Month: July 2017

Let’s Get Prequalified, Prequalified!

LETS GET PREQUALIFIED, PREQUALIFIED!! – TEAM GREEN.
This one’s for the people that love the 80’s.
 
In all seriousness, one of the first steps in searching for a home should be to get prequalified for financing if you are not buying with cash.
 
Far too often we see customers looking at homes that exceed a comfortable payment or are out of their price range. Within a short period of time, we can prequalify you and get you rate, payment, and down payment options for your scenario.
 
This way you know what you are working with and are focusing on homes that you can not only purchase, but also have a payment and down payment that you are comfortable with.
 
We would love the opportunity to work with you.
Call us today at 480-206-5577.
Or get a fast and easy mortgage quote at http://www.freemortgagequote.biz.
#letsgetprequalified, #builtoncustomerservice, #teamgreen, #fairwaymortgagemccormickranch, #fairwayarizona, #scottsdalemortgagelender, #arizonemortgagelender.

Testimonial Tuesday – Team Green

TESTIMONIAL TUESDAY – TEAM GREEN.

It’s always awesome when our clients take the time to review our team online.  Joanne started with me last year but we were not able to qualify her at that time.

She put in the work required and 7 months later boom – we were able to complete the loan she wanted.

Thanks Joanne for your business – we appreciate you trusting us to refinance your 2nd home.

Communication is a key component in our team’s philosophy on customer service.  We have a system of updating the client every Monday and Thursday.

This is not an automated update, but a real update from us on exactly what is happening with their loan – good or bad. 

I believe this is one of the main reasons why we get so many happy clients and repeat customers – great communication.

Thanks again Joanne and great job Jenn and Jo – killing it.

#communication, #teamgreen, #fairwaymortgagemccormickranch, #fairwayindependentmortgagearizona, #highlyreviewedarizonamortgagelender, #scottsdalemortgagelender, #phoenixmortgagelender, #arizonamortgagelender, #reggiegreen, #jennpatel, #jolynanderson.

 

TEAM GREEN TESTIMONIAL:

Team Green Testimonial.
Thanks again for your business and the great testimonial David. Congratulations on your new home. Thanks to my awesome team who gets the loan closed and keeps the client updated through out the process. #teamgreen, #fairwaymortgagemccormickranch.
I would without any reservations recommend Reggie’s team to anyone looking to buy, refi, or any other home financial needs. Reggie has put together an impeccable team of experts that I had the pleasure to work with. Reggie, Jennifer and Jolyn walk you through the whole process and respond to questions immediately. They are genuine, professional and fun to work with. Their knowledge of the home financial industry is the best I have encountered. Reggie’s spirit is infectious. He’s very compassionate about his clients. Thank you Reggie for all your help. Oh and thanks to the Maricopa Sheriff and Buckeye Fire Departments for rescuing me..without them Reggie may have been missing a client.

WEEKLY RATE – Interest Rates Reverse Course and Improve

WEEKLY RATE – Interest Rates Reverse Course and Improve

After moving up much of the prior week and a half, mortgage interest rates found some positive momentum, improving 5 of the last 7 days.

The Mortgage Backed Security (MBS) market closed last week up + 34 bps and is trading this week up + 39 bps.  The bond markets trading up is a positive for interest rates.

Most investor eyes this week are on the announcement by the European Central Bank on Thursday.  The main topic of interest is how far away the Bank is from tapering it’s balance sheet.  I expect rate pricing to moderately improve before the announcement but the actual announcement is a high risk event.

Even if the announcement is seen as a positive for interest rates, I don’t see rates moving a ton lower than current levels without a major stock market correction or an unforeseen event that moves markets.  That being said, most indicators are that the stock market is over valued at the moment so a correction is not out of the question.

As always, have an amazing week and we’re always available if you need help with a new home loan purchase or refinance. 

TEAMGREEN@FAIRWAYMC.COM

Jenn Patel / Senior Loan Officer:  480-818-3769

Reggie Green / Branch Manager:  480-206-5577

For a no obligation mortgage quote, please answer questions on right or go to:

 

 

 

 

 

 

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

 

 

 

Fairway is a top 10 retail lender in the country based on funded volume.  I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life. 

