Condo Financing for The Encore Building in Nashville

Dear Mr. Grant Hammond,

We here at SunTrust Mortgage sincerely appreciate the opportunity to work with your “Preferred clients” with the financing of the Encore condominiums in Downtown Nashville. As a token of our appreciation, we will go above and beyond the rest of the financing options by offering an exclusive arrangement for your clients. SunTrust will offer:

* Up to $4,500 for closing costs
* No application fee ($200.00 savings)
* No appraisal fee ($350.00 savings)

We want to stand out from the crowd by offering competitive mortgage rates, better customer service, and delivering quality products and services to our clients.

Please feel free to give me or my assistant a call with any questions or concerns.

Cordially,

Travis Smith, USMC
Mortgage Loan Consultant
SunTrust Mortgage Inc.,

1600 Westgate Circle Suite 150
Brentwood, TN 37027
615.309.4899 office
615.498.3970 mobile
615.309.4900 fax
Travis.O.Smith@suntrust.com

Or

Kimberly Nelson, LPA
Loan Production Assistant to Travis O. Smith
615.309.4882 office
615.309.4900 fax
Kimberly.Nelson@suntrust.com

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Condo Financing for The Encore Building in Nashville

Dear Mr. Grant Hammond,

We here at SunTrust Mortgage sincerely appreciate the opportunity to work with your “Preferred clients” with the financing of the Encore condominiums in Downtown Nashville. As a token of our appreciation, we will go above and beyond the rest of the financing options by offering an exclusive arrangement for your clients. SunTrust will offer:

* Up to $4,500 for closing costs
* No application fee ($200.00 savings)
* No appraisal fee ($350.00 savings)

We want to stand out from the crowd by offering competitive mortgage rates, better customer service, and delivering quality products and services to our clients.

Please feel free to give me or my assistant a call with any questions or concerns.

Cordially,

Travis Smith, USMC
Mortgage Loan Consultant
SunTrust Mortgage Inc.,

1600 Westgate Circle Suite 150
Brentwood, TN 37027
615.309.4899 office
615.498.3970 mobile
615.309.4900 fax
Travis.O.Smith@suntrust.com

Or

Kimberly Nelson, LPA
Loan Production Assistant to Travis O. Smith
615.309.4882 office
615.309.4900 fax
Kimberly.Nelson@suntrust.com

If you enjoyed this post, you may also enjoy:
Financing the Encore Condos for Self-Employed Buyers
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The Economic State of Nashville and Middle Tennessee

Recently, The Tennessean interviewed Arthur Laffer and ask a few pointed questions about the state of the Nashville economy, here are his answers:

Q) Is Middle Tennessee resistant to a recession because we didn’t have the real estate boom and then bust that other states have seen, California for instance?

A) “I was on the Governor’s Council of Economic Advisors with (Arnold) Schwarzenegger out there. I love him dearly … he’s a great guy. But when he decided to turn to the dark side, I said: “I’m getting out of here. I’m not going to watch. I’m not going to be in a collapse.”

California went from being the third-fastest growing state in the country to No. 29. So, at the age of 66 in 2006 I packed up and moved my company, my business and my family, everything here to Nashville Tennessee – a place I’d never been before. That’s not a trivial thing to do at my age.

California is like a Super Nova sending off solar systems to neighboring states. Revenues in the state are falling through the floor and housing prices are collapsing … all the other taxes collected are dropping like a stone. They are going to ruin that state beyond belief.

Q) And what’s in store for the Nashville area, for Tennessee?

A) This is all leading up to the answer to your question. Middle Tennessee is going to do great. It’s spectacular. Tennessee will skate through with no big problems. You didn’t have the big runs; you didn’t have the big falls. You didn’t do the stupid things that California has done.

Gov. (Phil) Bredesen … this guy, I met with him and talked physics with him. What a cool guy. He understands the whole process. I love it here.”

As an economic adviser under President Reagan in the 1980s, newly minted Nashville resident Arthur Laffer helped shape supply-side economic theory. Arthur Laffer is best know for the Laffer Curve, a curve illustrating tax elasticity which asserts that in certain situations, a decrease in tax rates could result in an increase in tax revenues.

