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	<title>The Columbus Team &#124; Real Estate</title>
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	<description>Your source for Worthington, Dublin, Columbus &#38; Central Ohio Real Estate Information</description>
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		<title>Columbus Mortgage Market</title>
		<link>http://www.thecolumbusteam.com/2010/09/columbus-mortgage-market-8/</link>
		<comments>http://www.thecolumbusteam.com/2010/09/columbus-mortgage-market-8/#comments</comments>
		<pubDate>Wed, 01 Sep 2010 16:55:29 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6451</guid>
		<description><![CDATA[Go out there and sell something today. MORTGAGE TIP OF THE DAY: As you have probably guessed we are swamped with refinances but we REALLY WANT your purchase business. Purchase loans go to the front of the line. THOUGHT OF THE DAY: Don’t be afraid to ask what might seem to be a dumb question. [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/09/traffic-light.jpg" rel="shadowbox[post-6451];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/09/traffic-light-150x150.jpg" alt="" title="Red Signal Light" width="150" height="150" class="alignright size-thumbnail wp-image-6455" /></a>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
As you have probably guessed we are swamped with refinances but we REALLY WANT your purchase business.  Purchase loans go to the front of the line.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
Don’t be afraid to ask what might seem to be a dumb question. It’s better than making a real dumb mistake.<br />
<em>Christie Wallace Noring</em></p>
<p><strong>TODAY’S FUN FACT:</strong><br />
The first modern traffic light stopped traffic on Euclid Avenue in Cleveland in 1914.</p>
<p><strong>Rates:  Wednesday,  September 1, 2010, 11:00am </strong></p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.125%  (same)	4.212%	$484.65 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.250%  (same)	4.338%	$491.94 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.625%  (same)	3.778%	$721.04 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.750%  (same)	3.903%	$727.22 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate 	 	 	 </p>
<p><strong>LEGAL STUFF</strong></p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 1972 the great chess war ended as Bobby Fischer defeated Boris Spassky for the world title.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6451];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
]]></content:encoded>
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		<item>
		<title>Columbus Mortgage Rates: Yippy Skippy!</title>
		<link>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-rates-yippy-skippy-2/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-rates-yippy-skippy-2/#comments</comments>
		<pubDate>Tue, 31 Aug 2010 16:50:03 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Conventional loan]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6446</guid>
		<description><![CDATA[Market is in our favor yesterday afternoon and this morning. Go out there and sell something today. MORTGAGE TIP OF THE DAY: On a FHA loan, we are required to verify with the landlord that rent has been paid on time. Conventional does not require this. THOUGHT OF THE DAY: “We’re all in this together&#8211;by [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/paid-stamp.jpg" rel="shadowbox[post-6446];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/paid-stamp-150x150.jpg" alt="" title="Paid Stamp" width="150" height="150" class="alignright size-thumbnail wp-image-6447" /></a>Market is in our favor yesterday afternoon and this morning.  </p>
<p>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
On a FHA loan, we are required to verify with the landlord that rent has been paid on time.  Conventional does not require this.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
“We’re all in this together&#8211;by ourselves.”   <em>Lily Tomlin</em></p>
<p><strong>TODAY’S FUN FACT:</strong><br />
The 1944 World Series was played by two teams from the same city and in the same park.  The St. Louis Browns played the St. Louis Cardinals at Sportsman’s Park.</p>
<p><strong>Rates:  Tuesday,  August 31, 2010, 11:30 am</strong> </p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.125%  (-.125)	4.212%	$484.65 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.250%  (-.125)	4.338%	$491.94 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.625%  (-.125)	3.778%	$721.04 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.750%  (-.125)	3.903%	$727.22 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate 	 	 	 </p>
<p><strong>LEGAL STUFF</strong>                </p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 1963 Walter Cronkite began his 18 year stint as anchorman on the CBS Evening News.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6446];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Columbus Mortgage Market:  Hmmmm!!</title>
