Subject: RE: Loan info.
From: "Scheppele, John" <[email-masked]>
To: "Mike" <[email-masked]>
Date: Wed, 18 Mar 2009 17:21:34 -0400

Mike         I will email back in about a 1/2 hour with the numbers.

________________________________

	From: Mike [mailto:[email-masked]] 
	Sent: Wednesday, March 18, 2009 5:19 PM
	To: Scheppele, John
	Subject: Re: Loan info.

	John,
	I am planning on going over to my folks tonight and speaking
with my dad about the loan.  I just wanted to get a breakdown of the
funds needed to make this all work.  I know you told me if we had $27K,
we would be fine but my dad is going to ask about the details and where
those numbers are derived from.  I am thinking this number is a lot
higher than the amount than the 6 months on both houses plus the down
payment.  Are we needing to put 10% down now?  We have $5K down on
deposit, about 12K remaining from the NuUnion loan (after current
mortgage is paid), about 4K in mutual funds from Primerica, and about 5K
in our checking account. All of that is about 26K.  I guess I just need
to know exactly what is required and the least amount needed.  My dad is
very careful when it comes to these kind of things and he will ask lots
of questions.  If you can send me the break downs, that would be
helpful.
	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: Tuesday, March 17, 2009 10:45 AM
		Subject: RE: Loan info.

		Email me again when you are available.

________________________________

			From: Mike [mailto:[email-masked]] 
			Sent: Tuesday, March 17, 2009 10:34 AM
			To: Scheppele, John
			Subject: Re: Loan info.

			Are you available now?  Just call me when you
are.
			Thank you,
			Michael Bishop
			[email-masked] 

				----- Original Message ----- 
				From: Scheppele, John
<mailto:[email-masked]>  
				To: Mike <mailto:[email-masked]>

				Sent: Tuesday, March 17, 2009 8:25 AM
				Subject: RE: Loan info.

				Mike             
				 
				We need to take some steps forward on
this.  My Underwriter is very concerned with how long this has been
taking.  We need to talk today and take some direction as to how to
proceed.  I am available this morning.  Please let me know when you are
available.
				 
				John

________________________________

				From: Mike
[mailto:[email-masked]] 
				Sent: Monday, March 16, 2009 5:10 PM
				To: Scheppele, John
				Subject: Re: Loan info.

				John,
				Sorry I wasn't available when you
called.  I was in a meeting.  I did leave you a voicemail when I called
back a while ago.  Please feel free to call me back at work.
				Thank you,
				Michael Bishop
				[email-masked] 

				----- Original Message ----- 
				From: Scheppele, John
<mailto:[email-masked]>  
				To: Mike <mailto:[email-masked]>

				Sent: Monday, March 16, 2009 3:12 PM
				Subject: RE: Loan info.

				I will call in the next minute to
discuss.

________________________________

				From: Mike
[mailto:[email-masked]] 
				Sent: Monday, March 16, 2009 12:50 PM
				To: Scheppele, John
				Subject: Loan info.

				John,
				I just received the information from
NuUnion.  Her response is as follows:
				"I just faxed the disclosure over to
you.  Your payment would be $355.04/month with a 4% qtrly. adj. rate.
This would be for the $108K with a 10 year term and 15 years to pay it
off."
				Can you tell me how this might compare
with what Fifth Third has available?  I am a little concerned with the
variable quarterly rate she has proposed.  Is this customary for these
kind of loans?  Also, do you know how that works with the term?  Is that
when the total note is due (15 years)?  I can ask her as well but I
thought you would already understand this as well.  Let me know your
thoughts and what we should do to get things moving again.
				Thank you,
				Michael Bishop
				[email-masked] 

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