Scottsdale Mortgage Lender

Team Green at SAAR’s 40 Under 40 Event

It was fun hanging out with my squad and sponsoring SAAR’s 40 under 40 Event.

Congratulations to all the winners!!

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May 2018 – Team Green’s Newsletter

MAY 2018

 

 

 

 

Interest rates moved up some in April after staying stable for the majority of March.

We discuss these topics and more in Team Green’s May Newsletter.  Have a fantastic May!!

MY FAMILY:

We’re really trying to enjoy the weather before it gets scorching here in Arizona.

Lots of playing outside along with my son playing baseball 3 times a week.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’m lucky that I live a mile from my office so I’ve been skateboarding to work when I don’t need my car for meetings.

Life is pretty good.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

My wife got to enjoy 2 weekend girlfriend trips this month to Dallas and Austin – She’s so lucky J

While I also made a quick trip to Salt Lake City for a Manager’s meeting and the last snow board ride of the year.

We also got to enjoy a Gatbsy party for a family member’s birthday.

It was fun getting dressed up 20’s style and my wife looked smoking hot!!

 

 

 

 

 

 

 

MY WORK FAMILY:

We decided to throw a Country themed week at our branch in April.

 

 

 

 

 

 

 

The goal was to listen to Country music all day and have some fun with some songs, our dress,   dances, and skits.

We accomplished our goal – check out some of our videos below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’ve always liked seeing funny chalk board signs in front of bars and restaurants.

I liked them so much, I decided to get one of our own and we’ve been having some fun with that too.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Lastly, we are hiring – if you know anyone looking to be a part of a great culture and team, please have them give me a call.

Have a fantastic May!!

Please call us if we can help with any home purchase or refinance needs.

We are licensed in AZ, CA, CO, WA, MI, and GA.

TEAM GREEN  /  480-704-4890 / TEAMGREEN@FAIRWAYMC.COM

TODAY’S INTEREST RATES:

Mortgage rates slowly climbed higher in April after staying relatively stable during the end of February and through out March.

This broader trend is likely to continue which makes waiting to buy or finance a home very costly.

In the Phoenix market – we are seeing a combination of higher interest rates and home appreciation due to low inventory and high demand.

This is a double hit against people entering the home buying market as their payment is going up in 2 ways.

The chart below is a good indication of why we are urging buyers to not wait if they really plan on buying.

**The rates are a bit old but this does give a good illustration of the cost of waiting**

 

ONLINE MORTGAGE QUOTE / APPLY ONLINE:

For a no obligation mortgage quote, please call us or go to:

 

 

 

 

 

 

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

 

 

 

 

 

 

 

If you would like a MORTGAGE QUOTE by email, please answer questions below to teamgreen@fairwaymc.com:

REFINANCE QUOTE:

-What are your goals for a new loan – lower payment, cash out, payoff sooner, etc:

-Type of loan you would like – 30 year fixed, 15 year fixed, ARM, etc:

-Full Address of property (including city, state, and zip):

-Estimated Value of Home:

-Current Loan Amount (1st and 2nd separately if you have multiple mortgages):

-Do you want to escrow your taxes and insurance into your payment:

-Are you a Veteran:

-Where do you think your credit scores are today:

PURCHASE LOAN QUOTE:

-What state and county are you planning on buying in:

-Estimated Purchase Price:

-Loan Amount you would like to finance:

-What type of loan would you like – 30 year fixed, 15 year fixed, ARM, etc:

-Do you want to escrow taxes and insurance into your payment:

-Are you buying a primary residence, vacation home, or investment property:

-Are you a Veteran:

-Where do you think your credit scores are today:

Have a fabulous May and please call me any time if I can help with anything!!

 

Never let a date go by when you could let your clients know you appreciate their business

Never let a date go by when you could let your clients know you appreciate their business


HEART OF SCOTTSDALE RMS HOME TOUR – NOVEMBER 2ND

HEART OF SCOTTSDALE RMS NOVEMBER 2ND, 2017

Team Green and Fairway Independent Mortgage McCormick Ranch is a Gold Sponsor and is holding lunch for the Heart of Scottsdale RMS tour this Thursday starting at 8:00 am.

Come by and check out 9 homes ranging from $358,000 to $798,000 in the Gainey/McCormick Ranch. We will providing Pita Jungle for lunch at the last home.