		<link>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-market-hmmmm-2/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-market-hmmmm-2/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 16:05:25 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Federal debt]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[Student loans]]></category>
		<category><![CDATA[Tax Lien]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6441</guid>
		<description><![CDATA[Friday afternoon rates jumped up three times. All the markets are back down this morning but not enough to put us back to where we were Friday morning. Go out there and sell something today. MORTGAGE TIP OF THE DAY: On all FHA loans delinquencies on federal debts such as student loans or tax liens [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/lightening.jpg" rel="shadowbox[post-6441];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/lightening-150x150.jpg" alt="" title="lightening" width="150" height="150" class="alignright size-thumbnail wp-image-6442" /></a>Friday afternoon rates jumped up three times.  All the markets are back down this morning but not enough to put us back to where we were Friday morning.</p>
<p>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
On all FHA loans delinquencies on federal debts such as student loans or tax liens must be paid off or arrangements must be made and documented.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
In the middle of difficulty lies opportunity.<br />
<em>Albert Einstein</em></p>
<p><strong>TODAY’S FUN FACT:</strong><br />
Lee Trevino, Jerry Heard and Bobby Nichols were all struck by lightning during the same golf tournament in 1975.</p>
<p><strong>Rates:  Monday,  August 30, 2010, 10:45 am</strong> </p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.250%  (+.125)	4.338%	$491.94 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.375%  (+.125)	4.464%	$499.59 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.750%  (+.125)	3.903%	$727.22 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.875%  (+.125)	4.029%	$733.44 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate 	 	 	 </p>
<p><strong>LEGAL STUFF </strong></p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 1991 Mike Powell leaped 29 feet, 4.5 inches to break the previous long-jump record of 29 feet, 2.5 inches held by Bob Beamon.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6441];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
]]></content:encoded>
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		<title>Superman saves home from Foreclosure!</title>
		<link>http://www.thecolumbusteam.com/2010/08/superman-saves-home-from-foreclosure/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/superman-saves-home-from-foreclosure/#comments</comments>
		<pubDate>Mon, 30 Aug 2010 15:30:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Community Info]]></category>
		<category><![CDATA[Greater Columbus News]]></category>
		<category><![CDATA[Action Comics]]></category>
		<category><![CDATA[Comic Connect]]></category>
		<category><![CDATA[Foreclosure]]></category>
		<category><![CDATA[Metropolis Collectibles]]></category>
		<category><![CDATA[saved from foreclosure]]></category>
		<category><![CDATA[stopping foreclosure]]></category>
		<category><![CDATA[Superman]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6433</guid>
		<description><![CDATA[Yes, that&#8217;s right. Superman saved a family home from foreclosure. A family packing to leave their home due to foreclosure found a box in the attic that contained what looked to be a true comic book collector&#8217;s dream: Action Comics #1, the “holy grail” for collectors because it is the comic book that first introduced [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/family3.jpg" rel="shadowbox[post-6433];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/family3-150x150.jpg" alt="" title="family3" width="150" height="150" class="alignleft size-thumbnail wp-image-6435" /></a>Yes, that&#8217;s right.  Superman saved a family home from foreclosure.  A family packing to leave their home due to foreclosure found a box in the attic that contained what looked to be a true comic book collector&#8217;s dream: Action Comics #1, the “holy grail” for collectors because it is the comic book that first introduced the Superman character.  The home had been in the wife&#8217;s family since the 1950&#8242;s, and her father had placed the comic there in the attic years ago.</p>
<p>The family contacted Stephen Fischler of Comic Connect and Metropolis Collectibles in New York. Mr. Fischler&#8217;s success in auctioning off previous copies of Action Comics #1 for 1 and 1.5 million dollars respectively.  Mr. Fischler was concerned that the family had found a valueless reprint copy, but upon viewing the photo they sent him, realized it was the real item.</p>
<p>Mr. Fischler has valued the comic at $250,000, enough to save the family home from foreclosure.  Superman saves the day!</p>
<p><a href="http://www.asylum.com/2010/07/23/superman-action-comics-1-saves-family-from-foreclosure/" target="_link"> Read the original article here.</a></p>
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		<title>Columbus Mortgage Rates:What a week!</title>
