SUMMER 2017homeowners.mwfinc.com/uploads/BorrowerNewsletterJuly2017_1.pdf · Rate/Term Refi Reduce...
Transcript of SUMMER 2017homeowners.mwfinc.com/uploads/BorrowerNewsletterJuly2017_1.pdf · Rate/Term Refi Reduce...
I N S I D E T H I S I S S U E :
M O R T G A G E
R E F I N A N C E 1
R E L A Y F O R L I F E
A W A R D A W A R D E D
T O M W F
1
T H E A R T O F
N E G O T I A T I O N F O R
H O M E B U Y E R S
2
M W F H O N O R E D
W I T H T O P
M O R T G A G E
L E N D E R A W A R D
2
4 C U R B A P P E A L
P R O J E C T S 3
R E C I P E O F T H E
Q U A R T E R :
H Y D R A T I O N T I P S
3
B A C K T O S C H O O L
C H E C K L I S T 4
S U M M E R H O M E
M A I N T E N A N C E 4
S U M M E R 2 0 1 7
M O U N T A I N W E S T F I N A N C I A L W I N S A W A R D
F R O M R E L A Y F O R L I F E
Family Outdoor
Summer Activities
1. Backyard BBQ
2. Go Hiking
3. Plant a Tree
4. Water Balloon
Fight
5. Family Bike Ride
6. Outdoor Movie
Night
7. Bonfire w/Smores
8. Go to the Fair
9. Waterpark
10. Go Fishing
T H E R E ’ S S T I L L T I M E F O R A M O R T G A G E R E F I N A N C E
Mountain West Financial is honored to accept the 1st place Spirit award from
American Cancer Society's Relay for Life event that we sponsored in May.
We proudly donated nearly $7,200 to help fund life-saving cancer research,
patient support services, prevention and education information, and detection
and treatment programs. We want to thank our staff, family, friends, and valued business partners for months of fund-raising for donations. We look
forward to next year as our 15th year of being part of such a special event.
Rates are still low but are forecast to rise soon. If you haven’t refinanced lately, there’s still time to
refinance your mortgage before it’s too late!
Cash-Out Refi
Take advantage of your home’s
equity
600 Minimum FICO score
85% Maximum LTV (Loan-to-
Value Ratio)
SFR, PUD, Condo, 2 - 4 Units
OK
High Balance and
Manufactured Housing
Options Available
Rate/Term Refi
Reduce your rate or term
(i.e. 30- 15 year)
600 Minimum FICO score
97.75% max LTV (Loan-to-
Value Ratio)
SFR, PUD, Condo, 2 - 4 Units
OK
High Balance and
Manufactured Housing
Options Available
VA IRRRL
Streamlined Refi for military
service members & veterans
No appraisal
640 Min FICO
No income documentation
required (except when
principal and interest (P&I)
will increase 20% or more)
No assets (unless funds are
required to close)
High Balance and
Manufactured Housing
Options Available
HomeStyle Refinance
Pay off high interest energy
improvement debt
Pay off PACE and HERO loans
Pay off other secured or
unsecured debt that financed
energy-related improvements.
If you’re a state employed police officer, firefighter, teacher,
courthouse or healthcare worker now is a great time to consider
a refinance. CalPATH & PATH are reduced fee loan programs
made specifically for those who, like you, serve our community.
With rates still lower than they’ve been in years, and the recent
reduction in FHA mortgage insurance premiums (MIP) there is
no better way for a state employed homeowner to take
advantage than with a CalPATH & PATH refinance!
T H E A R T O F N E G O T I A T I O N F O R H O M E B U Y E R S
Negotiating the purchase of your new
property requires skill and a lot of
patience. By considering what you want
out of the deal, items that you are firm on
and items that you are flexible on, as well
as points that you can use as leverage,
will offer you the best chance of getting
what’s most important to you.
Whether you are well versed in
negotiations or not, it’s best to enlist the
help of a trusted realtor and mortgage
professional. Together, we
can create a checklist of
what matters to you the
most so that we can
aggressively, but fairly,
negotiate the purchase of
your new property.
While it's understandable
that you would want things
to go in your favor,
remember that the lender
will be looking at the fair market value of
your chosen property. Prepare for the
negotiation by asking for a comparative
market analysis that shows the trends in
that area. This will give you an idea of
whether the seller’s asking price is
reasonable.
