The Columbus Team | Real Estate http://www.thecolumbusteam.com Your source for Worthington, Dublin, Columbus & Central Ohio Real Estate Information Fri, 18 May 2012 17:53:47 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-172/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-172/#comments Fri, 18 May 2012 17:53:47 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17208 The Greece and Spain disaster is really helping us out. They both are on the verge of collaspe and funds are flowing from Europe to the US. Folks are buying mortgage backed securities, a safe harbor. When will this end? We are at the all time low. My charts only go to 1950 and we are back lower than it. Amazing.

MORTGAGE TIP OF THE DAY:
For the next few days I will be doing a series of daily emails about the differences between FHA and conventional. I will be adding one new item every day:
1. FHA wants 3.5% down, conventional wants 5% down. 3% down for conventional is available in central Ohio but at a higher rate and higher PMI.
2. FHA has an upfront MIP insurance of 1.75% that can be financed in where conventional has NO upfront fee.

THOUGHT OF THE DAY: (This is the serious part)
“Money can’t buy friends, but you can get a better class of enemy.”
Spike Milligan (1918- )
British actor and motion picture director

FUN FACTS:
A died-in-the-wool Democart, Harry Truman refused to have anything to do with Dumbo the Elephant on a 1957 visit to Disneyland.

Friday, May 18, 2012, 11:00am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.750% (same) 3.848% $926.24 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.125% (same) 3.301% $1,393.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.250% (same) 3.426% $1,405.34 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (Same) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Be a student in some kind of class.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-172/feed/ 0 Open Houses for Sunday, May 20 http://www.thecolumbusteam.com/2012/05/open-houses-for-sunday-may-20/ http://www.thecolumbusteam.com/2012/05/open-houses-for-sunday-may-20/#comments Thu, 17 May 2012 18:15:09 +0000 admin http://www.thecolumbusteam.com/?p=17200 2 of The Columbus Team listings will be having an Open House this weekend, Sunday, May 20, 2012. Stop by to say hello!

_____________________________________________________________________________________

View this listing

364 Blenheim Rd
Columbus 43214
Open House 1-3pm

_____________________________________________________________________________________

View this listing

90 Oakland Park Ave
Columbus 43214
Open House 2-4pm

_____________________________________________________________________________________

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/open-houses-for-sunday-may-20/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-171/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-171/#comments Thu, 17 May 2012 16:29:50 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17195 The European situation is still forcing mortgage rate down. The Chase Bank loss seems to be growing as the days go on. This is affecting mortgage rates, too. The weird part going on out there is that curde oil continues to drop but gasoline prices are going up. What’s up with that?

MORTGAGE TIP OF THE DAY:
For the next few days I will be doing a series of daily emails about the differences between FHA and Conventional. I will be adding one new item every day:
1. FHA wants 3.5% down, Conventional wants 5% down. 3% down for Conventional is available in central Ohio but at a higher rate and higher PMI.

THOUGHT OF THE DAY: (This is the serious part)
“Capitalism without bankruptcy is like Christianity without hell”
Frank Borman (1928- )
American astronaut and business executive

FUN FACTS:
Clark Gable’s discharge papers were signed by Major Ronald Reagan.

Thursday, May 17, 2012, 11:00am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.750% (-.125%) 3.848% $926.24 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 3.875% (-.125%) 3.947% $940.48 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.125% (same) 3.301% $1,393.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.250% (same) 3.426% $1,405.34 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (Same) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Teach some kind of class.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-171/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-170/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-170/#comments Wed, 16 May 2012 18:12:03 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17161 The market is about the same this morning. Crude Oil is still drifting down but the prices have gone up in Central Ohio lately. That is so weird.

Wednesday, May 16, 2012, 11:25am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.125% (same) 3.301% $1,393.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.250% (same) 3.426% $1,405.34 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (Same) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

LEGAL STUFF

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Return all things you borrow.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-170/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-169/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-169/#comments Tue, 15 May 2012 17:32:34 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17156 The market is against us this morning. It has something to do with the Greece situation. Crude Oil is still down but for some reason gasoline in Central Ohio jumped up a few cents over night. Doesn’t make a bit of since to me.