We would love to see our friends and you may even see your boy (me) fumble some public speaking lines 🙂

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

#heartofscottsdale, #heartofscottsdalehometour, #heartofscottsdalerms, #scottsdalehometour, #arizonahometour, #pitajungleforlunch, #youmayevenseesarahgreenwhoishelpingmewiththelunch, #gaineyranchrealestae, #mccormickranchrealestate, #fairwayindendentmortgage, #fairwaynation, #fairwayindependentmortgagemccormickranch, #teamgreen.

 

 

 

 

 

 

HEART OF SCOTTSDALE RMS HOME TOUR – NOVEMBER 2ND

TEXT SIGNATURES – An Effective way to brand yourself to potential clients.

TEXT SIGNATURES – An Effective way to brand yourself to potential clients.

I came up in the mortgage business as a lead caller, meaning I was calling potential clients 4+ hours a day and a lot of other lenders were doing the same. I was always looking for ways I could make myself stand out over the competition.

Text signatures are an effective way to get a face and brand out to potential clients.

 

 

 

 

 

 

 

 

 

 

 

 

 

With texts becoming an increasingly popular way to communicate, I found some of my best initial conversations were done by text. By reaching out to a client by text and adding my picture and branding, it allowed me to put a face and company to the person the potential client was texting with.

The process is easy. Send your text. Immediately afterwords, send your picture text signature and it reads like an email signature would.

If you want us to create one for you, just reach out to me. This is just another way to help you stand out and get your branding to potential clients.

We are one of the few lenders out there that consistently creates consumer direct business through our markeing. I closed over 45 million dollars last year strictly from my own marketing, databasing, social media, blogging, and email newsletters.

Call us if we can help you create a marketing approach that works. We truly add value to our partnerships.

REGGIE GREEN / 480-206-5577 / REGGIE.GREEN@FAIRWAYMC.COM

#weaddvalue, #teamgreen, #fairwayindependentmortgagemccormickranch.

WEEKLY RATE – RATES MOVE HIGHER EVEN WITH POOR JOBS REPORT

WEEKLY RATE – RATES MOVE HIGHER EVEN WITH POOR JOBS REPORT

Interest rates continue to face pressure pushing the bond markets down and rate pricing up.

Rates moved to 2 month highs after the week jobs report on Friday, October 6th.

Typically, poor job creation in the US Non Farm Payroll report results in better pricing. The market viewed the numbers in a skewed way because large portions of the country were dealing with weather related issues that affected new jobs.

There was also a rise in wages reported which causes inflation. Inflation has been very low for some time and this is a big reason why mortgage interest rates have continued to stay low. If inflation increases, mortgage rates will go up with it.  

With economic pressure and the tapering of the FEDs balance sheet – I think that rates will continue to move slowly higher and highly recommend locking.

You can still get a 30 year fixed rate in the 3%’s for less than a point. Not bad, all things considered.

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .92 points (4.17% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       3.75% – .99 points (3.95% APR),     4.0% – 0 points (4.05% APR)

15 year fixed:        3.375% –  .99 points (3.53% APR),        3.75% – 0 points (3.79% APR)

5/1 ARM:        3.5% – .93 points (3.68% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.875% – .95 points (4.76% APR),     4.125% – 0 points (4.82% APR)

15 year fixed FHA:        3.75% – .99 points (4.25% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.875% – .88 points (4.05% APR),     4.125% – 0 points (4.18% APR)

30 year Fixed Jumbo:     3.99% – .79 points (4.15% APR),    4.125% – 0 points (4.18% APR)

7/1 ARM Jumbo:        3.375% – .92 points (3.51% APR),     3.75% – 0 points (3.81% APR)

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:

 

 

 

 

 

 

 

 

Team Green is a top 1% mortgage originating team in the country.

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. 

Have a great week and we would love to help you on your home loan!!

TEAM GREEN:

Jenn Patel / Senior Loan Officer:  480-818-376

Brian Johnson / Senior Loan Officer:  408-250-6622

Reggie Green / Branch Manager:  480-206-5577

TEAMGREEN@FAIRWAYMC.COM

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, Fairway Independent Mortgage McCormick Ranch,  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  October 9th, 2017 30 year fixed rates, October 10th 2017 30 year fixed rates, October 11th 2017 30 year fixed rates, October 12th 2017 30 year fixed rates, October 13th 2017 30 year fixed rates, October 14th 2017 30 year fixed rates, October 15th 2017 30 year fixed rates, October 16th 2017 30 year fixed rates.

WEEKLY RATE – RATES MOVE HIGHER EVEN WITH POOR JOBS REPORT

WEEKLY RATE – Fannie Mae Increases Debt To Income Ratio Limit to 50%

WEEKLY RATE – Fannie Mae Increases Debt To Income Ratio Limit to 50%

The big news this week is Fannie Mae’s implementation of DU version 10.1.

