Phil Olson NMLS 238103's Blog

Mortgage Professional with 20 years experience wants to help you!

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Thu, 02 Sep 2010 12:53:49 -0700

Are you having trouble getting a Conventional, FHA, USDA, or VA mortgage for your customer or for yourself?? Then read what my customers say about me below. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days. I still have lenders who will do loans based on common sense and we have inhouse underwriting so we can make decisions fast! So use a loan officer who has been there and done that with 20 years finance experience. I promise great results!

Dear Phil

Thank you so much for making our dreams of home ownership (a yard, garage, separate bedrooms with doors!) a reality. We truly enjoyed working with you & appreciate all the hardwork & countless hours of work on your behalf. Thank you for being easy to get ahold of anytime of the day & quick to answer questions - even if it was during your dinner hour! Again thanks for everything..

Tim, Laura, Adrien

Woodbury, Mn

Phil Olson is a home loan consultant with 20 years financial experieince. In a tight mortgage enviroment you need someone who has the resources and experience to get the job done. I'm a 1st time homebuyer expert who will cover all the bases to insure there are no surprises at the closing. Hire a mortgage consultant who really cares about his customers best interest and will be available for all your questions..

We have all mortgage programs, great rates and many down payment assistance programs.. Please visit my state of the art website at www.callphilolson.com to read many more testimonials or to APPLY NOW!

I PROMISE I WILL RETURN YOUR CALL OR EMAIL FAST!!!!!

Phil Olson
Sr. Mortgage Consultant
651-238-6748
St Paul Park, Mn
www.callphilolson.com
Serving the Mn and Wi area for over 8 years.

Equal Housing Lender

Can you believe that interest rate? 3.75% 30 year fixed in Minnesota

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Thu, 02 Sep 2010 11:54:38 -0700

Can you believe that interest rate?

If you are not familiar with this program it is available to low and middle income families based on special underwriting criteria. This could be a great tool to help buy a home. I'm a MHFA qualified loan officer and Lender so please call me. They also have a new 100% financing program for those customer that will qualify as well. If you want further information about some of these great program you can go to their website at http://www.mnhousing.gov/index.aspx or feel free to call me about this wonderful homebuyer tool. I have detailed some of the information below for you.

Minnesota Housing Mortgage Loan Programs

What do our programs have to offer first-time homebuyers?

•· Mortgage loans to purchase a home through local lenders for qualified low and moderate income first-time homebuyers in Minnesota

•· 30-year loans with affordable, low, fixed interest rates for the life of the loan

•· Interest-free loans to help with downpayment and closing costs for eligible borrowers

You may be eligible for a Minnesota Housing mortgage if you:

•· Are a first-time homebuyer, meaning you have not owned a home in the past three years,

•· Have federal income tax return copies for the last three years,

•· Have acceptable credit,

•· Have an income at or below prescribed Minnesota Housing income limits

•· For basic first-time homebuyer program for a family of four, income limits are as follows:

11-County Twin Cities Metro Area - $84,000
Rochester MSA - $77,600
Balance of State - $73,100

•· Buy a qualifying home within prescribed purchase price limits as follows:

11-County Twin Cities Metro Area - $298,125
Balance of State - $237,031

Minnesota Housing Mortgage Loan Program Eligibility

To be eligible for a Minnesota Housing First-Time Homebuyer Loan, you must meet these requirements:

•· Be a first-time homebuyer, meaning you have not owned a home in the past three years.

•· Have acceptable credit

•· Meet the requirements for income limits

•· Purchase a home under the following home cost Limits:

11-County Twin Cities Metro Area	Balance of State
$298,125	$237,031

In addition, for clients who are ready to buy and interested in 100% LTV financing, consider using the new Affordable Advantage product, now at 4.500%.

Start offering your customers safe loans with below-market interest rates today. View all program rates and find upcoming training sessions for all Minnesota Housing programs on the website.

Please note, these rates are subject to change at any time, and this eNews is not an offer to enter into an interest rate agreement. Such an agreement may only be made pursuant to Minnesota Statutes Section 47.206, Subds. 3 and 4.

Phil Olson
Sr Mortgage Planner
Equal Credit Opportunity Lender
651-238-6748
www.callphilolson.com

Why are rates different from lender to lender?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Fri, 06 Aug 2010 10:55:03 -0700

This questioned has been asked of me many times. Why are rates different from lender to lender? To answer that question we need to understand two pieces of the loan puzzle (volume & pricing).

VOLUME- Is the loan originator a one man shop or a very large corporation with many different investors? Our industry thrives on volume and a company who can originate a high loan volume will received preferred pricing. The one man shop may have 5 different lenders where as a very large mortgage shop (MIC Inc. has 450 loans officers nationally) may have 80-100 mortgage companies that they deal on a daily basis. So high loan volume equates to better rates on a daily basis that the originator can quote to the consumer.

