Friday, February 17, 2012

My dear friends, so sorry to disappoint, but this week’s newsletter will be short and sweet.
Rates are below, and don’t forget to RSVP for our Snack and Learn, Wed, February 22 (if you haven’t already).
Topic: “Till Death Do Us Part”: Being informed of issues that can arise when your buyer/seller is divorcing.
Where: 520 Post Oak Blvd, Ste. 100 (First American Title Conference Center)
Time: 1:00 – 2:30

Stay dry this weekend!


RATES as of February 17, 2012 (UNCHANGED 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 ) 3.750% APR 3.946%
15 year (fixed) 3.000% APR 3.217% 30 year ( fixed ) 4.375% APR 4.489%
30 year (fixed) 3.875% APR 4.000%
7/1 ARM 2.875% APR 3.199% 5/1 ARM 2.875% APR 3.229%
7/1 ARM 3.000% APR 3.243%
5/1 ARM 2.750% APR 3.198% 10/1 ARM 3.750% APR 3.669%

FHA call for quote (max loan $270,000) 5/5 ARM 3.125% APR 2.965%


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!

Jennifer Hernandez & Team
Kenny, Brianna, Jason, and Jose
Patriot Bank Mortgage
NMLS# 514497

Office: 713-337-8400
E-mail: jennifer@patriotbankusa.com
Website: www.applywithpatriot.com

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Information provided in this e-mail is intended as a tool for Real Estate Agents to be informed of the approximate rates available for home mortgages. It is intended for their sole use and p