Christopher Caproni
Christopher Caproni / Loan Advisor
NMLS #580518
Phone: 415.381.7012
Cell: 415.990.6907
Fax: 877.816.3682

After 25 years in technology sales and leasing, Christopher chose to enter the Loan Origination and consulting field with RPM, a Company where he felt he could best leverage his talents and experience with industry leading professionals, tools and resources. He has his California Real Estate License and NMLS, National and State Mortgage Lending Originators certificates.

Christopher joins RPM, Mill Valley with over 25 years of sales and leasing experience with major, national and global corporate, SLG and educational clients. Eastman Kodak Company, Key Equipment Finance (Key Bank subsidiary) and CSI Leasing, captive, bank affiliated and independent technology leasing Companies. For more information on Christopher’s background and testimonials from customers and partners please visit my LinkedIn profile.

Why Christopher?
Christopher is committed to the principles of continuing education, quality customer care and service, honesty, integrity, self-improvement and volunteerism. He operates with an uncommon sense of urgency, efficiency and care focused on fostering long term mutually beneficial relationships. He is adept at leveraging time and resources to match client needs to the best available solution.

Christopher understands that the purchase of a home is a significant financial and emotional event in one’s life requiring skilled, competent and professional guidance and care from start to finish. He has owned two homes in Mill Valley and one in Truckee and understands the ownership process and requirements.

Christopher is very proficient at handling multiple tasks simultaneously. He is an accomplished juggler, cliff diver, skier, runner and mountain biker and 6-time “Dipsea” finisher.

Christopher is a proven leader in his business and community life, married with two high-school aged children and living in Mill Valley since 1986. He served as youth coach in soccer, Futsal, baseball and softball, past Board Member of the Mill Valley Soccer Club where he was recognized in 2005 with the President’s Award “For extraordinary dedication and Commitment to the Kids of Mill Valley and the Mill Valley Soccer Club.” He is an advisory council member to “Senior Access” of Marin providing day care service to adults with memory loss and respite for their caregivers.

Learn More about this 10% down option.

This new & improved down payment investment option is better than ever. Watch this 7 min recorded interview with Mike Lyon then ask me how you or your clients can qualify.

Click here to view my HomeBuyers Guide

 



  • 2013 Angel’s and their sponsor @ Boyle Park, Mill Valley, CA
    Mill Valley Little League, the first Little League in the
    USA in which a young girl played organized hardball.


    The below story was written by SF Gate
    "Little League Player Went to Bat for Girls"

    NEW Radio pod casts: January 12, 2013 Real Estate Reality Show




    Why RPM?
    Three words – “Best in class”. RPM Mortgage knows and executes its business as well or better than any other Private or Public Mortgage Bank or Broker organization. These are but a few of the “best practices” employed by RPM that you can expect to benefit from:

    • In-house underwriting (risk analysis). The benefit to you is faster turnaround time, application file control and direct communications
    • Bank & Broker capabilities. The benefit to you is the widest variety of lender solutions.
    • In-house appraisal department. The benefit to you is faster turnaround time, local market expertise and more direct access to challenge appraisal results.
    • Industry leading mortgage banking technology platform. The benefit to you is access to industry leading customer care tools and options.
    • Tenured branch office staff providing loan processing (average of 16 years), underwriting (average of 10 years) and support functions to ensure efficient, accurate and timely completion of the loan process, wing to wing.
    • Pre-qualification and rate lock capabilities to ensure you are prepared to make the strongest offer possible when you find that perfect dream home and want to close quickly!
    • Cycle time metrics for loan process to ensure consistently high levels of quality performance. Ask about our 20 day close and one-day pre-approvals.

    Why now?
    Interest rates are the lowest they have been in nearly 6 decades, property values are down making first time home ownership more attainable.

    Today’s stricter underwriting guidelines and tighter regulations on the mortgage lending industry make it more important than ever before to place your trust in experienced hands. Christopher and RPM Mortgage are the perfect combination.

