Marty provided exhaustive and conclusive refinance analysis-Loan closing 9/30/11

From the first day that we called you for help with our loan refinance, we knew that Alan Whitman (who referred us to you) was right on the mark when he told me that you were the "go to guy" for help with loan analysis. You gave us exhaustive, conclusive, and very helpful analysis to help us determine which loan product would be  best for us.  

We are very hard to contact and you were consistently following up with us with phone calls, e-mails and text messages every step of the way.  We can’t thank you enough for the GREAT rate and low closing costs you were able to provide for us. It was amazing!  

Here's what we would say to our friends and family of what to expect when working with you:

• Marty is SUPER friendly :)
• Attentive
• Good at explaining details
• Has great time management skills
• Kept things quickly moving and updates with status

Brian and Charlotte Duncan 
Mortgage Loan Closing 9/30/11

HARP 2.0 update: It's going to be a great program!

January 26, 2012: UPDATE on the HARP 2.0 program: 

I have learned and was able to review several key items about the HARP 2.0 program during an excellent Webinar I attended and am listing the bullet points below. 

I will continue to update my Blog and Facebook Fan page with new information as it becomes available. 

Call me at 801-540-5108 if you have any additional questions. :)

•  Present occupancy is NOT an issue.  If the home was originally owner occupied when purchased or refinanced and now it is now non-owner occupied, this is okay with HARP 2.0.  I am still waiting for individual guidelines and risk overlays will need to be reviewed before implementation.   

•  Lender Paid Mortgage Insurance on the original loan IS allowed and the loan IS eligible for HARP 2.0 financing.  It was pointed out that there could be an extra cost (which can be added into the new loan balance) from the Mortgage Insurance Company who is reissuing mortgage insurance on the new loan. 

•  If the home is presently for sale, there is NO restriction and the home can still be refinanced with the HARP 2.0 loan (FAQ #14, Fannie Mae website).  Investor Guidelines to be reviewed when received. 

•  When is the loan available? Correspondent Lenders (Primary Residential Mortgage) will receive the updated guidelines and Fannie Mae Automated Underwriting System somewhere between March 17, 2012 and the end of March.

• Who the loan needs to be placed with: New loans do NOT need to be placed with the original servicing lender. 

I look forward to helping you with your mortgage questions and needs.  :)

From the beginning of the process we felt comfortable-Closing 12/14/11

This is now the 2^nd and 3^rd loan you have helped us with and each time you and your staff have made us feel comfortable from the beginning of the process. 

As we have mentioned to you before, thank you to you and your staff for making the mortgage loan process smooth and enjoyable!

Pat and Clara Lynch

December 14, 2011 closing

I needed someone who would be persistent and patient, and you were both. Closing 12/20/11

We came to you in 1993 for help with our first home purchase and even when I lost my job in the middle of the loan process, you worked with us until we found a way to get the loan closed.  It was amazing and we have always been grateful for what you did for us.  

You have kept in touch with me over the years and when it was time to refinance, you contacted me with options.  Your help is priceless because I needed someone who would be persistent and patient and you were both.  

We will refer you to our friends and family who want mortgage help that will meet their highest expectations.  You always help us perfectly.  Thank you!

Kirt Gaisford

Loan Closing December 20, 2011

We knew what to expect and there were no surprises! Closing December 28, 2011

Marty, just a quick note to again thank you for helping us with our mortgage needs!  You were helpful and informative and as a first time home buyer, there was a lot to understand.

You not only explained, but re-explained the details of the loan and what we were to expect so that there were no surprises!  Because of your patience and communication during the loan process, we were totally confident that our loan was in good hands.  Your processing team was great to work with!

We thank you again for helping us to get into our first home and we will not hesitate to refer you to our friends and family!  :)

David and Kristin Sanders

Loan Closing December 28, 2011

VA loan limits for 2012

VA loan limits in Utah: 2010 limits in BLACK, 2011 limits in RED, 2012 limits in GREEN

Davis County $423,750 $417,000 $417,000
Morgan 423,750 417,000  $417,000
Salt Lake 652,500 516,250  $594,550
Summit 652,500 516,250  $594,550
Tooele 652,500 516,250  $594,550
Weber 423,750 417,000 $417,000

The loan process went just like clockwork! Closing on August 26, 2011

I had such a great loan experience with Marty!  He did everything so perfectly in every way!  My closing time frame was really tight and he and his staff rushed my processing and closing faster than I thought was possible.  As a first time home buyer, by friends told me horror stories, but I never experienced anything they warned me about.  The loan process went just like clockwork! 

Processing had so much patience, I know, because I called and e-mailed every day to get a status update!  lol! Thank you Kelsi! 

I made the best decision to go with Marty and Primary Residential Mortgage!  Thank you Marty!!!

Britney Breitweiser
Loan Closing August 26, 2011

Personal note from Marty:  Britney knows how to have fun!  We had a party at closing (lead by Britney of course!).  During the party (closing) she counted how many times she signed her name at closing.  In this picture-gram we are forming the numbers of the total times she signed!  Love you Britney!

"I signed my name 37 times!"

The loan process has truly been painless-Closing December 20, 2011

Marty, thanks for your help in a great experience again!!  You and Rachel at Inwest Title have been and continue to be the best!!  

The loan process has truly been painless, not arduous, and as simple as we could have imagined.  We have had confidence in the advice you have given us from the moment we met you.  Your advice and guidance has always been spot on.  Thank you for the great work you do.
Pat and Clara Lynch
Loan Closing December 14, 2011

2012 Arriving Like a Lion!

Consumer Confidence and Mortgage Rates are on the way up!

I am excited for 2012!  I read in the Ogden Standard Examiner yesterday that in a recent GfK Poll (1000 adults with a margin of error of plus or minus of 4%) that 68% of Americans believe 2012 will be a better year than 2011!

In the past, when I begin to hear news of lower unemployment numbers and lower initial unemployment claims (9 weeks in a row!) and THEN I hear a report of strong consumer expectations, we are on the road to see increased real estate activity, SOON!  

If low rates and low home prices are what you would like to take advantage of, DO IT NOW!  With stronger economic reports, increasing real estate activity, and the European financial crisis out of the headlines, we WILL see HIGHER interest rates and HIGHER home prices in 2012!

Pending Home Sales Are Surging!

Pending home sale contracts (PHSC) are NOT closed transactions, BUT it is a good leading indicator of the positive momentum we are experiencing in the real estate market.

Buyer's are Buying!

In the West, PHSC's surged to 14.9% higher than a year ago at this same time (November numbers) and led the nation.  The fact that contract failure has been unusually high, may result in 1/2 or less of these contracts actually closing, but the higher numbers across the nation has been encouraging.  I have previously blogged about the need for a full application, credit report and automated underwriting approval to accompany every submitted offer to stop this increasing problem of contract failure. 

The last time PHSC numbers reached this level was in April, 2010 when first time home buyer's were rushing to meet the expiration of the tax credit available to them if they closed before April 30, 2010.  What a mad dash it was!

With home affordability at an all time high (lower home prices, higher income levels, and historically low interest rates), coupled with with pent up demand, it is no wonder the November, 2010 PHSC number was the best in 19 months!

Marty is always watching out for me! Closing 12/23/11

Marty, thanks for always watching out for me!  Just 8 months ago we closed on our purchase and as soon as the rates went down enough to make it worth our while, you called us!

Thank you!  Even though the process is complicated you always make it simple to understand.

Stacy Marble
Closing December 23, 2011