Buying a Home and the Loan Process : Olympia Area Home…

first_imgStep 1:  Get pre-approved – Go to our website, www.timloans.com, and fill out an on-line loan application, as completely as possible, with income, assets and job history.  Once your application is done, Tim will call you to discuss the best loan program for your needs and ask any additional questions that might need to be answered.  We will ask for your authorization to pull your credit report at this time.  Credit scores play a big factor in programs and rates. Facebook0Tweet0Pin0Submitted By:  Tim – A Licensed Mortgage Broker Step 6: Final Loan Approval-Once the underwriter has all of the documentation needed to support your loan application and also has an appraisal that supports the value of the home you are purchasing they then underwrite this and final approve your loan and then we request loan documents.  These documents consist of many of your initial disclosures plus the Note and Deed of Trust for your new home and are sent to the Escrow Office that will be handling the signing and funding of the loan.  Escrow will work up and Estimated HUD Settlement statement that itemizes all charges as a result of the purchase transaction for the buyer and seller and we will perform an audit of this statement so you know how much cash to close if any is needed on your transaction.  At that time, our Loan Processor Sheila will call you and let you know exactly how much you need to bring in via Cashier’s check or bank wire, at the time of your signing.  Many times for USDA and VA loans, there are no funds required for closing. Should you have any questions about the process or the initial pre-approval or pre qualification, please call Tim Barlow at Cornerstone Home Mortgage @ (360) 570-0106, or go to www.timloans.com to do a full application.  Step 5:  Submitting your loan to the Lender for Approval-The best thing about working with a Mortgage Brokerage is that we are approved with multiple lenders and we are able to shop rates and fees and find some of the most competitive prices available.   It also allows us to choose the lender that we think will do the best job for you based on your financials and type of loan program.  Once we have determined which lender of ours that you will do the best with, we will submit your entire loan package.  The loan package gets sent into the lender’s underwriting department where an underwriter will review the income, assets, job history, loan purpose and property.  We will most often have an approval back within 48-72 hours of submitting your loan. Step 4:  Gathering Documentation– Once you have chosen your new home, we then will ask for the necessary documentation to submit your loan to the lender.  We will ask for 1 month’s paystubs, 2 months bank statements, W-2’s for the past 2 years and any other information that we know the underwriter will need in order to approve your loan application.  If you are self-employed we’ll be asking for a little bit more information.   We will meet with you to have you sign all of your initial loan disclosures that we will need in order to submit your file to one of the many lenders with whom we shop for the best rates. Step 5:  Ordering the Appraisal-Once we have your loan approval, we will then order the appraisal.  The appraisal process typically takes 7 days or less.  During this time we will be gathering any additional information from you that the underwriter needs as a part of the conditional approval of your loan.  Once the appraisal is back, and all of the other conditions of the loan are turned in then you are headed towards your final approval! Step 2:  Pre-Approval– If you are purchasing a home, once all income, assets, job history and credit have been reviewed, we will run your financials through an automated system and issue a Pre-Approval letter to you so that you can begin shopping for your new home with confidence. Since you have already went through the loan application process above, you will know exactly how much house you can afford and the Pre-Approval Letter increases your bargaining power as now you will be viewed as an approved borrower versus someone who is just prequalified. Step 3:  The House Search- Begin shopping with your Real Estate Agent for your house so that you can determine the most important characteristics you will want for your home.  Once you find the right one, the terms of the sale will be negotiated and you and your realtor will write the offer.  The realtor will work with Tim to see if any of the closing costs should be included in your offer and paid by the seller. Step 7:  Funding and Recording-Once you have signed your loan documents and the seller has signed their documents, the Escrow Office sends all documents back to the lender for review and funding.  This typically is a 24 hour review.  The lender’s funding department will review all documents to ensure everything was signed correctly and any funding conditions have been satisfied.  Once everything is signed off your loan is cleared for funding, the lender then wires the funds of your loan to the Escrow office and authorizes them to release your file to the county for recording.  When recording numbers are received from the county and funds are dispersed to all 3rd parties (realtors, lender, appraiser, lending institution and seller) this consummates the transaction and the sale is complete.  Congratulations, you have now taken title to your new home! Tim is a licensed Mortgage Broker for over 10 years, has over 15 lenders to choose from and consistently delivers competitive rates, fees and on-time service. He is available for evening and weekend appointments.   www.timloans.comlast_img read more

