Friends

Friday afternoon was an awful time with rates jumping every hour. It appears things have stabilized this morning even going slightly in our favor. I sure hope the party isn’t over with rates in the 4%’s but it isn’t looking good. Inflation or the threat of inflation appears to be rearing its ugly head. Remember, INFLATION IS NOT OUR FRIEND.

Mortgage Tip of the Day: Effective earlier this year, when financing a condo, we must verify there is INTERIOR insurance on the unit. Usually the condo association provides for the exterior insurance. We don’t escrow for that interior insurance, we just need to verify that it is in place at the time of closing. Prior to this time, we let the owner decide if they wanted to buy insurance or not.

Thought of the Day: Life will not give you what you want or deserve, but will give you what you decide.

Today’s Fun Fact: Coca Cola was banned from India in 1977 for refusing to disclose its secret formula.

You know you’re From Columbus when… …you’re never more than two blocks from a Wendy’s.

Fact or Crap?: The five performing Marx Brothers had 11 marriages between them.

Legal Stuff

These rates are effective as of Mon., June 8, 2009 at 11:30am. These rates can change without notice.

Rates: 6/8/09 5.625% 30 year fixed (up .125) purchase or rate and term refinance

5.750% 30 year fixed (up .125) cash out refinance***

5.125% 15 year fixed (same) purchase or refinance

5.250% 15 year fixed (same) cash out refinance***

5.500% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.750% FHA Fixed (up .250)

5.875% VA Fixed (up .125)

7.500% Jumbo 30 year fixed (same)

***Cash out refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage.

30 days, escrow, $110K thru $417K loan amount, owner occupied, single family house, non condo, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

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.

Fixed Rates and 10/1, 7/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 96.5% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 5.707% $575.66 Interest and Principal

30 Year Fixed Cash Out APR 5.832% $583.57 Interest and Principal

15 Year Fixed APR 5.261% $797.32 Interest and Principal

15 Year Fixed Cash Out APR 5.386% $803.88 Interest and Principal

Bond Money APR 6.150% $616.94 Interest, Principal, and Mortgage insurance

FHA APR 6.683% $639.62 Interest, Principal, Mortgage insurance

VA APR 6.165% $605.73 Interest and Principal

Jumbo 30 Year APR 7.591% $2,921.82 Interest and Principal

Answer: CRAP: And so were their stage names. Chico, Harpo, Groucho, Gummo and Zeppo were actually Leonard, Arthur, Julius, Milton and Herbert, respectively.

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 went in our favor yesterday afternoon and again this morning forcing the 30 year fixed rate down to below 5% again. My concern is crude oil prices increasing along with gas prices. I’m worrying about long term inflation and is this the start of it?

Mortgage Tip of the Day: Did you know now, Joe Testa’s website can show all the recent sales to any specific house in Franklin within a certain radius of the house? It shows it on map form or it can create a list of sales with a detailed description of each sale. After pulling up a specific house on Joe Testa’s site, to the left is a line indicating “Area Sales Activity”. You work from there.

Thought of the Day: Leaders aren’t born they are made. And they are made just like anything else, through hard work. And that’s the price we’ll have to pay to achieve that goal, or any goal.

Today’s Fun Fact: Marilyn Monroe claimed the only thing she wore to bed was Chanel Number 5.

You know you’re From Columbus when… …your Halloween costume was specially made to fit over a snow suit.

Fact or Crap?: In the Shrek movies, the voice of Princess Fiona is Cameron Diaz.

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These rates are effective as of Tues., May 12, 2009 at 11:30am. These rates can change without notice.

Rates: 5/12/09 4.875% 30 year fixed (down .125%) purchase or rate and term refinance

5.000% 30 year fixed (down .125%) cash out refinance***

4.625% 15 year fixed (same) purchase or refinance

4.750% 15 year fixed (same) cash out refinance***

5.500% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.000% FHA (same)

5.250% VA (same)

7.500% Jumbo 30 year fixed (same)

***Cash out refinance means pulling out at least $2,000 or more or paying off a non-purchase second mortgage.

30 days, escrow, $110K thru $417K loan amount, owner occupied, single family house, non condo, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

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.

Fixed Rates and 10/1, 7/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 96.5% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 4.953% $529.21 Interest and Principal

30 Year Fixed Cash Out APR 5.079% $536.82 Interest and Principal

15 Year Fixed APR 4.759% $771.4 Interest and Principal

15 Year Fixed Cash Out APR 4.885% $777.83 Interest and Principal

Bond Money APR 6.150% $616.94 Interest, Principal, and Mortgage insurance

FHA APR 5.949% $592.05 Interest, Principal, Mortgage insurance

VA APR 5.293% $549.71 Interest and Principal

Jumbo 30 Year APR 7.591% $2,921.82 Interest and Principal

Answer: FACT: But her singing voice is provided by Renee Sandstrom whose bands include Kids Incorporated and Wild Orchid.

