Why Mortgage Loan Specialists? Lower Rates! Try and beat them. We dare you!

• Lower Rates - We're a discount brokerage with preferred rates from many of our 300+ lenders due to volume discounts.
• Better Service - We answer our phones. Not just a phone system. (Yes, we have one if you prefer music.)
• Expertise - We know we can get your loan done BEFORE we take your application. Call anytime. Advice is free.

About the new Conforming Rate Limits

New Conforming Limits Do Little to Stimulate Mortgage Market

The new conforming loan amount limits are starting to roll out. One by one, lenders are offering the new conforming limits up to a maximum of $729,750, depending on what county you live in. The new higher conforming limit is determined by multiplying the County's median property value multiplied by 125%. The minimum conforming loan limit for the contiguous United States will remain at $417,000. These limits are temporary and will only be in effect until December 31, 2008.

Do these new limits really help us? Rates are priced a full percent higher on these higher loan amounts known as �conforming jumbo�. Cash out is not allowed. You can not pay off a 2nd lien or line of credit with it. Full documentation of both income and assets is required. Interest only loans are not allowed. And they only apply to 15 and 30 year fixed. Loans fixed for 5 years are expected to roll out next month.

Mortgage Loan Specialists has better jumbo rates than these new conforming jumbo rates. We can still do cash out, stated income, interest only and you can pay off your 2nd or equity line.

Do these new limits really help us? Rates are priced a full percent higher on these higher loan amounts known as “conforming jumbo”. Cash out is not allowed. You can not pay off a 2nd lien or line of credit with it. Full documentation of both income and assets is required. Interest only loans are not allowed. And they only apply to 15 and 30 year fixed. Loans fixed for 5 years are expected to roll out next month.

Mortgage Loan Specialists has better jumbo rates than these new conforming jumbo rates. We can still do cash out, stated income, interest only and you can pay off your 2nd or equity line.

Larry Martinez – Mortgage Loan Specialists Inc.