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DV CAPITAL MORTGAGE 2401 Stanwell Dr., Suite 460-12 Concord, CA 94520

DV CAPITAL MORTGAGE 2401 Stanwell Dr., Suite 460-12 Concord, CA 94520. RESIDENTIAL & COMMERCIAL DANTE MUNGCAL BROKER. OUR MISSION. Our mission is to serve our customers with honesty, integrity and competence. OUR GOAL.

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DV CAPITAL MORTGAGE 2401 Stanwell Dr., Suite 460-12 Concord, CA 94520

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  1. DV CAPITAL MORTGAGE2401 Stanwell Dr., Suite 460-12Concord, CA 94520 RESIDENTIAL & COMMERCIAL DANTE MUNGCAL BROKER

  2. OUR MISSION • Our mission is to serve our customers with honesty, integrity and competence.

  3. OUR GOAL • Is to provide home loans and commercial loans to our clients while providing them with the lowest interest rates and closing cost possible. Furthermore, we pledge to help overcome roadblocks that can arise while securing a loan.

  4. We are hiring loan agents and these are the qualifications we are looking for: You have to be a people person Reliable Hard worker Have a positive attitude Know how to smile

  5. LACK OF EXPERIENCE? • No experience required to be a loan originator. • Computer experience is not required

  6. LOAN AGENT • 1003 – Loan application • Loan disclosure • Submit your loan application to loan processor • We will do the rest of the work for you

  7. COMMISSION LEVEL

  8. Your First Goal: Financial Independence • The definition of financial independence is having enough money coming in every month to make your mortgage and car payments, put food on the table, have a little luxury money left, and not need a full time job. • This is a great part time job. • Loan amount, $ 600,000 (3 points), 40% commission level • Close 1 loan a month - $ 7,200 • Close 5 loans a month - $36,000 • 50% commission level (3 points) • Close 1 loan a month - $ 9,000 • Close 5 loans a month - $45,000

  9. Creating a Power Team • How do you do this? • By assembling your own Power Team. A team of people who will get the results you want and committed to your success who provide the human foundation for your operations. • Putting together and maintaining a Power Team is an ongoing process. Once you get one or two people on your team, the rest will come in a very natural, logical flow. • You meet people in church, at a party, or even in line at the grocery store. • Pay attention when you meet people so you don’t miss any opportunities. • Always be alert to potential new members for your Power Team. • Remember that your Power Team will change over time. You will lose some people and add others. • WORDS OF WISDOM: • Don’t let an incomplete Power Team stop you from getting started. You’ll find the people you need as you go along.

  10. SET YOUR OBJECTIVES • Now that you have created a team, you are ready to prepare the actual marketing plan. Your first task for marketing plan is to set your sales objectives. Without the required sales, you will not generate the necessary profits. Remember, profits are “king”. That is why you are in business. Setting sales objectives is one of the most important but demanding steps in preparing an effective marketing plan.

  11. WHAT’S STOPPING YOU? • Many people believe they can’t be successful because of long-held misconceptions about what it takes to succeed. Are any of these beliefs stopping you? • MISCONCEPTION: Some people can’t be successful because of their background, education, or other factors beyond their control. • REALITY: Anyone who wants to can be successful. It’s a matter of having the desire, learning what to do and how to do it, and then doing it. • MISCONCEPTION: You’ve got to work 60, 70, or 80 hours a week to be successful. • REALITY: Though you have to work hard to achieve success, it’s not a matter of quantity but rather of quality. Doing the right things will lead to success. • MISCONCEPTION: Successful people don’t make mistakes. • REALITY: Successful people make plenty of mistakes. What they also do is learn from those mistakes so they don’t repeat them. • MISCONCEPTION: It takes luck to be successful. • REALITY: Luck has nothing to do with it. Success takes finding the right opportunity, educating yourself about how the opportunity works, and then taking action while you continue to learn.

  12. WHAT IS A MORTGAGE BROKER? • Mortgage brokers find mortgage money for the borrower from other mortgage bankers. Broker don’t make the loans themselves, but arrange mortgage financing at the request of the borrower.

  13. WHY DO MORTGAGE COMPANIES USE MORTGAGE BROKERS? • Most mortgage brokers are smaller operations than mortgage bankers. Mortgage bankers use brokers to be able to make more loans with less overhead. Instead of opening up a retail operation and hiring loan processors and loan officers and paying rent, utilities, insurance, and all the associated costs of running a mortgage operation, wholesale mortgage bankers instead use brokers to market their loans for them. In this case the brokers use their own overhead, hire and manage their own staff, pay their own bills, and in turn get reduced mortgage pricing. There shouldn’t be any higher rates or fees just because you choose a broker instead of a banker.

  14. ARE MORTGAGE BROKERS MORE EXPENSIVE? • No, not at all. Brokers get interest rates at discounts not available to general public. As with most businesses in the United States that offer a product for sale, there is a wholesale side as well as a retail side to the mortgage business. Mortgage brokers get their loans on a wholesale basis. Brokers get their mortgage money from wholesale divisions of mortgage bankers. Mortgage bankers that work with mortgage brokers have operations within their company called “wholesale” divisions, which offer reduced mortgage rates to mortgage brokers.

