Just Approved: Lower debt-to-income saves deal

Mortgage adviser: Brenda Wyatt, All California Mortgage.

Property type: Rockridge, Oakland.

Loan type: Jumbo.

Purchase price: $875,000

Down Payment: 10 percent.

Rate: 4.375 percent.

Backstory: A relocating client was hunting for a new primary residence, so I completed a full loan approval up front through our Advance Approval program, enabling them to shop for a home with an approved loan.

While they shopped, I reviewed their second home loan and found they were in an interest-only 40-year fixed loan.

By refinancing them into a 30-year fixed in just 19 business days, I reduced their rate by 1.