MORTGAGE TIP OF THE DAY:
The First Time Homebuyer folks, OHFA made a change as to how low will they go on credit scores. The old minimum was 600 on loans with no down payment assistance and 620 WITH down payment assistance. They have moved it up to 620 and 640 respectively. Not good news for that low end buyer.

THOUGHT OF THE DAY: (This is the serious part)
Good exercise for the heart: bending down and helping another up.

TODAY’S FUN FACT:
Black sheep have a keener sense of smell than white sheep.

Rates: Friday, October 28, 2011, 10:45 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.375% (same) 4.476% $499.59 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Give honest, sincere appreciation.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

MORTGAGE TIP OF THE DAY:
There are many types of visa’s in the US. Everything from work visa’s to temporary visitors visas. When dealing with someone that is NOT a US citizen, we need to determine their visa status before they start looking for a house. We need to make sure they are eligible to buy and finance in this country.

THOUGHT OF THE DAY: (This is the serious part)
Yesterday is gone, forget it. Tomorrow may never come, don’t worry about it. Do a master job today!

TODAY’S FUN FACT:
Scrabble and Monopoly were two of Elvis Presley’s favorite games.

Rates: Thursday, October 27, 2011, 11:25 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.250% (+.125) 4.351% $491.94 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.375% (+.125) 4.476% $499.59 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (+.125) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Arouse in the other person an eager want.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

MORTGAGE TIP OF THE DAY:
On a VA loan, there is just an upfront MIP insurance fee that will be going down in November. There is no MIP insurance fee in the payment like FHA. If the veteran is disabled, there is NO upfront MIP fee.

THOUGHT OF THE DAY: (This is the serious part)
Planning your work is good, but doing it is even better.

TODAY’S FUN FACT:
There are three words in the English language that contains all the vowels including “y”: Facetiously, Abstemiously, Unquestionably.

Rates: Wednesday, October 26, 2011, 10:50 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Become genuinely interested in other people.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

BTW, two months until Christmas.

MORTGAGE TIP OF THE DAY:
Fannie and Freddie are cracking down hard on non-fixtures and chattel as of part of the contract in with the Real Estate being bought. If there are items that are NOT part of the Real Estate, create a separate contract on those items. Such items are lawn tractors, furniture, non-appliances.

THOUGHT OF THE DAY: (This is the serious part)
One who attempts nothing will probably achieve it.

TODAY’S FUN FACT:
Disney World is twice the size of Manhattan.

Rates: Tuesday, October 25, 2011, 10:55 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Smile.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

MORTGAGE TIP OF THE DAY:
When buying a non-owner occupied property, Fannie does not permit the borrower to refinance until a 6 month period has passed. This is called a “seasoning period”.

THOUGHT OF THE DAY: (This is the serious part)
If you fail to plan, you plan to fail.

TODAY’S FUN FACT:
Elvis Presley’s favorite meal was a sandwich of peanut butter and bananas grilled in butter (…and a jelly donut).

Rates: Monday, October 24, 2011, 10:40 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Make the other person feel important—and do it sincerely.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

MORTGAGE TIP OF THE DAY:
When it comes to financing a non U.S. citizen, there are only certain types of Visas or residency statuses that are allowable by Fannie Mae/Freddie Mac. If working with a non U.S. citizen, it’s best to discuss this at the time of the pre-approval application so that we can makes sure the applicant has an accepted form of residency status.

THOUGHT OF THE DAY: (This is the serious part)
You can’t build a reputation on what you’re going to do.
Henry Ford

TODAY’S FUN FACT:
Yale student, Maya Ying Lin designed the Vietnam Veterans Memorial in Washington D.C.

Rates: Thursday, October 20, 2011, 2:00 pm

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Remember that a person’s name is to him or her the sweetest and most important sound in any language.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

The word on the news so far is that only three animals are left unaccounted for in Zanesville. How weird is that whole thing?

Starting today, we will be having a new feature in my daily email. It is “The Golden Book” by Dale Carnegie. We will be featuring two of his books, “How To Win Friends And Influence People” and “How To Stop Worrying And Start Living”. This will be replacing Life’s Little Lessons (Things my Mom would have said). I hope you will enjoy this new segment.

MORTGAGE TIP OF THE DAY:
On many of the loan programs we use these days for mortgage financing, “reserves” could be required in addition to verifying sufficient liquid “funds to close”. This means that the lender wants to see that the borrower has additional assets to fall back on in the event of difficult financial times for the borrower.

THOUGHT OF THE DAY: (This is the serious part)
The best way to get something done is to begin.

TODAY’S FUN FACT:
“The Wizard of Oz” is the most watched movie in history seen by more than a billion people.

Rates: Wednesday, October 19, 2011, 11:15 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Be a good listener. Encourage others to talk about themselves.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

Starting tomorrow, we will be having a new feature in my daily email. It is “The Golden Book” by Dale Carnegie. We will be featuring two of his books, “How To Win Friends And Influence People” and “How To Stop Worrying And Start Living”. This will be replacing Life’s Little Lessons (Things my Mom would have said). I hope you have enjoyed this segment and will enjoy the new one.

MORTGAGE TIP OF THE DAY:
When an applicant has had a bank short sale in their past, there are seasoning requirements that must pass before being eligible for another mortgage. Different loan programs have different seasoning requirements so it’s best to consult with your favorite loan officer if you’re working with clients that have prior bank short sales.

THOUGHT OF THE DAY: (This is the serious part)
“Say what you mean and mean what you say.”
George S. Patton

TODAY’S FUN FACT:
Saudi Arabia imports camels and sand. The desert sand is not suitable for building, so river sand from Scotland is imported. Camels are getting scarce and must be imported from North Africa.

Rates: Tuesday, October 18, 2011, 10:45 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

LIFE’S LITTLE LESSONS: (things my Mom would have said)
Every day show your family how much you love them with your words, with your touch, and with your thoughtfulness.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

MORTGAGE TIP OF THE DAY:
A customer is only allowed one FHA loan at a time and one VA loan at a time. You are allowed to have a FHA loan AND a VA loan at the same time.

THOUGHT OF THE DAY: (This is the serious part)
Promise only what you can deliver. Then deliver more than you promise.

TODAY’S FUN FACT:
Inyo County California holds the record for both the highest and lowest spots in the continental United States. They are found within that county and only 86 miles apart. Mount Whitney is 14,495 feet above sea level while Death Valley is 276 feet below sea level.

Rates: Monday, October 17, 2011, 10:45 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (-.125) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (-.125) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

LIFE’S LITTLE LESSONS: (things my Mom would have said)
When you and your wife (or husband) have a disagreement, regardless of who’s wrong, apologize. Say, “I’m sorry I upset you. Would you forgive me?” These are healing, magical words.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

MORTGAGE TIP OF THE DAY:
If a property has been grandfathered due to zoning issues, Fannie/Freddie have a problem with that situation. In case the property burns down or is partially destroyed, we need proof from the city that they will allow is to be rebuilt as it’s non-conforming use. That is the difficult part.

THOUGHT OF THE DAY: (This is the serious part)
Never mistake motion for action.
Ernest Hemingway

TODAY’S FUN FACT:
Fortune cookies were invented in the U.S. in 1918.

Rates: Friday, October 14, 2011, 11:20 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.750% (same) 3.926% $727.22 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

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 $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.

Qualifying Assumptions (unless otherwise noted): 45 day rate lock, $100K-$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 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.

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.

LIFE’S LITTLE LESSONS: (Things my Mom would have said)
Fly Old Glory on the Fourth of July.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850