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 drifting our direction slightly this morning. Nothing really indicating why but it is.

Today’s Rates: 5.000% 30 year fixed (same)

4.625% 15 year fixed (down .125%)

7.000% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.000% FHA (same)

5.000% VA (same)

7.500% Jumbo 30 year fixed (same)

30 days, escrow, $110K thru $417K loan amount, owner occupied, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

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.

Mortgage Tip of the Day:
When a customer is going FHA and does a 15 year fixed loan with at least 10%, FHA does not require any MIP in their payment.

Thought of the Day:
One characteristic of winners is they always look upon themselves as a do-it-yourself project .

Today’s Fun Fact:
George Willig climbed the outside south tower of the World Trade Center in New York City on May 26, 1977. Abraham Beame, then mayor, fined him $1.10—a penny for each floor of the building.

You know you’re from Columbus when… you’ve experienced CRAZY weather, like huge golf ball sized hail in the same day that it’s sunny, or snowy in the same day it rains, or sunny but then a tornado, or freezing fog but then rain then sunny.

Legal Stuff
These rates are effective as of Tues., Jan. 13, 2009 at 11:30am. These rates can change without notice.
This is an Advertisement.

Fixed Rates and 10/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 96.5% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 5.079% $536.82 Interest and Principal

15 Year Fixed APR 4.759% $771.40 Interest and Principal

Bond Money APR 7.694% $714.47 Interest, Principal, and Mortgage insurance

FHA APR 5.949% $592.05 Interest, Principal, Mortgage insurance

VA APR 5.293% $549.71 Interest and Principal

Jumbo 30 Year APR 7.591% $2,921.82 Interest and Principal

Thanks for reading!!!!

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

This is going to be interesting.

Today’s Rates: 5.000% 30 year fixed (same)

4.875% 15 year fixed (same)

7.000% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.500% FHA (up .500%)

6.000% VA (same)

7.375% Jumbo 30 year fixed (up .125%)

30 days, escrow, $110K thru $417K loan amount, owner occupied, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

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.

Mortgage Tip of the Day:
Starting January 1, 2009, FHA loans registered will be required to put 3.5% down rather than the current 3% down. It is still not too late to register a loan for the 3% down option.

Thought of the Day:
Believe that you have it, and you have it.

Today’s Fun Fact:
Llamas have extremely and breath.

You know you’re from Columbus when… …you go out of state and people say “You’re from Ohio? So do you live on a farm?”

Legal Stuff
These rates are effective as of Fri., Dec. 19, 2008 at 11:30am. These rates can change without notice.
This is an Advertisement.

Fixed Rates and 10/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 97% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 5.079% $536.82 Interest and Principal

15 Year Fixed APR 5.010% $784.30 Interest and Principal

Bond Money APR 7.694% $714.47 Interest, Principal, and Mortgage insurance

FHA APR 6.437% $623.56 Interest, Principal, Mortgage insurance

VA APR 6.293% $613.94 Interest and Principal

Jumbo 30 Year APR 7.466% $2,888.00 Interest and Principal

Thanks for reading!!!!

Steve Wagner
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Today’s Rates: 5.000% 30 year fixed (same)

4.875% 15 year fixed (same)

7.000% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.000% FHA (down .500%)

6.000% VA (up .500%)

7.250% Jumbo 30 year fixed (same)

30 days, escrow, $110K thru $417K loan amount, owner occupied, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

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 and also close at certain times. We commend calling during business hours to make sure we have all the markets open and available.

Mortgage Tip of the Day:
Even though we are swamped with refinances, your purchase business gets to the head of the line. You are our most important client.

Thought of the Day:
The only thing even in this world is the number of hours in a day . The difference in winning or losing is what you do with those hours.

Today’s Fun Fact:
23 year old George Armstrong Custer was the youngest man ever to become general in the U.S. Army.

You know you’re from Columbus when… …we see nothing unusual about places named Licking County and Hocking County.

Legal Stuff
These rates are effective as of Thurs, Dec. 18, 2008 at 11:30pm. These rates can change without notice.
This is an Advertisement.

Fixed Rates and 10/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 97% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 5.079% $536.82 Interest and Principal

15 Year Fixed APR 5.010% $784.30 Interest and Principal

Bond Money APR 7.694% $714.47 Interest, Principal, and Mortgage insurance

FHA APR 5.949% $592.05 Interest, Principal, Mortgage insurance

VA APR 6.293% $613.94 Interest and Principal

Jumbo 30 Year APR 7.340% $2,850.00 Interest and Principal

Thanks for reading!!!!