With DU 10.1, more borrowers will be able to qualify for a Fannie Mae conventional mortgage.

The most notable change is the increased max debt to income ratio to 50%.

 

 

 

 

 

 

 

 

 

 

If you were unable to qualify for a loan in the past due to debt to income ratio, please reach out to us. We would love the opportunity to look into this again for you.

Other notable changes are:

  • Easier approval for borrowers with disputed credit tradelines
  • ARM LTVs up to 95%
  • More self employed borrowers will be approved to use 1 year tax returns
  • Time Shares will no longer to be considered mortgages

 

Interest Rates Continue in Narrow Range Close to 2017 Lows

Interest rates continued to trade in a narrow range at or close to the lowest levels of 2017.

The Mortgage Backed Security Market closed last week trading up + 22 bps. Currently, well qualified borrowers are still able to get a rate in the 3%’s for less than a point.

I expect rates to continue in this narrow range for the time being barring an unforeseen event.

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 at right 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:       3.99% – .73 points (4.15% APR),       4.125% – 0 points (4.18% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .85 points (3.86% APR),     3.99% – 0 points (4.05% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  .97 points (3.44% APR),        3.625% – 0 points (3.76% APR),     3.99% – $0 costs (3.99% APR)

5/1 ARM:        3.5% – .94 points (3.69% APR),     3.875% – 0 points (3.99% APR)    

30 year fixed FHA:        3.875% – .99 points (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% – .91 points (4.23% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.875% – .86 points (4.04% APR),     4.125% – 0 points (4.17% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     4.0% – .53 points (4.1% APR),     4.125% – 0 points (4.18% APR),        

7/1 ARM Jumbo:        3.25% – .96 points (3.44% 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.  August 8th  2017 30 year fixed rates, August 9th 2017 30 year fixed rates, August 10th 2017 30 year fixed rates, August 11th 2017 30 year fixed rates, August 12th 2017 30 year fixed rates, August 13th  2017 30 year fixed rates, August 14th 2017 30 year fixed rates, August 15th 2017 30 year fixed rates.

WEEKLY RATE – Fannie Mae Increases Debt To Income Ratio Limit to 50%

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

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 Float Around 8 Month Lows

WEEKLY RATE – Interest Rates Float Around 8 Month Lows

Rates and the bond market have stayed in a relatively narrow range for the past month. Interest rates continue to float right around 8 month lows – the lowest levels since before the election.
That being said, prospects for rates moving higher on the horizon is still likely with the FED likely to raise the Federal Funds rate again this year.

The Mortgage Backed Security (MBS) market traded up + 6 bps last week and is trading down – 20 bps so far this week. Currently, a well qualified buyer can get a 30 year fixed rate in the 3%’s with less than a point – a great historical rate.

Fairway Independent Mortgage was again the top funding lender in Maricopa County, Arizona. This is a great accomplishment and I’m proud to work for such a great company. We have a great culture and our products and loan service are fantastic.


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

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:


 

 

 

 

 

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: 3.99% – .67 points (4.122% APR), 4.125% – 0 points (4.18% APR), 4.375% – $0 costs (4.375% APR)
20 year fixed: 3.75% – .79 points (3.91% APR), 3.99% – 0 points (4.04% APR), 4.25% – $0 costs (4.25% APR)
15 year fixed: 3.25% – .9 points (3.45% APR), 3.5% – 0 points (3.56% APR), 3.875% – $0 costs (3.875% APR)
5/1 ARM: 3.375% – .97 points (3.56% APR), 3.875% – 0 points (3.91% APR)
30 year fixed FHA: 3.75% – 1 point (4.625% APR), 4.0% – 0 points (4.7% APR), 4.375% – $0 costs (outside of FHA Fee) (5.07% APR)
15 year fixed FHA: 3.5% – .98 points (4.0% APR), 3.875% – 0 points (4.17% APR), 4.125% – $0 costs (outside of FHA Fee) (4.42% APR)
30 year fixed VA: 3.75% – .95 points (3.95% APR), 4.0% – 0 points (4.07% APR), 4.25% – $0 costs (4.25% APR)
30 year Fixed Jumbo: 3.875% – .99 points (4.07% APR), 4.125% – 0 points (4.17% APR),
7/1 ARM Jumbo: 3.0% – .94 points (3.19% APR), 3.375% – 0 points (3.41% APR)


WEEKLY RATE – Interest Rates Float Around 8 Month Lows

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