Brady Holland
Senior Mortgage Banker
V.I.P. Mortgage, Inc. 8414 N. 90th St. | Suite 102 Scottsdale, AZ 85258 RETURN SERVICE REQUESTED
85026 PERMIT 1441
Real estate financing can be a daunting task. And that is especially true in today’s world where lenders are more cautious about lending due to economic uncertainty. I understand that choosing a mortgage is one the biggest decisions that you will make. You want the best interest rate and you want the pre-approval, application, and close of escrow process to be hassle-free. I understand. I listen to your needs. And I respond quickly and deliver. Let me put my nearly two decades of residential lending experience to work for you! • The needs of every client are different. I specialize in tailoring a loan and financing strategy that will best fit the individual needs of each client. • Have you ever closed on a mortgage and later had remorse that you may have picked the wrong loan program or paid too much in fees? I offer a benefit analysis on every loan to ensure that the loan program and the associated costs are the best fit and in the best interest of the client. • I use the latest lending technology to deliver a loan credit decision in hours, not days. • Closing thousands of loans over the course of my career assures you that as an industry veteran I have the knowledge and expertise to handle every situation. • My impeccable reputation is my best asset. I always strive to exceed your expectations and earn your business for life!
Call me today!
I hope you had a nice holiday season. It is hard to believe it is now 2011. Happy New Year! 2010 was another pretty good sales year in the Metro Phoenix housing market. Interest rates were low, home prices were affordable, and there was a federal tax credit that helped build up buyer demand. December homes sales are expected to come in with a strong reading. These 4th quarter numbers compare favorably to what we saw at the close of 2009 (a record-setting year). It is very encouraging that home sales have picked up again at the end of the year. For 2011 we expect home sales volumes to slip a bit due to lower demand and rising mortgage rates. Home values may dip too as foreclosure lenders discount their prices to get their properties sold. Many people are asking when our real estate market will hit bottom and stop losing value. When the foreclosure and short sale inventories shrink, we will see more buyers of non-distressed, non-bank-owned homes which will
stabilize and eventually increase home values. WE need a marked improvement in employment opportunities to help struggling homeowners stay out of foreclosure while bringing in new buyers. Experts estimate the economy to take a big step forward in 2011. The other big factor influencing home sales and refinance activity is interest rates. Earlier this year we saw a six-month drop in mortgage rates that took us to historic lows. We recently saw those lower rates evaporate in just six weeks as the Federal Reserve implemented a program to create inflation to try to jump-start our ailing economy. As the economy improves next year, we will see mortgage rates rise. This is a clear signal to those wanting to refinance or purchase a home to do so as soon as possible to lock in a low mortgage rate before they bounce higher. The Federal Reserve has hinted at a raise in the prime rate in 2011, affecting those with a Home Equity Line of Credit. For those with existing mortgages, the start of the New Year is an excellent opportunity to review your mortgage options ahead of expected rate increases. Please contact me today for a free evaluation.
MORTGAGE RATES Brady Holland
Senior Mortgage Banker NMLS 180079
Office: 480.278.8993 Cell: 480.272.3282 E-Fax: 480.223.4290 BHolland@VIPMtgInc.com
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Loan Rates for $150K-$417K:
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Loan Rates for $418K-$1.5M:
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as of 12/18/10
• 30-Year Fixed: 4.875%/4.989% APR • 15-Year Fixed: 4.250%/4.440% APR • 5/1 ARM: 3.625%/3.727% APR • 30-Year Fixed: 6.000%/6.062% APR • 5/1 ARM: 4.375%/3.535% APR • 7/1 ARM: 5.000%/4.008% APR
*Note: All rate quotes offered at 0% origination fee for primary home purchase or no cash-out refinance financing with 720+ FICO score. Loans under $417K are quoted based on 20% equity while loans over $417K require 20%-30% equity. Other financing options are available upon request. All rates are quoted subject to change without notice. NMLS 145502 AZ BK#0909074
Arizona Homeowner March | April 2011
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
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