    Whether you are at the beginning of your earning years wishing to buy your starter home; existing homeowners looking for refinancing to improve your rate, payment, consolidate debt or reduce term interest expense; anyone who is thinking of purchasing a vacation home or seeking investment property to rent or a complement to other investments, Christopher can help!

    Christopher looks forward to speaking with you and earning your trust and business. He also commits to extending the same professional service to your friends, family members, work colleagues and neighbors.

    Christopher will submit your mortgage application to one or more lenders in order to sell it, and work with the chosen lender until the loan closes.

    Christopher offers a wide range of programs for those with A+ credit as well as challenged credit and will work with you in repairing your credit in order to provide you with the best possible mortgage program to serve your needs.

    Some of the services Christopher offers:
    • Refinance and Home purchase loans
    • Conforming, High Balance and Jumbo Home Loans
    • Reverse Mortgages
    • FHA - HomePath - FHA 203
    • Purchase Loans for First Time Home Buyers
    • Home Equity Loans
    • No Cost Loans
    • Same day Pre-approval

    Christopher will represent you, the borrower to the lending institution and will guide you through the selection, processing and closing of your mortgage loan. His office is conveniently located in Mill Valley and he is able to assist you with your financing needs all over California.

    Please contact Christopher today for the most competitive interest rate quote and personal assistance.

  • FIRST TIME BUYERS – TESTIMONIALS

    “It’s never too late to be a first time home buyer.”
    -Betty Pagett and Bobby Bradley

    “After decades renting in Marin, we scraped up the down payment for a 1905 fixer-upper cottage in Petaluma. We are “old” first time homebuyers in/near retirement. We could not have negotiated the swamp/minefield/lapyrinth without Christopher, whose personal commitment, acuity and diligence led us to a mortgage deal that astonishes all who hear of it. Even though we are of moderate income and buying in at the low end of the market, he welcomed us and our particular needs and assets. He became our friend. We contacted several potential mortgage lenders referred to us by our realtor. Christopher’s response was prompt, clear and inviting, so we never had reason to pursue any other lender. After a long list of questions and great deal of personal information which seemed formidable along with getting the timing lined up. But we never had the feeling we wouldn’t make it, with Christopher’s guidance. We didn’t know what to expect since the whole process was new to us. We wanted to get to the end if at all possible, we weren’t sure it was, a home we could afford, and we did make it to the finish line with help of our realtor and lender.”
    Betty and Bobby
    (Note: Betty is Oma to her grandson’s and “Marin’s Ferry Grandmother” See story in Pacific Sun.com. Thursday August 30th,2012. OMA Village is the a local housing leader and grand imaginer of a better life for families struggling to make it. Oma Betty works tirelessly to connect families of means with families who need housing and support, creating a safe village for all. Betty partnered with Homeward Bound of to create “Oma Village” on property purchased in 2012 in Novato. To learn more and to make a contribution to Oma Village please visit https://www.facebook.com/pages/Oma-Village-Helping-One-Needy-Family-at-a-Time/132495053467491. On October 3rd, 2013, OMA Betty is to be honored at the Marin County Heroes Breakfast by The American Red Cross which joins with Marin County civic leaders to recognize those in our community who have shown courage, dedication and character through acts of heroism and kindness.)


    “Every Season bears different fruit”
    Aimee Coler and Andrea Giuliani
    – Loan product :FHA, 3.5% down, competition for limited housing inventory

    “After renting our 2 bedroom flat in San Jose for 2 years and with a 1 year old son and 2nd child on the way, we decided it was time to consider buying a home. With the help of Christopher we discovered we could purchase using an FHA loan requiring only 3.5% down. Christopher counseled us on the best way to structure our application, improve our FICO scores and work with gift monies to meet the down payment and loan reserve requirements. We were kept informed along the way and reassured in each step of the process on what to expect next. ”
    Aimee and Andrea


    "Didn’t think it was possible.”
    Claudia and Sloan Wilson – Loan product: “80/10/10”

