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A&D Mortgage Launches Temporary Rate Buydowns
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UWM Expands Temporary Buydowns To Jumbo Loans
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Plaza Home Joins Other Lenders Offering Buydowns
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Plaza Home Mortgage Inc., a wholesale and correspondent mortgage lender, has added a Jumbo Preferred Program that features both fixed and adjustable rate mortgages (ARMs), competitive rates, and loan amounts up to $3 million, the company said. Plaza’s program can be used for primary, second home, and investment properties, as well as for single-family, 2-4 unit and condominiums. Borrowers can have debt-to-income ratios (DTIs) up to 43% and FICO scores to 700 (fixed) and 720 (ARM). The program is available through Plaza’s wholesale channel.
This month I had the privilege of interviewing Salpi Meyer, who is the Senior Vice President of Sales for Plaza Home Mortgage’s National Correspondent Lending division. In this role, she is responsible for overseeing the sales, account management and strategic business development function of the division, as well as developing and maintaining primary relationships with Correspondent clients nationwide.
In the words of Robert Louis Stevenson, “Don’t judge each day by the harvest you reap but by the seeds that you plant.”