MORTGAGE TIP OF THE DAY:
FHA treats a free standing condo as if it were a house. Therefore, the complex does NOT have to be FHA approved. They are automatically approvable.

THOUGHT OF THE DAY: (This is the serious part)
“Cocaine is God’s way of saying you’re making too much money.”
Robin Williams
(1952- )
American actor and comedian

FUN FACTS:
The microwave was invented after a researcher walked by a radar tube and a chocolate bar melted in his pocket.

Wednesday, February 8, 2012, 11:20am

Loan Program Rate: APR*: Payment Estimates:

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

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

15 Year Fixed 3.250% (same) 3.498% $1,405.34 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.375% (same) 3.605% $1417.52 Interest and Principal
• Cash out refinance***

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

FHA Fixed 3.750% (same) 4.723% $1117.78Int. & Princ. & Mtg. Ins.
• Purchase or refinance

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

5/1 ARM 3.000% (same) 3.285% $872.72 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

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

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

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

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

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

THINGS MY MOM WOULD HAVE SAID:
When attending meetings, sit down front.

Rates and APRs Established By:

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

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

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Carefree Condo in the Polo Club Villas of Gahanna is a real dream maker! Play your easy card with confidence in this move-in ready 2 bedroom, 2 full bath condo in brilliant, like-new condition boasting fresh paint, brand new carpeting and new HVAC system including furnace and central air. A relaxing retreat, this open floor plan is built for comfort featuring a great room with vaulted ceiling and fabulous natural light. Cozy up to the gas log fire place all winter long and relish the pool side luxury throughout the summer. Meet all of your New Year Resolutions easily with access to the Polo Club Villas Gym and Clubhouse! The fully equipped kitchen conveys with a collection of bright white Kenmore appliances including a dishwasher, electric stove and full sized refrigerator. Lovely wood cabinetry, easy care wood grain laminate flooring and abundant counter space including a breakfast bar ledge open to the great room complete this package of perfection. Buyer bonus includes a 1st floor utility space including the washer and dryer! Both bedrooms enjoy new lush carpet and natural woodwork. The master suite features a walk-in closet with organizational system and large vanity counter in the en suite bath, well suited for pampering and daily preparations. A supersized 2 car garage is attached and also offers bonus storage in an attic with pull down stairs. Close to fantastic amenities in and around Gahanna including shopping, dining, amazing parks, schools and entertainment, 562 E. Chuckas Ct. in the Polo Club Villas, let’s you TAKE LIEF EASY with Resort style perks. Practice the art of living now with this affordable, move-in ready condo serviced by the Gahanna Jefferson Schools. Welcome home to 562 E. Chuckas Ct. because life is more fun at the Polo Club Villas!

MORTGAGE TIP OF THE DAY:
Fannie and Freddie has finally addressed the situation with a two unit condo complex. Now, if one side is rental and the other side is owner occupied, it is considered a Conforming Condo complex. Before, both sides had to be owner occupied. That is a huge boom for those complexes where one side was rental.

THOUGHT OF THE DAY: (This is the serious part)
“When a father gives to his son, both laugh; when a son gives to his father, both cry.”
Yiddish proverb

FUN FACT:
L.L. Bean’s initials stand for Leon Leonwood.

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

Friday, January 6, 2012, 11:05 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (-.125%) 3.947% $940.48 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (-.125%) 4.072% $954.85 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.375% (same) 3.605% $1417.52 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.500% (same) 3.731% $1429.76 Interest and Principal
• Cash out refinance***

Bond Money 3.750% (same) 4.751% $1117.91 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (same) 4.723% $1132.15Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 4.875% (-.250%) 4.980% $2,212.09 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

5/1 ARM 3.000% (same) 3.285% $872.72 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

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

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

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

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

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

THE GOLDEN BOOK by Dale Carnegie
Cultivate a Mental Attitude That Will Bring You Peace and Happiness:
Try to profit from your losses.

THINGS MY MOM WOULD HAVE SAID:
Learn to identify the music of Chopin, Mozart, and Beethoven.

Rates and APRs Established By:

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

MORTGAGE TIP OF THE DAY:
When we do a preapproval and the borrower is going to buy a condo, we will NOT preapprove the borrower for a certain purchase price and loan amount. We will only preapprove them for a total payment amount including condo fees. Condo fees are all over the board from $50.00 a month to $1,500 a month depending on the complex. We will find outselves in trouble if we preapprove for a certain loan amount

THOUGHT OF THE DAY: (This is the serious part)
“A vegetarian is a person who won’t eat anything that can have children..”
David Brenner

FUN FACT:
Donald Duck’s nieces are April, May, and June.