PRICING - All loan officers use a pricing matrix or pricing engine with every mortgage investor. This mathematical formula weighs the risk of the loan based on many different factors and determines the final rate the consumer can receive on the loan. With the rate comes YSP known as Yield Spread Premium. Yield Spread Premium is a bonus paid to the loan originator or banker who charges a higher rate to the customer. In turn, the broker or banker will receive a higher commission for charging that rate. Since all loans are like a living breathing entities some require very little attention and some require a ton of attention. Meaning a loan that may consume many more hours to complete will receive a higher rate because of the amount of work required. On the other hand, some broker and bankers automatically charge the consumer 2-3 points on the back to stretch their commission further. Is this right? In my opinion NO. We as originators and bankers deserve to be fairly compensated for our time and experience. It is too bad that there are loan officers out there who do not care about the consumer! I guarantee my customers receive a great rate and I will only ask for fair compensation.

This is why the consumer should shop 2-3 mortgage / banking companies for the best loan!

I hope this short blog clears the air on why rates are different! I have been in the banking industry for 18 years now and I will guarantee a fantastic experience and a great rate if you call me for a loan. I can back that up with many testimonials from past customers. I look forward to your questions and phone calls in the future!

Phil Olson the MN and WI Mortgage Guy who cares about there clients and not just his pocket!

We have all FHA products to include the New Refi Plus Program!

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Thu, 05 Aug 2010 16:48:32 -0700

We have all FHA products to include the New Refi Plus Program! (edit/delete)

That is correct and we are still doing loans! We have every product available for our customers needs. Matter of fact - we current have 10+ FHA lenders who specialize in FHA loans, The New Refi Plus loans, Streamlines, & Secure. Yes, Down Payment Assistance has gone away, but 1st time homeowners can receive up to $10,000 from the State of MN with MHFA. We still have 100% financing available through the VA and USDA Lenders as well. To get more information please call me or email me at phil@callphilolson.com. I promise you will be treated special and receive world class service. So please call me at 651-238-6748 or visit my very informative website at www.callphilolson.com and read the many testimonials from my past customer's. Realtors welcome! No credit will be turned away! I have 20 plus years in the finance world and provide FREE Credit Repair Consultations for those that need help. There is no need to look further I'm your one stop loan officer who has the experience to get your loan done!

Phil Olson
Mortgage & Investment Consultants
20 Years of Mortgage ,Credit Repair , & Banking Experience

www.callphilolson.com
651-238-6748

Apply on line Now - www.callphilolson.com/applyNow.html

We have smoking low mortgage rates (MN & WI) Purchase and Refinance money

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Thu, 05 Aug 2010 16:38:46 -0700

Smoking Low INTEREST RATES!!!!! (edit/delete)

Here is a quick rate update.

I have MHFA at 4.25 with a possibility of 10K in down payment assistance funds for purchase money. To qualify for 4.25% income must be less than 67K yearly. A 5 year arm product currently at 3.25% fixed (APR 4.12%) for the 1st five years and after that it becomes adjustable with a 2/5 cap. For those that plan on selling their home within five years this might be a great product to refinance with. I have listed some of the standard qualifications below.

· Must have 5-20% equity in home

· Steady employment

· Debt to income ratios below 50%

· Credit Score above 700+

I would be glad to explain this product and how the adjustable period will work as well.

I also have 30 year fixed rates (Conventional) available as low at 4.25% (Apr 4.61%) or FHA at 4.25% (Apr 4.92%) with the same criteria above. If you are planning on refinancing now is the time to do it.
Added bonus, I will credit you for the appraisal cost at closing up to $400.00 for all customers who tell me about this Ad between 08/05/2010 and 10/30/2010. So please tell your friends, family, and co-workers about this special.

Have a great day and hope all is well with you and your family!

Phil Olson
Sr. Mortgage Planner

P.S Hope you like my new website! www.callphilolson.com

To apply now online go to..... www.callphilolson.com/applyNow.html

Rates are subject to change on an hourly basis and based on your overall qualifications.

BBB
Equal Housing Lender

Mortgage Officer who under promises and over delivers! Work with a true professional

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Thu, 05 Aug 2010 16:30:25 -0700

Do you need a professional loan officer who can get the job done? (edit/delete)

Do you need a professional loan officer who can get the job done?

Are you having trouble getting a Conventional, MHFA, FHA, USDA, or VA mortgage for your customer or for yourself?? Then read what my customers say about me below. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days. I still have lenders who will do loans based on common sense and we have inhouse underwriting so we can make decisions fast! So use a loan officer who has been there and done that with 20 years finance experience. I promise great results!

Dear Phil

Thank you so much for making our dreams of home ownership (a yard, garage, separate bedrooms with doors!) a reality. We truly enjoyed working with you & appreciate all the hardwork & countless hours of work on your behalf. Thank you for being easy to get ahold of anytime of the day & quick to answer questions - even if it was during your dinner hour! Again thanks for everything..