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The Economic State of Nashville and Middle Tennessee

Recently, The Tennessean interviewed Arthur Laffer and ask a few pointed questions about the state of the Nashville economy, here are his answers:

Q) Is Middle Tennessee resistant to a recession because we didn’t have the real estate boom and then bust that other states have seen, California for instance?

A) “I was on the Governor’s Council of Economic Advisors with (Arnold) Schwarzenegger out there. I love him dearly … he’s a great guy. But when he decided to turn to the dark side, I said: “I’m getting out of here. I’m not going to watch. I’m not going to be in a collapse.”

California went from being the third-fastest growing state in the country to No. 29. So, at the age of 66 in 2006 I packed up and moved my company, my business and my family, everything here to Nashville Tennessee – a place I’d never been before. That’s not a trivial thing to do at my age.

California is like a Super Nova sending off solar systems to neighboring states. Revenues in the state are falling through the floor and housing prices are collapsing … all the other taxes collected are dropping like a stone. They are going to ruin that state beyond belief.

Q) And what’s in store for the Nashville area, for Tennessee?

A) This is all leading up to the answer to your question. Middle Tennessee is going to do great. It’s spectacular. Tennessee will skate through with no big problems. You didn’t have the big runs; you didn’t have the big falls. You didn’t do the stupid things that California has done.

Gov. (Phil) Bredesen … this guy, I met with him and talked physics with him. What a cool guy. He understands the whole process. I love it here.”

As an economic adviser under President Reagan in the 1980s, newly minted Nashville resident Arthur Laffer helped shape supply-side economic theory. Arthur Laffer is best know for the Laffer Curve, a curve illustrating tax elasticity which asserts that in certain situations, a decrease in tax rates could result in an increase in tax revenues.

If you liked this post, you may also like:
Tennessee Has Two Real Estate “Safe Havens”!
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Mortgage Rates Edge Lower, Applications Up

Freddie Mac reports a slight decline in the 30-year fixed mortgage rate to 5.67% from 5.68% during the week ended Feb. 7. Interest on 15-year fixed loans also dropped, falling to 5.15% from 5.17%. Over the same period, the five-year adjustable mortgage rate slipped to 5.21% from 5.32%, and the one-year ARM moved down to 5.03% from 5.05%.

Meanwhile, the Mortgage Bankers Association reports a 3-percent jump in home-loan applications to a nearly four-year high last week and a year-over-year gain of 73% as borrowers try to refinance in order to reduce their interest rates. While purchase loan requests shot up 12%, a three-fold increase in refinance applications since December is responsible for the recent gain. According to MBA senior director of economic forecasting Orawin Velz, “We can’t say that this is going to be a refinancing boom or that we have hit bottom in the housing market, but it shows renewed interest.”

Again, these are all positive signs for the national housing market, but Nashville is way ahead of the recovery curve due to unprecedented job growth, population growth, and a re-urbanization of our downtown. Nashville condos sales are up 7% over last year and there appears to be no ceiling in sight.

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Mortgage Rates Edge Lower, Applications Up

Freddie Mac reports a slight decline in the 30-year fixed mortgage rate to 5.67% from 5.68% during the week ended Feb. 7. Interest on 15-year fixed loans also dropped, falling to 5.15% from 5.17%. Over the same period, the five-year adjustable mortgage rate slipped to 5.21% from 5.32%, and the one-year ARM moved down to 5.03% from 5.05%.

Meanwhile, the Mortgage Bankers Association reports a 3-percent jump in home-loan applications to a nearly four-year high last week and a year-over-year gain of 73% as borrowers try to refinance in order to reduce their interest rates. While purchase loan requests shot up 12%, a three-fold increase in refinance applications since December is responsible for the recent gain. According to MBA senior director of economic forecasting Orawin Velz, “We can’t say that this is going to be a refinancing boom or that we have hit bottom in the housing market, but it shows renewed interest.”

Again, these are all positive signs for the national housing market, but Nashville is way ahead of the recovery curve due to unprecedented job growth, population growth, and a re-urbanization of our downtown. Nashville condos sales are up 7% over last year and there appears to be no ceiling in sight.

If you liked this post, you may also like:
Nashville Mortgage Rates Rise Slightly
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