Friday, December 16, 2011, 10:55 am

Loan Program Rate: APR*: Payment Estimates:

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

30 Year Fixed 4.000% (same) 4.135% $954.85 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (same) 4.261% $969.30 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.375% (same) 3.605% $1417.52 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.500% (same) 3.731% $1429.76 Interest and Principal
• Cash out refinance***

Bond Money 3.750% (same) 4.751% $1117.91 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (same) 4.723% $1132.15 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.125% (same) 5.174% $2,275.97 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

5/1 ARM 3.000% (same) 3.285% $872.72 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

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

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

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

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

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

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to stop worry and start living”:
Basic Techniques in Analyzing Worry:
Write out and answer the following questions:
1. What is the problem?
2. What are the causes of the problem?
3. What are the possible solutions?
4. What is the best solution?

THINGS MY MOM WOULD HAVE SAID:
Don’t delay acting on a good idea. Chances are someone else has just thought of it too. Success comes to the one who acts first.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2342…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

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

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

MORTGAGE TIP OF THE DAY:
When financing a condo either FHA or Conventional, we require that the Owners Association prove they have hazard insurance from the studs out. We then are required to prove that the borrower has arranged for insurance from the studs in. We need interior insurance on the condo and we must include that with the monthly payment.

THOUGHT OF THE DAY: (This is the serious part)
“The history of things that didn’t happen has never been written.”
Henry Kissinger

FUN FACT:
In ancient Rome, a hooked nose was thought to be a sign of leadership.

Thursday, December 15, 2011, 11:30 am

Loan Program Rate: APR*: Payment Estimates:

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

30 Year Fixed 4.000% (+.125%) 4.135% $954.85 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (+.125%) 4.261% $969.30 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.375% (+.125%) 3.605% $1417.52 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.500% (+.125%) 3.731% $1429.76 Interest and Principal
• Cash out refinance***

Bond Money 3.750% (same) 4.751% $1117.91 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (same) 4.723% $1132.15 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.125% (same) 5.174% $2,275.97 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

5/1 ARM 3.000% (same) 3.285% $872.72 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

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

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

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

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

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

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to stop worry and start living”:
Basic Techniques in Analyzing Worry: Once a decision is reached, act!

THINGS MY MOM WOULD HAVE SAID:
Think big thoughts, but relish small pleasures.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2342…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

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

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

MORTGAGE TIP OF THE DAY:
If you just picked up a listing on a condo and you don’t know if the project is FHA or VA approved, we would be more than happy to help you. Email us or call and we can look it up on the FHA and VA website. If you would prefer to do it yourself, good search FHA and VA approved condos and search by zip code. You must know the exact name of the project.

THOUGHT OF THE DAY: (This is the serious part)
“Is sloppiness in speech caused by ignorance or apathy? I don’t know and I don’t care.”
William Safire

FUN FACT:
The total footage of film shot for “Gone With The Wind” was 449,512 feet or about 85 miles.

Tuesday, November 29, 2011, 9:55 am

Loan Program Rate: APR*: Payment Estimates:

The Martin, Traxler & Wagner Real Estate Finance Team

30 Year Fixed 4.000% (-.125%) 4.072% $477.42 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (-.125%) 4.198% $484.65 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.624% $714.88Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.751% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 3.750% (same) 4.751% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.990% (same) 4.953% $572.34 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.125% (same) 5.231% $2,273.92 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

5/1 ARM 3.000% (same) 3.311% $123.44 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

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

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

Annual Percentage Rates and Payment Estimates quoted are based on a $200,000 loan amount 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 2ndmortgage) could result in a slightly higher interest rate. The interest rates quoted are to serve as a guide only and may be different based on specific loan features. Please call for a specific quote.