Tim, Laura, Adrien

Woodbury, Mn

Phil Olson is a home loan consultant with 20 years financial experieince. In a tight mortgage enviroment you need someone who has the resources and experieince to get the job done. I'm a 1st time homebuyer expert who will cover all the bases to insure there are no surprises at the closing. Hire a mortgage consultant who really cares about his customers best interest and will be available for all your questions..

We have all mortgage programs, great rates and many down payment assistance programs.. Please visit my state of the art website at www.callphilolson.com for more info as well.

Phil Olson
Sr. Mortgage Consultant
651-238-6748
Cottage Grove, Mn
www.callphilolson.com
Serving the Mn and Wi area for over 8 years.

BBB & Equal Housing Lender

There is still down payment assistance available up to 7k

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 18 May 2010 17:14:15 -0700

That is correct!!! MHFA Financing allows a 1st time homebuyers who qualify can receive a low rate to 3.75% on a 30 year fixed and up to $7,000 down payment assistance . This is a 100% mortgage financing program accept the buyer must only have 1k in the transaction. Wow - what a great program. You must be an Approved Lender to sponsor this program and WE ARE. Please call me at 651-238-6748 to find out all the details. To qualify there are income requirements and standard FHA requirements. So please call me to get all the details..Agents welcome to call!

Phil Olson
Your One Stop Mortgage Guy
American Mortgage and Equity Consultants
651-238-6748

BBB & Equal Housing Lender

Do you need a professional loan officer who can get the job done?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 18 May 2010 16:51:54 -0700

Do you need a professional loan officer who can get the job done?

Smoking Low INTEREST RATES!!!!!

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 18 May 2010 16:47:46 -0700

Here is a quick rate update.

I have MHFA at 3.75 with a possibility of 7K in down payment assistance funds for purchase money 1st time home buyers. To qualify for 3.75% income must be less than 67K yearly.

A 5 year arm product currently at 3.25% fixed (APR 4.11) for the 1st five years and after that it becomes adjustable with a 2/5 cap. For those that plan on selling their home within five years this might be a great product to refinance with. I have listed some of the standard qualifications below.

· Must have 3.5% - 20% equity in home

· Steady employment

· Debt to income ratios below 50%

· Credit Score above 640+

I would be glad to explain this product and how the adjustable period will work as well.

I also have 30 year fixed rates (Conventional) available as low at 4.25% (Apr 4.53%) or FHA at 4% (Apr 4.71%) with the same criteria above.
If you are planning on refinancing now is the time to do it.

Added bonus, I will credit you for the appraisal cost at closing up to $400.00 for all customers who tell me about this Ad between 05/18/2010 and 07/30/2010. So please tell your friends, family, and co-workers about this special.

Have a great day and hope all is well with you and your family!

Phil Olson
Sr. Mortgage Planner
651-238-6748
www.callphilolson.com

P.S Hope you like my new website!

Rates are subject to change on an hourly basis and based on your overall qualifications.

BBB
Equal Housing Lender

Are you happy with your loan officer and lender in MN & WI? (survey)

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 23 Mar 2010 15:21:42 -0700

Please answer these 9 simple questions and learn more!

Will your Loan Officer provide you monthly purchase lead generation? Yes ____ No ____

Will and can your Loan Officer prequalify your clients on the weekends? Yes ____ No ____

Is your Loan Officer web based and 100% mobile? Yes ____ No ____

Does your loan Officer advertise your listing on his or her website? Yes ____ No ____

Does your Loan Officer have every available program for every Yes ____ No ____

situation?

Can your Loan Officer fully qualify candidates at your office or open houses? Yes ____ No ____

Does your Loan Officer have 15+ years financial background? Yes ____ No ____

Is your Loan Officer available from 7 am to 9 pm Monday-Sunday? Yes ____ No ____

Does your Loan Officer have qualifications to provide credit repair? Yes ____ No ____

I promise you will be enlightened by my capabilities. Please call me to set up a meeting and let me come to you and show you how I can increase your sales. I'm a very experienced Mortgage Banker who can really help you and I have closed more than 100 Million dollars in transactions in just the last eight years! I challenge you to call me and give me just five minutes of your time! I guarantee you are not wasting your time. I look forward to our conversation in the near future and happy buyer hunting!

Sincerely,

Phil Olson

Sr. Mortgage Planner

Mortgage and Investment Consultants Inc.

St Paul Park, Mn 55071

E- polson@minnmortgage.com

C-651-238-6748

W-651-203-6432

F-651-203-6431

WWW. CallPhilOlson.COM Please check out my interactive website and read the many positive testimonials from my happy clients.