  15. WHAT IS A MORTGAGE? • A mortgage is a financial claim against your real estate. Mortgage is a generic term used to describe several different combinations of legal documents that allow you to get financing to buy a home. The documents (note, bond, mortgage, deed of trust, security deed) that you will use depend on the state in which the property is located and the type of loan you are getting.

  16. WHO SETS MORTGAGE RATES? • Lenders each set interest rates every business morning as markets open. There are various indexes but for fixed rate mortgages they’re set to a mortgage bond and priced accordingly. A 30 year fixed rate price will be tied to the current 30 year Fannie Mae coupon being traded that day. If the yield on that mortgage bond (coupon) goes down, then lenders will drop their interest rates. If that yield goes up, the rates goes up. • For adjustable rate mortgages they do the very same thing. If your ARM is based on the 1 year treasury, then your rate will move up or down depending upon the current price of a 1 year treasury. So it goes with any other loans that track a particular index. If that index goes up or down, your rate will move along with it.

  17. THE APPLICATION PROCESS • Prequalification • Shopping • Application • Verification • Underwriting • Approval • Conditions • Draw Docs to title • Signing • Funding • Recording

  18. EDUCATING CONSUMERS • Leverage old money and create new money to invest (home equity). • Your house will grow in value. • Your mortgage is the cheapest money you’ll ever buy. • Your mortgage is the best way you can lower your taxes. Interest you pay on personal loans, auto loans and credit cards is not tax deductible.

  19. Get the cash out of the house while you can. • The main reason people turn to borrowing is because they have little or no income. But it you ever suffer a job loss, major medical or other financial crisis, you could find yourself unable to get a home loan. • Lenders don’t like to lend money if you are already in financial difficulty.

  20. PRODUCT PROFILES WE DELIVER: • Streamline transactions • Speed of decision • Efficiency • Convenience WE HAVE A WIDE ARRAY OF LOAN PROGRAMS: • 30 and 40-Year Amortization Term • Premium A Credit Grade • 100% Financing 80/20 and Piggyback Loan Program • Credit Grades “A” through “C” • Interest Only Products • Fully Amortized Fixed Rate Loans • ARM Loans Based On 6-month LIBOR

  21. PICK A PAYMENT/OPTION ARM LOAN • This example illustrates the monthly payment of a $500,000 loan with a payment based on an effective first year interest rate of 1.00% and an APR of 5.8% amortized over 30 years. Fixed for 1 year. • Option One: $ 1,608.20 • Minimum payment, negative arm. • Option Two: $ 2,416.67 • Interest only • Option Three: $ 2,933.77 • Principal & interest (30 year) • Option Four: $ 4,165.45 • Principal & interest (15 year)

  22. NO DOWN 80/20 LOAN • 620 + FICO SCORE • WAGE EARNER • SELF EMPLOYED • STATED

  23. 100% FINANCING AND 80/20 PIGGYBACK LOAN PROGRAM • Minimum Credit Score 575 for Full Doc and 620 for Stated Income • Up to 30 year term on second lien loans • 1x30 Mortgage/rent lates in the 12 months • Maximum $200,000 Piggyback Second Lien Loans • Purchase and Refinance transactions • Owner Occupied SFR, Condo, Townhouse and 2-units • Impounds available but not required • No reserves required • Maximum Debt-to-income to 50%

  24. 10% DOWN PICK A PAYMENT OR POWER OPTION PROGRAM 80/10 LOAN • 620 + FICO SCORE • WAGE EARNER • SELF EMPLOYED

  25. 20% DOWN PICK A PAYMENT FIXED FOR 5 YEARS NEG ARM 80% LOAN • 620 + FICO SCORE • WAGE EARNER • SELF EMPLOYED

  26. CREDIT GRADES “A” THROUGH “C” • Documentation types – Full, Limited and Stated • Maximum Loan Amounts A $1M A- $850K B+ $750K B $650K C $600K • SFR, Condo, Townhouse, 2-4 Units, and Second homes • Owner occupied condo and 2-unit to 100% LTV with no add-ons • Up to a 40 year term • Maximum Debt-to-Income up to 90% LTV, 50% on LTVs greater than 90% • Prepayment buyout available

  27. 40 YEAR AMORTIZATION TERM • Three options available: 40-Year Fixed, 2/38 ARM and 3/37 ARM • Minimum 550 Credit Score (Full DOC) • Loan sizes up to $1M • All documentation types available • Maximum LTV 100%, Maximum CLTV 100%

  28. CONSTRUCTION LOANS • Our Construction-to-Permanent Loan, often referred to as a CTP or One-Time Close, provides a single approval and closing for three stages of construction: • 1. Land acquisition. • 2. Construction financing for 6, 9, 12, 15, or 18 months. • Conversion into a permanent loan • 15 and 30 year fixed • 1 YR, 3/1 and 5/1 Treasury ARMs • FEATURES: • One time closing with one appraisal. • Loan amounts up to $3,000,000 • Full Doc, Stated Income, No ration doc types. • Decision credit scores as low as 640 • Owner builder with site supervisor allowed. • Available for primary residences and second homes.

  29. BORROWERS CAN USE CTP LOAN TO: • Combine with a lot loan to purchase a lot and build a new home. • Purchase and remodel an existing home. • Refinance and remodel a home. • Demolish and rebuild a home. • Complete construction on a work in progress.

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