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

THE GOLDEN BOOK by Dale Carnegie
Be a Leader:
Let the other person save face.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2342…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

Best in Show in beautiful Hardesty Village, located in West Columbus, just minutes to major freeways and excellent amenities! Fall in love with the Old World Charm of Hardesty Village with nicely maintained brick homes, beautiful grounds and mature trees and landscaping in a family friendly setting with a great playground, tennis courts and a fabulous summer pool with life guard. A perfect location within the community, 2358 Hardesty Ct. sits close to community parking for your guests and the front of the condo faces the pool and playground. An updated and move-in ready home, enjoy all new flooring including pristine wood grain Pergo in the spacious living room and ceramic tile in all the bathrooms, kitchen and dining room. Brand new soft and neutral carpeting has been placed throughout the second story bedrooms and the recreation room in the finished lower level. Freshly painted, contemporary neutral tones enhance the space with modern flair and enjoy fantastic natural light through the insulated replacement windows throughout the condo. Smart buyers will appreciate the efficient and updated mechanical systems of the home including the Bryant furnace and central air. Safety first in Hardesty Village with firewalls between each unit from foundation to roof line! No noise between units and added peace of mind for safety and security for your family. Homeowners maintain each condo from front sidewalk to carport here and these long time owners have kept this condo in tip top shape with no deferred maintenance! A charming dining room opens via atrium doors to the private courtyard patio, evoking a quaint European garden retreat. The eat-in kitchen offers ceramic tile flooring and eating space with back yard views through the insulated window. Appliances convey including a dishwasher and full sized fridge. Enjoy convenient facilities for guests and family with a powder room off the dining area and additional full bath and en suite half bath on the second floor. The full bath features an impressive Jacuzzi whirlpool tub to soak away your worries! Freshly painted with brand new carpeting, both generous bedrooms are completely ready to inhabit so just unpack. 2 covered parking spots are reserved under your carport and there is also shed storage. The full basement features an extra 333 sqft of versatile living space plus a large laundry room with tons of bonus storage. Plenty of comfortable living space in a well-kept condo community! Welcome home to 2358 Hardesty Court!

MORTGAGE TIP OF THE DAY:
I haven’t done this for a while. Let’s do it again. What makes a condo complex conforming to Freddie Mac and Fannie Mae? We will go through the list and will add an additional one every day.
1. The condo complex must have no more than 49% renters in the complex.
2. One person or entity cannot own more than 10% of the units in the complex.
3. The complex cannot have more than 20% commercial in their square footage.
4. No more than 15% of the unit owners can be behind in their condo fees.
5. If there is a lawsuit pending with the condo association, either direction, it is non-conforming.

THOUGHT OF THE DAY: (This is the serious part)
“If you die in an elevator, be sure to press the UP button”.
Sam Levenson

TODAY’S FUN FACT:
A man’s beard grows about an inch in eight weeks.

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

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (+.125) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (+.125) 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)
Have a will and tell your next-of-kin where it is.

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:
I haven’t done this for a while. Let’s do it again. What makes a condo complex conforming to Freddie Mac and Fannie Mae? We will go through the list and will add an additional one every day.
1. The condo complex must have no more than 49% renters in the complex.
2. One person or entity cannot own more than 10% of the units in the complex.
3. The complex cannot have more than 20% commercial in their square footage.
4. No more than 15% of the unit owners can be behind in their condo fees.

THOUGHT OF THE DAY: (This is the serious part)
“When a man has to make a speech, the first thing he has to decide is what to say.”
Gerald Ford

TODAY’S FUN FACT:
You can be fined for playing dominoes in Alabama on Sunday.

Rates: Friday, October 7, 2011, 11:20 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.000% (same) 4.099% $477.42 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (same) 4.225% $484.65 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)
Acquire things the old-fashioned way: save for them and pay cash (except for houses)

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:
I haven’t done this for a while. Let’s do it again. What makes a condo complex conforming to Freddie Mac and Fannie Mae? We will go through the list and will add an additional one every day.
1. The condo complex must have no more than 49% renters in the complex.
2. One person or entity cannot own more than 10% of the units in the complex.
3. The complex cannot have more than 20% commercial in their square footage.

THOUGHT OF THE DAY: (This is the serious part)
To keep a lamp burning we have to keep putting oil in it.
Mother Teresa

TODAY’S FUN FACT:
548 peanuts are needed to make a 12 ounce jar of peanut butter.

Rates: Thursday, October 6, 2011, 11:15 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.000% (+.125) 4.099% $477.42 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (+.125) 4.225% $484.65 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.375% (same) 3.551% $708.73 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.500% (same) 3.676% $714.88 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)
Remember that winners do what losers don’t want to do.

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