STUFF YOU DIDN’T KNOW YOU DIDN’T KNOW:
It is impossible to lick your elbow.

MORTGAGE TIP OF THE DAY:
We highly recommend the borrower NOT go on vacation immediately after they go into contract and we cannot have any contact with the customer. It totally ties our hands in getting stuff done. Stay in town. Keep communication available.

THOUGHT OF THE DAY: (This is the serious part)
“Emperors, kings, artisans, peasants, big people, little people—at bottom we are all alike and all the same; all just alike on the inside, and when our clothes are off nobody can tell which of us is which.”
Mark Twain (1835-1910)
American Author

FUN FACTS:
On this date in 1620 the first Merry-Go-Round was introduced at a Turkish fair.

Friday, May 17, 2013, 10:50 am
Loan Program Rate:

30 Year Fixed Mid to Upper 3%’s (slightly worse)
15 Year Fixed Low 3%’s (slightly worse)
FHA Fixed low to Mid 3%’s (same)
Jumbo Fixed High 3%’s (slightly worse)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Know how to drive a stick shift.

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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	190 Dominion Blvd Columbus OH 43214 Open House 1-3 pm More Info	$189,900 1,342 Sq ft 2 Bedrooms 2 Baths
	539 E Lincoln Ave Columbus OH 43214 Open House 1-3 pm More Info	$147,900 1,044 Sq ft 3 Bedrooms 1 Bath
	3758 Echo Place Powell OH 43065 Open House 2-4 pm More Info	$269,900 2,664 Sq ft 2 Bedrooms 3.1 Baths

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STUFF YOU DIDN’T KNOW YOU DIDN’T KNOW:
Coca-Cola was originally green.

MORTGAGE TIP OF THE DAY:
A new Good Faith Estimate is coming out soon for the consumer. I saw a draft of it yesterday and it is 300% better than what we are dealing with now. Someone thought this one through.

THOUGHT OF THE DAY: (This is the serious part)
“Inflation makes balloons larger and candy cars smaller.”
David L. Kurtz (1941- )
American Educator and Business Writer

FUN FACTS:
On this date in 1929 the first Oscars were given out.

Thursday, May 16, 2013, 12:05 pm
Loan Program Rate:

30 Year Fixed Mid to Upper 3%’s (better)
15 Year Fixed Low 3%’s (better)
FHA Fixed low to Mid 3%’s (same)
Jumbo Fixed High 3%’s (better)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Give people a second chance, but not a third.

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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Father’s Day this year is Sunday, June 16. How about doing something a little different to celebrate Dad this year. Maybe he has enough ties and coffee?  Try one of these fun events or venues and have an adventure with your father or grandfather.

The Columbus Team salutes all our friends and neighbors who are fathers. Thanks Dads!  And a very Happy Father’s Day to each and every one of you!

Fatherhood Expo 2013
COSI
333W Broad Street
Columbus, OH 43215
June 14-16 from 10am-5pm

Three days of Dad-friendly activities and events, including admission to COSI, empowerment workshops, vendors with father friendly products, and more! PLUS visit COSI with your kids!
$14 for adults, $10 for kids

Wooden Pen Turning
Columbus Idea Foundry
1158 Corrugated Way
Columbus, OH 43201
Sunday, June 16, 1-5pm

Sign your Dad up to learn to turn a wooden pen, engrave it with a laser, and fit it with the insides to be a working ball point pen. Cold beer and snacks afterward! Teens are welcome to participate, but without the beer. One registration is for two people, so just register the person who is paying.
$75 per pair for members, $85 per pair for non-members

Build a Modular Wine Rack/Bookshelf
Columbus Idea Foundry
1158 Corrugated Way
Columbus, OH 43201
Sunday, June 16, 1-5pm

Make a wooden box with a choice of shelf placement to hold wine and/or books! All the skills you need will be taught by a master woodworker. Teens and adults only, call with questions.
$85 per person for members, $95 per person for non-members

Take Dad to a concert!

Friday, June 14
Frankmusik
at The Basement

CSO Picnic with the Pops
at The Columbus Commons

Sesame Street Live
Palace Theater

The National
Saturday June 15, at Lifestyles Communities Pavillion

Sunday, June 16
cute is what we aim for
at The Basement

Dawes
at The Bluestone

Monday,June 17
The Heavy
at A and R Music Bar

Father’s Day at the Zoo
Columbus Zoo and Aquarium
4850 Powell Road, Powell, 43065
Open 9am-7pm

Enjoy Dinosaur Island with 25 animatronic dinosaurs on display, as well as the zoo animals and other Father’s Day events. Dads and Grandpas get in free with a paid child admission.
Admission is $10 for children 2-9, $15 for ages 10-59, $11 for Seniors

Creekside Blues & Jazz Festival
Creekside Park
123 Mill Street, Gahanna 43230

Three day festival of Blues, Jazz, artisans, and rides. Come join us for the 15th annual celebration!
Tickets are $4, children under 12 and active military are free.