Steve Wagner
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Today’s Rates: 4.750% 30 year fixed (down .250%)

4.625% 15 year fixed (down .250%)

7.000% + 1% Origination fee, First Time Homebuyer Bond Money (same)

5.000% FHA (down .500%)

5.000% VA (down .500%)

7.250% Jumbo 30 year fixed (down .125%)

30 days, escrow, $110K thru $417K loan amount, owner occupied, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% points, 0% origination fee.

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 and also close at certain times. We commend calling during business hours to make sure we have all the markets open and available.

Mortgage Tip of the Day:
In a refinance, there are four items we must deal with. 1.) the old principal, 2). Closing costs, 3) prepaid escrow funds 4) one month’s worth of interest. All of those numbers can be wrapped into the loan as long as there is enough equity remaining in the property, not to exceed 95%. The customer can also pay these costs out of their pocket if they like or any combination thereof. The key is, how much does the house appraise?

Thought of the Day:
The man of wisdom is never of two minds, the man of benevolence never worries, the man of courage is never afraid.

Today’s Fun Fact: A fetus in the womb can get hiccups.

You know you’re from Columbus when… We know all the seasons, Winter, Still Winter, Almost Winter and Construction.

Legal Stuff
These rates are effective as of Wed.., Dec. 17, 2008 at 11:30pm. These rates can change without notice.
This is an Advertisement.

Fixed Rates and 10/1 ARM rates @80% LTV, $100,000 loan amount

Bond Money Rates @ 97% LTV, $100,000 loan amount

FHA Rates @ 97% LTV, $100,000 loan amount

VA Rates @ 100% LTV, $100,000 loan amount

Jumbo Rates @ 80% LTV, $418,000 loan amount

30 Year Fixed APR 4.827% $521.60 Interest and Principal

15 Year Fixed APR 4.759% $771.28 Interest and Principal

Bond Money APR 7.694% $714.47 Interest, Principal, and Mortgage insurance

FHA APR 5.949% $592.05 Interest, Principal, Mortgage insurance

VA APR 5.293% $549.71 Interest and Principal

Jumbo 30 Year APR 7.395% $2,850.00 Interest and Principal

Thanks for reading!!!!

Steve Wagner
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078

Today’s Rate: 5.250% 30 year fixed (down .25%)

5.250% 15 year fixed (same)

5.750% 10/1 ARM (same)

7.000%+ 1% Origination fee, First Time Homebuyer Bond Money (same)

5.500% FHA (down .500%)

6.000% VA (same)

7.500% Jumbo 30 year fixed (same)

30 days, escrow, $110K thru $417K loan amount, owner occupied, 740+ credit score (FHA, VA and Bond Money totally different parameters), 0% point, 0% origination fee.

Mortgage Tip of the Day:
Maximum seller contribution for an owner occupied property is 6% for FHA, 6% for conventional up to 90% LTV and 3% up to 95%. Seller contribution means the seller can pay the closing costs, points, prepaids but cannot go towards the down payment. If the entire seller contribution is not used the balance goes back to the seller. We recommend if the entire amount is not used to use those excess funds to buy the rate down by buying points.

Thought of the Day:
Many an opportunity is lost because a person is out looking for 4 leaf clovers

Today’s Fun Fact:
A female elephant can be pregnant for almost two years.

Legal Stuff
These rates are effective as of Thurs., Dec. 4, 2008 11:30 pm. These rates change without notice.
This is an Advertisement.

Fixes Rates and 10/1 ARM Rates @80% LTV $100,000 loan amount

Bond Money Rates @ 97% LTV $100,000 loan amount

FHA Rates @ 97% LTV $100,000 loan amount

VA Rates @ 100% LTV $100,000 loan amount

Jumbo Rates @ 80% LTV $418,000 loan amount

30 Year Fixed APR 5.330% $552.20 Interest and Principal

15 Year Fixed APR 5.386% $803.88 Interest and Principal

10/1 ARM APR 5.512% $583.57 Interest and Principal, rate may change after consumption

Bond Money APR 7.694% $714.47 Interest, Principal, and Mortgage Insurance

FHA APR 6.437% $623.56 Interest, Principal, and Mortgage Insurance

VA APR 6.293% $613.94 Interest and Principal

Jumbo 30 Yr. APR 7.591% $2,921.82 Interest and Principal

Thanks for reading!!!!

Steve Wagner
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-486-4078