September 28, 2009 Frisco Mortgage Newsletter

Service First Frisco Mortgage Planner's Newsletter
SFMC Advocate's Cognition Circular
September 2009

As Your Mortgage Consultants for Life at Service First Mortgage,
we have teamed with, on purpose intent, alliances that help us provide the fullest of services for you. For example, have you seen an interesting home and wondered about the price?No need to wonder , and no need to call a high-pressure sales agent who will just make you feel obligated. The agents we align with are not the high pressure variety and our relationships with them make it possible for us to get the information on that home for you, for free and with no-obligation. Then, if you want to see the home, we can refer you to one of our Realtor friends that we know have a track record of happy clients.

Don't keep us a secret! (:

Sincerely,

Brad Lynch &
Michael GreinerService First MortgageBrad Lynch 469-450-2723 bl@fmillc.com
Michael Greiner 972-261-1055 mg@fmillc.com

How To Escape From The "Always More" Mind
You may know someone who skitters from one task to another, never enjoying an accomplishment before moving on to the next thing to be accomplished or mastered. And what does get done is never enough. In The Heroine's Journey by Maureen Murdock, this is called "The myth of never being enough." When you're stuck in this mindset, you're never satisfied with what you do, because something deep inside yourself tells you, "It's not enough." You're always thinking ahead. You agree that what you're engaged in currently is not enough. If you're gardening, you feel you should be working on your report, and if you're working on your report, you feel you should be gardening. Murdock recommends this exercise for overcoming this tyrannical way of thinking. Take a piece of paper and divide it into three columns. In the first column write, "I planted daisies." In the second column write, "I am satisfied." In the third column write, "And that's enough!" Though it's a simple exercise, Murdock says that if you practice it whenever you catch yourself being a self-critical, unsatisfied tyrant, that feeling of "not enough" will gradually disappear from your mind.

Write It/$ave it!!
Are you spending more money than you need to? It's a nagging worry, especially these days. Fortunately, you don't need an advanced degree in finance and accounting to analyze your spending. Try this: Keep track of your spending for one week. Just one week - longer, and you'll probably get too busy. But you can hold onto your receipts and add them up for seven days. At the end of the week, separate and categorize your expenses (use a spreadsheet if that helps you visualize better). You'll see what you're spending your money on, and chances are you'll find at least a few areas where you can cut back.

Bonus Block!!!!

If you're a logophile - a lover of words - you might find yourself cringing as you read these words! · Police were called to a day-care center where a three-year-old was resisting a rest.· When fish are in schools they sometimes take debate.· The short fortune teller who escaped from prison was a small medium at large.· The dead batteries were given out free of charge.· A dentist and a manicurist fought tooth and nail.· A calendar's days are numbered.· With her marriage she got a new name and a dress.· If you take a laptop computer for a run, you could jog your memory.· When she saw her first strands of gray hair, she thought she'd dye.· Acupuncture: a jab well done.

About Service First Mortgage
At Service First Mortgage, we work "By Referral Only". This makes it possible for us to spend 100% of our time with our current loyal clients for life, rather than chasing down our next "deal". If you or someone you know needs a mortgage consultant they can trust, please give us a call or email us.
"Don't Keep Us a Secret"!
Service First MortgageBrad Lynch 469-450-2723 bl@fmillc.com
Michael Greiner 972-261-1055 mg@fmillc.com

Halloween Riddles

Q: How do you mend a broken jack-o-lantern?
A: With a pumpkin patch.

Q: What did one ghost say to another ghost?
A: “Do you believe in people?”

Q: Why don’t mummies take vacations?
A: They’re afraid they’ll relax and unwind.

Q: Why didn’t the skeleton dance at the party?
A: He had no body to dance with.

Biweekly Mortgage NewsLetter

If you are interested in receiving this Biweekly Newsletter every other Monday, please email me at brad.lynch@servicefirstmtg.com and I'll be sure you get them.