    “What can we say about Christopher other than, because of him he changed our lives for the better. Not only that, but his impact has rippled across several friends and family members, bringing us all closer, as we moved from our 2 bedroom small flat in The Mission to a SFR on the water in Marin. Despite my wife and I coming from completely different vantage points. My wife, a lifelong renter. I had owned several properties, but did not have the expertise, skill, endurance, or tact that Christopher possesses to guide one through the grueling process of Marin home purchase. Not to mention the fact that he stuck by us for 6 months during the ups and downs of the short sale process. In fact, we gave birth to our second child within two weeks after closing (working with my pregnant wife alone should go miles to demonstrate Christopher's patience). Quite frankly, we did not feel like it was even feasible to own where we ended up (Larkspur), but huge props to Christopher to represent us to reach our greatest buying potential (10% down and no PMI is saving us a small fortune!) Ultimately we had an enormous win in a game we felt we did not even belong.. Suddenly, we have a plan, a vision, a home. I cannot begin to thank Christopher for being there for us from the early morning texts to our late night calls. I would strongly recommend getting in touch with Christopher whether it range from the simplest of inquiries to the complicated loan. You will be the better off for it. I am honored to call him my confidante.”
    Sloan Wilson

    To Whom It May Concern:
    It is our pleasure to recommend Christopher Caproni, a Mortgage Consultant from RPM Mortgage. During the past year, we were working hard with our financial advisor to figure out a way to pay for our daughter's college tuition. We thought of pulling money from our 401K, which would result in paying additional taxes. Another option was to get a student loan for which we would end up paying a high interest rate. With Christopher's expertise and knowledge, we were able to refinance and cash out our mortgage within 45 days. The process was painless and we didn't even have to take time off from work because we were able to do almost everything electronically. This approach turned out to be the best fit because the interest rate is so much lower than a student loan or 401K loan, and most important, the monthly payment is affordable. Believe me, you won't regret working with Christopher for your mortgage needs because we did, and now we are no longer worried about where our daughter's tuition will come from. -
    - Sincerely,
    Alberto & Carol De Guzman


    Dear Christopher:
    Thank you so much for walking me through the process of refinancing my condominium. You made it a painless process and consistently followed through with all your commitments... and made sure that I locked in at a great rate on a day that the markets dipped just enough to get me 4%! While I've known you for many years I had never had the opportunity to work so closely with you, I'm impressed by your communication, follow through and never ending positive energy. While I'm now in my 13th year as a realtor with Coldwell Banker, and have had the opportunity to work with many lenders I have to say that you rank at the top! Most importantly I respect your integrity, being realistic, not telling me what I want to hear but what is going to happen... then making sure it happens!

    So, many thanks for a job well done! I will be sure to give your name to any clients I have that are in need of a mortgage consultant that they can trust and who will provide the quality of service that you provide... all of which makes my job so much easier!

    Sincerely,
    Betsy Sanders, Realtor, Coldwell Banker

    I had the opportunity to work in a collaborative effort with Christopher over the past 3 years. I am very impressed with his broad experience, his sharp analysis of situations, and the thoughtful solutions he recommended. Christopher is one of the most thorough and persistent sales professionals I have encountered. In addition to his technical knowledge, I especially appreciated his consistently upbeat attitude and positive outlook.
    -- Carl C.

  • 2012
    RPM Mortgage is recognized as one of the Top 100 Mortgage Companies in America 2012 by Mortgage Executive Magazine.


    www.mortgageexecutivemagazine.com


    Top 100




    2011
    RPM Mortgage is recognized as one of the Top 100 Mortgage Companies in America 2011 by Mortgage Executive Magazine.


