December 20, 2011

So what does ‘Auld Lang Syne’ mean anyway? I am apparently one of the 85% of the people polled (by stv.tv- a Scottish broadcasting company) that don’t even have a clue. Did you know that they also polled that 74% of the people (I am assuming Scots were polled) that just mime the lyrics, because they have no idea? So I went to Google. It means literally “for the sake of old times”, and also could be interpreted as “old long ago”, or “old long since”. In the 1700s, when James Watson (1711) and later Robert Burns (1788) released the lyrics, they meant for the meaning to be a remembrance of the last year. Later, the British caught on, and it slowly migrated around the world with the British. In 1939, a Canadian band leader (Guy Lombardo) popularized the song for New Years Eve.

Let us remember the last year, and be grateful! As for myself, personally, I saved 33% of my income, I am 20 pounds lighter, and I competed in 2 triathlons (sprint). We did mourn the loss of 2 loved ones, but that also brought me closer to others, and for that I am grateful. Professionally, for what I am most grateful, is to have supportive friendships in our referral partners, that through their trusted endorsements, we were able to help 216 families purchase a home or refinance this year (up 13% from the year before).

We look forward to strengthening our friendships with you in 2012, and wish you and your family the most prosperous New Year!

Cheers!


RATES as of December 30, 2011 (DOWN for the week)

The following assumptions apply:
• 20% Down Payment (Conforming) / 25% Down Payment Jumbo (Lower down payments available – call for details)
• 1% Origination Fee
• Escrows Required (if no escrow, higher fees may apply)
• Purchase Transactions, Primary Residence (Refinances have different rates)
• 30 day closing
• Credit Score 740 +
• Debt to income ratio <=40%
• Full Documentation of Income/Assets

Conforming ($200,000* - $417,000) Jumbo ($417,001- $1,000,000*)
10 year (fixed) 2.875% APR 3.189% 15 year ( fixed ) 3.875% APR 4.072%
15 year (fixed) 3.125% APR 3.343% 30 year ( fixed ) 4.500% APR 4.615%
30 year (fixed) 3.750% APR 3.874%
7/1 ARM 3.000% APR 3.322% 5/1 ARM 3.125% APR 3.369%
7/1 ARM 3.500% APR 3.543%
5/1 ARM 2.750% APR 3.278% 10/1 ARM 3.750% APR 3.717%

FHA call for quote (max loan $270,000) 5/5 ARM 3.250% APR 3.091%


We do originate loans below $200,000. These amounts are chosen to show the most favorable rates.
For other product options or for loan amounts less than $200,000 or above $900,000 please call for quote.
Call for details!


If you know of someone who would appreciate my services, please contact me with their name and number and I will be happy to help them!