The Columbus Team | Real Estate » Stock Market http://www.thecolumbusteam.com Your source for Worthington, Dublin, Columbus & Central Ohio Real Estate Information Thu, 09 Feb 2012 15:14:38 +0000 en hourly 1 http://wordpress.org/?v=3.3 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/01/columbus-mortgage-rate-update-88/ http://www.thecolumbusteam.com/2012/01/columbus-mortgage-rate-update-88/#comments Tue, 10 Jan 2012 18:06:08 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=14788 No movement today on any of our rates. The market is general is moving against us but not enough to make rates go up. Stock markets up, Gold is up, Crude Oil is unforunately up, etc. Couldn’t read a good reason as to why.

MORTGAGE TIP OF THE DAY:
Junk Fees is a negative term to discribe the “out of pocket” costs lenders charge such as underwriting fees processing fees, etc. The reality of life is,it is profit.

THOUGHT OF THE DAY: (This is the serious part)
“Money alone sets all the world in motion.”
Publilius Syrus
1st Century B.C.
Latin writer of mimes

FUN FACT:
The average American laughs 15 times a day.

Tuesday, January 10, 2012, 11:30 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.000% (same) 4.072% $954.85 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (same) 4.198% $969.30 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 3.875% (same) 4.862% $1132.15 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (same) 4.723% $1132.15Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 4.875% (same) 4.980% $2,212.09 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.

• *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.

THINGS MY MOM WOULD HAVE SAID:
Be tactful. Never alienate anyone on purpose.

Rates and APRs Established By:

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

]]> http://www.thecolumbusteam.com/2012/01/columbus-mortgage-rate-update-88/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2012/01/columbus-mortgage-rate-update-84/ http://www.thecolumbusteam.com/2012/01/columbus-mortgage-rate-update-84/#comments Tue, 03 Jan 2012 18:05:44 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=14721 Positive economic news from around the world made interest rates jump up this morning. This also includes the US stock market, gold, mortgage rates and unfortuantely, crude oil which jumped dramatically.

MORTGAGE TIP OF THE DAY:
On a FHA or conventional loan, if the borrower has 10 payments or less on an installment debt we do not count that payment against them. We can have the borrower pay down the debt and get an updated credit report showing 10 payments or less. This does NOT work on a lease. The theroy is at the end of a lease, the borrower needs to do something in regards to another car.

THOUGHT OF THE DAY: (This is the serious part)
“How many of those dead animals you see on the highway are suicides?”
Dennis Miller

FUN FACT:
Dr. Martin Luther King’s first name was Michael.

The Martin, Traxler & Wagner Real Estate Finance Team of
Priority Mortgage Corp.

Tuesday, January 3, 2012, 11:10 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.000% (+.125%) 4.072% $954.85 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (+.125%) 4.198% $969.30 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 3.875% (-.125%) 4.723% $1132.15Int. & 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.

• *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.

THE GOLDEN BOOK by Dale Carnegie
Cultivate a Mental Attitude That Will Bring You Peace and Happiness:
Expect ingratitude.

THINGS MY MOM WOULD HAVE SAID:
Don’t postpone joy.

Rates and APRs Established By:

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

]]> http://www.thecolumbusteam.com/2012/01/columbus-mortgage-rate-update-84/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/12/columbus-mortgage-rate-update-74/ http://www.thecolumbusteam.com/2011/12/columbus-mortgage-rate-update-74/#comments Thu, 08 Dec 2011 19:20:05 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=14542 The European Central Bank President this morning made a cautious remark that made the entire world money markets nervous. Stock Market is down, Bond Market is down, Gold is up, Crude Oil is down. All indicative of that remark. Rates are going to right direction this morning.

MORTGAGE TIP OF THE DAY:
Priority Mortgage has available USDA loans. Those loans are made to properties outside City Areas. We will go over in the next few days some of the advantages and disadvantages of this program:
1. There are very few properties in Franklin County that can be financed under the USDA.
2. The property does not need to be a farm, it can be any property in the USDA boundry.
3. 100% financing is available.
4. Their is an upfront funding fee of 2% like a VA loan. That fee can be paid by the buyer or financed into the loan.
5. There is also a monthly funding fee of .30% (Loan amount times .0030 divded by 12). Similiar to PMI and MIP but called a different name.
6. USDA has a maximum income limit but it tends to be higher than OHFA.
7. The seller may pay up to 3% of the buyers closing costs, prepaids and funding fee.

