Socialize
Starting Monday, April 19, 2010, Wells Fargo Mortgage will be supporting the use of second trust deeds that will now allow home buyers to have up to a 85% loan to value ratio (including a second as well as first trust deed) in Santa Clara County without having the added expense of private mortgage insurance.
Not only does this improve the borrowing capacity of home buyers in communities such as Saratoga, Monte Sereno and Los Gatos, but it also signals important news that Santa Clara County is no longer considered a distressed market by Wells Fargo portfolio managers.
For more information on second trust deed and mortgage financing, please contact John Shapiro of Private Mortgage Advisors, an affiliate of Wells Fargo Bank.
Rick Bonetti | APR Referral Network | 408-857-8800 | DRE #01237009
Pingback: Pulse on the Saratoga Real Estate Market | Saratoga Voice