		<link>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-rates-what-a-week/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-rates-what-a-week/#comments</comments>
		<pubDate>Fri, 27 Aug 2010 18:19:01 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Conventional loan]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6419</guid>
		<description><![CDATA[Go out there and sell something today. MORTGAGE TIP OF THE DAY: The Arlington Bank charges the same rate for purchases as we do for refinances. No up charges here. THOUGHT OF THE DAY: Nothing great was ever achieved without enthusiasm. Ralph Waldo Emerson TODAY’S FUN FACT: A hurricane, typhoon and cyclone are all the [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/hurricane.jpg" rel="shadowbox[post-6419];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/hurricane-150x150.jpg" alt="" title="Hurricane Andrew Satellite Picture" width="150" height="150" class="alignright size-thumbnail wp-image-6420" /></a>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
The Arlington Bank charges the same rate for purchases as we do for refinances.  No up charges here.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
Nothing great was ever achieved without enthusiasm.<br />
<em>Ralph Waldo Emerson</em></p>
<p><strong>TODAY’S FUN FACT:</strong><br />
A hurricane, typhoon and cyclone are all the same thing.</p>
<p><strong>Rates:  Friday,  August 27, 2010, 12:30pm</strong> </p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.125%  (same)	4.338%	$484.65 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.250%  (same)	4.338%	$491.94 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.625%  (same)	3.778%	$721.04 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.750%  (same)	3.903%	$727.22 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate 	 	 	 </p>
<p><strong>LEGAL STUFF</strong></p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 1965 the Fab Four met the King as the Beatles had an audience with Elvis in his Los Angeles house.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6419];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
]]></content:encoded>
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		<title>Columbus Mortgage Market: Amazing!</title>
		<link>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-market-amazing/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-market-amazing/#comments</comments>
		<pubDate>Thu, 26 Aug 2010 18:06:02 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Conventional loan]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6413</guid>
		<description><![CDATA[Is a double dip recession coming? Sounds like it may happen. Go out there and sell something today. MORTGAGE TIP OF THE DAY: FHA requires we verify a borrower has been paying their rent on time for one year. Conventional does not require that. THOUGHT OF THE DAY: “We have met the enemy, and he [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/birthday-cake.jpg" rel="shadowbox[post-6413];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/birthday-cake-150x150.jpg" alt="" title="birthday-cake" width="150" height="150" class="alignright size-thumbnail wp-image-6415" /></a>Is a double dip recession coming?  Sounds like it may happen.</p>
<p>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
FHA requires we verify a borrower has been paying their rent on time for one year.  Conventional does not require that.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
“We have met the enemy, and he is us.”  Walt Kelly</p>
<p><strong>TODAY’S FUN FACT:</strong><br />
One out of every 125 Americans will die in an automobile accident.</p>
<p><strong>Rates:  Thursday,  August 26, 2010, 11:45am</strong> </p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.125%  (same)	4.338%	$484.65 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.250%  (same)	4.338%	$491.94 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.625%  (same)	3.778%	$721.04 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.750%  (same)	3.903%	$727.22 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate 	 	 	 </p>
<p><strong>LEGAL STUFF </strong>   </p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 1917 Icel Christine Poling Wagner was born in Marion Township, Hocking County, Ohio.  She is 93 years old.  Happy Birthday Mom.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6413];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
]]></content:encoded>
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		</item>
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		<title>Open Houses for Sunday, August 29</title>
		<link>http://www.thecolumbusteam.com/2010/08/open-houses-for-sunday-august-29/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/open-houses-for-sunday-august-29/#comments</comments>
		<pubDate>Thu, 26 Aug 2010 15:26:29 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Open Houses]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Columbus Real Estate]]></category>
		<category><![CDATA[open house]]></category>
		<category><![CDATA[the columbus team]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6406</guid>