    www.mortgageexecutivemagazine.com


    Top 100

  • June 29, 2012
    A Mortgage Rate Beginning With a 3

    By Tara Siegel Bernard, NY Times

    2012
    Cartoon Student Loan Debt Burden

    By Tom Meyer, MeyerToons

    June 22, 2012
    U.S. Sets Rules for Foreclosure Compensation

    By Alan Zibel, Wall Street Journal

    June 12, 2012
    Families' Net Worth Drops to '90s Level

    By Kristina Peterson, Wall Street Journal

    June 2, 2012
    Protecting Vital Documents

    By Ellen E. Schultz, Wall Street Journal

    May 11, 2012
    Consumers beware of loan fraud scams

    By Newsstand

    April 24, 2012
    Smithsonian names Mill Valley to best small town list

    By Soren Hemmila, Marinscope Newspapers

    April 24, 2012
    Social Security heading for insolvency even faster

    By Stephen Ohlemacher and Ricardo Alonso-Zaldivar

    April 11, 2012
    U.S. Sets Rules for Foreclosure Compensation, Wall Street Journal

    By Nick Timiraos, Wall Street Journal

    April 9, 2012
    Staying Healthier Longer

    By Laura Landro, Wall Street Journal

    April 7, 2012
    How Not to Major in Debt

    By Karen Blumenthal, Wall Street Journal

    April 4, 2012
    As Home Rents Head Higher, Owning Regains Its Appeal

    By Dawn Wotapka and Nick Timiraos, Wall Street Journal

    April 3, 2012
    It's Better to Rent Than to Foreclose

    By James R. Barth and Peter Passell, Wall Street Journal

    March 31, 2012
    Spending Outpaces Income Gains

    By Neil Shah, Wall Street Journal

    March 30, 2012
    Mortgage Write-Downs Get New Push

    By Nick Timiraos, Wall Street Journal

    March 24, 2012
    It's a Good Time To Refinance

    By Rachel Louise Ensign, Wall Street Journal

    March 23, 2012
    Seek a real estate agent with experience and enthusiasm

    By Kathleen Daly, SFGate

    March 13, 2012
    Property tax collections to start downward trend

    By Dennis Cauchon, USA Today

    January 9, 2012
    By promoting mortgage refinancing, Obama could win big

    By Ezra Klein, Washington Post

    October 31, 2011
    Why you can' t get the lowest mortgage rates

    By Amy Hoak's Home Economics

    October 7, 2011
    Neediest Mortgage Borrowers Left Behind, Prepayment Data Show

    By Jody Shenn, Bloomberg News

    October 6, 2011
    30-Year Mortgage Below 4 Pct. For First Time Ever

    By Derek Kravitz, AP Real Estate Writer

  • Refinance with HARP
    • Allows new loan up to 105% of current value
    • Great option for borrowers in declining markets
    • Great option for borrowers looking for more stable payments
    • Flexible refinance terms (Fixed-rate and ARMs available)
    • Borrowers must be up-to-date on current loan
    • Reduced documentation requirements makes qualifying easy
    • Loan amount up to $729,000

    Current loan has to be owned by Fannie Mae or Freddie Mac. Check the following links to see if you are eligible:

    http://www.loanlookup.fanniemae.com/loanlookup/ https://ww3.freddiemac.com/corporate/

    Get Pre-Approved now!

  • Get Your Credit Report    •    Improve Your Credit Score    •    Dispute Your Credit Score



    Get Your Credit Report

    The information in your credit report has a huge impact on whether or not you qualify for a mortgage loan and what interest rate a lender will offer. Therefore, it’s important your credit report reflects a positive image of the way you manage your money. If you're getting ready to buy a home, checking your credit report is the best way to ensure you get the loan and interest rate you deserve.

    The easiest way to see what’s in your credit report is to contact the three national credit reporting agencies – Equifax, Experian and TransUnion - and request a copy from each. That’s because the three agencies are independent of each other and the information may differ on all three reports. In addition, you may not know which agency your lender will use to check your credit, so it’s best to verify that all three have correct information about your credit history.