THOUGHT OF THE DAY: (This is the serious part)
“Some cause happiness wherever they go; others whenever they go.”
Oscar Wilde

FUN FACT:
In the US, a baby is born every 8.5 seconds.

Thursday, December 8, 2011, 10:25am

Loan Program Rate: APR*: Payment Estimates:

The Martin, Traxler & Wagner Real Estate Finance Team of Priority Mortgage Corp.

30 Year Fixed 4.000% (same) 4.072% $954.84 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (same) 4.198% $969.30 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.375% (same) 3.498% $1417.46 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.500% (same) 3.624% $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 3.875% (-.124%) 4.723% $1132.15 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 4.875% (same) 4.980% $2,212.10 Interest and Principal
• 30 Year Purchase and Refinance over $418,000

5/1 ARM 3.000% (same) 3.311% $872.72 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

• *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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to stop worry and start living”:
How to face trouble: Prepare for the worse.

THINGS MY MOM WOULD HAVE SAID: (by popular demand, her words of wisdom are coming back)
Wave at children on school buses.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2342…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team of Priority Mortgage Corp.

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

]]> http://www.thecolumbusteam.com/2011/12/columbus-mortgage-rate-update-74/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-71/ http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-71/#comments Thu, 01 Dec 2011 00:42:34 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=14398 No movement with the rates this morning. Generally speaking, rates are slightly higher but not enough to make rates go up. The Stock Market is up, Crude Oil is up and Gold is up. All indicative of rates moving upward.

MORTGAGE TIP OF THE DAY:
Priority Mortgage has available USDA loans. Those loans are made to properties outside City Areas. We will go over in the next few days some of the advantages and disadvantages of this program:
1. There is no property in Franklin County can be financed under the USDA.

THOUGHT OF THE DAY: (This is the serious part)
“Be suspicious of any doctor who tries to take your temperature with his finger.”
David Letterman

FUN FACT:
The Bronx is the only part of New York City connected to the mainland.

Wednesday, November 30, 2011, 10:05 am

Loan Program Rate: APR*: Payment Estimates:

The Martin, Traxler & Wagner Real Estate Finance Team

30 Year Fixed 4.000% (same) 4.072% $954.84 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (same) 4.198% $969.30 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.624% $1429.76 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.751% $1442.08 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 3.990% (same) 4.953% $1146.51 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.125% (same) 5.231% $2,273.92 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

5/1 ARM 3.000% (same) 3.311% $872.72 Interest and Principal

30 Year Purchase and no cash out refinance

LEGAL STUFF

Provided for informational purposes only.

• *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.

THE GOLDEN BOOK by Dale Carnegie
Be a Leader:
Praise the slightest improvement and praise every improvement. Be “hearty in your approbation and lavish in your praise”.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2342…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

]]> http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-71/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-65/ http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-65/#comments Thu, 17 Nov 2011 18:38:19 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=14212 Things are holding steady this morning. Crude Oil is down $1.60 a barrel, Gold is down, Stock Market is down slightly. It’s a weird morning. The European worries is still affecting the US markets.

MORTGAGE TIP OF THE DAY:
When handling a borrower who is on commission, we ask for their entire tax returns to make sure the borrower does not have business expenses which would affect their real income. Those must be deducted from the gross income.

THOUGHT OF THE DAY: (This is the serious part)
“One disadvantage of having nothing to do is you can’t stop and rest”.
Franklin P. Jones

TODAY’S FUN FACT:
The word “honeymoon” comes from the ritual of drinking wine made for 30 days after a marriage.

Thursday, November 17, 2011, 10:30 am

Loan Program Rate: APR*: Payment Estimates:

The Martin, Traxler & Wagner Real Estate Finance Team

30 Year Fixed 4.000% (same) 4.072% $477.42 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (same) 4.198% $484.65 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (+.125) 3.624% $714.88Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (+.125) 3.751% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 3.750% (same) 4.751% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 4.000% (same) 4.953% $572.34 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.125% (same) 5.231% $2,273.92 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

Provided for informational purposes only.

• *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 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 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.

THE GOLDEN BOOK by Dale Carnegie
Win People to Your Way of Thinking:
Throw down a challenge.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2233…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

]]> http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-65/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-61/ http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-61/#comments Fri, 11 Nov 2011 21:18:10 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=14163 Rates are stable this morning even with things settling down in Italy and Greece. The Stock Market is in our favor, Crude Oil is going up and in theroy we should be increasing but we didn’t. Can’t explain what is up with that.

