MORTGAGE TIP OF THE DAY:
Remember, on Monday, April 18, 2011 the MIP insurance on FHA loans will increase from .900% to 1.150%. That is the date the Case Number is ordered.

THOUGHT OF THE DAY: (This is the serious part)
Small opportunities are often the beginning of great enterprise.
Demosthenes

TODAY’S FUN FACT:
In 1752, September was the shortest month ever. 11 days were dropped to switch from the Gregorian to the Julian calendar. Nothing happened between September 3 through September 13 of that year. 1752 was also the shortest YEAR on record.

Rates: Thursday, March 24, 2011, 11:15am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (+.125) 4.976% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (+.125) 5.102% $536.82 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.125% (same) 4.302% $745.97 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 4.250% (same) 4.428% $752.28 Interest and Principal
• Cash out refinance***

Bond Money 4.500% (same) 5.220% $567.01 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.750% (+.250) 5.363% $576.61 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.625% (same) 5.721% $2,406.26 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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: (These are things my Mom would have said)
Never waste an opportunity to tell good employees how much they mean to the company.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

MORTGAGE TIP OF THE DAY:
FHA loans require the borrower has enough money to close WITHOUT using the tax prorate credit. The tax proration credit is very untypical to the nation. Ohio is just about the only state that has it. Even though the borrower is get those funds at closing, they can only be EXTRA funds for the transaction.

THOUGHT OF THE DAY:(This is the serious part)
Nothing is really work unless you would rather be doing something else.

TODAY’S FUN FACT:
Virginia Dare was the first child of English parents born in the New World at Roanoke Island, North Carolina in 1587.

Rates: Thursday, March 3, 2011, 10:50am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.976% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.102% $536.82 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.250% (same) 4.428% $752.28 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 4.375% (same) 4.553% $758.62 Interest and Principal
• Cash out refinance***

Bond Money 4.250% (same) 5.453% $555.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.750% (same) 5.363% $576.61 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.625% (same) 5.721% $2,406.26 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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:
Be willing to lose a battle in order to win the war.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

THINK ABOUT THIS!!!
Local Area Network in Australia—the LAN down under.

MORTGAGE TIP OF THE DAY:
First time homebuyer bond money has restrictions on the amount of money the borrower may make. A one to two family household is just over $68,000. This program is designed for the lower end buyer.

THOUGHT OF THE DAY: (This is the serious part)
It doesn’t take a hero to order men into battle. It takes a hero to be one of those men who goes into battle.
General Norman Schwartzkopf

TODAY’S FUN FACT:
American Soldiers are referred to as “G.I’s”. That stands for “General Issue”, the term stamped on their clothing, equipment, and supplies.

Rates: Tuesday, January 4, 2011, 10:45am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.750% (-.125) 4.841% $521.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.875% (-.125) 4.966% $529.21 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.250% (same) 4.405% $752.28 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 4.375% (same) 4.531% $758.62 Interest and Principal
• Cash out refinance***

Bond Money 4.250% (same) 5.453% $555.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.750% (same) 5.363% $576.61 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.625% (same) 5.721% $2,406.26 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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. 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 INSTRUCTIONS:
When dining with clients or business associates, never order more than one cocktail or one glass or wine. If no one else is drinking, don’t drink at all.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Go out there and sell something today.

INTERESTING LIFE OBSERVATIONS:
You never know when it will stroke, but there comes a moment at work when you know that you just aren’t going to do anything productive for the rest of the day.

MORTGAGE TIP OF THE DAY:
I will be doing a series of receiving a Gift on a mortgage loan and all the facets of that transaction:
1. Gift can be from a relative or someone with a close personal relationship, i.e. God Parent, Spouse, Life Partner
2. A gift letter must be signed by the donor and the person receiving the gift.
3. We need a copy of the actual gift check for our files.
4. We need to prove the donor has the gift funds in their bank.

THOUGHT OF THE DAY: (This is the serious part)
The best way to succeed in this world is to act on the advice you give to others.

TODAY’S FUN FACT:
George Washington gave the shortest inaugural address at this second inaugural—135 words.

Rates: Friday, October 22, 2010, 10:35pm

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.212% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.338% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.652% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.778% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.250% (same) 5.453% $555.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.000% (same) 4.576% $531.60 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.750% (same) 5.846% $2,439.32 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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. 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.

ON THIS DATE IN HISTORY:
On this date in 1962 the world came too close to comfort to fulfilling William Miller’s vision that the end of the world would come as President Kennedy took to television to demand that the Soviets remove their missiles from Cuba.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

INTERESTING LIFE OBSERVATIONS:
Map Quest really needs to start their directions on #5. I’m pretty sure I know how to get out of my neighborhood.

