David Holmes

About David Holmes


David Holmes is managing director at Primary Capital Mortgage, where he is responsible for product development and risk management. 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, please visit www.mortgage-in-motion.com or www.pcmexpress.com.


About George Phelps


George Phelps is the executive managing director and president of Primary Capital Mortgage. He began his leadership career at Allatoona Federal as SVP and chief lending officer for Allatoona Federal and later became president and COO for Premier Lending Corporation, once Atlanta's third largest mortgage banking company. An advocate of the personal service only a smaller, entrepreneurial company can offer, George launched Primary Capital Mortgage in 2000. He credits his success to his super staff and senior managers, many of who have been with him from the start.

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Articles by David Holmes

The Option ARM Loan: Turning the American Dream into a Nightmare
At first glance, an Option ARM loan can seem like a great opportunity for someone who is looking to purchase a home with the lowest monthly payments possible. An Option ARM mortgage starts out with low "teaser" interest rates that are only good for a month but are extremely appealing. An Option ARM ...
Subprime Mortgage Loans: Why Choose Them When You Don't Have To?
In today's market, subprime mortgage loans - high-risk mortgages that charge a higher interest rate in order to compensate for a borrower's blemished credit record - often seem to be the only choice for someone with a low credit score or late payments who is looking for mortgage solutions. The truth...
The Benefits of Non-Warrantable Condo Financing
You may have heard about non-warrantable condo financing and have wondered how it can be useful. Imagine this scenario: You're a broker. You just land the opportunity to finance 10 units of a large new condominium development off the coast of South Carolina. You apply for financing for a borrower an...

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