Top Loan Officer looking to partner with more WI & MN Realtors

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 23 Mar 2010 09:33:08 -0700

Recipient of the Loan Officer of the Year from 2004-2009. Let's join my state of the art technology, loan experience, and great customer service with you outstanding sales experience to form a winning team! In this housing market you must think outside the box and review what is and what isn't working. If you are not satisified with your loan officer options or your financing piece for your customer's it is time to make a change. I have highlighted my capabilities below and I'm licensed in the following States (MN, WI). Please visit my website at http://www.callphilolson.com/ to read many positive testimonials. I would also be glad to provide a list of realtors who use my services!

•ü All FHA & VA products for 1^st time homebuyers.

•ü All VA & USDA product lines.

•ü FHA refinance programs for Rate / Term & Cash out to 95%.

•ü State and county money for down payment assistance.

•ü All 15- to 40-year fixed rate mortgage products.

•ü All Fannie Mae and Freddie Mac programs.

•ü All Investment property acquisition programs.

•ü Rehab and Construction loan programs.

•ü Small business loans up to 300K with no collateral requirements.

•ü My own state of the art web sites at http://activerain.com/action/blogs_admin/www.refinanceminn.com%20 provide my customers with up-to-date mortgage & consumer information.

Rate Alert service provided to all my customers.

•ü New & Hot MLS listings advertised on my website by realtors in the community.

•ü 100% mobile capabilities with our web based program. I look forward to meeting with my customers in the confines of their homes or the coffee shop with my laptop and printer.

Phil Olson

Sr. Mortgage Planner

Mortgage and Investment Consultants Inc.

1058 Hastings Ave

St Paul Park, MN 55071

Polson@minnmortgage.com

http://www.callphilolson.com/

Wk: (651) 203-6432 Members

Cell: (651) 238-6748 BBB

Fax: (651) 203-6431

If you request no further emails please reply and request name to be removed

Home Buyer / Refinance Closing Guarantee
Money-Back Guarantees from Phil Olson with Mortgage & Investment Consulting Inc. We guarantee our closing costs or you get money back!

Closing Costs Guarantee

Should your actual closing costs be OVER the amount quoted in the Good Faith Estimate, I will credit you the difference. This does not include Per Diem, Tax and Insurance Escrows, and defects on Title.

Choose a lender that ensures the smoothest process possible, from application to closing. We are your best choice for home financing options!

Ask me about my Closing Guarantee!

This does not guarantee the amount of any fee charged by the real estate broker or the amount of prepaid expenses such as taxes, insurance, interim interest, hazard insurance or mortgage insurance, or any association fees or reserves collected, or any charges optional to the borrower. The guarantee does include lines 800 through 813 and lines 1100 through 1306 on the HUD 1 Settlement Statement.

Request for payment under this guarantee is required within 90 days of the final closing date.

This guarantee is not assignable or transferable and is not valid with any other closing guarantee offer.

Mortgage & Investment Consulting Inc. employees and their immediate family members are not eligible.

FHA Mortgage Pro -- Go with a loan officer with 18 years financial experience!

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 23 Mar 2010 09:26:20 -0700

>>>>>>>>> FHA Mortgage Lender and More! (100% Financing is still available)

LOW LOW rates, and I provide a large variety of programs including 100% Purchase loans for VA and USDA, 97% Rate and term refinances, ALL FHA products, VA, USDA, FHASecure, FHA Streamline, FHA Mini Construction Loans, Super Jumbos, and all Conventional programs. Go with a mortgage officer who has 18 yr finance experience who will tell you the honest truth about each loan program and will look out for your short and long-term goals. Please visit my website at www.callphilolson.com to read many testimonials on how I represent my clients.

Phil Olson

Sr. Mortgage Planner

Mortgage & Investment Consultants

8619 W Pointe Douglas Rd. #220

Cottage Grove, Mn 55016

Office - 651-203-6432

Cell - 651-238-6748

Fax - 651-203-6431

------------------------------------------------------------------------

Visit my Website 24/7 to:

Search 1000's of Homes!

Find Your Home's Value!

Free Mortgage Insider Reports!

Loads of Loan Options!

Find Recommended Professionals

Get a Quick Quote in Just 5 Seconds... all this and TONS MORE @

Your True One-Stop Mortgage Solution Guy!

Do you want the best mortgage rates AVAILABLE?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 23 Mar 2010 08:20:55 -0700

Does your broker or banker have their pulse on the market when it comes to mortgage rates or are they just guessing? You the consumer deserve better! I use Rate Alertsoftware to help my clients predict when to Lock, Float, or what lenders can get the best rate for my client. This tool also keeps me updated on all the latest Wall Street reports and how this will influence MBS (Mortgage Backed Securities). Not only do I get great rates for my clients, but I'm able to keep my clients informed so they can make informed decisions. With rates as low as they are you deserve the best so go with Phil Olson at Mortgage and Investment Consultants who is licensed in MN & WI. Over 20 year Banking experience & Veteran of the US Army for 8 years. Go with someone who will give their borrowers great service, great rates, fair closing costs, and fantastic service. Call me now and get the service you deserve. Mention this advertisement and receive a $400 credit towards your appraisal on all loans greater than 80k!