MORTGAGE TIP OF THE DAY:
I will be doing a series of receiving a Gift on a mortgage loan and all the facets of that transaction:
1. Gift can be from a relative or someone with a close personal relationship, i.e. God Parent, Spouse, Life Partner
2. A gift letter must be signed by the donor and the person receiving the gift.

THOUGHT OF THE DAY: (This is the serious part)
I always felt that my greatest asset was not my physical ability, it was my mental ability.
Bruce Jenner

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

Rates: Wednesday, October 20, 2010, 10:55am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.212% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.338% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.652% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.778% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.250% (same) 5.453% $555.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.000% (same) 4.576% $531.60 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.750% (same) 5.846% $2,439.32 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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. 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.

ON THIS DATE IN HISTORY:
On this date in 1944 General Douglas MacArthur proved to be a man of his word as he and thousands of his troops returned to the Philippines.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Go out there and sell something today.

INTERESTING LIFE OBSERVATIONS:
Was learning cursive really necessary?

MORTGAGE TIP OF THE DAY:
I will be doing a series of receiving a Gift on a mortgage loan and all the facets of that transaction:
1. Gift can be from a relative or someone with a close personal relationship, i.e. God Parent, Spouse, Life Partner

THOUGHT OF THE DAY: (This is the serious part)
Choice not chance determines destiny.

TODAY’S FUN FACT:
The words “uncomplimentary, unnoticeably and subcontinental” have one thing in common. They all have the vowels a-e-i-o-u in reverse order.

Rates: Tuesday, October 19, 2010, 10:45am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.212% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.338% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (-.125) 3.652% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (-.125) 3.778% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.250% (same) 5.453% $555.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.000% (same) 4.576% $531.60 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.750% (same) 5.846% $2,439.32 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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. 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.

ON THIS DATE IN HISTORY:
On this date in 1781 Cornwallis surrendered to Washington at Yorktown, effectively ending the Revolutionary War.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Go out there and sell something today.

MORTGAGE TIP OF THE DAY:
On a FHA loan, the credit report must have at least two lines of credit and credit scores from two bureaus.

THOUGHT OF THE DAY:
The most important single ingredient in the formula of success is the knack of getting along with people.
Theodore Roosevelt

TODAY’S FUN FACT:
There are more than 140 languages spoken around the world and each is spoken by more than one million people.

Rates: Thursday, August 19, 2010, 10:30 pm

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.250% (same) 4.338% $491.94 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.375% (same) 4.464% $499.59 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.750% (same) 3.903% $727.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.875% (same) 4.029% $733.44 Interest and Principal
• Cash out refinance***

Bond Money 4.750% (same) 5.380% $570.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.250% (same) 4.839% $546.39 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.750% (same) 5.846% $2,439.32 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

3/1 ARM** 3.875% (same) 4.529% $470.24 Interest and Principal
• 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

5/1 ARM** 4.250% (same) 4.568% $491.94 Interest and Principal
• 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

LEGAL STUFF

• *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. 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.

ON THIS DATE IN HISTORY:
On this date in 1888 the first beauty contest was held in Spa, Belgium.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Go out there and sell something today.

MORTGAGE TIP OF THE DAY:
On a FHA loan, a gift may be used for the down payment. The donor is allowed to borrow the funds as long it is not from a party of the transaction or from the lender who is making the FHA loan.

THOUGHT OF THE DAY:
Winning can be defined as the science of being totally prepared.
George Allen

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

Rates: Monday, August 16, 2010, 10:30 pm

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.250% (same) 4.338% $491.94 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.375% (same) 4.464% $499.59 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.750% (same) 3.903% $727.22 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.875% (same) 4.029% $733.44 Interest and Principal
• Cash out refinance***

Bond Money 4.750% (same) 5.380% $570.77 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.250% (same) 4.839% $546.39 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.750% (same) 5.846% $2,439.32 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

3/1 ARM** 3.875% (same) 4.529% $470.24 Interest and Principal
• 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

5/1 ARM** 4.250% (same) 4.568% $491.94 Interest and Principal
• 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

LEGAL STUFF

• *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. 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.

ON THIS DATE IN HISTORY:
On this date in 1977 came the news from Memphis that Elvis Presley died.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Today is the last day for the “Fact or Crap”. I hope you have enjoyed them. I think they were fun.

The market is not in our favor this morning but rates did drift down from Friday. As you may or may not have been aware, you did NOT receive an email from me Friday. My computer was down the entire day and did not come back up until 5pm. I believe that was my first miss in the past two years. Thanks for bearing with me.