MORTGAGE TIP OF THE DAY:
Owners and lenders title insurance premiums are controlled by state law. The fees that vary from company to company is the closing fee, search fees and other minor charges. The majority of the charge is the title insurance policy.

THOUGHT OF THE DAY: (This is the serious part)
“I have a simple philosophy. Fill what’s empty. Empty what’s full. Scratch where it itches.”
Alice Roosevelt Longworth (1884-1980)
Daughter of President Theodore Roosevelt

FUN FACTS:
Wall Street’s name stems from colonial times when a wall was built around Lower Manhattan to protect cattle from Indian raids.

Tuesday, May 15, 2012, 11:25am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.125% (same) 3.301% $1,393.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.250% (same) 3.426% $1,405.34 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (Same) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

LEGAL STUFF

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Put the cap back on the toothpaste.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-169/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-168/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-168/#comments Mon, 14 May 2012 16:39:59 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17075 The market is still reacting to the European situation. It is being threatened that Greece will be leaving the EU for their lack of austerity. It is always difficult to take away from a population after having it given to them for a long time. I just hope American isn’t eating out of the same trough as the PIIGS (Portugal, Ireland, Italty, Greece and Spain). Crude Oil has again dropped dramatically this morning, just under $2.00 a barrel. The market is still in shock in Chase’s tremendous $2 billion loss last quarter.

MORTGAGE TIP OF THE DAY:
Priority Mortgage charges an application fee of $395.00 for an owner occupied, single family house. This is not an extra but only the borrower is prepaying for the appraisal and the credit report. At the time of closing, this application fee is credited back to the borrower. If the loan does not close for any reason, the application fee is kept. The appraiser and the credit report people charge even if the loan does not close.

THOUGHT OF THE DAY: (This is the serious part)
“When in doubt, risk it.”
Holbrook Jackson (1874-1948)
English journalist, editor, and author.

FUN FACTS:
Lee Trevino, Jerry Heard and Bobby Nichols were all struck by lightning during the same golf tournmanet in 1975.

Monday, May 14, 2012, 11:00am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.125% (-.125%) 3.301% $1,393.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.250% (-.125%) 3.426% $1,405.34 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (Same) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

LEGAL STUFF

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Surprise loved ones with little unexpected gifts.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-168/feed/ 0 Astronomy Fun for Columbus Kids! http://www.thecolumbusteam.com/2012/05/astronomy-fun-for-columbus-kids/ http://www.thecolumbusteam.com/2012/05/astronomy-fun-for-columbus-kids/#comments Fri, 11 May 2012 19:50:14 +0000 admin http://www.thecolumbusteam.com/?p=16918

Recently, our moon has appeared quite large and bright in the night sky. For many of us amateur nighttime sky-watchers, it’s been a great time to take a look at our moon’s features. The lunar landscape is close enough to get a decent glimpse with just a pair of good binoculars or a child’s telescope!

For points of interest in the solar system and in our galaxy, whether you’ve got a spiffy pro telescope, or just a pair of binocs and a comfy hammock or lounger, visit a great website for sky-watchers of all ages and abilities, universetoday.com, and tour the visible universe. Enjoy some science fun in your own backyard!

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/astronomy-fun-for-columbus-kids/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-167/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-167/#comments Fri, 11 May 2012 14:52:42 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17070 The market again is in our favor. The annoucement this morning of Chase’s staggering first quarter loss made the markets move our direction. Crude Oil is also down this morning a dollar a barrel. Gasoline can be found in Central Ohio at $3.53 a gallon. Have a Happy Weekend.