		<description><![CDATA[5 of The Columbus Team listings will be having an Open House this weekend, Sunday, August 29, 2010. Stop by to say Hello! _____________________________________________________________________________________ View this listing 836 Singing Hills Lane Columbus 43235 Open House 2-4 pm _____________________________________________________________________________________ View this listing 243 W Schreyer Place Columbus 43214 Open House 2-4 pm _____________________________________________________________________________________ View this listing [...]]]></description>
			<content:encoded><![CDATA[<p>5 of The Columbus Team listings will be having an Open House this weekend, Sunday, August 29, 2010.  Stop by to say Hello!</p>
<p>_____________________________________________________________________________________</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/07/836-singinghills-150.jpg" rel="shadowbox[post-6406];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/07/836-singinghills-150.jpg" alt="" title="836-singinghills-150" width="180" height="120" class="alignleft size-full wp-image-5631" /></a></p>
<p><a href="http://www.thecolumbusteam.com/2010/07/836-singing-hills-ln-columbus-oh-43235/" target="_blank">View this listing</a></p>
<p>836 Singing Hills Lane<br />
Columbus 43235<br />
Open House 2-4 pm</p>
<p>_____________________________________________________________________________________</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/243-wschreyer-150.jpg" rel="shadowbox[post-6406];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/243-wschreyer-150.jpg" alt="" title="243-wschreyer-150" width="180" height="120" class="alignleft size-full wp-image-6302" /></a></p>
<p><a href="http://www.thecolumbusteam.com/2010/08/243-w-schreyer-pl-columbus-oh-43214/" target=" blank">View this listing</a></p>
<p>243 W Schreyer Place<br />
Columbus 43214<br />
Open House 2-4 pm</p>
<p>_____________________________________________________________________________________</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/06/4465-sellers-150.jpg" rel="shadowbox[post-6406];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/06/4465-sellers-150.jpg" alt="" title="4465-sellers-150" width="180" height="120" class="alignleft size-full wp-image-5266" /></a></p>
<p><a href="http://www.thecolumbusteam.com/2010/06/4465-sellers-ave-columbus-oh-43214/" target="_blank">View this listing</a></p>
<p>4465 Sellers Ave<br />
Columbus 43214<br />
Open House 2-4 pm</p>
<p>_____________________________________________________________________________________</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/985-caniff-150.jpg" rel="shadowbox[post-6406];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/985-caniff-150.jpg" alt="" title="985-caniff-150" width="180" height="120" class="alignleft size-full wp-image-6141" /></a></p>
<p><a href="http://www.thecolumbusteam.com/2010/08/985-caniff-rd-columbus-oh-43221/" target="_blank">View this listing</a></p>
<p>985 Caniff Rd<br />
Columbus 43221<br />
Open House 2-4 pm</p>
<p>_____________________________________________________________________________________</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/01/170longfellow_150.jpg" rel="shadowbox[post-6406];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/01/170longfellow_150.jpg" alt="" title="170longfellow_150" width="180" height="120" class="alignleft size-full wp-image-3719" /></a></p>
<p><a href="http://www.thecolumbusteam.com/2010/01/170-longfellow-ave/" target="_blank">View this listing</a></p>
<p>170 Longfellow Rd<br />
Columbus 43085<br />
Open House 1-3 pm</p>
<p>_____________________________________________________________________________________</p>
]]></content:encoded>
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		<item>
		<title>Columbus Mortgage Rates: OMG, it finally happened!!</title>
		<link>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-rates-omg-it-finally-happened/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-rates-omg-it-finally-happened/#comments</comments>
		<pubDate>Wed, 25 Aug 2010 18:26:48 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Big Bank Underwriting Hell]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Federal Law]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6399</guid>
		<description><![CDATA[It finally happened. All the indicators showing rates should be going down did. Go out there and sell something today. MORTGAGE TIP OF THE DAY: Federal Law says we lenders are not allowed to close a loan faster than 8 days. If you have a loan stuck in what we call “Big Bank Underwriting Hell” [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/wood-axe.jpg" rel="shadowbox[post-6399];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/wood-axe-150x150.jpg" alt="" title="wood-axe" width="150" height="150" class="alignright size-thumbnail wp-image-6403" /></a>It finally happened.  All the indicators showing rates should be going down did.</p>
<p>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
Federal Law says we lenders are not allowed to close a loan faster than 8 days.  If you have a loan stuck in what we call “Big Bank Underwriting Hell” contact us, we can get it done fast if the borrower cooperates.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