Thanks!!! Steve

MORTGAGE TIP OF THE DAY:
First Time Homebuyer Bond Money went down in rate on Friday to 5.000% with a 1% origination fee. This program is more competitive with the FHA loan but still lagging behind.

THOUGHT OF THE DAY:
Bacteria are sometimes the only culture some people have.

TODAY’S FUN FACT:
In 1980, Edith Bunker died of a stroke on the TV show, “All in the Family”. “Newsweek” ran a half page abituary.

FACT OR CRAP?:
The Arlington Bank is this huge, slick, multistate Bank with hundreds of branches, thousands of loan officers and processing and underwriting in far off places.

Rates: Monday, 01-25-2010, 11:00am (11 more months till Christmas)

Loan Program Rate: APR*: Payment Estimates:
5/1 ARM** 4.250% (same) 4.421% $2,056.31 Interest and Principal
• Up to $1,000,000 purchase or refinance. Payment would adjust to $2,056.31 in 5 years (4.250% interest rate) if the rate were to adjust based on the current index rate
7/1 ARM** 4.500% (same) 3.875% $506.69 Interest and Principal
* Up to $417,000 purchase or rate and term refinance. Payment would adjust to $435.69 in 7 years (3.000% interest rate) if the rate were to adjust based on the current index rate.

30 Year Fixed 5.000% (same) 5.092% $536.82 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.125% (same) 5.218% $544.49 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.375% (-.125) 4.531% $758.62 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 4.500% (-.125) 4.656% $764.99 Interest and Principal
• Cash out refinance***

Bond Money 5.000% (-.500) 5.636% $585.99 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.875% (-.125) 5.495% $584.30 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 6.250% (same) 6.349% $2,6573.71 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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. Cash-out refinances (including paying off a non-purchase 2nd mortgage) could result in a slightly higher interest rate. The interest rate 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.

ANSWER: CRAP
The Arlington Bank is a small, Community Bank with three branches, 13 loan officers with mortgage processing, underwriting and funding in one central location.

ON THIS DATE IN HISTORY:
On this date in 1940 the first Social Security checks went out in the mail.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

The market is basically flat this morning, no movement any direction.

Unfortunately, “Fact or Crap” will be going away in the latter part of January. (1 more to go)

Thanks!!! Steve

MORTGAGE TIP OF THE DAY:
Sweeping changes are happening for FHA loans. Larger down payments and higher MIP insurance is coming, so we hear. When we get more details, we will pass them along to you.

THOUGHT OF THE DAY:
The chief danger in life is that you may take too many precautions.

The truth is rarely pure and never simple.

TODAY’S FUN FACT:
For 186 days a year, the sun is not seen at the North Pole.

FACT OR CRAP?:
Spars, Gads and Bugles are all terms associated with roof thatching.

Rates: Thursday, 01/21/2010, 10:45am

Loan Program Rate: APR*: Payment Estimates:
5/1 ARM** 4.250% (same) 4.421% $2,056.31 Interest and Principal
• Up to $1,000,000 purchase or refinance. Payment would adjust to $2,056.31 in 5 years (4.250% interest rate) if the rate were to adjust based on the current index rate
7/1 ARM** 4.500% (same) 3.875% $506.69 Interest and Principal
* Up to $417,000 purchase or rate and term refinance. Payment would adjust to $435.69 in 7 years (3.000% interest rate) if the rate were to adjust based on the current index rate.

30 Year Fixed 5.000% (same) 5.092% $536.82 Interest and Principal
• Purchase or rate and term refinance
30 Year Fixed 5.125% (same) 5.218% $544.49 Interest and Principal
• Cash out refinance***
15 Year Fixed 4.500% (same) 4.656% $764.99 Interest and Principal
• Purchase or rate and term refinance
15 Year Fixed 4.625% (same) 4.782% $771.40 Interest and Principal
• Cash out refinance***
Bond Money 5.500% (same) 6.150% $616.94 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee
FHA Fixed 5.000% (same) 5.625% $592.05 Int. & Princ. & Mtg. Ins.
• Purchase or refinance
Jumbo Fixed 6.250% (same) 6.349% $2,6573.71 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

• *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. Cash-out refinances (including paying off a non-purchase 2nd mortgage) could result in a slightly higher interest rate. The interest rate 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.

ANSWER: CRAP
Using thatch for roofing goes back as far as the Bronze Age in Britain.

ON THIS DATE IN HISTORY:
On this date in 1908 New York City passed a regulation making it illegal for women to smoke in public.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078