Every week we share stories about homebuyers and homeowners who are achieving their goals with RPM as their partner. Click below to read more.
You saved me more than 590 dollars a month and gave me access to my equity in ways I didn't know were possible.
A retired widow who owns more than 10 properties needed cash to upgrade her rentals. When her husband passed away six years ago, she was stuck in high interest loans. No lender could qualify her for refinances on her own... until RPM took a closer look. By refinancing her primary residence, we lowered her payment so much she was able to qualify for that transaction, plus cash-out refis on two other rentals. Overall she's now saving $590 a month, plus she has $200k to upgrade her rentals so she doesn't have to sell any income producing property to get the funds!
With past credit issues, I didn't think I'd get pre-approved, but RPM helped increase my credit score to get me into my first home.
Our client wanted to get pre-approved for her first home but her credit score was too low to qualify after a financial rough patch. We analyzed her credit profile and guided her for two months on how to get the most credit score improvement for the least amount of money. The plan worked, and within 30 days of obtaining her higher score, she submitted the winning offer on a house she fell in love with. We also met her request to finance closing costs so she could conserve cash at closing to help furnish her new home.
From being on the street and facing so many financial obstacles over the years, it's hard to believe we're actually homeowners now. It's still like a dream!
After spending many years transitioning from extreme hardship to securing stable jobs, growing their family, and overcoming countless obstacles, a couple asked us to help with their next big leap: buying a home. We worked with them for several months, advising them on savings plans and down payment options. When they were ready, our Advance Approval® program enabled them to win the first bid they made on a home. They never thought it could happen, but when we closed in less than 15 days, all their years of rebuilding had a happy ending!
Being new to the U.S., I knew home financing would be challenging, but RPM's expertise on qualifying foreign nationals made it a breeze.
A client from Australia who'd been here for less than a year on a work visa needed help purchasing a home but didn't have U.S. tax filings, credit scores, or assets. Nevertheless we assured him, his agent, and the sellers that we could perform. We were able to use a foreign credit report, and worked with the client to document non-U.S. property sales and very complex multi-currency asset transfers. Despite the complexity, we closed in 30 days.
After I almost lost my home because another lender couldn't perform, RPM made miracles happen.
Twenty days into their 30 day home purchase contract with no loan approval or appraisal, a buyer's realtor asked if we could rescue the deal. We quickly packaged their loan, but mid-way through found an undisclosed property they owned, resulting in a debt-to-income ratio too high for qualifying. With our help and guidance, we added a non-occupant co-borrower to their loan, packaged the file for re-submission, and still closed within 12 business days.
I was stressed relocating for a new job, and feared I'd lose out on my first home. RPM calmed my nerves and closed on time.
A buyer relocating from Oregon to California was working with another lender for weeks without a loan approval in sight. The seller had already given the buyer two extensions and offered one last chance. The buyer's realtor referred him to us and we were able to approve his new job's income using only his offer letter. From meeting the client to closing, we got it all done in 12 days, saving and keeping him focused on the move and the job!
Our RPM refi paid off not one but three home loans plus a credit card, saving us 1,300 dollars a month--it was a huge blessing in our lives.
When a client was concerned they may not qualify for their refinance, we looked at their whole financial picture to offer alternative options to help them save. With our suggestions, they were able to pay off their home improvement loan and their existing first and second mortgages, saving them $800 per month. We also used a credit card payoff to help them qualify for the loan, saving them another $500 per month. The $1300 monthly cost reduction opened up a new world of savings and investing options for them.
When other lenders couldn't commit to my 15-day close, RPM's speed, service, and execution helped me win a bidding war.
Clients looking to move into a neighborhood with a better school district chose us after comparing rates between multiple lenders. After we completed their Advance Approval®, they waived all contingencies on a 15 day close to win a bidding war in a highly desirable neighborhood. Because they had a $2 million loan, their transaction required two appraisals, and one of the appraisals came in low after the bidding war pushed up the home price. The clients increased their down payment to offset low appraisal, knowing the long-term value of the home and neighborhood - and we still closed in 13 days, allowing them to move in two days early!
For RPM to meet such short closing deadlines and help me beat an all-cash offer was truly amazing.
A few months before coming to RPM, a client's offer on a property she loved was outbid by another buyer. After she found us on Yelp, we pre-approved her, and a few days later that same home went back on the market because the original buyer backed out. Our buyer was up against an all-cash 14-day close, but the seller needed to close sooner to meet a financial deadline, so they accepted our client's offer instead. We closed in just 8 business days. She's now settled into her new home, and we're already working on her second home purchase.
After another lender advised incorrectly on a home purchase two weeks into the deal, we took over and still closed on time.
A financial planner referred a couple who was already halfway through a 30-day close on their purchase of a duplex for the couple and the wife's mother. Their previous lender mistakenly structured their loan as an investment, causing the rate and down payment to be higher than they budgeted. We took over, presented a much more affordable 20% down option, re-appraised the property as owner-occupied, and closed within the 2 weeks that were left.
When buying a new home closer to our daughter and grandkids, RPM preserved our retirement savings and reduced our monthly budget by hundreds.
A competing lender who knew RPM had a program that used bank statements as an alternative to income referred us a couple who needed help qualifying. They wanted to keep their existing home as a rental and buy a new home closer to family. To leave their retirement savings untouched, we recommended taking cash out from their existing home to buy a new home. This strategy kept $100,000 invested and reduced their existing property payment by $200 a month. And, we got it all done two weeks ahead of schedule.
The whole process has been like a dream, and we're closing a week early.
Within 24 hours of meeting a first time homebuyer client, we gathered his documents and issued an Advance Approval®, enabling him to shop for a home with his loan already approved. He initially wanted to conserve cash using a lower down payment until we showed him how to ultimately save more using a slightly larger down payment to get a lower rate. When he got into contract, we got appraisal in three days and loan documents in five, enabling him to become a homeowner in just 11 business days!