Buyer Info

Columbus Mortgage Rates: :-)…Yes sir!!! My favorite number is "4".

People

The market went in our favor yesterday afternoon and again this morning forcing the 30 year fixed rate down to below 5% again. My concern is crude oil prices increasing along with gas prices. I’m worrying about long term inflation and is this the start of it?

Mortgage Tip of the Day: Did you know now, Joe Testa’s website can show all the recent sales to any specific house in Franklin within a certain radius of the house? It shows it on map form or it can create a list of sales with a detailed description of each sale. After pulling up a specific house on Joe Testa’s site, to the left is a line indicating “Area Sales Activity”. You work from there.

Thought of the Day: Leaders aren’t born they are made. And they are made just like anything else, through hard work. And that’s the price we’ll have to pay to achieve that goal, or any goal.

Today’s Fun Fact: Marilyn Monroe claimed the only thing she wore to bed was Chanel Number 5.

You know you’re From Columbus when… …your Halloween costume was specially made to fit over a snow suit.

Fact or Crap?: In the Shrek movies, the voice of Princess Fiona is Cameron Diaz.

Legal Stuff

These rates are effective as of Tues., May 12, 2009 at 11:30am. These rates can change without notice.

Rates: 5/12/09 4.875% 30 year fixed (down .125%) purchase or rate and term refinance

5.000% 30 year fixed (down .125%) cash out refinance***

4.625% 15 year fixed (same) purchase or refinance

4.750% 15 year fixed (same) cash out refinance***

5.500% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.000% FHA (same)

5.250% VA (same)

7.500% Jumbo 30 year fixed (same)

***Cash out refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage.

30 days, escrow, $110K thru $417K loan amount, owner occupied, single family house, non condo, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

We CANNOT lock in an interest rate on a loan with a voicemail or email. The customer MUST talk to the loan officer over the phone or in person before it can be confirmed. The market changes too frequently. We recommend calling during business hours to make sure we have all the markets open and available.

Fixed Rates and 10/1, 7/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 96.5% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 4.953% $529.21 Interest and Principal

30 Year Fixed Cash Out APR 5.079% $536.82 Interest and Principal

15 Year Fixed APR 4.759% $771.4 Interest and Principal

15 Year Fixed Cash Out APR 4.885% $777.83 Interest and Principal

Bond Money APR 6.150% $616.94 Interest, Principal, and Mortgage insurance

FHA APR 5.949% $592.05 Interest, Principal, Mortgage insurance

VA APR 5.293% $549.71 Interest and Principal

Jumbo 30 Year APR 7.591% $2,921.82 Interest and Principal

Answer: FACT: But her singing voice is provided by Renee Sandstrom whose bands include Kids Incorporated and Wild Orchid.

Stephen Wagner

Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078