You can also ask for information about the
length of time that the property has been
on the market and if there had been any
price changes during that time. All of this
S U M M E R S U N
S A F E T Y
Page 2 M O U N T A I N W E S T F I N A N C I A L - M O R T G A G E T I M E S
With the weather being so nice out in the summer time, make sure you and your family have fun but also stay safe in the sun.
Follow these helpful tips:
1. Use sunscreen of SPF 15 or higher every day.
2. Apply sunscreen 30 minutes before going outside.
3. Avoid sunlamps and tanning beds.
4. Stay in the shade during the peak hours of 10 a.m. through 4 p.m.
5. On days you are outside, apply at least SPF 30 and reapply every two hours.
6. Wear UVB blocking sunglasses, covering clothes and hats.
7. See your doctor every year for a skin exam.
8. Examine your skin once a month.
9. Keep newborns (less than 6 months) out of the sun.
*Courtesy of NYtimes.com
Benefits:
Reduced Processing and Underwriting Fees
FHA or Conventional Loan Options
Available for High Balance Loans
Available for FHA Streamline Refinance
15,20,25, or 30 Year Terms Available
No Additional Qualifying—Follows MWF’s FHA &
Conventional Standard Guidelines
One Free Float Down—During the First 30 Days
After the Rate is Locked (or before the closing
disclosure is issued, whichever is sooner), if Rates Become Lower you can “Float Down”
C A L P A T H & P A T H R E F I N A N C E : G I V I N G B A C K T O T H O S E
W H O G I V E S O M U C H
is valuable information for negotiating the price
of the property.
The comparative analysis, listing history, and
price fluctuations are important details to
know, however, the details are only as strong
as your agent and mortgage professional's
ability to represent you effectively.
Revealing details could include whether the
seller has a deadline. If the seller has already
purchased a new home or has to
relocate quickly because of a
commitment to a new employer,
then you will have more room to
work out a deal. You'll also want to
find out what the current mortgage
balance is as well as their bottom
line.
There will be a point when the
seller is firm and no longer willing
to negotiate, but even then, you
can get something in return too! While built-in
amenities such as the dishwasher and garbage
disposal typically stay with the home, you can
negotiate other items that would normally be
associated with a home purchase.
In conclusion, be clear about what you want
and be flexible with your methods. But above
all, know that you have the backing of an
experienced mortgage professional assisting
you along the way.
1 0 W A Y S T O B E A T T H E S U M M E R H E A T A N D F R E E Z E
Y O U R B I L L
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4 C U R B A P P E A L P R O J E C T S T O M A X O U T Y O U R H O M E ’ S
V A L U E
With Summer in full swing, everyone is looking for ways to stay cool in the heat. Try a few or
all ways to beat the heat and help with your bills.
RECIPE OF THE
QUARTER: HYDRATION
IDEAS
It is easy to become dehydrated; espe-cially in summer. Many people find water
boring, or they just forget to drink it. Here are some simple recipes to satisfy that
sweet tooth with sweet and healthy hy-dration.
Strawberry and Cucumber Flavored Water
Place 8 ounces stemmed and thinly sliced strawberries and 1/2 thinly sliced
English cucumber in a pitcher. Add 2 quarts of water. Refrigerate 2 to 4 hours
to allow the ingredients to infuse. Stir well and strain, discarding the solids. Add
fresh strawberries and cucumber slices for garnish and plenty of ice. Keep refrig-
erated for up to 2 days.
All Citrus Flavored Water Slice 1 orange, 1 lime, 1 lemon into
rounds, then cut the rounds in half. Add to jar, press and twist with a muddler or
the handle of a wooden spoon. Press enough to release some of the juices, but
don't pulverize the fruit into pieces. Fill the jar with ice. Pour in water to the top.
Stir it with the handle of a wooden spoon or a chopstick. Put a lid on it, put it in the
fridge, and chill.
Apple – Cinnamon Water
Place 2 thinly sliced apples and 4 cinna-mon sticks in a pitcher. Add 2 quarts of
water. Refrigerate 2 to 4 hours to allow the ingredients to infuse. Stir well and
strain, discarding the solids. Add fresh apples and cinnamon sticks for garnish
and plenty of ice. Refrigerated for up to 2 days. Bonus, this recipe can also help
with blood sugar.