Father’s Day at the Conservatory
Franklin Park Conservatory
1777 E Broad Street, Columbus, 43203

Lots of fun with Dads on Sunday, Father’s Day. Make a paper airplane! Dads and kids can try their hand at making the perfect paper airplane. Supplies and instruction included. Juggler at 2pm. And Summer BBQ tastings for $2! at 1–4pm. at the Live Fire Cooking Theater on the Community Garden Campus and sample grilled chicken wings and beef kabobs. ($2 per tasting)
Admission $11 for adults, $9 for Seniors, and $6 for kids, under 2s free.

Play Ball!
Columbus Clippers
330 Huntington Park Lane, Columbus, 43215

Is Dad a baseball fan? Take Dad out to see the Clippers play the Red Sox on Monday, on Dime-A-Dog night!
Monday, June 17, tickets are from $4.75-$30, depending on the seats.

Please note: this list was correct as of the writing date, but things do happen to cause changes that we cannot predict. Contact the venue directly for up-to-the-moment information.

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ADULT TRUTHS:
The first testicular guard, the “Cup” was used in Hockey in 1874 and the first helmet was used in 1974. That means it took only 100 years for men to realize that their brain is also important.

MORTGAGE TIP OF THE DAY:
The Fed’s will not allow us to take in an application fee until AFTER the borrower signs the disclosures.

THOUGHT OF THE DAY: (This is the serious part)
“My father used to say, ‘Don’t raise your voice. Improve your argument.”
Desmond Tutu (1931- )
South African Activist and Cleric

FUN FACTS:
On this date in 1950 the first Diner’s Club credit card was issued.

Monday, May 13, 2013, 12:15pm
Loan Program Rate:

30 Year Fixed Upper to Mid 3%’s (much worse)
15 Year Fixed Low 3%’s (much worse)
FHA Fixed low to Mid 3%’s (worse)•
Jumbo Fixed Low 4%’s (much worse)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Conduct family fire drills. Be sure everyone knows what to do in case the house catches fire.

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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ADULT TRUTHS:
Even under ideal conditions people have trouble locating their car keys in a pocket; finding their cell phone; and pinning the tail on a donkey….but I’d bet everyone can find and push the snooze button from 3 feet away, in about 1.7 seconds, eyes closed, first time, every time.

MORTGAGE TIP OF THE DAY:
FHA requires we do a search on all the parties involved on a transaction. Buyer, seller, both Realtors, lender to make sure FHA wants to do business with them AGAIN. If one of those folks screwed over FHA, NO DEAL.

THOUGHT OF THE DAY: (This is the serious part)
“Next to doing a good job yourself, the greatest joy is in having someone do a first-class job under your direction.”
William Feather (1889-1981)
American Author and Publisher

FUN FACTS:
On this date in 1869 the Golden Spike was driven in Promontory, Utah to complete the first transcontinental railroad.

Friday, May 10, 2013, 11:35 am
Loan Program Rate:

30 Year Fixed Mid to Upper 3%’s (slightly worse)
15 Year Fixed Upper 2%’s (same)
FHA Fixed low to Mid 3%’s (worse)
Jumbo Fixed High 3%’s (same)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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 compromise your integrity.

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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ADULT TRUTHS:
I love the sense of camaraderie when an entire line of cars team up to prevent a jerk from cutting in at the front. Stay strong, brothers and sisters.

MORTGAGE TIP OF THE DAY:
One of the newer Fed’s rules is that if the APR comes in higher or lower than .125% from the original disclosure, we must re-disclose several pieces of information and wait THREE business days. This creates a high stress situation. The borrower is NOT allowed to waive that three day wait.

THOUGHT OF THE DAY: (This is the serious part)
“She cried and the judge wiped her tears with my checkbook.”
Tommy Manville (1894-1967)
Oft-Married American Asbestos Manufacturer

FUN FACTS:
On this date in 1886 Dr. John Pemberton of Atlanta, Georgia invented Coca Cola.

Wednesday, May 8, 2013, 10:25 am
Loan Program Rate:

30 Year Fixed Mid to Upper 3%’s (same)
15 Year Fixed Upper 2%’s (same)
FHA Fixed low to Mid 3%’s (same)
Jumbo Fixed High 3%’s (same)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Acquire things the old-fashioned way: Save for them and pay cash. (except for buying a house)

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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ADULT TRUTHS:
How many times is it appropriate to say “what?” before you just nod and smile because you still didn’t hear or understand a word they said?

MORTGAGE TIP OF THE DAY:
We highly recommend that when writing a contract that not only is it subject to financing but that the house appraises for at least the purchase price. If the borrower has a large down payment, we will approve the loan even if the house does not appraise for the right amount. It would give the borrower a way out or more negotiating power if the property doesn’t appraise.

