Hope you all had a very nice Christmas.

THINK ABOUT THIS!!!
She was engaged to a boyfriend with a wooden leg but broke it off.

MORTGAGE TIP OF THE DAY:
The Arlington Bank’s preapprovals are good until something negative happens with the borrowers situation: i.e. lose a job, buy a new car, foul up your credit, spend your down payment. As long as everything stays the same or better, the preapproval is valid.

THOUGHT OF THE DAY: (This is the serious part)
Ability without ambition is like a car without a motor.

TODAY’S FUN FACT:
One of Louis Pasteur’s professors ranked him as barely mediocre in chemistry.

Rates: Monday, December 27, 2010, 10:55am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1932 Radio City Music Hall opened in New York City.

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!!!
Santa’s helpers are subordinate clauses.

MORTGAGE TIP OF THE DAY:
I am always open and always available.

THOUGHT OF THE DAY: (This is the serious part)
“The three stages of a man’s life: 1) He believes in Santa Claus. 2) He doesn’t believe in Santa Claus. 3) He is Santa Claus.—Anonymous

TODAY’S FUN FACT:
In Holland Santa is known as Sinterklaas.

Rates: Friday, December 24, 2010, 11:00am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1814 the War of 1812 ended when the U.S. and Great Britain signed the Treaty of Ghent.

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

1. Nevada +35.1%
2. Arizona +24.6%
3. Utah +23.8%
4. Idaho +21.1%
5. Texas +20.6%
6. North Carolina +18.5%
7. Georgia +18.3%
8. Florida +17.6%
9. Colorado +16.9%
10. South Carolina +15.3%

Some figures come out this morning showing the economy was doing slightly better than expected. Our rates are going the wrong direction this morning but not enough to make rates go up.

My segment “On this date in History” will be going away at the end of the year. I have run out of history. It will be replaced with something fun and interesting, I guarantee it.

THINK ABOUT THIS!!!
In democracy your vote counts. In feudalism your count votes.

MORTGAGE TIP OF THE DAY:
If you sold a house to buyers in the past several years financing it through OHFA, First Time Homebuyer Bond Money, remember, the property must ALWAYS be owner occupied. It CANNOT become rental property. The servicer WILL call the loan.

THOUGHT OF THE DAY: (This is the serious part)
No matter how carefully you plan your goals they will never be more than pipe dreams unless you pursue them with gusto.
W. Clement Stone

TODAY’S FUN FACT:
In Ireland a candle is placed in the window on Christmas Eve as a welcome light to all who might be seeking shelter.

Rates: Thursday, December 23, 2010, 10:45am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1823 “A Visit from Saint Nicholas” was first published anonymously and without Clement Moore’s knowledge.

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

1. Michigan -.6%
2. Rhode Island +.4%
3. Louisiana +1.4%
4. Ohio +1.6%
5. New York +2.1%
6. West Virginia +2.5%
7. Vermont +2.8%
8. Massachusetts +3.1%
9. Illinois +3.3%
10. Pennsylvania +3.4%

The market went against us yesterday afternoon suddenly but recovered late in the day and into this morning. We are basically where we were yesterday morning. It is so hard trying to guess what is happening and why.

My segment “On this date in History” will be going away at the end of the year. I have run out of history. It will be replaced with something fun and interesting, I guarantee it.

THINK ABOUT THIS!!!
Time flies like an arrow. Fruit flies like a banana.

MORTGAGE TIP OF THE DAY:
What is an overlay? Freddie, Fannie and FHA have rules on every possible situation you can imagine in financing, however the servicer, who must take part of the risk may have more strict rules, or OVERLAYS. That is why you may have one lender having certain rules while others have a different set. One good example is the number of investment properties a borrower is allowed to have. Freddie and Fannie say 10 properties however many lenders will only allow 4.

THOUGHT OF THE DAY: (This is the serious part)
Nobody ever won an argument with a customer.

TODAY’S FUN FACT:
Only one out of three people who buy jogging shoes use them for that purpose.

Rates: Wednesday, December 22, 2010, 10:40am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1440 Bluebeard was executed.

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!!!
What’s the definition of a will? (It’s a dead giveaway.)

MORTGAGE TIP OF THE DAY:
Fannie and Freddie (fixed rate financing) has a difficult time financing two buildings on one parcel. In order to do that, we must have other comparables with two buildings on one parcel which is practically impossible to find. We can do it in our portfolio but not at a fixed rate.