SFMC Advocate's Cognition Circular
September 2009
Dear Brad,
As Your Mortgage Consultants for Life at Service First Mortgage, Brad Lynch & Michael Greiner are always interested in your feedback or thoughts. Therefore, please email or call us with things you think we are not including but would like for us to include in our biweekly newsletter.
Brad - bl@fmillc.com
Michael - mg@fmillc.comWe look forward to hearing from you as always!

Sincerely,

Brad Lynch &
Michael GreinerService First MortgageBrad Lynch 469-450-2723 bl@fmillc.com
Michael Greiner 972-261-1055 mg@fmillc.com

Shattering Windows Myths
Since we are seeing so much rain lately.
- Thank ABC 7 News for this cool picture!
There are a number of outdated beliefs about storms and window safety that the Institute for Business & Home Safety (IBHS) would like to set straight. For instance, "Open the windows during a storm to relieve the pressure that could build up and cause more damage." If you've never heard this advice before, don't pay any attention to it now. If you or someone you know believes it, read on for the IBHS's expert recommendations:
1. Do NOT open windows during a storm. This doesn't relieve pressure - it just lets damaging wind and rain into your home.
2. Tape does NOT protect your windows from flying debris. It might keep more of the glass together when impacted, but will not keep it in place.
3. Window film does NOT provide much protection from the impact of debris. It does, however, hold glass shards together when the window breaks. Also, some thicker "structural" film has passed the "small missile" test, which applies to things like gravel and similarly sized objects.

Stressed Out? Take These Steps Our work lives are often filled with what can seem like unbearable amounts of stress. And while some of those stresses are unavoidable, there's a lot you can do to start to whittle those high levels of stress down to something that feels at least manageable. Here are a few suggestions: Know when to say "No." That means you have to first understand your own limits. Then set limits on others so they don't encroach on your time by pressuring you to take on tasks or responsibilities that will throw you out of balance. If possible, avoid people who consistently stress you out. If your boss is the culprit, you might not be able to do this. And you can't steer clear of everyone who inadvertently or occasionally causes you anxiety. But you can avoid people who have a history of leaving you feeling stressed after you've tried to change the situation and they haven't responded. Don't expose yourself to unnecessary environmental stressors. For instance, if you read the news on the Internet during your break, but it leaves you feeling tense, stop reading the news on your break. Do something that relaxes you instead: Go for a short walk, knit, meditate, work a puzzle. Learn to manage your time. Letting projects go until the deadline is upon you will undoubtedly cause you stress. Work at a steady pace - and don't procrastinate. Procrastination can affect the quality of your work and leave you feeling anxious and strained for prolonged periods.
About Service First Mortgage
At Service First Mortgage, we work "By Referral Only". This makes it possible for us to spend 100% of our time with our current loyal clients for life, rather than chasing down our next "deal". If you or someone you know needs a mortgage consultant they can trust, please give us a call or email us.
"Don't Keep Us a Secret"!
Service First MortgageBrad Lynch 469-450-2723 bl@fmillc.com
Michael Greiner 972-261-1055 mg@fmillc.com

In This Issue
Shattering Windows Myth
Stressed Out? Take These Steps
Quotes
Mortgage Consultant for Life Featured Article...From Recession to Recovery
Today's Rates
30yr fixed 4.875%
15yr fixed 4.375%
FHA 30yr 4.875%
VA 30yr 4.875%

Rates above do very depending on loan size, and purchase of "points".
Quotes

The best time to plant a tree was 20 years ago. The second best time is now.- Chinese Proverb My dad always used to say, "If you're falling off a cliff, you may as well try to fly. You have nothing to lose."- Captain John Sheridan Everyone driving slower than you is an idiot. Everyone driving faster than you is a maniac.- George Carlin
Mortgage Blog For Life
Mortgage Calculator
Brad'sTestimonials

Join Our Mailing List
Quiz Question:
To be answered in next Newsletter edition:

