I love my smart phone, do you? After speaking with our referral partners and clients about what they’d like to see from us as an application, they shared a few ideas. They wanted to know how to contact us, they wanted to be able to easily refer us, they wanted to see current interest rates, and they wanted to be able to do simple refinance and purchase qualifying calculations. We have a few more ideas we’ll be adding in the near future that you’ll see automatically any time you visit our new Borrow Smart Mobile™ application. It’s FREE to install, and all you need to do is follow the instructions below from your web enabled smart phone.
For Android users:
1. Go to http://www.borrowsmartmobile.com/scombs
2. Click the 'Bookmark Icon' in the top right of your browser
3. Click 'Add Bookmark' from the settings options
4. Name the book mark 'Borrow Smart' and click OK
5. Go to a free spot on your home screen and long press on the screen until the 'Add to Home Screen' shows up
6. Choose 'Shortcuts'
7. Choose 'Bookmark'
8. Choose your recently created bookmark 'Borrow Smart'
For iPhone Users:
1. Go to http://www.borrowsmartmobile.com/scombs
2. Tap on the + icon on the bottom of the mobile Safari browser
3. Choose 'Add to Home Screen' from the options
4. Enter a name for the shortcut and tap on the 'Add' button
Please let me know what you think!
VA Funding Fee Changes
Effective Date: Loans Funded October 1, 2011 and After
Loan Products Affected: VA Purchase and Refinance Transactions
Pipeline Loans Affected: VA Loans Funded October 1, 2011 and After
Geographic Restrictions: None
Now that you’ve read this far, breathe a sigh of relief. Contrary to the trend lately, the VA Funding Fees are set to decrease for VA transactions (except for VA IRRRLs) funded October 1, 2011 and after. See the graph below to see how this will affect your VA Buyers moving forward.
NOTE: If your clients have a VA loan closing with my team and I after the October 1 date, rest assured, we’ve already made the change and are communicating this positive change today. - Steve
*Should Congress pass legislation making additional changes to the funding fee structure, VA will issue a Circular to advise us of the change. As your mortgage lending partner, I will notify you immediately upon receipt of this information.
Ok... Perhaps the title is a little audacious. But, maybe not. Especially for financially savvy home buyers in Maryland looking to buy with a 25% or more down payment. While The Home Ownership Accelerator loan is not for everyone, everyone should learn about it. A popular loan in Australia and the UK, The Home Ownership Accelerator is gaining popularity fast, and for good reason. Find out how the Home Ownership Accelerator can help you achieve your financial goals faster.
PAY OFF YOUR LOAN SOONER
In an era of reduced home values, people are more focused than ever on eliminating debt:
SAVE THOUSANDS IN INTEREST PAYMENTS
With the Home Ownership Accelerator, you deposit your entire paycheck into this innovative line of credit instead of your checking account, dramatically reducing the principal balance on which interest is computed. Paying less interest means you’ll have more money for paydown, which could enable you to pay off years earlier - - often in around half the time. Your money works for you, offsetting interest costs on your loan, versus earning next to nothing in a traditional checking account.
NO CHANGE TO SPENDING HABITS
While your money is idle, it keeps your loan balance lower, saving you interest. When you need funds for expenses, it works just like your old checking accounts – with regular checks, an ATM/Debit card, and online bill-pay.
You need to know about this amazing new financial tool.
Here are three ways to learn more:
* Join one of our upcoming consumer seminars in Southern Maryland about how the Accelerator works and its benefits.
* Or, simply contact me to see how this incredible new loan can truly accelerate achieving your financial goals!
Want to get started? Click the icon below:
Programs and terms subject to change without notice. Payments, draws, and variable interest rate will affect total interest and loan payoff timing. Loan balance may increase if withdrawals exceed deposits. “Home Ownership Accelerator” and the yellow flying house logo are trademarks of CMG Mortgage, Inc. All rights reserved; intended for use by Accelerator-certified, licensed mortgage professionals. © 2005-2009 CMG Mortgage, Inc. HUD ID#78442-0000-0; MD #10825. Academy Mortgage Corporation Company NMLS ID: 3113 State Corporate License: 12423 Branch NMLS#: 194057. Steve Combs NMLS ID: 381933 State License:19582. For more info, visit us online: www.Steve-Combs.com www.academymortgage.com/stevecombs.
