NOTE: Loantoolbox Was Not Responsible for the Creation of These Materials, and Is in No

NOTE: LoanToolbox was not responsible for the creation of these materials, and is in no way liable for their quality and/or use. You may use this material at your own risk.
To the extent that any program is considered or used, it should be reviewed by a compliance officer or attorney to determine if it complies with the various federal regulations and statutes concerning mortgage loans (including but not limited to RESPA and Truth in Lending) and State Law which differs in each jurisdiction.

Hi Rich,

I enjoyed speaking with you today. As I mentioned on our call, I would be looking to structure your mortgage as a true no closing cost loan, so aside from any interest per day in the month you are closing, ( there is a 7 day grace period if you close on by the 7th of the month so there actually may be an interest per day credit back if you close the first week of the month) and the three or four months of property taxes needed to rebuild your escrow as well as making sure your home owner's insurance is paid in full for one year…there are no other costs and we credit the $450 application fee back at closing towards those per day interest charges , property tax, and or pre-paid insurance escrows.

I will also be adding you to my client distribution list so that I can keep you up to date on breaking financial and mortgage related issues with my Mortgage Market Guide Weekly newsletter.

Once you decide on a mortgage amount we will need to have a copy of your current mortgage payment along with the property tax bill and copy of bill for condo fee or insurance for your other properties andcopies of your picture ID’s, last 2 yr.'s tax returns all schedules and w-2's , as well as paychecks from the most recent 30 day period and your most bank recent statements ~ last 2 months, all pages even if blank. Once you decide to lock in, we will be sending out a full application package highlighting where to sign and also a document checklist, but I thought I would give you a head start on the info needed should you decide you would like to protect that rate.

Below is the link to the opt out site that is important for you to protect your credit. This will direct you to where to go to protect your credit info from being sold to other credit card companies…this is a must for you to do.

The consumer credit reporting industry has provided a way to "opt out" and remove your name from these lists. You can contact them by phone at 1-888-567-8688 or online at www.optoutprescreen.com .

______

ALERT: YOUR NAME IS BEING SOLD — TAKE ACTION NOW!

Here's breaking news you need to know...and you need to let all your family and friends know right away as well.

Having credit checked is an important and necessary step in the home buying process, as well as something that is done on a regular basis for any number of reasons — increasing a credit line on your Visa, applying for insurance, or buying a car. But very few people realize that each time their credit is checked, the "inquiry data" that the credit bureaus (Equifax, TransUnion, Innovis or Experian) has on file has now become a commodity. This information is being sold by the credit bureaus toother lenders..and also to companies that sell and resell the same names and personal information.

That's right — the credit bureaus have found a way to increase their revenues at your expense...and without your permission. These "inquiry leads" include name, address, phone numbers (including unlisted), credit score, current debt and debt history, property information, age, gender and estimated income. They are selling your personal, confidential information to competing creditors...and making millions. Your privacy is being sold, not just once, but over and over again.

And lenders that purchase these leads at a premium will then do everything they can to recoup their investment and turn a hefty profit. Super sneaky bait and switch tactics are being used to lure clients away from their reputable lender. Clients have even been called by disreputable lenders and told that the lender they had been speaking to previously "passed on" the information to them, because they knew that they'd be able to offer much better interest rates and terms. Ouch!

The good news is that you can make it stop, right away. And pass this information on to everyone you know — your friends, family members, neighbors and coworkers.

The consumer credit reporting industry has provided a way to "opt out" and remove your name from these lists. You can contact them by phone at 1-888-567-8688 or online at www.optoutprescreen.com.You must opt out at least 48 hours prior to having your credit checked to make sure it is processed in time. You can choose a five year or lifetime option, and the lifetime option does require a signed form. If a credit report needs to be run prior to the 48 hour waiting period — at least you are aware and informed, and can be on the lookout for suspicious phone calls or mailers from someone who has purchased your data.

BONUS: Opting out will also protect you from "pre-approved credit offers" arriving via mail...one of the leading causes of identity theft in the US.

You certainly have the right to shop for the best professional to meet your lending needs — but this should be done when and how YOU choose, not being done without your consent or permission. Looking around should be on your terms, not being done as a sneak attack, because they think you won't know better. And unfortunately, these unsolicited marketing tactics are a nuisance and intrusive, but quite legal.

So take your privacy back. Take five minutes right now — opt out, and pass it on. Refuse to be a part of this system.

Sincerely,

S. John Murray

S. John Murray, CMP

Sr.Vice President & Licensed Mortgage Originator NMLS#20116

978-739-9599 ext. 2120

efax 978-863-7220

www.sjohnmortgage.com

By the way, I am never too busy for your referrals!

NMLS #20116, MA Licensed Originator #MLO20116, ME Licensed Originator #LO10016, NH Licensed Originator "d/b/a MFS Home Mortgage"NH20116, CT Licensed Originator# "d/b/a MFS Home Mortgage" LO-20116