Jordan D. Sweatt

Actively hiring processors - Contract Ok - Please message me for details.Actively hiring processors - Contract Ok - Please message me for details.

Mortgage rates are at an all time low. Don’t let the few day downward trend in stocks distract you - stocks will soar back, but the bond will stay low for mortgages. #mortgagemaster #mortgage #homeloan #refinance #purchase #FHA #VA #conventional #hardmoney

#MortgageMaster #Mortgage #Realty #OrangeCounty #California #FHA #VA #Conventional #BankStatements #StatedIncome #HardMoney #InvestmentHome #PrimaryHome #Condo #SingleFamilyResidence #Purchase #Refinance

From now until February 28th I will cover your appraisal cost! #Mortgage #MortgageMaster #Purchase #Refinance #InvestmentProperty #SinglefamilyHome #Condo #CashOut #FHA #VA #Conventional #BankStatements #StatedIncome #Realty #OrangeCounty #California

MORTGAGE RATES: The big news...the Fed announced yesterday that they will purchase as much US debt as necessary to stabilize the economy. This will include buying lots of mortgage debt, which should help keep mortgage rates low for some time. PAYMENT DEFERMENT: Fannie Mae and Freddie Mac plan to initiate a mortgage forbearance program allowing some borrowers relief of up to 12 months of mortgage payments. The plan will reduce, or delay payments, and will depend on the bor...rower's loss of income during the COVID 19 outbreak. Important to note that this does not eliminate the debt payments. It only defers them. Borrowers should continue to make their usual payments until granted the relief. This plan will not affect the borrower’s credit. Do not stop making payments!! For more information, contact your current servicer. APPRAISALS: Fannie and Freddie are changing the requirements for physical inspections for some appraisals. If an appraiser cannot go inside the home for any reason, they will allow desktop and exterior-only appraisals on primary residence purchases and second homes/investment purchases with 15% down or more. VERIFICATION OF EMPLOYMENT: Fannie Mae and Freddie Mac came out with guidelines yesterday that allow for more flexibility and alternatives in verifying employment for customers whose workplaces are temporarily closed. They also allowed for some flexibility for those on leave but did caution lenders to use their best judgement when making loan decisions to ensure the borrower clearly has the ability to repay the loan. CONGRESS STIMULUS AND RELIEF BILL: Congress is currently in a stalemate over the administration's proposed stimulus plan. Democrats don’t believe it has enough direct funding for relief for workers. Some economists have said it’s also not substantial enough, despite being over $1 trillion. Although it’s expected they will find common ground very soon, maybe even later today, this debate will continue to affect markets. NON QM AND JUMBO LOANS: Due to extreme market volatility, most Non QM and, even some jumbo lenders, have suspended all loan applications, locks, closings and funding's at this time. Non QM loans are non-traditional loans like bank statement loans, no doc investment loans and some other asset based loans. These loans are not backed by Fannie Mae and Freddie Mac, nor the government, so many loan investors have pulled the plug, or substantially raised the rates, out of economic uncertainty.

With all of the uncertainty outside our doors from COVID- 19... All of the volatility in our stock market and economic growth All of the anger and fear regarding loss of income for many people across our sectors... Right now is the last opportunity for many people to access the equity in their house to: Supplement their income Pay off debt Continue to invest in their business And access capital before it’s gone. Message me while rates are still historically low and equity/loans are still available. #MortgageMaster #Mortgage #Equity #Refinance #CashOut #Selfemployed #FHA #VA #Conventional #HardMoney #COVID19 #StockMarket

Mortgage Rates Hit Lowest in History! Here is the link to the online application: https://lnkd.in/gihhRsY. If you can help me out and complete that form to the best of your ability, that will expedite the process. Select my name from the loan officer drop down: Jordan Sweatt.... We can also do the application over the phone if preferred. Here is what I need:(select what pertains to you) -30 days of pay stubs -Two most recent years of W-2/1099 forms -Two most recent years of 1040 Federal income tax returns -Two most recent years CORPORATE tax returns (all pages including K1’s) -Most recent award letter showing fixed income amount (SSI, SSDI, Pension, Retirement) -Two most recent bank statements (All pages, even if blank. PDF is preferred) -Most recent mortgage statement (all properties) -Homeowner’s Insurance declaration page and HOA statement (if applicable) all properties -Copy of state ID/driver’s license Thank you and feel free to reach out with questions or concerns. Best regards, Jordan D. Sweatt | Sr. Mortgage Banker Since 2002 NMLS# 366794 - 1626788 (949) 382-1421 Direct | (805) 904-7220 Cell | (949) 382-1421 Fax 27271 Las Ramblas #150, Mission Viejo, CA 92691