MORTGAGE TIP OF THE DAY:
First Time Homebuyer Bond Money folks just dropped their rate by .25% yesterday to 3.750% 30 year fixed with a 1% origination fee. 4.000% with no points.

THOUGHT OF THE DAY: (This is the serious part)
“If you don’t think too good then you should not think too often.”
Ted Williams

TODAY’S FUN FACT:
On this date in 1939 Kate Smith first sang “God Bless America” on television.

Friday, November 11, 2011, 10:35 am

Loan Program Rate: APR*: Payment Estimates:

The Martin, Traxler & Wagner Real Estate Finance Team

30 Year Fixed 4.125% (same) 4.198% $477.42 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.324% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same 3.624% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.751% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 3.750% (same) 4.751% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.990% (same) 4.953% $572.34 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.000% (same) 5.041% $2,244.66 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

Provided for informational purposes only.

• *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 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 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.

THE GOLDEN BOOK by Dale Carnegie
Win People to Your Way of Thinking:
Try honestly to see things from the other person’s point of view.

Rates and APRs Established By:

ROB MARTIN Mortgage Consultant
614-975-2233…rob@martin-traxler.com

TERRY TRAXLER Mortgage Consultant
614-783-2233…terry@martin-traxler.com

STEVE WAGNER Marketing Assistant
614-445-6667…stevewagner@stevewagnermortgage.com

The Martin, Traxler & Wagner Team

888.332.5301 Toll Free
614.474.8050 Fax
www.prioritymortgage.com

The finest compliment we can ever receive is the referral of your friends, family and business associates. Thank you for your trust.

Priority Mortgage Corp. – Quality Service Since 1984
Top 25 Residential Mortgage Lender as published by Business First
150 E Wilson Bridge Rd, Ste 350, Worthington, Ohio 43085

]]> http://www.thecolumbusteam.com/2011/11/columbus-mortgage-rate-update-61/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/10/columbus-mortgage-rate-update-48/ http://www.thecolumbusteam.com/2011/10/columbus-mortgage-rate-update-48/#comments Mon, 24 Oct 2011 16:34:42 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=13942 Rates are going slightly against us this morning but not enough to make rates go up. The Stock Market is up, Gold is up, Crude Oil is up, and Mortgage Rates are up slightly. No reason what is causing this.

MORTGAGE TIP OF THE DAY:
When buying a non-owner occupied property, Fannie does not permit the borrower to refinance until a 6 month period has passed. This is called a “seasoning period”.

THOUGHT OF THE DAY: (This is the serious part)
If you fail to plan, you plan to fail.

TODAY’S FUN FACT:
Elvis Presley’s favorite meal was a sandwich of peanut butter and bananas grilled in butter (…and a jelly donut).

Rates: Monday, October 24, 2011, 10:40 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.125% (same) 4.225% $484.65 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.500% (same) 3.676% $714.88 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.625% (same) 3.801% $721.04 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

Provided for informational purposes only.

• *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.

THE GOLDEN BOOK by Dale Carnegie
Principles from “How to Win Friends and Influence People”
Make the other person feel important—and do it sincerely.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

]]> http://www.thecolumbusteam.com/2011/10/columbus-mortgage-rate-update-48/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/10/columbus-mortgage-rate-update-40/ http://www.thecolumbusteam.com/2011/10/columbus-mortgage-rate-update-40/#comments Wed, 05 Oct 2011 20:52:47 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=13651 The situation in Greece is again affecting our mortgage market. The EU appears to be on the verge of helping out that country. That made money flow from the US back to Europe, forcing mortgage rates up some. The good news is our Stock Market also went up because of that, Gold is down, Crude Oil is up.

MORTGAGE TIP OF THE DAY:
I haven’t done this for a while. Let’s do it again. What makes a condo complex conforming to Freddie Mac and Fannie Mae? We will go through the list and will add an additional one every day.
1. The condo complex must have no more than 49% renters in the complex.
2. One person or entity cannot own more than 10% of the units in the complex.

THOUGHT OF THE DAY: (This is the serious part)
Contentment is not found in having everything, but in being satisfied with everything you have .

TODAY’S FUN FACT:
Chang is the most popular last name in the world.

Rates: Wednesday, October 5, 2011, 11:40 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 3.875% (same) 3.974% $470.24 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.000% (same) 4.099% $477.42 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.375% (+.125) 3.551% $708.73 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.500% (+.125) 3.676% $714.88 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

Provided for informational purposes only.

