think smart... think mortgage.

(877) 99 -THINK (84465)
Watermark Capital Inc BBB Business Review

OUR HOME LOAN
EXPERTS ARE READY
TO HELP YOU.

Conventional Loan
  • "Conventional" just means that the loan is not government program, such as FHA, USDA, or VA.
  • There are two main categories of conventional loans
    1. Conforming Loans
    2. Non-Conforming Loans
  • There are three main types of conventional loans:
    1. Conforming (<= $424,100)
    2. Conforming Jumbo ($424,101 - $636,150; county specific)
    3. Jumbo (Non-Conforming)(up to $10,000,000)
  • The majority of loans are conventional. The majority of conventional loans are 30 year fixed mortgages.
  • Conventional loans cost less than FHA loans, but getting qualified can be more difficult.
Fixed Rate Mortgage
  • Interest Rate and Principle & (PI) Interest payments will not change for the life of the loan.
  • Fixed rate periods are 30, 25, 20, 15 and 10 years.
  • Purchase a home with as little as 3.00% down payment.
  • Fixed rate mortgages with Interest Only (IO) payments are available.
Adjustable Rate Mortgage (ARM)
  • Interest Rate and monthly Principal & Interest (PI) payment remain the same for an initial period of 5, 7 or 10 years, then adjusts annually.
  • The interest rate cap limits the maximum amount your rate and monthly P&I payment may increase at each adjustment, and over the life of the loan.
  • Typically ARM’s have a lower initial interest rate than fixed rate mortgages.
  • Provides flexibility if you expect future income growth, or if you plan to move, or refinance, within a few years.
FHA Loan
  • The Federal Housing Administration insures FHA loans.
  • Allow for down payments as low as 3.50%.
  • Allow lower credit scores than most conventional loans.
  • Have a maximum loan amount that varies by county.
  • Mortgage insurance is a requirement for all FHA loans.
  • A co-applicant may help with qualification even if they do not live in the home.
VA Loan
  • The Department of Veterans’ Affairs (VA) guarantees VA loans for eligible veterans, current service members, and surviving spouses.
  • There is no mortgage insurance. The VA guarantee replaces mortgage insurance.
  • Do not require monthly mortgage insurance premiums, but usually require an upfront VA Funding Fee.
  • Veterans with service related disabilities may be eligible for the VA Funding Fee Waiver.
  • The VA IRRRL (Interest Rate Reduction Refinancing Loan) allows for low-cost, streamlined refinance options.
  • VA Jumbo loans up to $1,500,000 are available regardless of county loan limits.
Jumbo (Non-Conforming) Loan
  • Loan amounts are typically greater than $424,100.
  • Typically up to $1-2 million, but can be up to $10 million.
  • Rules vary by investor, but Primary Residence, Second Home, and up to 4 unit Investment Property loan programs are available
  • Fixed rates, ARM’s, 40 year terms and interest only payment options are available.
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TESTIMONIALS

Marc Reeves

From start to finish this was the quickest and easiest loan experience I have ever had. Great rate and lowest fee. Was this review helpful?

FireballMarc

Great loan experience.. From start to finish this was the quickest and easiest loan experience I have ever had. Great rate and lowest fee.

Michael Cox

Rob Kromberg was my mortgage broker and I would HIGHLY recommend him to anyone looking to buy or refinance a home!!! I researched this company and they have the LOWEST rates and Rob will explain everything to you. I can’t say enough about this team and will he will be the first I call for my next home. I already saved his number in my phone. You will not regret this company and ROB!!!! Call him first!!!!!

Milan

I want to recommend Watermark for the work they did on my refinance. The process from loan initiation to loan closing was smooth, quick, painless and affordable. The loan officer worked to get me the best rate, the best deal and did it with class and integrity.

dana salazar

Philippe did everything possible to make my refinance quick, easy and as inexpensive as possible! He pulled all information I had from a previous refi, was able to convince them to reuse a fairly recent appraisal saving me time and money. I literally had to just upload a few documents. The notary even said it was the lowest rate she had ever seen on a home loan! Highly Recommended and he couldn't have been any more responsive or polite. Many Thanks

WHO WE ARE

WE STRIVE TO LEAD THE INDUSTRY THROUGH PROVIDING QUALITY CUSTOMER SERVICE, SETTING THE STANDARD FOR PROFESSIONAL ETHICS, AND DELIVERING THE BEST FINANCIAL OPTIONS TO EACH CLIENT.

Think Mortgage is a nationwide direct lender founded in 2006 by a group of service oriented individuals seeking to improve the home loan process. Think Mortgage not only survived the financial crisis, but thrived, and has since obtained Fannie Mae and Freddie Mac approval as a home loan seller-servicer. Being a Fannie Mae and Freddie Mac partner is relevant to the consumer because it is one of the many advantages allowing Think Mortgage to be a price leader in a very competitive marketplace.

At Think Mortgage, we value competent people. The same executive team, backed by a strong support team, has steered the company through the financial crisis to today. Those people, coupled with our technology based platform, allow us to differentiate ourselves from the competition.

Whether buying a home or refinancing, think smart... Think Mortgage.

CORE VALUES

Transparency
Honesty
Integrity
No Nonsense
Knowledge

WHO WE ARE

WE STRIVE TO LEAD THE INDUSTRY THROUGH PROVIDING QUALITY CUSTOMER SERVICE, SETTING THE STANDARD FOR PROFESSIONAL ETHICS, AND DELIVERING THE BEST FINANCIAL OPTIONS TO EACH CLIENT.

CORE VALUES

Transparency
Honesty
Integrity
No Nonsense
Knowledge

ABOUT US

Think Mortgage is a nationwide direct lender founded in 2006 by a group of service oriented individuals seeking to improve the home loan process. Think Mortgage not only survived the financial crisis, but thrived, and has since obtained Fannie Mae and Freddie Mac approval as a home loan seller-servicer. Being a Fannie Mae and Freddie Mac partner is relevant to the consumer because it is one of the many advantages allowing Think Mortgage to be a price leader in a very competitive marketplace.

At Think Mortgage, we value competent people. The same executive team, backed by a strong support team, has steered the company through the financial crisis to today. Those people, coupled with our technology based platform, allow us to differentiate ourselves from the competition.

Whether buying a home or refinancing, think smart... Think Mortgage.

CONTACT US

CONTACT INFO

100 Spectrum Center Dr #150

Irvine, CA 92618

Phone: (877) 99 -THINK (84465)

info@ThinkMortgage.com

ThinkMortgage.com