This past week, Bank of America Chairman and CEO Ken Lewis and Mortgage, Home Equity and Insurance Services Executive Barbara Desoer participated in several media interviews presenting messages about the strength of our mortgage franchise and our determination to profitably and responsibly grow our business. I am pleased to share an example of these communications efforts.
On March 13, Bloomberg News ran an article headlined, “Bank of America’s Desoer Says ‘Thank Goodness’ for Countrywide.” Barbara was quoted as follows:
“Volume is good, application quality is holding up and the acquisition of Countrywide is really paying off for us with the additional capacity. Thank goodness we have it.”
Other highlights in the article included:
Extremely competitive jumbo mortgage rates and our desire to increase jumbo loan volume
Our commitment to improve the customer experience
Opportunities for loan production with Merrill Lynch affluent customers
The full Bloomberg News article is available at the following link: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aDe2IcgvIIQI
Ø Please take time to review this article. It offers a powerful message about Bank of America’s strength, stability and commitment to the mortgage marketplace.
Bank of America: Proprietary
Monday, March 16, 2009
Tuesday, February 10, 2009
Rates are lowest ever....even Jumbo Loans!
Now is the BIG window of opportunity to buy a watefront property! Don't miss out....the deals are incredible! Start Making Memories today!
Sunday, February 1, 2009
February....already??!!!
February has arrived and already things are looking more positive. Last time I checked Lake Hartwell's water level was about 14' below full pool as opposed to the 23' below we were at the Worst. This will help the Real Estate Biz and the people who live around Lake Hartwell have a happier attitude. Now....I can actually go on a boat ride and not worry myself to death about running into a rogue tree, old bridge or rock mound. I love Lake Hartwell in the wintertime....Those of us who live year round on the lake have it to ourselves during the fall, winter & most of the spring. How Lucky are we??!! The air is crisp and the haze is gone and you can see for miles and miles. For those of you that do not own a waterfront property on Lake Hartwell......NOW is the time to BUY! Interest Rates are LOW, LOW, LOW; Prices have dropped and it's a BUYER's MARKET! Call me Toll Free anytime: 877-314-1058. Thanks ~Parker
PARKER QUIGLEY, Real Estate Broker, ABR, E-Pro
Re/Max Foothills Realty
Lake Hartwell & Keowee Specialist
Toll Free: 877-314-1058
Fax: 864-287-0858
www.Hartwell-Keowee.com
www.LakeHartwellKeoweeRealEstate.com
www.ParkerQuigley.com
PARKER QUIGLEY, Real Estate Broker, ABR, E-Pro
Re/Max Foothills Realty
Lake Hartwell & Keowee Specialist
Toll Free: 877-314-1058
Fax: 864-287-0858
www.Hartwell-Keowee.com
www.LakeHartwellKeoweeRealEstate.com
www.ParkerQuigley.com
Friday, January 9, 2009
Bank of America Loan Programs as of Today
Bank of America Loan Programs 1.09.09
100%:
1. Doctor Loan, no PMI. Max loan amount is $1,000,000.00.
2. VA Loan, no PMI. Max loan amount $417,000.00. Seller may
pay up to 4% of closing costs, and pay off judgments and liens.
96.5%:
FHA Loan, see notes below. Max loan amts.
per county. Seller may pay up to 6% closing costs. Judgments and liens must be paid by client or 3rd party.
95%:
30yr, and 15 year fixed rate notes. Paying all closing costs for a purchase…
95% cash out refinance.
90%:
1. The No Fee Loan, with no PMI. Very limited funds at closing.
Second Home
80%:
Investment loans. Do not get mortgage protection, BPP.
Equity Lines.
75% 1. 1x Time Close Construction Loan:
A closing fee credit of up to $1,000 is offered if the customer’s newly constructed property meets Energy Star® energy efficiency requirements. The customer must submit verification, prior to document draw, that the property has been certified to meet Energy Star® energy efficiency requirements in order to receive the closing fee credit. Refer to the Energy Credit Mortgage (Program-Specific Operating Requirements) section in this Guide for important processing information. The lender credit of up to $1,000 is limited to covering transaction closing fees. The credit cannot result in cash-back to the borrower. Land used as down payment.
In addition, most all of our mortgages for primary and second homes now receive a FREE BPP policy for the first year that covers the following: 1. Disability 2. Involuntary Unemployment 3. Hospitalization 4. Loss of Life.
Please be aware of the following based on a FHA loan: With no minimum credit score, you may receive 96.5% financing. The 3% down payment may come from a blood related family member. The seller may pay up to 6% of the closing costs. In addition, a blood related family member may pay the buyers debt down to have them qualified for the loan, based on a high debt ratio outcome.
We now offer financing for up to 4 home with loan amounts not to exceed 3,000,000.00 per home. These are only a few tips that may help in this tough real estate market that we are entering. Please be aware that products and programs are subject to change without notice. Bank of America is an equal housing lender.
Raymond Duncan: Cell 1.800.455.0703 or raymond.duncan@bankofamerica.com
100%:
1. Doctor Loan, no PMI. Max loan amount is $1,000,000.00.
2. VA Loan, no PMI. Max loan amount $417,000.00. Seller may
pay up to 4% of closing costs, and pay off judgments and liens.