• *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: (things my Mom would have said)
Forget the Joneses.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-445-6667
Cell: 614-271-0888
Fax: 614-643-2850

]]> http://www.thecolumbusteam.com/2011/10/columbus-mortgage-rate-update-40/feed/ 0 Columbus Mortgage Rate Update http://www.thecolumbusteam.com/2011/09/columbus-mortgage-rate-update-37/ http://www.thecolumbusteam.com/2011/09/columbus-mortgage-rate-update-37/#comments Tue, 27 Sep 2011 18:43:18 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=13512 It appears the Greece situation and crisis seems to be easing, forcing money to flow back from the US markets to Europe causing rates to go up. Crude Oil is also up this morning a couple dollars a barrel along with our Stock Market, Gold, Silver, everything. This is a weird situation going on.

MORTGAGE TIP OF THE DAY:
When doing a portfolio blanket loan over two properties covering the property you currently live to buy the next property, we end up having two closings. Since the loan involves the current residence, the Federal Government requires the borrower have a three day right to think about the transaction. So we close the first phase of the loan on one day, wait three banking days then on the fourth day the funds become available to buy the second property thus having the second closing.

THOUGHT OF THE DAY: (This is the serious part)
A government big enough to give you everything you want, is strong enough to take everything you have.
Thomas Jefferson

TODAY’S FUN FACT:
Hummingbirds can’t walk.

Rates: Tuesday, September 27, 2011, 10:25 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.000% (+.125) 4.099% $477.42 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.125% (+.125) 4.225% $484.65 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.250% (same) 3.426% $702.67 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.375% (same) 3.551% $708.73 Interest and Principal
• Cash out refinance***

Bond Money 4.000% (same) 5.001% $572.42 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.750% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 Interest and Principal
• 30 Year Purchase and Refinance over $417,000

LEGAL STUFF

Provided for informational purposes only.

• *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: (things my Mom would have said)
Watch a sunrise at least once a year.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-643-2850

]]> http://www.thecolumbusteam.com/2011/09/columbus-mortgage-rate-update-37/feed/ 0 Columbus Mortgage Market Update http://www.thecolumbusteam.com/2011/08/columbus-mortgage-market-update-52/ http://www.thecolumbusteam.com/2011/08/columbus-mortgage-market-update-52/#comments Wed, 31 Aug 2011 21:14:41 +0000 Steve Wagner http://www.thecolumbusteam.com/?p=12978 Consumer confidence report came out yesterday which was very poor. That is what made rates fall yesterday morning and during the day yesterday. If you notice the gap between 15 year fixed and 30 year fixed is extremely wide. Normally, this gap is about .50% now it is just about 1 full percent. The Stock Market is going well this morning which usually is an indication that Mortgage Rates will follow. We tend, in a very general way, to follow the Stock Market. It’s a weird world out there right now.

MORTGAGE TIP OF THE DAY:
Beginning, September 1, 2011, OHFA’s First Time Homebuyer Bond Money will offer a 30 year fixed rate loan WITHOUT a 1% origination fee. They will charge .25% higher in rate instead.

THOUGHT OF THE DAY: (This is the serious part)
“Somebody said to me, ‘But the Beatles were anti-materialistic.’ That is a huge myth. John and I used to sit down and say, ‘Now, let’s write a swimming pool.’
Paul McCartney

TODAY’S FUN FACT:
There are more words in the English language than any other language in the world.

Rates: Wednesday, August 31, 2011, 11:00 am

Loan Program Rate: APR*: Payment Estimates:

30 Year Fixed 4.250% (same) 4.351% $491.94 Interest and Principal
• Purchase or rate and term refinance

30 Year Fixed 4.375% (same) 4.476% $499.59 Interest and Principal
• Cash out refinance***

15 Year Fixed 3.250% (same) 3.426% $702.67 Interest and Principal
• Purchase or rate and term refinance

15 Year Fixed 3.375% (same) 3.551% $708.73 Interest and Principal
• Cash out refinance***

Bond Money 4.250% (same) 5.274% $586.94 Int. & Princ. & Mtg Ins.
• First Time Homebuyer Bond Money + 1% origination fee

FHA Fixed 3.875% (same) 4.814% $565.16 Int. & Princ. & Mtg. Ins.
• Purchase or refinance

Jumbo Fixed 5.500% (same) 5.608% $2,373.37 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: (things my Mom would have said)
Go the distance. When you accept a task, finish it.

Stephen Wagner
Mortgage Lender since 1974
The Arlington Bank
4621 Reed Road
Columbus, OH 43220
Office: 614-486-9104
Cell: 614-271-0888
Fax: 614-643-2850

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