It is becoming quite likely that we will see changes to the maximum loan limits effective September 30th. Unless congress acts before then, the maximum amounts for high balance loans will be reduced per the schedule below. This is effective for both Conventional and FHA loans. There is also a possibility that the conforming limit of 417,000 could be reduced effective the same date.
| County Name | CBSA Number | State | One-Unit Limit | Two-Unit Limit | Three-Unit Limit | Four-Unit Limit |
| ALLEGANY | 19060 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| ANNE ARUNDEL | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
| BALTIMORE | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
| CALVERT | 47900 | MD | $625,500 | $800,775 | $967,950 | $1,202,925 |
| CAROLINE | 99999 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| CARROLL | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
| CECIL | 37980 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| CHARLES | 47900 | MD | $625,500 | $800,775 | $967,950 | $1,202,925 |
| DORCHESTER | 15700 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| FREDERICK | 47900 | MD | $625,500 | $800,775 | $967,950 | $1,202,925 |
| GARRETT | 99999 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| HARFORD | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
| HOWARD | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
| KENT | 99999 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| MONTGOMERY | 47900 | MD | $625,500 | $800,775 | $967,950 | $1,202,925 |
| PRINCE GEORGE'S | 47900 | MD | $625,500 | $800,775 | $967,950 | $1,202,925 |
| QUEEN ANNE'S | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
| ST. MARY'S | 30500 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| SOMERSET | 41540 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| TALBOT | 20660 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| WASHINGTON | 25180 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| WICOMICO | 41540 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| WORCESTER | 36180 | MD | $417,000 | $533,850 | $645,300 | $801,950 |
| BALTIMORE CITY | 12580 | MD | $494,500 | $633,050 | $765,200 | $950,950 |
As we approach this deadline, watch out for lock terms that extend beyond the 9/30 deadline. If a high balance loan is locked in, best advice is to close by 9/30/11 - unless Congress extends the increased loan limits soon.
What's the Challenge? It's simple click the "Take the Challenge" Link below and agree with the following: "I pledge to eat at least one thing from a local farm every day during Buy Local Week!" (July 23-31, 2011). I urge you to joint me and inspire this initiative at your work place. It's healthy and safe, better for our environment, supports the local farmers and helps strengthen our economy and simply put, fresh food just tastes better. Visit any one of the links below for more information - all of which can be found here: http://buy-local-challenge.com/index.asp
NMLS 381933 MD: 19582 100% Financing Available! USDA Rural Development, VA, FHA, CDA, Conventional, Construction, Home Ownership Accelerator! Corp NMLS# 3113 Corp State License# 12423
I'm a producing manager so my team and I work with home buyers and home owners for their purchase and equity management needs. Beyond that, I am a listing lender. I help my inventory holding partners such as builders, Realtors, and institutional REIT's to market and sell their homes utilizing strategic financing to enhance a properties value and affordability to a perspective home buyer. I am looking to grow the Academy Mortgage Team and expand our organization with select, top-quality loan originators here in Maryland & Virginia. If you have a need that is real estate related, anywhere in the world, I am a terrific first point of contact as I have built accountable relationships that span the globe.
Philosophy: We have very competitive rates. And, I see my role different than a traditional Loan Officer. I'm a mortgage planner and advisor. And, I help my clients successfully manage their home equity to increase liquidity, safety, rate of return, and tax deductions. And, unlike a traditional loan officer, my role is to help you integrate the loan that you select into your overall long and short term financial investment plan to minimize taxes, improve cash flow and minimize interest expense.
Strategic Equity Management: One of the largest assets on a family's balance sheet is their home. We've discovered many people mismanage the equity in their home. They have goals to try and pay off their home the smartest, quickest way possible, but many go about it the wrong way.
OUR TEAM GOALS
Vision We are committed to deliver a mortgage experience that earns us a lifetime relationship with our clients. We pledge to improve the financial lives of our clients, strategic alliance partners, and employees to help them exceed their greatest goals and expectations.