All FHA, Conventional, USDA, & VA Products
1st Time Homebuyer Expert
Home Equity Loans
Investment Properties
Small Commercial
Credit Counseling (Free)
40 plus lender pool to work with (Most major lenders in the USA)
All Government backed programs
Work with over 20 plus Real Estate Agents in MN
Members of the BBB & a Equal Housing Lender
Go to www.callphilolson.com to read many testimonials about my service.

Phil Olson
Sr. Mortgage Planner
Mortgage & Investment Consultants
Licensed in MN & WI
www.callphilolson.com
polson@minnmortgage.com

651-238-6748

Best Mortgage Rates

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Wed, 17 Feb 2010 12:06:17 -0800

Do you want the best mortgage rates AVAILABLE? (edit/delete)

Location: MN
it's NOT ok to contact this poster with services or other commercial interests

Do you need a professional loan officer who can get the job done?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Wed, 17 Feb 2010 12:03:52 -0800

Do you need a professional loan officer who can get the job done?

Are you having trouble getting a Conventional, FHA, USDA, or VA mortgage for your customer or for yourself?? Then read what my customers say about me below. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days. I still have lenders who will do loans based on common sense and we have inhouse underwriting so we can make decisions fast! So use a loan officer who has been there and done that with 20 years finance experience. I promise great results!

Dear Phil

Thank you so much for making our dreams of home ownership (a yard, garage, separate bedrooms with doors!) a reality. We truly enjoyed working with you & appreciate all the hardwork & countless hours of work on your behalf. Thank you for being easy to get ahold of anytime of the day & quick to answer questions - even if it was during your dinner hour! Again thanks for everything..

Tim, Laura, Adrien

Woodbury, Mn

Phil Olson is a home loan consultant with 20 years financial experieince. In a tight mortgage enviroment you need someone who has the resources and experieince to get the job done. I'm a 1st time homebuyer expert who will cover all the bases to insure there are no surprises at the closing. Hire a mortgage consultant who really cares about his customers best interest and will be available for all your questions..

We have all mortgage programs, great rates and many down payment assistance programs.. Please visit my state of the art website at www.callphilolson.com for more info as well.

Phil Olson
Sr. Mortgage Consultant
651-238-6748
Cottage Grove, Mn
www.callphilolson.com
Serving the Mn and Wi area for over 8 years.

BBB & Equal Housing Lender

Do you need a professional loan officer who can get the job done?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 19 Jan 2010 10:01:55 -0800

Are you having trouble getting a Conventional, FHA, USDA, or VA mortgage for your customer or for yourself?? Then read what my customers say about me below. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days. I still have lenders who will do loans based on common sense and we have inhouse underwriting so we can make decisions fast! So use a loan officer who has been there and done that with 20 years finance experience. I promise great results!

Dear Phil

Thank you so much for making our dreams of home ownership (a yard, garage, separate bedrooms with doors!) a reality. We truly enjoyed working with you & appreciate all the hardwork & countless hours of work on your behalf. Thank you for being easy to get ahold of anytime of the day & quick to answer questions - even if it was during your dinner hour! Again thanks for everything..

Tim, Laura, Adrien

Woodbury, Mn

Phil Olson is a home loan consultant with 20 years financial experieince. In a tight mortgage enviroment you need someone who has the resources and experieince to get the job done. I'm a 1st time homebuyer expert who will cover all the bases to insure there are no surprises at the closing. Hire a mortgage consultant who really cares about his customers best interest and will be available for all your questions..

We have all mortgage programs, great rates and many down payment assistance programs.. Please visit my state of the art website at www.callphilolson.com for more info as well.

Phil Olson
Sr. Mortgage Consultant
651-238-6748
Cottage Grove, Mn
www.callphilolson.com
Serving the Mn and Wi area for over 8 years.

BBB & Equal Housing Lender

Do you want the best mortgage rates AVAILABLE?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 19 Jan 2010 09:57:50 -0800

Location: MN
it's NOT ok to contact this poster with services or other commercial interests

Do you want the best mortgage rates AVAILABLE?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Fri, 08 Jan 2010 08:55:10 -0800

Does your broker or banker have their pulse on the market when it comes to mortgage rates or are they just guessing? You the consumer deserve better! I use Rate Alertsoftware to help my clients predict when to Lock, Float, or what lenders can get the best rate for my client. This tool also keeps me updated on all the latest Wall Street reports and how this will influence MBS (Mortgage Backed Securities). Not only do I get great rates for my clients, but I'm able to keep my clients informed so they can make informed decisions. With rates as low as they are you deserve the best so go with Phil Olson at Mortgage and Investment Consultants who is licensed in MN & WI. Over 20 year Banking experience & Veteran of the US Army for 8 years. Go with someone who will give their borrowers great service, great rates, fair closing costs, and fantastic service. Call me now and get the service you deserve. Mention this advertisement and receive a $400 credit towards your appraisal on all loans greater than 80k!

