Brady Holland Mortgage Planner
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!
MORTGAGE RATES as of 9/16/10
Loan Rates for $150K-$417K: • 30-Year Fixed: 4.375%/4.556% APR • 15-Year Fixed: 3.875%/4.189% APR • 5/1 ARM: 3.375%/3.588% APR
Loan Rates for $418K-$1.5M: • 30-Year Fixed: 5.125%/5.250% APR • 5/1 ARM: 3.750%/4.026% APR • 7/1 ARM: 4.000%/4.235% APR *Note: All rate quotes offered at 1% 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.
Brady Holland
Mortgage Planner NMLS ID 180079
Mobile: 480.272.3282 bradyh@ihlending.com www.imortgage.com/Brady.Holland
AZBK 0903725
Arizona Homeowner November | 2010
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MARKET WATCH UPDATE
In real estate news, record low mortgage rates have surprisingly not improved home buying demand in the last couple of months. But when you really think about it maybe it is not that surprising. You may recall that there was a government tax credit for homebuyers that expired at the end of June. It was such an attractive incentive that it created a huge bubble of housing demand. Similar to what happened to the auto industry after the expiration of the “Cash for Clunkers” program, there is a predictable hang-over effect where a lot of would-be buyers already rushed in earlier this year to buy and get the tax credit. The homebuyer tax credit program actually created bidding wars as buyers tried to secure home sales contracts before the tax credit expiration. And as a result, home prices were getting bid up during that period. But now we are having slack housing demand so new buyers entering the market are in a position to get homes at discounted prices. And with interest rates at a record low, now is the time to buy! In the lending world we have actually seen some recent easing of down payment requirements. And that is a good sign. For clients with high credit scores, the 10% down conventional loan program has been revised to 5% minimum down payment. And we still also have 3.5% down payment FHA loans in addition to 0% down VA and USDA loans.
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