Contact David Fernandes
Loanpal, LLC * Rates are valid as of 1/18/2018 and are subject to change without notice. Rates assume that you are refinancing an owner-occupied single-family home, all borrowers have credit scores of 740 or higher, debt-to-income ratios of 35% or lower, asset and reserve requirements are met, and your property has a loan-to-value of 80% or less. The Annual Percentage Rate (APR) is based on a loan amount of $200,000. For the 5/1 adjustable rate, this loan is fixed for five years, then is adjustable for the remaining 25 years. At the ends of 60 months the interest rate and monthly payment will adjust. The adjustment will be a new rate based on the 6 month LIBOR as published in the Wall Street Journal, plus a margin of 2.75%. The rate will change each year based on this index and margin, subject to annual and lifetime adjustment caps. Please contact us at 844-562-6725 for a customized rate and payment quote. © 2018 loanpal ®. All rights reserved. Lending services Loanpal LLC. 8781 Sierra College Blvd, Roseville, CA 95661. NMLS# 30336 ** Results based on an internal survey of closed loan customers from 11/1/2017 to 12/31/2017 *** Loanpal will pay these fees to the extent incurred. If not incurred you are not entitled to a credit for that amount. If your loan does not include an appraisal, no credit will be given. Rate discount Benefits available for the same or a new property. Rate discount is equal to .125% off the interest rate. For the better rate guarantee, borrower must provide a Loan Estimate from the competing lender for the same loan product and loan terms on the same day. If Loanpal is unable to match the offer, Loanpal will send a check for $1,000 within 6 weeks. The Set and Secure Guarantee is not valid in the event that there is an unforeseen change with the loan that includes, but is not limited to, the appraised value of the property coming in lower than disclosed, undisclosed debt was discovered, a change in income due to the loss of a job or other circumstances etc. This guarantee is not valid if you withdraw your application or request a change to the terms of your loan such as adding an additional borrower, changing the loan type from an adjustable rate loan to a fixed rate loan etc.
About David Fernandes
My name is David Fernandes and I have been in the mortgage industry for the past 9 years . I have been fortunate to have the opportunity to help hundreds of buyers make the dream of home ownership a reality with a vast variety of lending options that are tailored to each individual client . I started my career in real estate as a Real Estate agent back in 2004 so i know both sides of the industry but narrowed my focus on lending specifically in 2009. My goal is to provide every client with the best mortgage experience possible.