THOUGHT OF THE DAY: (This is the serious part)
“A whipping never hurts so much as the thought that you are being whipped.”
Ed Howe (1853-1937)
American Journalist

FUN FACTS:
On this date in 1915 the Lusitania went to the bottom of the sea after being torpedoed by a German U-boat, hastening America involvement in World War I.

Tuesday, May 7, 2013, 1:15 pm
Loan Program Rate:

30 Year Fixed Mid to Upper 3%’s (slightly worse)
15 Year Fixed Upper 2%’s (same)
FHA Fixed low to Mid 3%’s (slightly worse)
Jumbo Fixed High 3%’s (same)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Remember no one makes it alone. Have a grateful heart and be quick to acknowledge those who help you.

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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ADULT TRUTHS:
I have a hard time deciphering the fine line between boredom and hunger.

MORTGAGE TIP OF THE DAY:
The Fed’s will NOT allow us to take an application fee in advance therefore we cannot order the appraisal until AFTER the borrower has signed the disclosures we prepare. It can slow things up if the borrower doesn’t cooperate.

THOUGHT OF THE DAY: (This is the serious part)
“You’d be surprised how much it costs to look this cheap.”
Dolly Parton (1946- )
American Singer

FUN FACTS:
On this date in 1626 Peter Minuit bought Manhattan Island for $2

Monday, May 6, 2013, 11:50 am
Loan Program Rate:

30 Year Fixed Mid to Upper 3%’s (worse)
15 Year Fixed Upper 2%’s (worse)
FHA Fixed low to Mid 3%’s (worse)
Jumbo Fixed High 3%’s (same)

Provided for informational purposes only.
This is an advertisement.
RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Don’t flush urinals with your hand—use your elbow.

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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ADULT TRUTHS:
I disagree with Kay Jewelers. I would bet on any given Friday or Saturday night more kisses begin with ‘Miller Lite” than “Kay”.

MORTGAGE TIP OF THE DAY:
We are going to do a series on USDA loans. We have those loans available at Priority Mortgage and we do a lot of them. I will be going through over the next few days the various provisions:
1. 100% financing is available
2. There is a Guaranteed Funding Fee which is exactly like MIP or PMI. There is an upfront fee of 2.000% which can be financed into the loan like FHA and a .40% in the payment.
3. There is a maximum income HOUSEHOLD limit. The more folks living in the house the higher income. In Franklin and surrounding counties, a one person household is slightly above $74,000. With an 8 member household or higher it is just over $100,000 income per year.
4. If a borrower owes 6 payments or less on any installment debt, USDA does NOT count it against them.
5. USDA bases the loan off the appraised value rather than the purchase price. They use whichever is higher. All other loan programs uses whichever is lower rather than higher.
6. No cash back to the borrower at closing. Need to watch seller paying closing costs along with the tax proration credit. Together, they can’t be too high.
7. The people on the note must match the people on the title. They add up the total income of ALL people living in the house whether they are on the note or not.
8. 5 acre maximum for USDA loans. (They aren’t looking for farms)
9. If you are trying to determine if a property is USDA eligible, click here, and then type in the full property address. It will say “YES” “No” or incomplete address.
10. Condo’s can financed in this program. They follow, Freddie Mac, Fannie Mae and FHA guidelines.
11. A relative may gift funds for the closing costs if the seller is not paying them.
12. USDA will only finance an owner occupied property, no second homes, no investment properties.
13. The borrower going through “payment shock”, that is, a dramatic increase in payment, is a big issue with USDA. Even though their ratios can afford the new payment, loans may be turned down for that reason.
14. The MCC program is available on this program with the state.
15. Three is a three year waiting period after a bankruptcy before they can finance with USDA.
16. No manufactured housing (house trailers).
17. No non-occupant co-borrowers. (co-signers that don’t live in the property)

THOUGHT OF THE DAY: (This is the serious part)
“If you are truly serious about preparing your child for the future, don’t teach him to subtract–teach him to deduct.”
Fran LeBowitz (1950- )
American Author

FUN FACTS:
On this date in 1973 Chicago’s Sears Tower, which at that time was the world’s tallest building, opened for business.

Friday, May 3, 2013, 11:00 am
Loan Program Rate:

30 Year Fixed Mid 3%’s (slightly worse)
15 Year Fixed Upper to Mid 2%’s (slightly worse)
FHA Fixed low to Mid 3%’s (slightly worse)
Jumbo Fixed High 3%’s (slightly worse)

Provided for informational purposes only.

RATES CAN CHANGE SEVERAL TIMES IN ONE DAY. We are at the mercy of the day’s market.

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:
Don’t bore people with your problems. When someone asks you how you feel– say “Terrific, never better.” When they ask, “How’s business? reply, “Excellent, and getting better every day.”

Steve Wagner
Priority Mortgage Corp
The Martin, Traxler, Wagner Team

Cell: (614) 271-0888
Office: (614) 410-9177
Fax: (614) 410-6910
Home Office: (614) 445-6667

steve@mtwteam.com
www.mtwteam.com
www.priortymortgage.com

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