Chop your own wood and it will warm you twice.</p>
<p><strong>TODAY’S FUN FACT:</strong><br />
Hogs eat any and all kinds of snakes.</p>
<p><strong>Rates:  Wednesday,  August 25, 2010, 1:00pm</strong> </p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.125%  (-.125)	4.338%	$484.65 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.250%  (-.125)	4.338%	$491.94 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.625%  (-.125)	3.778%	$721.04 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.750%  (-.125)	3.903%	$727.22 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate</p>
<p><strong>LEGAL STUFF</strong></p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 1940 the first couple ever to take the plunge with a parachute wedding tied the knot while pulling the ripcord.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6399];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Columbus Mortgage Market:  This is wild!</title>
		<link>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-market-this-is-wild/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/columbus-mortgage-market-this-is-wild/#comments</comments>
		<pubDate>Tue, 24 Aug 2010 19:04:12 +0000</pubDate>
		<dc:creator>Steve Wagner</dc:creator>
				<category><![CDATA[Mortgage Market & Rates]]></category>
		<category><![CDATA[arlington bank]]></category>
		<category><![CDATA[Bond Money]]></category>
		<category><![CDATA[Columbus]]></category>
		<category><![CDATA[Conventional loan]]></category>
		<category><![CDATA[FHA]]></category>
		<category><![CDATA[first time home buyer]]></category>
		<category><![CDATA[fun fact]]></category>
		<category><![CDATA[Interest Rates]]></category>
		<category><![CDATA[lender]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[Mortgage rate]]></category>
		<category><![CDATA[mortgage tip]]></category>
		<category><![CDATA[On this date in History]]></category>
		<category><![CDATA[refinancing]]></category>
		<category><![CDATA[steve wagner]]></category>
		<category><![CDATA[thought of the day]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6393</guid>
		<description><![CDATA[It is stuck. All kinds of movement in the economy but not affecting rates. Go out there and sell something today. MORTGAGE TIP OF THE DAY: The donor of a gift for an FHA loan can borrower funds for the gift but it can’t be borrowed from any party of the transaction. THOUGHT OF THE [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/island.jpg" rel="shadowbox[post-6393];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2010/08/island-150x150.jpg" alt="" title="Aerial of Beach Along St. John Island" width="150" height="150" class="alignright size-thumbnail wp-image-6396" /></a>It is stuck.  All kinds of movement in the economy but not affecting rates.</p>
<p>Go out there and sell something today.</p>
<p><strong>MORTGAGE TIP OF THE DAY:</strong><br />
The donor of a gift for an FHA loan can borrower funds for the gift but it can’t be borrowed from any party of the transaction.</p>
<p><strong>THOUGHT OF THE DAY:</strong><br />
People love to &#8220;buy&#8221; but hate to be &#8220;sold.&#8221;</p>
<p><strong>TODAY’S FUN FACT:</strong><br />
Of the 3,000 islands that comprise the Bahamas chain in the Caribbean, only 20 are inhabited.</p>
<p><strong>Rates:  Tuesday,  August 24, 2010, 10:45am</strong> </p>
<p><strong>Loan Program	Rate:	APR*:	Payment Estimates:</strong></p>
<p>30 Year Fixed	4.250%  (same)	4.338%	$491.94 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>30 Year Fixed	4.375%  (same)	4.464%	$499.59 Interest and Principal<br />
•        Cash out refinance***</p>
<p>15 Year Fixed	3.750%  (same)	3.903%	$727.22 Interest and Principal<br />
•        Purchase or rate and term refinance</p>
<p>15 Year Fixed	3.875%  (same)	4.029%	$733.44 Interest and Principal<br />
•        Cash out refinance***</p>
<p>Bond Money	4.750%  (same)	5.380%	$570.77 Int. &#038; Princ. &#038; Mtg Ins.<br />
•        First Time Homebuyer Bond Money + 1% origination fee</p>
<p>FHA Fixed	4.250%  (same)	4.839%	$546.39 Int. &#038; Princ. &#038; Mtg. Ins.<br />
•        Purchase or refinance</p>
<p>Jumbo Fixed	5.750%  (same)	5.846%	$2,439.32 Interest and Principal<br />
•        30 Year Purchase and Refinance over $417,000</p>
<p>3/1 ARM**	3.875%  (same)	4.529%	$470.24 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $510.60 in 3 years (4.375% interest  rate) if the rate were to adjust based on the current index rate</p>
<p>5/1 ARM**	4.250%   (same)	4.568%	$491.94 Interest and Principal<br />
•         Up to $1,000,000 purchase or refinance.  Payment would adjust to $511.20 in 5 years (4.250% interest  rate) if the rate were to adjust based on the current index rate 	 	 	 </p>
<p><strong>LEGAL STUFF </strong>      </p>
<p>•         *APR &#8211; Annual Percentage Rate<br />
•         **ARM – Adjustable Rate Mortgage (rate may increase after consummation of the loan)<br />
•         ***Cash out refinance – Refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage</p>
<p>All payments estimates above do not include amounts for property taxes and homeowner’s insurance premiums and your actual payment obligation will be greater.</p>