Mission Our team is committed to providing financial services that help our clients meet their financial goals and achieve their personal dreams. Employees and clients will be considered life long relationships. We will operate our team with an atmosphere of respect, professionalism, personal growth and diversity.
My team and I look forward to working with you!
Sincerely,
Steve Combs
www.Steve-Combs.com
www.BuySOMD.com
www.SoMDloans.com
Custom Mortgage Planning ...For Life!
"Steve, Thank you so much for all your hard work and determination to see us through this long process. My family thanks you for all your help. We wish you and your family the best for this new year and always." January 11, 2011 Client, The Baltodano Family
"I dont feel like I can thank you enough for making our dreams come true, honestly." April 20, 2011 Client, R. Walker
"THANK YOU to you and your team for all the hard work you put into making this house happen for us!! The dedication and persistance you put into our case was beyond what we could have ever imagined. It is such a pleasure working with you. You better believe I am referring anyone and everyone I know right your way :)" April 19, 2011 Client, R. Walker
"Thank you for frequently informing us on the progression of things going on at your end with this house purchase. Ben and I really appreciate you being so attentive to our needs, as well as your willingness to make yourself available whenever we have needed you. It's a nice feeling to know that we are in good hands. I look forward to your weekly updates and want to thank you again for the work that you have done so far, as well as what is to come." March 24, 2011 Client Testimonial
“I want to say a special thank you for all the updates! That made a difference. I appreciate your hard work and professionalism and of course I will be calling you.” - April 2011 Barbara B., Realtor
"Steve is exceptional with the advice he provides within the lending business." April 27, 2009 Joshua Davis, President, TheBAYNET.com
"Steve is always available to help when needed, has great ideas and is always willing to help." March 29, 2009 Linda Fadely, REALTOR, Century 21 New Millennium
"Steve Combs is the Regional Vice President at First County Mortgage, LLC, which is an affiliate company to Century 21 New Millennium. I'm an agent with Century 21 New Millennium and am happy to recommend Steve for all of your Mortgage needs. He is one of the most Professional Loan Officers I have had the pleasure to work with. Financing a home or business is one of the most important decisions we can make. You want someone you can trust and Steve has the knowledge, skills and experience to deliver. Steve is always up to date with the latest tools available in lending programs, policies and procedures. You can trust that when Steve is working for you, you are getting the best service available." March 23, 2009 Suzanne Lawrence, Your Realtor, CENTURY 21 NEW MILLENNIUM
"I've worked with Steve on several real estate transactions in the past couple of years. He has been very accommodating and is willing to pursue whatever channels necessary to get the job done. He works well with buyers to find solutions to fit their needs and I recommend him as a solid professional, especially for complex mortgage transactions." February 21, 2009 Lucy Barbour, Real Estate Agent, Century 21 New Millennium
"Steve is a great mentor and a pleasure to work for. He is extremely knowledgeable and well versed in the mortgage industry. Steve's track record as a top producer is solid and he is well respected amongst his peers." November 24, 2008 Laurie Puccio, Senior Loan Officer, First County Mortgage
"Steve knows the Mortgage business. He can give you the info needed to make an educated decision. Definitely recommended." August 1, 2008 Top qualities: Great Results, Personable, Creative. Conor Loughran
"Steve is a very talented leader. He has a phenomenal work ethic and goes the extra mile to provide excellent service to his clients. If you're interested in a mortgage loan or a career in the mortgage business you owe it to yourself to contact Steve." July 31, 2008 Roy Bowerman, Sales Manager, Century 21 New Millennium
"Steve is extremely hard working and knowledgable. He is also sincere and easy to like. Anyone who decides to do business with Steve is making a very good choice" July 31, 2008 Rob Mercer, Vice President / Branch Manager, American Home Mortgage
"I highly recommend Steve Combs. He always makes sure that each client understands the loan process and makes them comfortable. He is very knowledgable on every aspect of financing." July 31, 2008 Top qualities: Great Results, Personable, Expert. Pamela Wood
"Steve is consistent in producing results quickly. I would recomend Steve to all level of clients knowing he will give great detail and good service with a "Can Do" attitude. His professionalism is outstanding and he is very easy to work with." July 30, 2008 Top qualities: Great Results, Personable, Expert. Barbara Blades
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