The terms ruck, lineout, and maul pertain to what sport?
Previous quiz answer was:
Question: What is the team of Moses Horwitz,
Louis Feinberg, and Jerome Horwitz more popularly known as?Answer: The Three Stooges.Source: www.threestooges.com
From Recession to Recovery. What's in Stake?
As we move into a recovery from recession, we don't necessarily go from a constant increase from month to month of unemployment numbers to back to average. First we see a decline in the increase...and we have. Ted Jones, Chief Economist of Stewart Title North Texas, says that every recovery in our nations history from recession was sparked by an increase in the real estate market, and we recently saw that in reports.
The Federal Reserve Chairman, Ben Bernanke said that the Central Bank plans to keep rates low. Ben's focus to keep rates low will hopefullly minimize inflation and typical mortgage rate hikes that forecasts have suggested for the coming year...although some guru's of the money world still believe we will see rates at least in the 7% range by this time next year. You can't afford the same house today if you buy in a year at 7%....that's a huge monthly difference.

Mortgage Rates as the Economy Recovers

Moving.com continues to do an excellent job of telling the public about the daily progress of our economy and how it relates to mortgage rates...just in case the layman wanted to keep an eye on the economy in publicity that can be read and understood by anyone.
Today, bonds started out in negative fashion as the morning report in retail level sales came out not just good, but better than research would have expected. That is a good sign of recovery in our economic times...as I always say, "what's good for our economy, many times is not good for low mortgage rates". In the end for today in comparison to yesterday, rates came out a tad higher...by .125% in discount point (for the layman. That "ain't" much).

This retail level establishments report is announced by The Commerce Department. This is an important report, in case you wanted to take mental note for long term memory, as apposed to trying to add the huge number of reports that we see from day to day in the Stock Market that don't necessarily have a huge influence like this one. The retail level establishments report is important as it makes up two thirds of the U.S. economy.

Furthermore, this blog is piggy backing the recent blog post I made in the Frisco Economic Forecast a couple weeks back, in regards specifically to what rates may do in the coming 6-8 months...if you haven't read it, go read it. Remember, sitting here today with the 30 year fixed FHA and Conventional rates at 4.875%, a 7% to 7.875% rate on that price range you are holding off on today will bring a monthly payment well more than $100 a month higher at the expected higher rates than the ones today. That means you will probably settle for a lesser house in 6-8 months than you would now.

Super Low Rates Again, Frisco! Employment-Bad, Earnings-Good

We have seen consecutive days all week long of a better mortgage rate market. Rates are now at rock bottom again, and I think maybe for the last time before we see the recovery of our economy begin to ramp up. Ted Jones, the Chief Economist of Stewart Title North Texas, believes that the recovery will also bring higher rates. This means that because signs show that we are closer now than ever in the recent years to a recovery, we are also closer to interest rates going up...unless Bernanke has something super up his sleeve.

The unemployment report by the Labor Department reported that we still saw 216,000 jobs lost last month, so we are still seeing a large number of people losing jobs, but we saw less job losses than The Labor Department expected...so that is better than we hoped, therefore moving in the right direction.

Earnings on the other hand are doing better. There was a .3% increase in earnings...meaning the people in America are losing jobs, but the ones keeping there jobs are seeing an overall increase in their pay.

Take note on this thought. As we start the recovery in America, and interest rates for mortgages start going up, we'll have a larger qualifying number of possible home buyers, but since rates will be higher, the monthly costs for the homes will be higher. My point: The principle and interest payment for a $200,000 loan today at 4.875% is $1,058.97. Rates are expected to go as high as 7.5% in the next two years. These means that same home with the $200,000 loan at 7.5% would have a payment of $1,398.76...$339.79 more a month. So the home that you want and can afford today, may not be the home you can afford to buy in two years.

If you are looking to move in the next couple years, it may be time to buy now before you can't afford it in the years to come. If you would like a better explanation of how waiting may price you out of the market, go to Ted's Blog and read what he says.

Frisco Mortgage Newsletter September 2009 E1

Service First Mortgage Newsletter
September 2009

Your Mortgage Consultants for Life at Service First Mortgage, Brad Lynch and Michael Greiner, want to welcome you to our first newsletter. You can expect one every other week.
SO, WELCOME!

