Someone emailed me a few safety tips that I found interesting and useful. I thought I would share them with you over the next few days.
#1. Tip from Tae Kwon Do: The elbow is the strongest point on your body. If you are close enough to use it, do.

#2. Tip from a tourist guide: If a robber asks for your wallet and/or purse, DO NOT HAND IT TO HIM, toss it away from you….chances are that he is more interested in your wallet and/or your purse than you, and he will go for the wallet/purse. RUN LIKE MAD IN THE OTHER DIRECTION.

#3. If you are ever thrown into the trunk of a car, kick out the back tail lights and stick your arm out the hole and start waving like crazy….the driver won’t see you but everyone else will.

#4. Women have a tendency to get into their cars after shopping, eating, working, etc. and just sit (doing their checkbook or making at list, etc.) DON’T DO THIS. The predictor will be watching you, and this is the perfect opportunity for him to get in on the passenger side, put a gun to your head and tell you where to go. AS SOON AS YOU GET INTO YOUR CAR, LOCK THE DOORS AND LEAVE.

#5. If someone is in your car with a gun to your head, DO NOT DRIVE OFF. Instead gun the engine and run into anything, preferably backwards, wrecking the car. Your air bag will save you. If the person is in the back seat they will get the worst of it. As soon as the car crashes bail out and run. It is better than having them find your body in a remote location.

#6. When getting into your car in a parking lot or parking garage look around you. Look into your car on the passenger side and in the back seat before getting into it.

#7. If you are parked next to a big van, enter your car from the opposite side. Most serial killers attack their victims by pulling them into their vans while the person is attempting to get into their cars.

#8. Look at the car parked on the driver’s side of your vehicle and the passenger side….if a male is sitting alone in the seat nearest your car, you may want to walk back into the mall, or work and get a guard/policeman to walk you back out. It is always better to be safe than sorry. (and being paranoid than dead)

#9. Always take the elevator instead of the stairs. Stairwells are horrible places to be alone and the perfect crime spot. This is especially true at night.

#10. If the predator has a gun and you are not under his control, ALWAYS RUN! The predictor will only hit you (a running target) 4 in 100 times. And even then, it most likely will not be a vital organ. Run, preferable in a zig zag pattern.

MORTGAGE TIP OF THE DAY:
When a borrower decides to buy a house and NOT sell their old one but rent it out, unless the borrower is a seasoned landlord or has at least 30% equity in the old property, we cannot count that income to offset that payment. This is true for FHA and Conventional. In order to prove the property has at least 30% equity, an appraisal at the buyers expense must be performed. Seasoned landlord means they currently have other rental properties.

THOUGHT OF THE DAY: (This is the serious part)
“How can you govern a country which has 246 varieties of cheese?” Charles de Gaulle

TODAY’S FUN FACT:
The “Red Delicious” apple was originally called the Hawkeye.

Rates: Friday, February 11, 2011, 11:30am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 5.125% (same) 5.228% $544.49 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.250% (same) 5.354% $552.20 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.375% (same) 4.553% $758.62 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 4.500% (same) 4.679% $764.99 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 4.875% (same) 5.583% $601.12 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 INSTRUCTIONS:
Do business with those who do business with you.

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 going slightly against us this morning but again, not enough to make the rates go up.

Thanks!!! Steve

MORTGAGE TIP OF THE DAY:
If a buyer cannot sell their old house and decide to rent it out to cover their old house payment, we cannot use the income from the new rental to offset that payment if they are not an experienced landlord. This rule is true for FHA and conventional. The only exception is if the old house has more than 25% equity. The problem is proving that. We would need to have the old house appraised to see if that situation exists. This gets expensive.

THOUGHT OF THE DAY:
The wisest mind has something yet to learn.

TODAY’S FUN FACT:
A cockroach will live nine days without its head, before it starves to death.

Rates: Monday, 03/08/2010, 10:45am

Loan Program Rate: APR*: Payment Estimates:

3/1 ARM** 3.875% (same) 4.423% $470.24 Interest and Principal
• Up to $1,000,000 purchase or refinance. Payment would adjust to $496.95 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) 4.410% $491.94 Interest and Principal
• Up to $1,000,000 purchase or refinance. Payment would adjust to $491.94 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 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% (same) 4.531% $758.62 Interest and Principal
• Purchase or rate and term refinance

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

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

FHA Fixed 4.875% (same) 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 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 1894 bureaucracy caught up to man’s best friend as New York City passed its first dog licensing law.

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