All FHA, Conventional, USDA, & VA Products
1st Time Homebuyer Expert
Home Equity Loans
Investment Properties
Small Commercial
Credit Counseling (Free)
40 plus lender pool to work with (Most major lenders in the USA)
All Government backed programs
Work with over 20 plus Real Estate Agents in MN
Members of the BBB & a Equal Housing Lender
Go to www.callphilolson.com to read many testimonials about my service.

Phil Olson
Sr. Mortgage Planner
Mortgage & Investment Consultants
Licensed in MN & WI
www.callphilolson.com
polson@minnmortgage.com

651-238-6748

Details on the 2009 / 2010 Homebuyer Credit

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Wed, 02 Dec 2009 09:55:31 -0800

I know this homebuyer credit is somewhat confusing so here are all the details below. I look forward to helping many 1st-time homebuyers and buyers with their mortgage needs in Minnesota and Wisconsin in 2010. Your one stop Mortgage Guy who has been in business for almost 8 years!

How to Qualify for the $8,000 First-Time Homebuyer Credit Extended into 2010

Homebuyer credit extended, enhanced through April 30, 2010

The popular homebuyer credit got a big boost thanks to the Worker, Homeownership, and Business Assistance Act of 2009, signed into law on November 6, 2009. The new law extends and expands earlier laws:

First-time homebuyers get more time to qualify for a federal tax credit of up to $8,000. The deadline for buying a home has been extended beyond November 30, 2009. Buyers must purchase or enter into a binding contract to buy a home on or before April 30, 2010 and close on the home by June 30, 2010.
Starting on November 7, 2009, the law includes a new credit of up to $6,500 for homebuyers who have owned a home for a period of five consecutive years in the past eight years.
Also beginning on November 7, 2009, the income requirement ceiling is lifted allowing more middle and upper middle-class buyers to qualify for a either kind of credit.

While many of the rules are the same for the $8,000 first-time homebuyer credit and the $6,500 homebuyer credit, there are important differences.

To learn more the new credit, read the New $6,500 Homebuyer Credit for Current Homeowners.

Important information about claiming the credit

Buyers who make their purchases in 2009 can amend their 2008 returns to claim the credit, or they can wait to claim it when they file their 2009 taxes.

Those who buy in 2010 can choose to claim the credit on either their 2009 or their 2010 returns.

Taxpayers who make their purchases after Nov. 6 must use a new version of IRS Form 5405, First-Time Homebuyer Credit, to claim their credit. The form should be available for TurboTax users soon. We will update this article when the new form is ready.

Also, taxpayers claiming the credit on their 2009 returns (rather than on their amended 2008 returns), must use the new version no matter when the house was purchased.

However, a taxpayer who purchased a home on or before Nov. 6 and chooses to claim the credit on an original or amended 2008 return may continue to use the current version of Form 5405 available in 2008 versions of TurboTax. For more information, see First-Time Homebuyer Credit: How to Amend 2008 Return for 2009 Purchase.

Taxpayers who claim the credit on their 2009 tax returns should NOT e-file them. They must file a paper return instead and the settlement sheets showing that the home sale closed must be attached.

How the first-time homebuyer credit works

The credit is equal to 10 percent of the home purchase price, up to a limit of $8,000.

If you qualify for the credit, either your refund will be increased or your taxes reduced by as much as $8,000.

You can keep the credit, as long as you own the home for at least three years.

The credit is not available if you buy your home from a close relative, such as your spouse, parents, grandparent, child or grandchild -- or a close relative of your spouse.

Who is considered a "first-time" homebuyer?

You are, if you've never owned a home as your principal residence.

However, you could qualify even if you've owned a home before, just not as your principal residence during the three years prior to the purchase.

Your principal residence is where you live for most of the year.

Important: Married couples cannot qualify for the credit unless both spouses meet the three-year rule.

Other restrictions on homebuyers:

You must be 18 years or older on the date of purchase. If married, at least one spouse must be 18 or older.
You can't be claimed as a dependent by another taxpayer during the year you buy the home.

What qualifies as a principal residence?

It can be a house, a condo, co-op, house trailer or houseboat, within the United States. Vacation and rental homes are not eligible.

The credit does not apply to any home purchased for $800,000 or more.

What are the income limitations?

For purchases on or before November 6, 2009:

For single taxpayers, the credit decreases as modified adjusted gross income rises above $75,000, and it disappears altogether above $95,000.