Our goal is to deliver you quality information regarding our industry, industry news, and mortgage rate updates. As usual, and by choice, we have been performing our services under the pressure of a REFERRAL ONLY business. We decided that a biweekly newsletter by email would be another great way for our past clients and other advocates to share us with their friends, family, and coworkers so that our list of clients for life can continue to grow for years to come.Short and brief will be our focus as we send these out. This way, you can quickly and easily scan through titles and subtitles to see if each edition involves a subject that you might be interested in.

Sincerely,

Brad Lynch and Michael GreinerService First MortgageBrad Lynch 469-450-2723 bl@fmillc.com
Michael Greiner 972-261-1055 mg@fmillc.com

Make Your Home Safer
Top 5 Home Hazards:
Our homes are supposed to be our safe havens - and most of the time they are. But every year, more than 33 million people are injured by consumer products in their "safe havens." Here are the "Top Five Hidden Home Hazards," according to the U.S. Consumer Product Safety Commission (CPSC):

1. Magnets. As the number of children's products containing magnets has increased, so have injuries. When these tiny magnets fall out of toys, children are tempted to swallow them. Though a single magnet may not cause a tragedy, two or more magnets (or a magnet and any other metal item) are cause for alarm. They can attract to one another through the intestinal wall and pinch or twist the intestines - causing holes, blockages, infections, even death.
   
2. Recalled products. The CPSC can get recalled items off retailers' shelves, but once a product is inside your home, you have to be on the lookout. Pay attention to the recall announcements and check for those items in your home.
   
3. Tip-overs. It can be fatal for a child to pull over a large item like a television or a bookcase. Make sure such items are stable in their positions, and monitor children who go near them.
4. Windows and coverings. Curtain and blind cords are a choking hazard and should always be kept out of the reach of children. Don't rely on window screens to prevent children from falling out. Screens are designed to keep bugs out, not kids in.
5. Pool and spa drains. Pool drain suction can be strong enough to hold an adult under water. However, most incidents involve children. Missing or broken drain covers are often the reason for these accidents. For pool owners: Install a safety vacuum release system that detects drain blockage and alters the pool pump or water circulation to prevent an accident. For parents and guardians: Check the drains, or at least determine where they are, before allowing children to use the pool.
   

How To Train Your Brain
If you want to keep your brain fit, it isn't enough just to read a master tome like Ulysses. Researchers believe that the most effective way to keep your brain in top shape is to do activities that pull you out of routines and expose your senses to new things. Here are simple three brain exercises: Brush your teeth with the other hand. If you're right-handed, brush your teeth with your left. It may take a little more time, but it pulls your brain out of its normal routine and forces it to use the other side of its circuits. Place clocks and pictures upside down for a day. This forces you to reorient and reinterpret familiar objects, which makes the brain use spatial networks it hasn't used in a long time. Close your eyes. As you make your way around the house, close your eyes and force your brain to exercise the connections between your sense of touch and spatial memory.

About Service First Mortgage
At Service First Mortgage, we work "By Referral Only". This makes it possible for us to spend 100% of our time with our current loyal clients for life, rather than chasing down our next "deal". If you or someone you know needs a mortgage consultant they can trust, please give us a call or email us.
"Don't Keep Us a Secret"!
Service First MortgageBrad Lynch 469-450-2723 bl@fmillc.com
Michael Greiner 972-261-1055 mg@fmillc.com

Quotes
A successful person is one who can lay a firm foundation with the bricks that others throw at him or her. - David Brinkley

They say that time changes things, but you actually have to change them yourself.- Andy Warhol

You grow up the day you have your first real laugh - at yourself.- Ethel Barrymore

Mortgage Calculator
Brad'sTestimonials

Join Our Mailing List

Quiz Question:
To be answered in next Newsletter edition:

What is the team of Moses Horwitz, Louis Feinberg, and Jerome Horwitz more popularly known as?