    If you've been denied credit, insurance, or employment because of information in your credit report from any of the three agencies, you can obtain a free credit report by contacting the agency within 60 days of receiving a denial notice. In addition, you're entitled to a free copy of your report each year when you certify in writing that (1) you're unemployed and looking for a job within 60 days, (2) you're currently on welfare, or (3) your report contains errors due to fraud. Otherwise, the agencies charge a fee for a copy of your report.

    For additional fees, each agency may offer you different report variations, such as:

    • A credit report with or without your credit score.
    • A three-in-one credit report that lets you see a side-by-side comparison of records, from all three agencies, with or without scores.
    • Notification services when your credit history is requested.
    • Routine notification changes to your file.
    • Subscriptions that allow you to access your report on a regular basis.

    New law promotes free access to credit reports
    Soon you'll be able to get your credit report for free regardless of your employment or financial situation. A recent amendment to the federal Fair Credit Reporting Act (FCRA) mandates that each agency provide you with a free copy of your credit report, at your request, once every year, from Annual Credit Report.

    Free reports will be phased in during a nine-month period, rolling from the West Coast to the East beginning December 1, 2004. By September 1, 2005, free reports will be accessible to all consumers.

    Whether you are thinking of buying a home or simply curious about what’s in your credit report, it’s important to correct any errors you discover as soon as possible. You don’t want errors in your credit report affecting your eligibility for credit in the future.
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    How can you improve your credit score?
    It's virtually impossible to change your score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really can't "on the spot." But there are strategies you can live with to make sure when you apply for a loan your score is as high as possible.

    Make sure that the information each of the three credit reporting bureaus has on you is consistent and up to date. Order a copy of your credit report about once a year, and dispute any inaccuracies.

    Note: Theoretically, if a series of credit reports is requested on your behalf during a limited amount of time, your score goes down until time passes without any inquiries. Changes in the law though have made "consumer-originating" credit report requests not count so much. Also, a series of requests in relation to getting a mortgage or car loan is not treated the same as a number of credit card requests in a limited time. This is because the credit bureaus, and lenders, realize that people request their own credit reports to keep up with what's on them, and smart consumers shop around for the best mortgage and car loans.

    Unsolicited credit card solicitations in the mail don't count against your credit report, so don't worry.

    The two main components of your credit score are your payment history and the amounts you owe. Bankruptcy filings and foreclosures, which can stay on your credit report for as many as 10 years, can significantly lower your score. It's never a good idea to take on more credit than you can handle.

    Late payments work against you. It's extremely important to pay bills on time, even if it's only the monthly payment.

    Dont "max out" your credit lines. Since the size of the balance on your open accounts is a factor, lower balances are better.

    It's said that by carefully managing your credit, it's possible to add as much as 50 points per year to your score.
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    Dispute Credit Report

    Your credit report is a record of your credit activities. It lists all of your credit card accounts and loans, the balances as well as your payment history. It also shows if any action has been taken against you because of unpaid bills such as a lawsuit or bankruptcy filing. Because businesses use this information to evaluate your applications for credit, insurance and employment, it's important that the information in your report is complete and accurate, especially if you plan to make a big purchase like a home.

    The Fair Credit Reporting Act (FCRA), enforced by the Federal Trade Commission (FTC), is designed to promote accuracy and ensure the privacy of the information used in consumer reports. Under the FCRA, both the credit reporting agency (CRA) and the organization that provided the information to the CRA (usually the credit card company) must correct any errors or incomplete information in your report.

    If you do encounter a mistake on your credit report, several steps need to be taken to correct the matter:

    1. The first thing to do is get a copy of your credit report from each of the three major CRAs: Equifax; Experian; and TransUnion.

    2 In a written letter, tell the CRA what information you believe to be inaccurate. Include copies (not originals) of documents that support your position. Provide your complete name and address, identify each item in your report you dispute, and request deletion or correction. Be sure to make copies of your dispute letter and enclosures.

    3. Send your letter by certified mail, return receipt requested, so you can document what the CRA received.

    4. The FCRA mandates that all CRAs reinvestigate the items in question — usually within 30 days — unless they consider your dispute frivolous. They also must forward all relevant data you provide about the dispute to the credit card company. After the credit card company receives notice of a dispute from the CRA, it must investigate, review all relevant information and report the results to the CRA.

