Today’s rates for 01/04/2012 ***mention this email and receive 100.00 off closing costs***
Conventional 30 year fixed………… 3.750% APR: 3.813%
Conventional 15 year fixed………… 3.250% APR: 3.383%
Conventional 5/1 ARM………………… 2.750% APR: 2.838%
Please feel free to email or call me if you have a specific question or want a payment breakdown on a specific product as this is just a general rate flyer
All pricing based on primary home, single family residence purchase with 740 or higher credit scores and 70% or lower loan to value. Loan amount not to exceed maximum set forth for each program. All rate subject to change at any time without notice. All rated are based on 30 day locks. 100.00 of closing costs is for these specific rates only and can not be combined with any other deal.
Jeffrey C. Cochrane
Senior Mortgage Loan Officer
Reliant Mortgage LLC
970 Baxter Blvd.
Suite 201
Portland, Maine 04103
Phone: 207-553-7516
Cell: 207-730-6483
Fax: 207-321-5399
www.reliantloan.com/jeffreycochrane
NMLS # 367717
Today’s rates for 12/28/2011
Conventional 30 year fixed………… 3.875% APR: 3.938%
Conventional 15 year fixed………… 3.250% APR: 3.383%
Conventional 5/1 ARM…………………. 2.875% APR: 2.963%
Jumbo 30 year fixed…………………… 4.750% APR: 4.862%
Jumbo 5/1 ARM……………………………. 3.250% APR: 3.346%
USDA 30 year fixed………………….... 4.000% APR: 4.351%
VA 30 year fixed………………………….. 4.250% APR: 3.989%
FHA 30 year fixed………………………. 3.875% APR: 4.725%
Please feel free to email or call me if you have a specific question or want a payment breakdown on a specific product.
All pricing based on primary home, single family residence with 740 or higher credit scores and 70% or lower loan to value. Loan amount not to exceed maximum set forth for each program. All rate subject to change at any time without notice. All rated are based on 45 day locks.
Jeffrey C. Cochrane
Senior Mortgage Loan Officer
Reliant Mortgage LLC
970 Baxter Blvd.
Suite 201
Portland, Maine 04103
Phone: 207-553-7516
Cell: 207-730-6483
Fax: 207-321-5399
www.reliantloan.com/jeffreycochrane
jeff@firstinmaine.com
NMLS # 367717
Looking for those really tasteful and unique gifts for friends and family? Come to The Portland Company Complex at 58 Fore Street today December 18th and check out the great selection from over fifty of the finest indie artists and craftspeople. 
Clothing, food items, holiday decorations and much more! Free parking next door at Hamilton Marina.
WASHINGTON — Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives.
Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to $729,750 in the most expensive regions of the U.S. for the next two years. The ceiling had been raised to that level during the financial crisis, but by law it dipped down to $625,500 on Oct. 1.
However, in a bow to conservatives, the bargainers would not increase the current $625,500 limit on mortgages that can be backed in expensive communities by Fannie Mae and Freddie Mac, the government-controlled mortgage giants, and by the Veterans Affairs Department.
Realtors and home builders had lobbied hard to raise the loan limits for all four entities, arguing that the last thing the country's stubbornly weak housing market needs is stricter limits on government-backed mortgages. They were backed by members of Congress of both parties from areas where housing costs are high, like Southern California and New York.
"We'd have liked broader language, but the FHA is still an important part of the puzzle," Jamie Gregory, a lobbyist with the National Association of Realtors, said Tuesday.
Conservatives and a majority of House Republicans oppose the increase, saying the government should reduce its involvement in subsidizing housing in hopes that the private market would step up.
The size of loans that federal agencies can back is based on a formula that includes a region's median housing cost. More than a fifth of the country's roughly 3,100 counties would be affected by the higher FHA loan limits.
FHA insurance is often used by buyers who put down small down payments. The agency has insured more than 40 million homes since it was established in 1934.
"FHA is important for first-time home buyers, so that will help support housing demand," said Robert Dietz, an economist for the National Association of Home Builders.