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .86 points (4.16% APR),       4.25% – 0 points (4.28% APR),    4.375% – $0 costs (4.375% APR)

20 year fixed:       3.875% – .53 points (3.98% APR),     3.99% – 0 points (4.1% APR),  4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  1 point (3.45% APR),        3.625% – 0 points (3.767% APR),     3.99% – $0 costs (3.99% APR)

5/1 ARM:        3.375% – 1 point (3.57% APR),      3.875% – 0 points (3.99% APR)    

30 year fixed FHA:        3.875% – .9 points (4.75% APR),      4.25% – 0 points (4.95% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.625% – 1 point (4.125% APR),      4.0% – 0 points (4.3% APR),    

30 year fixed VA:        3.875% – .9 points (4.05% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.875% – 1 point (4.07% APR),      4.125% – 0 points (4.18% APR),        

7/1 ARM Jumbo:        3.125% – .99 points (3.32% APR),      3.5% – 0 points (3.55% APR)

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia.  Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  July 19th  2017 30 year fixed rates, July 20th 2017 30 year fixed rates, July 21st 2017 30 year fixed rates, July 22nd 2017 30 year fixed rates, July 23rd 2017 30 year fixed rates, July 24th  2017 30 year fixed rates, July 25th 2017 30 year fixed rates, July 26th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Reverse Course and Improve

Thank you David!!

So happy for our client David who closed on his home loan yesterday. David drove in from Colorado the other night and was confronted with his first flash flood and Arizona monsoon. He had to call 911 to get a sheriff out to his campsite and assist him in leaving. #welcometoarizona. 
 
David, our team truly appreciates you trusting us to get your home financed. I wish you and your dog the best of luck at your new crib.
 
Also, great to work with Rob Conway at Charity Real Estate, Meritage Homes and Carefree title. Awesome team work!!
 
TeamGreen@fairwaymc.com , 480-206-5577
#teamgreen, #fairwayindependentmortgage, #fairwaymortgagemccormickranch, #jennpatel, #jolynanderson, #meritagehomes, #carefreetitle, #wedomortgages.

Congratulations to the Trans – We appreciate your business!!

Congratulations to our awesome clients the Tran’s who just closed on their new build home in Scottsdale. The Trans were originally denied by a builder lender but we were able to use some creative financing to make it work. Thanks for the awesome review and congrats on your new home!!
TRAN TESTIMONIAL:
Reggie was very helpful and was always available when ever we need to have our documents explained to us. He seems to work 24 hours and sometimes we really need to have his help in the off hours.
 
Reggie ensures that we closed on our home in time for our trip out of the country. He was on top of all of the paperwork’s and was able to get us done timely. He’ll definitely get our referral and future businesses.
#teamgreen, #builtoncustomerservice, #fairwaymortgagemccormickranch, #sendusyourturndowns.

WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

WEEKLY RATE – Interest Rates Hovering At Recent Highs

It’s true, mortgage rates have drifted higher but since rates have moved in such a narrow range since January, rates aren’t really much higher than they have been.

On Friday, mortgage interest rates were fluctuating near 3 month highs, but were only about .125% higher than the 8 month low.  So the trade range has been narrow. 

Last week the Mortgage Backed Security Market (MBS) closed the week -26 bps.  This week, we are finally getting some positive traction with the MBS market trading up + 9 bps on Mondya and + 13 bps as of Tuesday morning.

Currently, most borrowers will have to pay slightly over a point to get in the 3%’s on a 30 year fixed conventional loan.  And slightly less than a point to get a 4.125%. 

I expect rates to continue in this narrow range barring an unforeseen event.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.  teamgreen@fairwaymc.com ; 480-206-5577. 

For a no obligation mortgage quote, please answer questions on right of webpage or go to:

 

 

 

 

 

 

 

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

 

 

 

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life. 

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience. 

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .74 points (4.27% APR),       4.25% – 0 points (4.29% APR),    4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – 1 point (4.07% APR),     4.125% – 0 points (4.17% APR),  4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  1 point (3.57% APR),        3.75% – 0 points (3.79% APR),     4.125% – $0 costs (4.125% APR)

5/1 ARM:        3.5% – .99 points (3.7% APR),      3.875% – 0 points (4.07% APR)    

30 year fixed FHA:        3.875% – 1 point (4.77% APR),      4.25% – 0 points (4.95% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – 1 point (4.25% APR),      4.125% – 0 points (4.42% APR),    

30 year fixed VA:        4.0% – .79 points (4.15% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.54% APR)

30 year Fixed Jumbo:     4.0% – 1 point (4.2% APR),      4.25% – 0 points (4.29% APR),        

7/1 ARM Jumbo:        3.375% – .83 points (3.54% APR),      3.625% – 0 points (3.69% APR)

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia.  Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  July 11th  2017 30 year fixed rates, July 12th 2017 30 year fixed rates, July 13th  2017 30 year fixed rates, July 14th 2017 30 year fixed rates, July 15th 2017 30 year fixed rates, July 16th  2017 30 year fixed rates, July 17th 2017 30 year fixed rates, July 18th 2017 30 year fixed rates.

WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

TESTIMONIAL TUESDAY – TEAM GREEN.