THOUGHT OF THE DAY: (This is the serious part)
If you can’t feed a hundred people, then feed just one.
Mother Teresa

TODAY’S FUN FACT:
“Sesame Street” characters outsell Disney characters.

Rates: Tuesday, December 21, 2010, 10:30am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (+.125) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (+.125) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1913 the crossword puzzle made it debut in the New York “World”. It was compiled by Arthur Wynne.

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!!!
A bicycle can’t stand on its own because it is two tired.

MORTGAGE TIP OF THE DAY:
There are three major credit bureaus in the nation: Trans Union, Experian, and Equifax. Each have a formula in calculating credit scores. We look at all three credit scores and take the middle one as the one we use. If there are only two credit scores for some reason, we take the lowest of the two.

THOUGHT OF THE DAY: (This is the serious part)
Sell good merchandise at a reasonable profit; treat your customers like human beings and they’ll always come back for more.
L.L. Bean, Founder of L.L. Bean

TODAY’S FUN FACT:
Yes, lima beans came from Lima. They were brought here from Peru by U.S. Navy Captain John Harris in 1824.

Rates: Monday, December 20, 2010, 10:35am

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.

ON THIS DATE IN HISTORY:
On this date in 1732 “Poor Richard’s Almanack” began publication in Philadelphia by Ben Franklin.

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!!!
When two egotists meet, it’s an I for an I.

MORTGAGE TIP OF THE DAY:
Just remember, when giving advice to a seller on short sale vs. foreclosure vs. bankruptcy, any misinformation you may give your customer could find yourself on the wrong end of a lawsuit.

THOUGHT OF THE DAY: (This is the serious part)
We may not be master of our daily work, but we are at least master of the spirit in which we do it.

TODAY’S FUN FACT:
Franklin Delano Roosevelt was the first president whose mother was eligible to vote for him (women weren’t allowed to vote before that).

Rates: Friday, December 17, 2010, 10:50am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (-.250) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (-.250) 5.092% $536.82 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.250% (-.125) 4.405% $752.28 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 4.375% (-.125) 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.

ON THIS DATE IN HISTORY:
On this date in 1777 France recognized the independence of the thirteen American colonies

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!!!
Reading while sunbathing makes you well red.

MORTGAGE TIP OF THE DAY:
Nationwide for the month of September 2010, 31% of all real estate sales were either bank owned or pre-foreclosure (short sales).

THOUGHT OF THE DAY: (This is the serious part)
There are no shortcuts to any place worth going.

TODAY’S FUN FACT:
Ivory soap became a sensation when a worker goofed and let a batch get too much air in it. The company was soon deluged by letters complimenting them on the wonderful new soap that floats. The soap-serendipity has made it a best seller for over 100 years.

Rates: Thursday, December 16, 2010, 11:00am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 5.125% (+.250) 5.218% $544.49 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.250% (+.250) 5.343% $552.20 Interest and Principal
• Cash out refinance***

15 Year Fixed 4.370% (+.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 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.

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!!!
Condoms should be used on every conceivable occasion.

MORTGAGE TIP OF THE DAY:
When a short sale occurs and the lender does NOT go after the owner for the difference, the lender will send a 1099 on the debt forgiven. Any forgiven debt is classified as income from the IRS therefore becomes taxable. If no 1099 is given, the bank expects that debt to be eventually paid.

THOUGHT OF THE DAY: (This is the serious part)
“A nickel ain’t worth a dime anymore.” Yogi Berra

TODAY’S FUN FACT:
Two-thirds of the world’s lawyers are in the USA.

Rates: Wednesday, December 15, 2010, 11:10am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1939 the world premiere of “Gone With The Wind” took place in Atlanta.

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!!!
Does the name Pavlov ring a bell?

MORTGAGE TIP OF THE DAY:
The city of Columbus also has a program to help folks facing foreclosure. It is called Homeport with Columbus Housing Partnership. There is help out there in many directions. Use it. Learn More

THOUGHT OF THE DAY: (This is the serious part)
Failures are divided into two classes – those who thought and never did, and those who did and never thought.
John Charles Salak

TODAY’S FUN FACT:
While Muhammad Ali was on a plane trip, the boxing great was told by a stewardess to put on his seat belt. Ali said, “Superman don’t need no seat belt,” to which the stewardess replied, “Superman don’t need no plane, either.”

Rates: Tuesday, December 14, 2010, 11:00am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.875% (same) 4.966% $529.21 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 5.000% (same) 5.092% $536.82 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.

ON THIS DATE IN HISTORY:
On this date in 1799 George Washington died at Mt.Vernon, Virginia at the age of 67.

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