For married couples, the credit starts to decrease at modified adjusted gross of $150,000 and disappears after $170,000.

Modified adjusted gross income is your adjusted gross income, or AGI (your gross income minus certain deductions such as IRAs and alimony) with tax-free foreign income counted.

For purchases after November 6, 2009 and on or before April 30, 2010:

For single taxpayers, the credit decreases as modified adjusted gross income rises above $125,000 and it disappears altogether above $145,000.

For married couples, the credit starts to decrease at modified adjusted gross of $225,000 and disappears after $245,000.

What is considered the "purchase price"?

The purchase price is generally your down payment, if any, plus your mortgage.

A mortgage can be a first or second mortgage or notes you gave the seller in payment.

How does the credit affect the taxes I owe and the refund I get?

The credit reduces your tax liability, that is, the amount of taxes you are required to pay. Depending on your tax withholdings, you could get a bigger refund or owe less in taxes when you file.

If, for example, your taxes owed for one year are $6,000, you've had $4,000 withheld from your wages, and you buy a home worth $100,000 in January of 2010, the housing credit would entitle you to a refund, as shown below.

Tax liability	$6,000
Minus housing credit	-8,000
Minus withholding	-4,000
Refund	$6,000

But if, for example, your tax liability was $10,000, but you had paid no withholding, then the credit would reduce the taxes you owe, as illustrated below.

Tax Liability	$10,000
Minus housing credit	-8,000
Minus withholding	0
Taxes due	$2,000

How the 2008 first-time homebuyer credit works

The 2008 first-time homebuyer credit offered terms much less favorable than the recently revised credit. The 2008 tax break was essentially an interest-free loan worth as much as $7,500, created under The Housing Assistance Tax Act of 2008.

Known as the first-time homebuyer credit, the tax break was available to taxpayers who purchased a home on or after April 9, 2008 and before Jan.1, 2009, and met certain income and other requirements.
The credit is equal to 10 percent of the home purchase price, up to a limit of $7,500.
Unlike other tax credits, this one must be paid back to the government, over a 15-year period.

How is the credit repaid?

Repayments begin the second year after the tax year that the home was purchased. So the first payment would be reported on the 2010 tax return, as a tax liability. Taxpayers who took the credit might want to increase their withholding or make quarterly estimated payments to cover the repayment and avoid penalties for under-withholding.

What if circumstances change?

If you sell the house before the end of 15 years, you will have to pay the balance remaining on the credit on the tax return for the year the house was sold.
If you no longer use the home as your principal residence (say you rent it out), you pay the remaining balance on the tax return for the year the use changed.
If you die before the 15 years, the balance does not need to be repaid.
If you get a divorce and the home is transferred to your spouse, your spouse will be responsible for future payments.

Phil Olson
Sr. Mortgage Planner
Mortgage & Investment Consultants
651-238-6748
1058 Hastings Ave
St. Paul Park, MN 55071
www.callphilolson.com
polson@minnmortgage.com

100% financing is still available!! Can your loan officer do USDA and VA purchase loans??

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Wed, 05 Aug 2009 09:34:46 -0700

100% financing is still available!! Can your loan officer do USDA and VA purchase loans?? (edit/delete)

That is correct there is still 100% financing for qualified buyers in Rural MN and Western Wi. The sellers can pay almost all your closing costs as well and there is NO PMI on this loan and NO Prepay Penalties either!!! Please contact Phil Olson Sr. Mortgage Planner with Mortgage & Investment Consultants at 651-238-6748 and I would be glad to get you prequalified. Phil Olson is a Mortgage Planner with 20 plus years finance experience and over 8 years mortgage experience. Trust your home financing with a loan officer who looks out for their clients best interest and has the experience to get your loan done! Please visit my website at www.callphilolson.com and read the many positive testimonials past customers have written about their experience with me. There is still 100% financing with VA loans as well and yes Phil Olson can do VA loans. Matter of fact Phil Olson served 8 years in the US Army and loves to help fellow veterans buy or refinance homes. So if you need 100% home loan financing contact Phil Olson for all your needs.

Phil Olson
Sr. Mortgage Planner
Cottage Grove, MN
651-238-6748

BBB and Equal Housing Lender

polson@minnmortgage.com

Do you need a professional loan officer who can get the job done?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Wed, 05 Aug 2009 09:32:22 -0700

Are you having trouble getting a Conventional, FHA, USDA, or VA mortgage for your customer or for yourself?? Then read what my customers say about me below. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days. I recently closed a loan with a customer with a 62% debt to income ratio ion 12 days from cradle to grave. Most lenders have overlays that prevent this type of transaction from being approved. I still have lenders who will do loans based on common sense! So use a loan officer who has been there and done that with 20 years finance experience. I promise great results!

