Insurance Update – Fire Season is Upon Us

Happy Friday,

Interesting week…

Things seemed to be improving financially, but then the Dow reacted with news of new Corona outbreaks (down by 5% yesterday but up today by 1.43% as of this morning).  Some good news, unemployment remains much lower here in the bay area compared to other places throughout the US and housing inventory remains low forcing home prices higher.  Great for home owners and investors but not so great for buyers.

Next, I met with my good friend, Bernard Lauper with Risk Strategies to learn what home owners should do if they own property in the suburbs or rural parts of California, as fire season is upon us, noted by the recent brush fires in San Jose and in Los Angeles.  See video at

Lastly, below are our current rates.  What’s interesting is I shared this with a client, this week, and he conveyed that our 7/1 was super competitive compared with other retail banks and brokers for a few reasons.  Most retail bank are requiring 780+ fico to get the lowest rates, we don’t have that requirement.  Most retail banks require 24 months of liquid assets but don’t count retirement accounts.  We do count them.  Lastly, many retail banks are not doing cashout refi’s on jumbos, 80/10/10’s on purchases, or debt to income ratios over 38%, the list goes on, but we do.  If you want a flexible lender who is still closing purchases in 30 days or less and refi’s in 45 days or less, contact us.

Have a Great Weekend!

Best Regards,

Rob McCarthy

Senior Mortgage Advisor

408-377-4123 o  650-465-8957 c e

101 Loan – 14435 C Big Basin Way, Saratoga, CA 95070

101 Loan LLC – CA DRE #01165697  NMLS #121019


  1. Residential Financing for Purchases and Refinances on 1 to 4 unit properties.
  2. Reverse Mortgage Financing to include Conforming, Jumbo, HELOC Jumbo’s.
  3. Commercial & SBA Financing to include Multifamily, Office, Retail and Light Industrial.
  4. Access to over 50 banks with over 200 “Five Star” Reviews on Yelp, Google, Facebook and Linkedin.


As requested, please see today’s best interest rates comprised of over 40 institutional and portfolio lenders throughout the United States.  For a customized quote based on your clients needs, please contact me.  Thanks.

BTW…We are still doing jumbo 80/10/10’s (10% down) and Jumbo Cashout Loans.  For more info, please contact me.  Thanks.

Have a Great Day!


1) 30yr Fixed Conforming ($250k – $765,600)
RateDisc. PointsAPR


2) 15yr Fixed Conforming ($250k – $765,600)
RateDisc. PointsAPR


3) 30 Year Fixed Jumbo ($765.7k and above)
RateDisc. PointsAPR


4) 10/1 ARM Jumbo ($765.7k and above)
RateDisc. PointsAPR


5) 7/1 ARM Jumbo ($765.7k and above)
RateDisc. PointsAPR


6) 5/1 ARM Jumbo ($765.7k and above)
RateDisc. PointsAPR


Specialists in Residential, Commercial and Reverse Mortgage Financing

For More Info, please
contact me at:

Rob McCarthy
Senior Mortgage Advisor

650-465-8957  Cell

CA DRE Lic 01165697
NMLS #121019

Over 200 “5 Star” Reviews
on Yelp at:

Recent Market News…










Disclaimer: The above rates are based on 75% ltv or less with a 43% debt to income ratio or less. On Jumbo products, some programs require 9 or more month of PITI reserves. For details, please contact me. For a custom quote, specific to your needs and current financial situation, please contact us. Rates and fees are subject to change without notice or until locked in and approved by lender. 101 Loan LLC – 1601 S De Anza Blvd, Suite 260, Cupertino, CA 95014. CA DRE- License # 01165697 NMLS #121019. 101 Loan LLC is licensed by the CA Department of Real Estate. Equal Opportunity Lender.