde blog

my site

* Single Family Owner Occupied Only see below.

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender.  © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Well, UFC 89 will be underway in England tomorrw and will be broadcast free on Spike TV.  It will not be a live telecast due to time zones.  I probably will not be able to stay off of the internet before then, so I will make my predictions for the main fights now:

Michael Bisping vs. Chris Leben: Bisping via cut stoppage, 2nd round.  I have come to like Leben, but think he gets outclassed here by Bisping.

Brandon Vera vs. Keith Jardine: Vera takes this to the ground and subs Jardine in the 1st Rd.  Jardine's go for broke style is awesome in that he has wins over Liddell and Forrest Griffin(the lightheavy champ and ex-champ), yet is 2-2 in his last 4 UFC fights.

Sokoudjou vs Luiz Cane: Sok gets the Ko in Rd. 1 

Marcus Davis vs. Paul Kelly:  Davis takes this to the ground and gets a sub in rd. 2

 Akihiro Gono vs. Dan Hardy: Gono by sub Rd. 1

Shane Carwin vs. Neil Wain: Carwin by being a giant freak in Rd. 1

We'll see how it goes.  I am wrong more than right, so I adopted a new method of predicting: I just winged it.

Michael Byrne

www.mortgageprosforum.com

www.refi-fhasecure.com