Pineapple, Kiwi and Passion Fruit Fla-vored Water
Combine 1 cup chipped pineapple, 1 kiwi peeled and sliced, 2 passion fruit, seeds
and pulp removed, 1.5 liters of water in a bottle or jug and let sit for 30 minutes to
infuse.
Orange and Vanilla Flavored Water Combine 2 liters of filtered water, 1 sliced
orange and 12 teaspoon vanilla extract, or a scraped vanilla bean in a jug/bottle
and let chill in the fridge for an hour to infuse.
*All recipes are courtesy of : The Food
Network, Simple-Delicious-Food.com, Detoxinista.com, and the Yummylife.com
If you have been focusing on home décor projects and boosting the interior of your home,
your front yard may be needing a bit of attention. Here are 4 curb appeal projects that can
help max out your home’s value.
1. Add or Replace a Few Design Basics—Walkways,
stone planters, flowering shrubs & quality mulch.
2. Add Color and Texture in the Right Places—Trees,
shrubs, perennials, natural accents & boulder accents.
3. Build a Deck or Patio if You Don’t Have One
4. Heap Loads of Love on Your Lawn– Fertilize, Aerate,
Weed & Rake. *Courtesy of Houselogic.com
1. Clean or change AC filters once a month –
The better it can breathe, the more
efficiently it can keep your home cool. If you
use a room air conditioner, avoid placing
any appliance nearby that would generate
heat, such as lamps, a computer or a
television. The extra heat may interfere with
the air conditioner’s thermostat.
2. Switch out your light bulbs – Install LED
lights because they produce light without
generating extra heat, unlike more
traditional incandescent bulbs. You’ll use
up to 90% less energy and save up to $80
over the bulb’s lifetime.
3. Use the wind-chill factor – Try using a
portable fan to blow cooler air toward your
face or feet. Also, don’t forget to turn your
ceiling fan off when you leave the room.
4. Save it for later – Wait to do heat producing
tasks like baking, using the dishwasher and
doing the laundry until late afternoons and
evenings when it is cooler.
5. Use windows and blinds to your advantage
– Open your windows to let in the cooler air
at night. Close your blinds or curtains during
the day to keep sunlight from heating up
the air inside your house. Try insulated or
blackout curtains as they do a terrific job
keeping the sun at bay.
6. Get low – When it’s really hot out, try
hanging out in the basement or lowest
floor in your home. You’ll stay cool as
your home’s cold air naturally sinks to
your level.
7. Program your thermostat – Program
your thermostat to a higher
temperature when the house is empty.
You can save about 1-3 percent per
degree, according to the U.S.
Department of Energy.
8. Keep air vents clear – Take a few
minutes to rearrange your furniture so
that all vents are exposed for
maximum efficiency, or install vent
deflectors. They’re inexpensive and
will redirect the air flow around
obstructions.
9. Switch up how you cook – Avoid using
the oven because it can turn your
house into an oven. Instead, step
outside and use your grill. Or, use the
microwave or a slow cooker.
10. Seal it up — Make sure cracks and
gaps around doors and windows are
sealed. Just as you don’t want to let
cold air into your home in winter, you
also don’t want to let warm air in
during the summer..
*Courtesy of ProjectEnvolve.com
M O U N T A I N W E S T F I N A N C I A L - M O R T G A G E T I M E S Page 4
S U M M E R S E A S O N A L H O M E M A I N T E N A N C E
It is important to work on your home maintenance according to the season. This checklist will
help you keep track of important home maintenance tasks, especially during your first year in a
new home. This is simply a recommendation, so make it work for you!
Summer
Install ceiling fans to cut cooling costs, or reverse the
direction of existing fans. Run your fans counterclockwise in
the warm months, and clockwise in the cool months.
Inspect the roof for missing, loose, or damaged shingles. You
don’t always have to climb up there to do this. In some cases,
you can do this from the ground with binoculars.
Clean the roof and gutters of leaves and moss.
Fix large cracks in concrete or asphalt driveways. Do this
during warm weather, when you can expect a few dry days for
proper curing time.
Inspect air conditioners, and replace the filter if necessary.
Have the fireplace inspected and the chimney swept. You’ll
likely pay less for these services by doing it in the offseason.
Clean and repair or replace window and patio door screens.
Most importantly, enjoy your new home! Taking care of these few
maintenance jobs will help you love your home for many years to
come. *Courtesy of Zillow.com