Primary Capital Mortgage Loans

FOR IMMEDIATE RELEASE

For more information, contact:
George Phelps, 1.800.540.4388
gphelps@primarycapital.com



Primary Capital Mortgage Introduces New Jumbo Mortgage Program:
Jumbo Alt-A


New Jumbo Loan Program Features Higher Loan Amounts, Competitive Rates


ATLANTA, April 26, 2007 - Primary Capital Mortgage, the premier residential mortgage company, announced the establishment of its newest jumbo mortgage program, the Jumbo Alt-A. This new jumbo loan program offers an expanded loan amount of $6 million, making it an attractive option for those seeking the purchase of a second home or investment property. The program also has extended LTV options, offering borrowers the ability to make a smaller down payment than other jumbo loan programs offer.


Other features of this jumbo mortgage program include:

 

  • An interest-only option
  • Rate lock commitments of up to 180 days with a float down option
  • Mortgages for non-warrantable condos and for condo hotels
  • Competitive pricing with lower premiums

"We are pleased to be able to extend the scope of our services with this new jumbo loan program," said George Phelps, executive managing director of Primary Capital Mortgage. "We feel that the Jumbo Alt-A mortgage program gives borrowers looking for larger loan amounts, more options and better pricing than other programs that may be out there, all backed by Primary Capital's solid reputation as an industry leader."


Interested borrowers looking for super jumbo alt-a mortgage loans can visit Primary Capital's consumer site, www.mortgage-in-motion.com for more information on the Jumbo Alt-A program. Mortgage brokers will find additional details about this jumbo loan program at Primary Capital's broker portal, www.pcmexpress.com.


About the Company

Primary Capital Mortgage is a leading residential mortgage company headquartered in Atlanta. The company offers innovative products and services through three channels: wholesale lending, online mortgage program, and retail lending. Currently operating in 30 states, Primary Capital Mortgage closes over $1 billion in business annually. For more information, brokers are invited to visit www.pcmexpress.com and consumers can check out www.mortgage-in-motion.com.