I have been visualizing for WEEKS how I will handle my 2 kids solo on the airplane this weekend. You see, Diego, 6, is not the issue, he will just play his DS Plants vs. Zombies the entire trip to see Grandma in NJ. It’s the 18 month old, Pablo, that I am worried about. Not only have I bought him his own seat, but should I dare purchase one of those harnesses I see parents put their kids on? Although tempting, I won’t go that far, but this kid is beyond busy. He climbs on tables and furniture for a living. I am loading up on snacks, his favorite DVD’s, and praying he will just take a nap the entire way. Maybe some Benadryl…………………….
Facebook’s IPO is certainly consuming the markets. It’s much more interesting than the Fed Chairman’s talk about monetary easing, low fed funds rates until 2014, and certainly Greece. Who knows where rates will go, that is my answer. Enjoy it now, and yes, your clients should be buying now. Rates are truly lower than ever!!!!!!!
Compliance continues to be a big buzz word for lenders. So this will push up fees to the consumer, slowly but surely, as well as continued tightening of guidelines. Our investors we sell to are consistently hammering us on appraisals, paperwork, and outside the box scenarios. What this translates to is our underwriters, processors, and loan officers have to be thorough and accurate at all times with the client! Be rest assured that our loan team is always training, and perfecting our internal processes so that the transaction remains seamless to the client.
Speaking of team, I would like to commend mine! Brianna and Kenny are my 2 loan partner assistants, which equates to my right and left hand. Brianna takes all incoming lead calls, and helps me pre qualify clients in under an hour! Kenny is ‘contract to close’. He makes sure clients get the lowest rate once under contract, and that we meet deadlines! Nancy helps me with all my scheduling, email, calendar, and basically keeping me on track. They do an excellent job of creating raving fans of our clients, so that they refer us to our friends! And that translates to more referrals for you, the referring agent! We received 5 current client referrals this month, so 5 of our realtors had repeat business due to a positive transaction. I am currently looking to add another loan assistant, so if you know anyone with minimal mortgage experience, please have them contact me.
To find out more about how we can help you sell more houses….call me!
Have a great weekend…and GO GIANTS! (My parents are from Jersey)!
RATES as of February 3, 2012 (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) 3.000% APR 3.315% 15 year ( fixed ) 3.625% APR 3.821%
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 3.243% 5/1 ARM 2.750% APR 3.238%
7/1 ARM 2.875% APR 3.229%
5/1 ARM 2.625% APR 3.208% 10/1 ARM 3.625% APR 3.623%
FHA call for quote (max loan $270,000) 5/5 ARM 3.125% APR 3.047%
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 purpose only and is not for distribution to the general public. Depending on the borrower's actual circumstances, such as credit, debt ratios, etc., rates may vary. Special niche products may also be available.
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