96.5%:
FHA Loan, see notes below. Max loan amts.
per county. Seller may pay up to 6% closing costs. Judgments and liens must be paid by client or 3rd party.
95%:
30yr, and 15 year fixed rate notes. Paying all closing costs for a purchase…
95% cash out refinance.
90%:
1. The No Fee Loan, with no PMI. Very limited funds at closing.
Second Home
80%:
Investment loans. Do not get mortgage protection, BPP.
Equity Lines.
75% 1. 1x Time Close Construction Loan:
A closing fee credit of up to $1,000 is offered if the customer’s newly constructed property meets Energy Star® energy efficiency requirements. The customer must submit verification, prior to document draw, that the property has been certified to meet Energy Star® energy efficiency requirements in order to receive the closing fee credit. Refer to the Energy Credit Mortgage (Program-Specific Operating Requirements) section in this Guide for important processing information. The lender credit of up to $1,000 is limited to covering transaction closing fees. The credit cannot result in cash-back to the borrower. Land used as down payment.
In addition, most all of our mortgages for primary and second homes now receive a FREE BPP policy for the first year that covers the following: 1. Disability 2. Involuntary Unemployment 3. Hospitalization 4. Loss of Life.
Please be aware of the following based on a FHA loan: With no minimum credit score, you may receive 96.5% financing. The 3% down payment may come from a blood related family member. The seller may pay up to 6% of the closing costs. In addition, a blood related family member may pay the buyers debt down to have them qualified for the loan, based on a high debt ratio outcome.
We now offer financing for up to 4 home with loan amounts not to exceed 3,000,000.00 per home. These are only a few tips that may help in this tough real estate market that we are entering. Please be aware that products and programs are subject to change without notice. Bank of America is an equal housing lender.
Raymond Duncan: Cell 1.800.455.0703 or raymond.duncan@bankofamerica.com
HAPPY NEW YEAR! GREAT NEWS!!!!!
THE LAKE LEVEL ON HARTWELL HAS COME UP A WHOPPING 6 FEET FROM OUR LOWEST LEVEL! Let it Rain, let it rain, let it rain some more!
Friday, December 26, 2008
Happy Holidays, Season's Greetings, Merry Christmas & Happy Hanukah
Happy Holidays to everyone! I hope you all had lots of wonderful time with your friends and family! I have great news....The lake level came up 2 whole feet since 12/15/08!!!I'm ever so thankful for the rain!
Friday, December 19, 2008
Rates hit historic lows!
Check out the rate below
NationsMortgage
Are you having problems coming up with the
large downpayment their bank is requiring? For credit
worthy borrowers, this should not be a problem. Check
out the programs below.
Here are some of our niches that will help alomost everyone!:
1. 102% financing with our Rural Housing Program
*call for details
2. 97% financing with FHA and Conventional loans
3. 97% financing for customers with no credit score
4. 80% financing on Investment Properties and 2nd homes
5. Stated Income loans are still available
6. Jumbo loans up to $5,000,000.
7. 95% financing on manufactured homes
8. We also do all types of Commercial Properties
9. 80% financing down to a 525 credit score.
75% financing down to a 500 credit score.
* seller held second mortgages available for each.
10. Bank statement programs available. This is great for your customers
who don’t show much income on tax returns but are depositing plenty of money
in the bank each month.
* Keep in mind that for the time being, guidelines can change quickly. I’ll
keep everyone updated if any more changes occur.
My rates today are:
30 Year FIXED rate @ 4.50%
Thank you for the opportunity to earn your business.
Jon Herring
NationsMortgage
302 Williamston Road
Anderson, S.C. 29621
864-328-1770 (office)
864-328-1778 (direct)
877-328-1770 (toll free)
864-940-0259 (cell)
NationsMortgage
Are you having problems coming up with the
large downpayment their bank is requiring? For credit
worthy borrowers, this should not be a problem. Check
out the programs below.
Here are some of our niches that will help alomost everyone!:
1. 102% financing with our Rural Housing Program
*call for details
2. 97% financing with FHA and Conventional loans
3. 97% financing for customers with no credit score
4. 80% financing on Investment Properties and 2nd homes
5. Stated Income loans are still available
6. Jumbo loans up to $5,000,000.
7. 95% financing on manufactured homes
8. We also do all types of Commercial Properties
9. 80% financing down to a 525 credit score.
75% financing down to a 500 credit score.
* seller held second mortgages available for each.
10. Bank statement programs available. This is great for your customers
who don’t show much income on tax returns but are depositing plenty of money
in the bank each month.
* Keep in mind that for the time being, guidelines can change quickly. I’ll
keep everyone updated if any more changes occur.
My rates today are:
30 Year FIXED rate @ 4.50%
Thank you for the opportunity to earn your business.
Jon Herring
NationsMortgage
302 Williamston Road
Anderson, S.C. 29621
864-328-1770 (office)
864-328-1778 (direct)
877-328-1770 (toll free)
864-940-0259 (cell)
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