    5. If the disputed information is found to be inaccurate, the credit card company must notify all nationwide CRAs so they can correct this information in your file. Disputed information that cannot be verified must be deleted from your file.

    6. When the reinvestigation is complete, the CRA must give you the written results and a free copy of your report if the dispute results in a change. If an item is changed or removed, the CRA cannot put the disputed information back in your file unless the credit card company verifies its accuracy and completeness, and the CRA gives you a written notice that includes the name, address, and phone number of the credit card company.

    7. In addition to the CRA, you should also write to the credit card company about the error. Again, include copies of documents that support your dispute. If you are correct — meaning the information you disputed is found inaccurate — the credit card company cannot use it again. Further, at your request, the CRA must send notices of corrections to anyone who received your report in the past six months.
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  • FHA LOANS - Now available up to $625,000 loan amount in most counties.

    Have you put off buying a home because you don't have 20% to put down for a traditional loan? Didn't know that you could apply for an FHA loan with as little as 3.5% down? You can! And what's even better is that 3.5% can come from practically anywhere — your savings, a gift, or even your employer. Call me today to learn more about how you can buy your own home.The "American Dream" is still alive!

    FHA can help you purchase your own home. You can qualify for an FHA loan even with limited credit or a past bankruptcy. And it doesn't require the 20% down payment of traditional loans. FHA mortgages don't require you to contribute any of your own money. Call me today to explore your options.

    An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

    FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

    Some of the benefits of FHA financing:
    • Only a 3.5 % down payment is required
    • Closing costs can be financed.
    • Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancelation of the premium.
    • More flexible underwriting criteria than conventional loans
    • Loans are assumable to qualified buyers.

    Housing Finance Agencies for more information:

    CALIFORNIA
    California Housing Finance Agency
    1121 L St., 7th Floor
    Sacramento, CA 95814
    Phone: (916) 322-3991

  • Gifts as Down Payment    •    401k for Down Payment



    Gifts as Down Payment

    Down payment funding alternatives
    For many buyers, especially first-time buyers, saving up the funds for the down payment can be a seemingly insurmountable hurdle to home ownership. This doesn't have to be the case. As your mortgage broker, I can help you find creative ways to come up with your down payment.

    Using a gift for your down payment
    One way to fund a down payment is by using a gift. For many loan programs, a gift may be used for a portion or all of the required down payment. Money given as a gift for a down payment can't come from anyone. Family members are the usual source. And sometimes an employer may also be acceptable. If this is an option open to you, please let me know. I can help you determine which loan programs accept gift funds for down payments and who may give the gift. I'll also supply the gift letter that the person giving the gift is required to sign. The gift letter states that the funds are a gift and will not be paid back.

    Down payment assistance charities
    If a willing and able family member is not available, buyers now have the option of turning to a non-profit for down payment assistance.

    Caution should be taken when searching for a down payment assistance charity (aka down payment assistance program). There are many reputable organizations providing buyer assistance, but there are dubious ones as well. You may want to research the charity with the Home Gift Providers Association (HGPA)
    (http://www.downpaymentalliance.org) before making a commitment.

    Generally, a down payment assistance charity will give the buyer money for a down payment that does not have to be repaid. The seller will contribute an equal sum to the charity at closing or soon after. The seller will also pay an administration fee to the charity. Sounds good, right?

    This can be a good option for buyers who don't have other means of securing a down payment. However, you should be aware that this means of funding the down payment may inflate the selling price of the house. You'll want to consult with your real estate professional about how such a program may affect the selling price.

    Zero down mortgage loans
    Service persons and veterans can qualify for a VA Loan that requires no down payment. VA Loans are guaranteed by the U.S. Department of Veterans Affairs. In addition to no down payment, these loans usually offer a competitive fixed interest rate and limited closing costs. While the VA does not issue the loans, it does issue a certificate of eligibility required to apply for a VA loan.