Liz Monaghan CMC, CMPS
Mortgage Banker
Monaghan Mortgage
154 York St.
Portland, Me. 04101
o-207-761-0100 f-207-761-0107
c-207-831-1121
lizloans@rmsmortgage.com
NMLS # 204682
Maine License SLB11437
www.MonaghanMortgage.com
Portland Maine has lots to offer with its superb location on Casco Bay, the vibrant arts community, colorful Old Port area with many shops and outstanding restaurants. We also have many distinct neighborhoods with many fine examples of Victorian architecture. Combine that with our relative safety, walkability, and environmentalism and you have a great place to live.
Portland often makes "best of" lists and has done so again from This Old House magazine. The Deering Center neighborhood has been noted as one of the Best Old House Neighborhoods in the Northeast. Homes in good to excellent condition sell in the $200,000 to $500,000 range. You can find homes that have many of the original features including, fireplaces, built-ins, fine moldings, turrets, etc.
Read more about the neighborhood: http://www.thisoldhouse.com/toh/photos/0,,20466773_20916750,00.html.
Call for more information about available homes.
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Looking for an experienced real estate professional who knows the Greater Portland and Southern Maine Real Estate market and can get the results you desire? Accredited Home-Staging Specialist
Portland Maine topped Forbes Magazine's Most Liveable Cities for 2009.
Need more reasons to relocate here?
From the Convention and Visitors Bureau of Greater Portland's website:
"Top Reasons To Choose Portland
Check out their website for more information: http://www.visitportland.com
Home staging is the act of preparing a private residence prior to going up for sale in the real estate marketplace. The goal of staging is to sell a home quickly, and for the most money possible by attracting the most amount of potential buyers. Staging focuses on improving a property to make it appeal to the largest amount of buyers by transforming it into a welcoming, appealing, and attractive product for sale. Staging often raises the value of a property by way of reducing the home's flaws, depersonalizing, de-cluttering, cleaning, improving condition items, and landscaping. For vacant homes, rental furniture can be used to create a living space the buyer could "see" themselves in. Properly executed staging leads the eye to attractive features while minimizing flaws.
I offer a complimentary staging consultation with every listing.
I can also offer energy saving tips for buyers and sellers.
Thanks from clients
"Working with Nancy took a lot of the anxiety out of buying my first place. She knows all of Portland's nooks and crannies, the character of each neighborhood, and the ins and outs of the ever changing real estate landscape. Once we were under contract, she calmed nerves, expedited paperwork and asked all the right questions. I couldn't have asked for a better buying experience!"
-Holly
"Buying a home for the first time is supposed to be stressful and overwhelming, but we didn't feel that way working with Nancy. Every weekend we looked forward to having an adventure together. She was patient and relaxed - never pushy. When we finally found the place that was exactly what we were looking for, she led us step by step through the purchase process, working closely with our banker to make things clear and easy for us."--Emily and Christian
"Nancy was calm, accessible, thorough, knowledgeable and fun. We sold our place within a week and worked through closing without a hitch. She made every step of the process clear and easy. I walked into my closing feeling confident and happy. I recommend her without reservation and will continue to rely on her in all my future real estate dealings."---Mary"Nancy was calm, accessible, thorough, knowledgeable and fun. We sold our place within a week and worked through closing without a hitch. She made every step of the process clear and easy. I walked into my closing feeling confident and happy. I recommend her without reservation and will continue to rely on her in all my future real estate dealings."---Mary
"I knew Nancy would be professional with a special personal touch. She was very patient and very prompt to reply to my phone calls and emails. When it came to making offers on a house, she was very thorough, crossing every "t" and dotting every "i". I had a great team - realtor, lender, title company, etc. and with Nancy's expertise, she kept me informed through the process and helped to keep the "team" working together. The "closing" was a breeze! I would highly recommend her to anyone. I hope I never have to sell and move again, but if I ever have to, you can be sure I will call Nancy!"--Kim
"I cannot speak highly enough of Ms. Nancy Timberlake. From the start she was the ultimate professional - full of interest, energy and commitment to sell my home for me. She was always available and usually contacted me before I could even think of the next question to ask! Nancy used a very smart strategy and essentially sold my house at our first and only Open House. I even had multiple buyers - in this economy - amazing! She made what is typically a very stressful endeavor an easy and worry-free experience. I couldn't have asked for a more caring, thoughtful and experienced agent. I am looking for a new house and will absolutely use Nancy again!"---Susan
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