Subject: RE: FHA offer
From: "Scheppele, John" <[email-masked]>
To: "Mike" <[email-masked]>
Date: Fri, 21 Jan 2011 15:00:44 -0500

Mike        

That is where I can help them come up with a good way to finance or give
them a plan to be able to purchase in the future.  Ask them to give me a
call.

John

From: Mike [mailto:[email-masked]] 
Sent: Friday, January 21, 2011 2:59 PM
To: Scheppele, John
Subject: Re: FHA offer

John,

I have spoken with them.  They did show some interest.  I am just not
certain they would be in a good position to do it at this time.

Thank you,
Michael Bishop
Labor Law Poster Service
Phone 877-321-4144
Fax 888-442-4144
[email-masked] 

	----- Original Message ----- 

	From: Scheppele, John <mailto:[email-masked]>  

	To: Mike <mailto:[email-masked]>  

	Sent: Friday, January 21, 2011 2:12 PM

	Subject: RE: FHA offer

	Mike and Celeste

	My guess is that they are showing you a ARM, which stands for
Adjustable Rate Mortgage.  FHA offers 2 types of ARMs but the rate you
are looking at is only good for either 3 or 5 years, then the rate can
adjust up or down, but most likely up, with annual adjustments every
year.  The only other way to get a rate that low is to charge you all
kinds of fees which I never recommend.

	Are your renters interested in purchasing the home from you?  I
could show them how they could own.   If you sold your home it might
make it easier to then refinance your home into a conventional mortgage.

	John  

	From: Mike [mailto:[email-masked]] 
	Sent: Friday, January 21, 2011 12:55 PM
	To: Scheppele, John
	Subject: Re: FHA offer

	Hi John.

	Everything is working great with our new home and we just love
it!  I still have the other home and have had a family renting it from
me since August of 2009.  It is a bit of challenge of being a landlord
but has been fairly beneficial for me to do so.  Hopefully that will
continue.  So do you feel that the 3.5% rate they are "suggesting" is
real or more of a basic rate shown with additional fees to follow?

	Thank you,
	Michael Bishop
	Labor Law Poster Service
	Phone 877-321-4144
	Fax 888-442-4144
	[email-masked] 

		----- Original Message ----- 

		From: Scheppele, John <mailto:[email-masked]>  

		To: Mike <mailto:[email-masked]>  

		Sent: Friday, January 21, 2011 12:37 PM

		Subject: RE: FHA offer

		Mike       

		Hope everything is working out well on the new home.
Your rate is 4.875% which is where rates are today.  So I would not do a
thing.  Did you ever sell your other home?

		John

		From: Mike [mailto:[email-masked]] 
		Sent: Friday, January 21, 2011 12:28 PM
		To: Scheppele, John
		Subject: FHA offer

		Hello John.

		I received the attached in the mail and though it looks
like it may be coming from FHA, but I am thinking it is just an
advertisement.  I didn't contact them so I am not certain the specifics
of where the offer is coming from.  Do you know anything about this or
if FHA is at these rate?  If so, do you feel it would be beneficial for
me to look at refinancing with the lower rate with having to pay closing
costs?  I value your input and appreciate anything you can tell me.

		Thank you,
		Michael Bishop
		[email-masked] 

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