    There are also private sector alternatives that offer 100% financing of the home purchase price. Let me help you find the down payment and mortgage alternative that's right for you.
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    401k For Down Payment
    You've finally found the home of your dreams. There's just one thing standing between you and your new house: The down payment.

    Many home buyers today opt to use funds from their employer’s 401(K) program to come up with the down payment on a house. Ordinarily, you can't take money from your 401(K) plan unless you retire, leave the company or become disabled, but many company plans permit certain “hardship withdrawals” when there is an immediate and heavy financial need, including the purchase of the employee's principal residence.

    The drawback to a hardship withdrawal is that you will pay taxes and penalties on the amount withdrawn from your plan, which often must be paid in the year of withdrawal. And while hardship withdrawals are allowed by law, your employer is not required to provide them in your plan. Check with your employer’s human resources department if you're not sure if your 401(K) plan allows hardship withdrawal.

    Another approach may be to borrow against your 401(K) – often as much as 50 percent of your account balance. You pay interest on the loan, but the interest goes back into your account. The money you receive is not taxable as long it is paid back and plans can give you anywhere from five to 30 years to pay back your loan.

    There are risks involved in borrowing from your 401(K). If you lose your job or leave your employer, you must pay back the loan in full within a short period, sometimes as little as 60 days. If the money is not paid back in that time, it is considered a withdrawal from your plan and subjected to the same taxes and penalties. And while 401(K) accounts can usually be rolled over into a new employer’s 401(K) without penalties, loans from a 401(K) cannot be rolled over.

    In addition, because the funds withdrawn from your account are no longer earning compound interest, your account will be smaller when you retire. And you’ll be replacing pretax money with after-tax money.

    Some lenders will count the money you borrowed from your 401(K) as an additional debt that will go along with your car payments, student loans and credit cards. While it may seem unfair since you are borrowing your own money, most lenders view it as a payment obligation that affects your debt-to-income ratio in qualifying for a home loan. It may be a factor in whether you decide to make a hardship withdrawal from your 401(K) and pay tax penalties or borrow against it.
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  • Private Mortgage Insurance helps you get the loan
    Private Mortgage Insurance, also known as PMI, is a supplemental insurance policy you may be required to obtain in order to get a mortgage loan. PMI is provided by private (non-government) companies and is usually required when your loan-to-value ratio — the amount of your mortgage loan divided by the value of your home — is greater than 80 percent.

    PMI isn't a bad thing — it allows you to make a lower down payment and still qualify for a mortgage loan. In fact without PMI, many of us would not be able to purchase our first home.

    How is PMI calculated?
    Your PMI premium is fixed based on plan type (loan-to-value ratio, loan type, loan term, etc.) and is not related to your particular credit history or other individual characteristics. PMI typically amounts to about one-half of one percent of your mortgage amount annually, according to the Mortgage Bankers Association, and the premium payment is usually rolled into your monthly mortgage payment. On a $200,000 mortgage, you may be paying $1,000 per year for PMI.


  • Economic Data & Social Issues Resources
    World Economic Forum

Loan Programs

To help you find the right type of home loan to meet your specific needs, RPM Mortgage offers multiple mortgage programs. This variety of residential mortgage lending solutions puts you in control of your future and enables our knowledgeable, trusted staff to help create a personalized mortgage solution to make your real estate goals a reality.