TESTIMONIAL TUESDAY – TEAM GREEN.

Always great to get a nice review from a repeat client. Thanks Tim – we really appreciate you trusting Team Green on your 1st and 2nd transaction with us. Thank you for your business!! #builtoncustomerservice, #teamgreen, #fairwayindependentmortgagecorporation, #fairwaymortgagemccormickranch, #scottsdalemortgageteam, #arizonamortgage, #wedomortgages.

Reggie and his team are the best refinance team you could ask for!!!!!
We were updated on the progress and were treated like family!!! I would recommend Reggie and his team to anyone looking to buy or refinance a property!

-Tim

WEEKLY RATE – Interest Rates Move Up .125%

WEEKLY RATE – Interest Rates Move Up .125%

I hope everyone had a happy and safe 4th of July!!

After floating around 8 month lows the week before, interest rate pricing took a turn for the worse starting on Tuesday of last week. From Tuesday to Monday July 3rd, interest rate pricing increased every day.  See article below from mortgage news daily:

—

Worst 5 Days For Rates Since The Election

by: Matthew Graham

Jul 3 2017, 1:42PM

Mortgage rates continue rising at an uncomfortable pace for anyone in the market to buy or refinance.  Today was the 5th straight day of quicker-than-average movement higher and it leaves the average lender at the highest levels in nearly 2 months.  

Whether or not this is as dramatic as it sounds depends on your perspective.  While it’s true that the past 5 days have been the worst since the US presidential election, it’s also true that interest rates are just over an eighth of a point higher during that time.  An eighth of a point (.125%) will cost you about 14 bucks a month on a $200k loan.  Alternatively, it would cost you $1200-$1600 in cash to get the rate back down to levels from 5 days ago on the same loan amount.  

For years, lenders have capitalized on the psychology of “monthly payments.”  $14/mo doesn’t sound like too much when it comes to a $200k home loan.  But consider going out of town for a week and coming back to find your closing costs roughly $1400 higher simply to keep the same quote you had last week.  For most, the $1400 upfront cost is the more effective way to communicate the true change in cost.

Bond markets and mortgage lenders will be closed tomorrow for the Independence Day Holiday.  The safest strategy is to assume the current weakness will continue until we see a definitive bounce.  

—

The Mortgage Backed Security (MBS) market closed last week down -57 bps and closed Monday down another – 13 bps.  Interest rates moved up about .125%.  4.125% is now the lowest rate we can offer for less than a point.

The June US Non Farm Payroll report comes out on Friday. Most experts I read have bearish technicals in regards to rate improvement, so my suggestion is locking rate pricing.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance. teamgreen@fairwaymc.com ; 480-206-5577.

For a no obligation mortgage quote, please answer questions at bottom of email or go to:

 

 

 

 

 

 

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

 

 

 

 

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience. 

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .66 points (4.25% APR),       4.25% – 0 points (4.28% APR),   4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – .98 points (4.07% APR),     4.125% – 0 points (4.17% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  .99 points (3.57% APR),        3.75% – 0 points (3.79% APR),     4.125% – $0 costs (4.125% APR)

5/1 ARM:        3.5% – .99 points (3.7% APR),     4.0% – 0 points (4.07% APR)    

30 year fixed FHA:        4.0% – .83 points (4.86% APR),     4.25% – 0 points (4.95% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – .95 points (4.24% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        4.0% – .95 points (4.19% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.54% APR)

30 year Fixed Jumbo:     4.125% – .56 points (4.23% APR),     4.25% – 0 points (4.3% APR),        

7/1 ARM Jumbo:        3.375% – .81 points (3.53% APR),     3.625% – 0 points (3.67% APR)

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  Fairway Independent Mortgage Corporation.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  July 5th  2017 30 year fixed rates, July 6th 2017 30 year fixed rates, July 7th  2017 30 year fixed rates, July 8th 2017 30 year fixed rates, July 9th 2017 30 year fixed rates, July 10th  2017 30 year fixed rates, July 11th 2017 30 year fixed rates, July 12th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Move Up .125%

Happy 4th of July – From Team Green

Happy 4th of July – From Team Green. Contact us 24/7 for your home financing questions, prequals, quotes.

We would love to help!!

teamgreen@fairwaymc.com,480-206-5577. #theseawasangrythatdaymyfriendlikeanoldmantryingtosendbacksoupatadeli, #guidingborrowersoverroughseas, #thepresidentiallenders, #teamgreen, #reggiegreen, #jennpatel, #jolynanderson, #fairwayindependentmortgage, #fairwayindependentmortgagemccormickranch, #fairwaymortgagemccormickranch, #scottsdalemortgagelenders, #wedomortgages.

Happy 4th of July – From Team Green.