Dear Phil

Thank you so much for making our dreams of home ownership (a yard, garage, separate bedrooms with doors!) a reality. We truly enjoyed working with you & appreciate all the hardwork & countless hours of work on your behalf. Thank you for being easy to get ahold of anytime of the day & quick to answer questions - even if it was during your dinner hour! Again thanks for everything..

Tim, Laura, Adrien

Woodbury, Mn

Phil Olson is a home loan consultant with 20 years financial experieince. In a tight mortgage enviroment you need someone who has the resources and experieince to get the job done. I'm a 1st time homebuyer expert who will cover all the bases to insure there are no surprises at the closing. Hire a mortgage consultant who really cares about his customers best interest and will be available for all your questions..

We have all mortgage programs, great rates and many down payment assistance programs.. Please visit my state of the art website at www.callphilolson.com for more info as well.

Phil Olson
Sr. Mortgage Consultant
651-238-6748
Cottage Grove, Mn
www.callphilolson.com
Serving the Mn and Wi area for over 8 years.

BBB & Equal Housing Lender

Are you having trouble getting financing?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 30 Jun 2009 14:45:44 -0700

Are you frustrated with your mortgage loan officer? (edit/delete)

Are you having trouble getting a Conventional, FHA, USDA, or VA mortgage for your customer?? Then read what my customers say about me. I promise great service and no HYPE. If the loan makes sense I have the programs and lenders to get these loans done. Don't spend 2-3 months in underwriting when I can have your deal done in less than 30 days.

Dear Phil

Thank you so much for making our dreams of home ownership (a yard, garage, separate bedrooms with doors!) a reality. We truly enjoyed working with you & appreciate all the hardwork & countless hours of work on your behalf. Thank you for being easy to get ahold of anytime of the day & quick to answer questions - even if it was during your dinner hour! Again thanks for everything..

Tim, Laura, Adrien

Woodbury, Mn

Phil Olson is a home loan consultant with 20 years financial experieince. In a tight mortgage enviroment you need someone who has the resources and experieince to get the job done. I'm a 1st time homebuyer expert who will cover all the bases to insure there are no surprises at the closing. Hire a mortgage consultant who really cares about his customers best interest and will be available for all your questions..

We have all mortgage programs, great rates and many down payment assistance programs.. Please visit my state of the art website at www.callphilolson.com for more info as well.

Phil Olson
Sr. Mortgage Consultant
651-238-6748
Cottage Grove, Mn
www.callphilolson.com
Serving the Mn and Wi area for over 8 years.

BBB & Equal Housing Lender

100% financing is still available!! Can your loan officer do USDA and VA purchase loans??

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Tue, 30 Jun 2009 14:41:35 -0700

That is correct there is still 100% financing for qualified buyers in Rural MN and Western Wi. The sellers can pay almost all your closing costs as well and there is NO PMI on this loan and NO Prepay Penalties either!!! Please contact Phil Olson Sr. Mortgage Planner with Mortgage & Investment Consultants at 651-238-6748 and I would be glad to get you prequalified. Phil Olson is a Mortgage Planner with 20 plus years finance experience and over 8 years mortgage experience. Trust your home financing with a loan officer who looks out for their clients best interest and has the experience to get your loan done! Please visit my website at www.callphilolson.com and read the many positive testimonials past customers have written about their experience with me. There is still 100% financing with VA loans as well and yes Phil Olson can do VA loans. Matter of fact Phil Olson served 8 years in the US Army and loves to help fellow veterans buy homes. So if you need 100% home loan financing contact Phil Olson for all your needs.

Phil Olson
Sr. Mortgage Planner
Cottage Grove, MN
651-238-6748

BBB and Equal Housing Lender

polson@minnmortgage.com

There is $15,000 available to your buyers in St. Paul MN - limited funds so call now!

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Fri, 19 Jun 2009 13:31:34 -0700

$15,000 Down Payment Assistance for purchase in St. Paul MN (edit/delete)

That is correct!!! The St. Paul Heroes Program allows a 1st time homebuyer up to $15,000 down payment assistance. This is not a 100% mortgage financing program, but a great program to help with closing costs and down payment and it is a 0% interest 2nd mortgage. You must be an Approved Lender to sponsor this program and WE ARE. Please call me at 651-238-6748 to find out all the details. To qualify you must purchase in the St. Paul Zip Code. There are other qualifiers so please call me to get all the details..Agents welcome to call! That could be $23,000 in DPA with the Federal Money!!!

This program can be partnered with Conventional, FHA, VA, and USDA --- WOW!!!

Phil Olson
Your One Stop Mortgage Guy
Mortgage and Investment Consultants
651-238-6748

BBB & Equal Housing Lender

Are you frustrated with your mortgage loan officer?

Phil Olson NMLS 238103 (American Mortgage & Equity Consultants Inc.) — Fri, 19 Jun 2009 13:02:40 -0700