The Columbus Team | Real Estate » Mortgage Rates

Columbus Mortgage Rates: Happy New Year!

admin — Fri, 30 Dec 2011 20:16:06 +0000

The market finally drifted enough this morning to make 30 year fixed rates drop .125%. Crude Oil again is down slightly but as you probably realized by now, Central Ohio gasoline prices increased dramatically overnight by $.14 a gallon. Who knows what’s up with that.

THE GOLDEN BOOK by Dale Carnegie
Cultivate a Mental Attitude That Will Bring You Peace and Happiness: Never try to get even with your enemies.

THINGS MY MOM WOULD HAVE SAID:
Keep secrets.

MORTGAGE TIP OF THE DAY:
One of the huge differences between FHA and conventional loans is in calculating the payoff. FHA calculates the interest month by month, conventional calculates the interest day by day. So if a seller with an FHA is going to close on December 26, 2011, they are charged a month’s interest in the payoff. If a seller has a conventionla loan, they are charged six days of interest in the payoff. One of the many differences between FHA and conventional loans.

THOUGHT OF THE DAY: (This is the serious part)
“See everything, overlook a great deal, correct a little.”
Pope John XXIII
(1881-1963)

FUN FACT:
Los Angeles is the second most populous Mexican city.

Mortgage Rates for Friday, December 30, 2011, 10:35 am

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

4.000% (same)

4.782%

$1146.52Int. & 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.
This is an advertisement.

· *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.

Rates and APRs Established By:
The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

STEVE WAGNER
Marketing Assistant
614-445-6667
stevewagner@stevewagnermortgage.com
888.332.5301 Toll Free

Columbus Mortgage Rate Update

admin — Tue, 27 Dec 2011 21:55:13 +0000

MORTGAGE TIP OF THE DAY:
No Cost Refinance: This is a refinance where we as a lender increase the interest rate which creates more profit, enough to pay the borrowers closing costs. It’s the reverse of paying points to get a lowering rate.

THOUGHT OF THE DAY: (This is the serious part)

“People react to fear, not love. They don’t teach that in Sunday school, but it’s true.”

Richard Nixon

FUN FACT:
When a gorilla is angry, it sticks its tongue out.

THE GOLDEN BOOK by Dale Carnegie
Break the Worry Habit Before It Breaks You: Decide just how much anxiety a thing may be worth and refuse to give it more.

THINGS MY MOM WOULD HAVE SAID:
Have a firm handshake.

Mortgage Rates for Tuesday, December 27, 2011, 11:05 am

30 Year Fixed

4.125% (+.125%)

4.261%

$969.30 Interest and Principal

· Purchase or rate and term refinance

30 Year Fixed

4.250% (+.125%)

4.324%

$983.88 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

4.000% (+.125%)

4.782%

$1146.52Int. & 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.
This is an advertisement.
*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.

We recommend calling during business hours to make sure we have all the markets open and available.

Rates and APRs Established By:
ROB MARTIN Mortgage Consultant

STEVE WAGNER Marketing Assistant
614-445-666
stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.
888.332.5301 Toll Free
www.prioritymortgage.com

Columbus Mortgage Rates: :-(…ugh!!!

Steve Wagner — Wed, 01 Jul 2009 22:46:28 +0000

Friends

We are having a difficult time trying to understand why rates went up this morning. All we can find is that the market is bracing itself for a series of economic reports coming out this week. Not sure why that would make rates go up. Crude Oil did go up this morning a couple dollars a barrel. That is always inflationary and inflation makes mortgage rates go up.

Brace yourself for long term, hyper inflation. Inflation is NOT our friend.

By the way, Hyper Inflation= high fuel prices, high prime rates, high mortgage rates. Unfortunately, it won’t mean higher real estate prices.

Mortgage Tip of the Day: Remember, the $8,000 first time stimulus money does not apply if the buyer is buying from a family member. It must be an arms length transaction before the stimulus money will be granted.

Thought of the Day: I know quite certainly that I have no special gift. Curiosity, obsession and dogged endurance have brought me my ideas.

Today’s Fun Fact: A watermelon is 92% water.

You know you’re From Columbus when… …every occasion calls for illegal fireworks.

Fact or Crap? Hydrocyclones are the severest of all cyclones.

Legal Stuff

These rates are effective as of Wed., July 1, 2009 at 11:30am. These rates can change without notice.

Rates: 07/01//09

5.375% 30 year fixed (up .125%) purchase or rate and term refinance

5.500% 30 year fixed (up .125%) cash out refinance***

4.875% 15 year fixed (up .125%) purchase or refinance

5.000% 15 year fixed (up .125%) cash out refinance***

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

5.500% FHA Fixed (same)

6.250% 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.