<p>Annual Percentage Rates and Payment Estimates quoted are based on a $100,000 loan amount except the 5/1 ARM,  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.</p>
<p>Qualifying Assumptions (unless otherwise noted):  45 day rate lock, $100K-$417K loan amount, credit scores 740+, Owner-occupied Purchase or rate/term refinance.  Cash-out refinances (including paying off a non-purchase 2nd mortgage) 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.</p>
<p>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.<br />
We recommend calling during business hours to make sure we have all the markets open and available.</p>
<p><strong>ON THIS DATE IN HISTORY:</strong><br />
On this date in 79 A.D. Mount Vesuvius erupted in southern Italy.  The falling lava and ash entombed the cities of Pompeii, Herculaneum and Stabiae.</p>
<p><a href="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" rel="shadowbox[post-6393];player=img;"><img src="http://www.thecolumbusteam.com/wp-content/uploads/2008/10/lender.bmp" alt="" title="Equal Housing Lender" class="alignright size-full wp-image-1793" /></a><strong>Stephen Wagner<br />
Mortgage Lender since 1974<br />
The Arlington Bank</strong><br />
4621 Reed Road<br />
Columbus, OH 43220<br />
Office: 614-486-9104<br />
Cell: 614-271-0888<br />
Fax: 614-486-4078</p>
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		<title>628 Eastmoor Blvd, Columbus OH 43209</title>
		<link>http://www.thecolumbusteam.com/2010/08/628-eastmoor-blvd-columbus-oh-43209/</link>
		<comments>http://www.thecolumbusteam.com/2010/08/628-eastmoor-blvd-columbus-oh-43209/#comments</comments>
		<pubDate>Fri, 20 Aug 2010 21:42:34 +0000</pubDate>
		<dc:creator>sueluskgleich</dc:creator>
				<category><![CDATA[$100,000-$150,000]]></category>
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		<category><![CDATA[Columbus]]></category>
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		<category><![CDATA[the columbus team]]></category>

		<guid isPermaLink="false">http://www.thecolumbusteam.com/?p=6347</guid>
		<description><![CDATA[Affordable elegance in desirable Eastmoor, this shutter trimmed center hall Colonial is an extremely well built home close to excellent amenities near Bexley, Downtown Columbus, freeways and public transportation for an easy commute in any direction! Step inside this feel-good home to appreciate the generous living room with hard wood floor preserved under quality carpet. [...]]]></description>
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<p>Affordable elegance in desirable Eastmoor, this shutter trimmed center hall Colonial is an extremely well built home close to excellent amenities near Bexley, Downtown Columbus, freeways and public transportation for an easy commute in any direction! Step inside this feel-good home to appreciate the generous living room with hard wood floor preserved under quality carpet. This entertainer boasts built-in bookshelves flanking the French door to the screened porch. Extended living and a breezy complement to the living room, this screened porch is surrounded by lovely landscaping offering privacy and includes overhead lighting with a ceiling fan. Flanking the other side of the foyer, the traditional dining room also has plush carpeting over the original hard wood floors and features excellent light from the leaded glass windows and a comfortable flow into the totally remodeled kitchen. Boasting a good looking and durable industrial grade linoleum floor and Corian counters, this well planned renovation also features beautiful custom cherry cabinetry including a pull out pantry. Seating at the bar, great ceramic tile on the backsplash and a cook friendly Kenmore Elite gas stove and convection oven with warming drawer, this kitchen will not disappoint! Thoughtful pendant lights and overhead lighting illuminate the Kitchen beautifully. Three bedrooms and the updated full bath are located on the second story of the home. Quality carpeting leads one upstairs to a generous hallway to access each room. A newer ceramic tile floor and updated pedestal sink are featured in the bathroom along with a porcelain bath tub with shower. The master bedroom is a large welcoming room with original hard wood under the carpeting and excellent natural light via windows on two walls. The other 2 bedrooms feature original hard wood floors and demonstrate the quality materials and construction of this 1926 home. A fantastic built in desk unit and wall of shelving are featured in one bedroom and would make an excellent home office or study room.  With the feel of a secret garden, the fenced back yard benefits from buried phone and electric lines so one only notices the lovely trees and foliage, a rare treat in such an established neighborhood! 200 AMP electric service has been updated to the detached 2 car garage and the exterior of the home was recently painted. This comfortable and inviting Eastmoor Colonial rests proudly on a generous lot with abundant mature trees, bushes and perennials in a well-kept neighborhood close to schools, shops and amenities. Welcome home to 628 Eastmoor Blvd. and enjoy.</p>
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