MORTGAGE TIP OF THE DAY:
FHA has an upfront MIP insurance amount of 1.75% of the base loan amount. That fee can be 1) paid by the buyer, 2) financed into the loan, which usually happens, 3) paid by the seller, or 4) paid by the lender in exchange for paying a higher interest rate. There is also a MIP fee in the payment of 1.25% with at 3.5% down payment.

THOUGHT OF THE DAY: (This is the serious part)
“Nothing is more irritating as the fellow that chats pleasantly while he’s overcharging you.”
Frank McKinney (Kin) Hubbard (1868-1930)
American humorist

FUN FACTS:
Three women have appeared on U.S. currency: Martha Washington, on the $1 silver cerificate; Pocahontas, on the back of the 1987 $20 bill; and women’s suffrage leader Susan B. Anthony, on the 1979 Silver Dollar.

Friday, May 11, 2012, 10:40am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.250% (same) 3.426% $1,405.34 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.375% (same) 3.498% $1,417.46 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (Same) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

LEGAL STUFF

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Stop blaming others. Take responsibility for every area of your life.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-167/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-166/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-166/#comments Thu, 10 May 2012 19:55:10 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17056 The market is going slightly against us this morning. Jobless numbers came out for April and they were better than expected. Crude Oil is still down this morning. I noticed gas last night at $3.59 a gallon. It is finally happening. Go to Columbus Gas Prices and look where the cheap gas finally arrived.

MORTGAGE TIP OF THE DAY:
In the mortgage business, we have points and negative points. How this works is the borrower paying points brings the mortgage rate down. If the lender pays the BORROWER points but increasing the interest rate, the borrower can use those funds to pay their closing costs and prepaids (but not down payment).

THOUGHT OF THE DAY: (This is the serious part)
“He was a bold man that first ate an oyster.”
Jonathan Swift (1667-1745)
English satirist

FUN FACTS:
The fastest animal is the cheetah which can attain speeds of 70 mph.

Thursday, May 10, 2012, 11:45am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.250% (+.125) 3.426% $1,405.34 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.375% (+.125) 3.498% $1,417.46 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (+.250) 5.105% $2,243.91 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

LEGAL STUFF

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Buy vegetables from truck farmers who advertise with hand-lettered signs.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-166/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-165/ http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-165/#comments Wed, 09 May 2012 18:12:23 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=17051 The market again is in our favor. The topic is Europe and their bad financial situation. Crude Oil is also down almost $2.00 a barrel again today.

MORTGAGE TIP OF THE DAY:
There are two 100% financing option available at the moment. VA for veterans and USDA for country properties. Most of Franklin County is NOT available for the USDA loans. A small section of the country below Grove City is available.

THOUGHT OF THE DAY: (This is the serious part)
“Most people spend most of their days doing what they do not want to do in order to earn the right, at times, to do what they may desire.”
John M. Brown (1900-1969)
American literary critic

FUN FACTS:
More people drive on the left hand side of the road in the world than the right hand side.

Wednesday, May 8, 2012, 10:45am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.125% (same) 3.301% $1,393.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.250% (same) 3.426% $1,405.34 Interest and Principal
• Cash out refinance***

Bond Money 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.493% $1117.78 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 4.750% (same) 4.854% $2,180.49 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

LEGAL STUFF

Provided for informational purposes only.

• *APR – Annual Percentage Rate
• **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)
• ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage

All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount and Jumbo fixed loan amount is $418,000 and 20% down payment with the exception to the FHA and OHFA quotes which are based on a 3.5% down payment.

Qualifying Assumptions (unless otherwise noted): 30 day rate lock, $200K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance, 75% loan to value. Cash-out refinances (including paying off a non-purchase 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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.

THINGS MY MOM WOULD HAVE SAID:
Never mention being on a diet.

Rates and APRs Established By:

STEVE WAGNER Mortgage Consultant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Share and Enjoy

• Facebook • Twitter • Email • RSS ]]> http://www.thecolumbusteam.com/2012/05/columbus-mortgage-rate-update-165/feed/ 0