7/1 and 30 due in 10 require 30% down for Jumbos, 10% down for non-jumbos, 740+ credit scores, owner occupied Fannie Mae loans.

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

7/1 ARM and 30 due in 10 yrs. More than $417,000 require auto. Payment

30 due in 10 years @80% LTV, $100,000 loan amount

7/1 Rate may increase after consummation.

30 Year Fixed APR 5.469% $559.97 Interest and Principal

30 Year Fixed Cash Out APR 5.595% $567.79 Interest and Principal

15 Year Fixed APR 5.033% $784.30 Interest and Principal

15 Year Fixed Cash Out APR 5.159% $790.79 Interest and Principal

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

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

Jumbo 30 Year APR 6.335% $2,574.88 Interest and Principal

Answer: CRAP: A hydrocyclone is a device that separates sand from water.

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

Tho the Weather outside is frightful…

Jeanne O'Keefe — Thu, 29 Jan 2009 21:06:36 +0000

Let is snow, let it snow, let it snow! It is *Warm & Cozy* inside this fabulous home.

The Real Estate Market in Columbus is hot, hot, hot! Sue Lusk-Gleich reminds us that affordability, in terms of phenomenal interest rates in combination with home prices, is excellent! Remember that Real Estate is local, so forget the national news reports…it doesn’t apply to our market. It’s an especially great time for 1st time buyers who aren’t encumbered by selling a property prior to purchasing a new home. Say bye-bye to your landlord and let’s go look for your new home! Carpe Diem

352 Northridge Rd. -> 10 Reasons YOU will LOVE this House!

Jeanne O'Keefe — Tue, 13 Jan 2009 23:03:16 +0000

1. Awesome flooring!
The wood floors really are gleaming, the kitchen & bath have gorgeous ceramic tile and last, but not least, the den is a showcase of slate tile. All the flooring is in extraordinary condition and lives well. (Anyone with pets will appreciate the hard surface flooring and easy, easy cleaning and maintenance.)
2. Two Wood Burning Fire Places!
Both the living room and den feature real wood burning fire places creating wonderful ambiance & warmth. During the winter months in Ohio, these features are well-loved and enjoyed. Love the stone hearth in the den and the tiled hearth in the living room.
3. Extraordinary Kitchen!
Renovated in 2006, this room is fit for the most discriminating foodie. Love the granite counter, bright white cabinetry and great hardware. Lots of nooks & crannies for all your treasured yummies & gadgets. Smart design is showcased in this inviting work space including alternative lighting and attractive appliances.
4. Did I mention this Bathroom?
The vessel sink and oversized round mirror are stunning! Renovated in 2005, the entire room is bright, bold and invigorating. Yes, I did say the bathroom was invigorating…attention to detail is really impressive. Feels Spa-like.
5. Serenity Now in this Den!
While I already mentioned the beautiful slate floors and 2nd WBFP, I should also note the French Doors leading to one of the bedrooms, the wood paneled walls and the raw beauty of the stone hearth. I find this room a very peaceful space.
6. Move-in Ready Condition…what a treat!
The house is just lovely, inside and out! The walls are freshly painted in contemporary colors, the light fixtures are impressive, the obvious attention to every detail down to the window treatments is notable and the list goes on and on. One could literally, just unpack and feel at home. (If you’ve ever bought a ‘fixer-upper’ you may appreciate this feature even more!)
7. Pristine Basement ready for anything!
This 1940 home has obviously been well-cared for as indicated by the extremely good condition of the basement. The clean, freshly painted space offers a bevy of versatile options be it a home gym, craft room or home office. You decide!
8. Six panel Doors!
Be impressed by the original, solid wood, 6 panel doors throughout! The character of the home is amplified by so many of the extra nice features such as the doors, but I also should mention the generous closet space and crown molding. Quality and Style radiate!
9. Beautiful Landscaping and Fenced Yard!
While it may be difficult to appreciate the true beauty of this yard during the dormant winter months, the pictures of the home during the blooming season tell a different tale! Well-chosen, colorful and vibrant perennials fill the yard. The fenced yard offers an urban retreat worthy of the most discerning homeowner.
10. 2 Car Attached Garage!
A rare find in the neighborhoods of the 1940’s such as Clintonville, this home features a 2 car attached garage with side-load. You’ll never have to scrap the icy windows in the AM again with this fantastic feature. Besides, everyone loves a big garage to store our precious stuff!

OK, so I know I said this is 10 reasons you’ll love this house, but I need to say one more thing…. Location, Location, Location! Northridge Rd. is a beautiful street in central Clintonville. Pride of ownership, friendly neighbors and a good sense of community are intrinsic benefits to owning this home. Let us know if you would like to schedule a private tour. (More pictures and a virtual tour are ready to be seen on our official team website.)

: 352 Northridge Rd.