Our loan programs include, but not limited to: Jumbo loans to $3 million, Agency Conforming, Agency High Balance, FHA Conforming, FHA High Balance, FHA Energy Efficient Mortgages (EEM), VA, VA Interest Rate Reduction Refinancing Loan (IRRL), USDA, Lender Paid Mortgage Insurance (MI) Option, Split, Single and Financed Mortgage Insurance (MI), Concurrent 1st and 2nd, Max Financed Properties (up to 10), Delayed Financing, Fannie Direct Lender, Fannie Mae Service Retained, Freddie Mac Investor Options, DU Refi Plus, HomePath, FHA Flips

Learn More

Home Purchase

Real estate moves fast. To secure the home of your dreams, you need customized home mortgage options and community-centered service. RPM Mortgage has a reputation of trust and results as well as supporting technology and tools to ensure your transaction is as streamlined as possible.
Learn More

Refinance

Finding the right lender for your refinance is an important decision. RPM Mortgage's wide range of products are all handled by our knowledgeable in-house mortgage lending staff. Thanks to the RPM lending platform and proximity to our top-tier staff, we deliver faster deals, more customized lending options and reliable service to you right here in the community we both know and love.

Whether you're looking for security, strength or a sterling reputation, RPM is your powerful ally in today's confusing home mortgage refinancing market.

  • Expert community-based service
  • Exclusive in-house mortgage banking service
  • Established position and hard-won reputation for integrity
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Calculators

  • Mortgage Calculators

    Mortgage Loan
    Use this calculator to determine your monthly payment and amortization schedule.
    Mortgage Points Calculator
    Should you buy points? Use this calculator to find out.
    15 vs 30 Year Mortgage
    Use this calculator to compare these two mortgage terms, and let us help you decide which term is better for you.
    Adjustable Rate Mortgages
    This calculator helps you to determine what your adjustable mortgage payments will be.
    Mortgage APR
    Use this calculator to find the APR on your mortgage.
    Mortgage Tax Savings
    Interest and points paid for a home mortgage are tax deductible. Use this calculator to determine how much your mortgage could save you in income taxes.
    Balloon Mortgages
    A balloon mortgage can be an excellent option for many home buyers, use this calculator to see if a balloon mortgage might fit your needs.
    ARM vs Fixed Rate
    Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.
    Interest Only Mortgage
    Use this calculator to generate an amortization schedule for an interest only mortgage.
    Option ARM vs. Fixed Rate Mortgage
    Use this calculator to find out how much money you could save with an Option ARM loan.
  • Budget Calculators

    Rent vs. Buy
    Are you better off buying your home, or should you continue to rent?
    Mortgage Qualifier
    Can you buy your dream home? Find out just how much you can afford!
    Required Income
    Use this calculator to determine how much income you need to qualify for a mortgage and how different interest rates affect your required income.
    Maximum Mortgage
    Use this calculator to determine your maximum mortgage and how different interest rates affect your how much you can borrow.
    Mortgage Payoff
    Save thousands of dollars in interest by increasing your monthly mortgage payment.
    Bi-weekly Payment Calculator
    Using bi-weekly payments can accelerate your mortgage payoff and save you thousands in interest. Use this calculator to compare a typical monthly payment schedule to an accelerated bi-weekly payment.
  • Refinance Calculators

    Refinance Interest Savings
    Use this calculator to see how much interest you can save by refinancing your mortgage!
    Refinance Breakeven
    Should you refinance your mortgage? Use this calculator to determine when you will breakeven!

Find A Home

RPM Mortgage wants you to have access to the most updated listings in the area of your choice. Through a trusted partnership with Homes.com we have brought these updated listings to you. Happy house hunting!



Referral Partners

You've worked hard to earn your credibility, success and community roots. You stake your reputation on every referral you make. As an RPM Mortgage referral partner, you will discover new opportunities to provide your customers with a more personalized option in residential mortgage lending. They will see faster, smoother and more effective transactions. Your reputation and business thrive on connections, referrals, and partnerships. Join RPM's network today and grow that reputation and business into a well-known, credible source.

RPM Mortgage has grown its reputation by attracting and rewarding the best talent in the communities we serve. RPM has built upon the pillars of trust, knowledge, and community, bringing these principles to our colleagues and customers through a tradition of "can do, will do" service. It is this that makes us the independently owned and operated mortgage lending operation and broker of choice throughout the markets we serve. Our established position and hard-won reputation for integrity combined with ingenuity have made us the real estate finance partner known for supportive, collaborative partnerships.

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