Todd is in our office regularly, as well as is available to chat by phone or meet with you about how he can best serve you. Be sure to let him know I suggested you talk with him before committing yourself to a loan. I am happy to share his latest newsletter:

~~Happy 2015!!

I could not think of a better way to start off 2015 except by sharing these pieces of great news.

The first bit of news you might have heard, rates are low! Typically low rates mean low home sales because low rates are brought on by a less than stellar economy. However, rates are low due to geopolitical issues and not negative US economic issues. This is great because we are going to have more homebuyers this year than last year, and these homebuyers can cash in on some super low rates.

The second piece of news might have gotten to you already (darn social media!)… FHA is lowering its monthly mortgage insurance. This is great because FHA is a solid mortgage option for many. Lenders have greater success getting buyers with higher debt to income ratios approved using FHA financing versus Conventional or USDA. FHA also does not impose higher interest rates for those with average credit. (Conventional financing has loan level pricing adjustments where someone with a 700 credit score gets a higher rate than someone with a 760). Lower monthly mortgage insurance makes the mortgage more affordable and more attractive to the homebuyer...

Please let me know how I can be of service to you and your clients.

Talk to you soon! 
Todd Richards | Loan Officer | NMLS #100086 |
 2699 Lee Rd. Suite 480 Winter Park, FL 32789   407.645.6312 OFFICE   407.628.2609 FAX   407.680.5717 MOBILE

Waterstone Mortgage Corporation (NMLS #186434) is a wholly owned subsidiary of WaterStone Bank SSB (NASDAQ: WSBF).