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Controversy Continues Over Charter School

first_imgBy John BurtonRED BANK – A meeting between members of the local press and charter school officials seemed to turn up the heat on the antagonism over the school’s expansion proposal.Principal Meredith Pennotti, Board of Trustees Vice President Roger Foss and school business administrator David Block met with four area reporters on Feb. 10 at the Red Bank Charter School, 58 Oakland St., to offer the school’s perspective on its plans.The school is currently awaiting state Commissioner of Education David Hespe’s decision on its proposal to double enrollment to 400 students over the next three years, as well as expanding its facility space.Charter school officials planned to use its own public forum held earlier this month at recently leased 135 Monmouth St. space to “give the press an open forum” in addition to giving community members a chance to be heard, and for the school to announce it would amend its plan to stagger the future enrollment for the town’s benefit, Pennotti said.But given the large number of people in attendance that night, officials thought it would be better to dedicate the bulk of the time to public comments.“We don’t feel like we met that goal,” of giving reporters a chance to ask questions, Pennotti said.But some countered that the press meeting was an attempt to manipulate local media, to sway public opinion given the vocal opposition the charter school has faced since its plans became public last December.“I just keep feeling they keep reporting the same things over and over without anybody requesting they substantiate their claims,” charged Jared Rumage, Red Bank superintendent of schools.Rumage and others have pointed out that the charter school had an opportunity to present their views at a Jan. 22 forum at the middle school and at their own forum as well, where school officials sat silent as community members spoke. Charter school officials at the last minute decided to decline the invitation to appear at the middle school event, leaving Rumage to present the public school’s point of view.The deadline to submit public comment on the charter school’s proposal to the commissioner of education was Jan. 31. Hespe’s decision is expected by the end of February.“We want to do more for the population of Red Bank,” Pennotti said of the school’s proposal. She pointed to her school’s continuing wait list, currently around 90 students. She added that the public school population is growing, with the schools “bursting at the seams.” She believed the expansion might offer some relief to the existing public school facility.The charter school’s application is on the school’s website and on record with the state Department of Education and available to the public.Much of the two-hour session revolved around points that the school has raised previously and countering some accusations from critics – which also have been expressed before.Rumage and others have said charter school students receive more money per student than their public school counterparts. But administrator Brock said that is misleading, given that actual dollars from the school district equates to less money per student than for the charter school students. The charter school receives an additional roughly a little more than $1 million in direct state aid.That, Rumage had countered, doesn’t negate the impact the charter school funding has on the public school district and what this expansion would mean for the public school and taxpayers – an often repeated refrain from opponents of the plan.“If this goes through, they’re failing to address this main concept,” Rumage said, “we will not be able to provide a thorough and efficient education for the kids who are left behind.”“The charter school is supposed to offer an alternative,” Pennotti offered another often repeated refrain of charter school supporters here and elsewhere. She said her school is providing innovative programs in a small school environment and offering families a choice, “That will attract families.”last_img read more

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Glacier athletes complete season in style at Kootenay Zones

first_imgBy The Nelson Daily SportsThe Glacier Gymnastics club culminated an impressive season on the balance beam by hosting the Kootenay Zone Championships at the Civic Centre facility.Teams from throughout the zone joined the host from the Heritage City in the annual windup competition to the local gymnastic season.The zones were held over two days with competition in boys, girl’s pre-competitive, interclub and high school events.Glacier results included:Level 1 Argo 2002 Alexis Dyck, first on bars, second on floor and beam and first overall; Senna Moroney, first on beam, second overall; Teigan Barnhart, first vault, third overall; and Gwen McCrory second on bars first on floor, third on beam.Level 1 Argo 2001Ohia Wintraub, first on beam and bars, secnd on floor and vault, second overall; Olivia Kelly, third on floor, fourth on beam, third overall; Ashley Caponero, second on floor, fifth overall and Mimi Lockhurst, third on beam, fifth on floor and sixth all overall.Level 1 Tyro (10 & 11yrs old)Sara Tolles, first on vault, floor and beam, second overall and Brenna Barnhart, second on floor, third on vault and bars and third overall.Level 1 Novice & Open combinedKaya Fraser, first on beam, second overall; Maddie Sternloff, second beam, third on floor, fourth overall; Miranda Boisvert, fourth on beam, sixth overall and Katie Poetsch, third on beam and fourth on floor.Level 2 TyroBryn Walsh, first on bars and floor, second overall; Kylee Dyck, second on floor, third on Bars, third overall; Victoria Lawrence-Jeffery, second on beam, fourth on floor, fifth overall and Hailey Lothrop, third on beam and sixth overall.Level 2 NoviceChultim O’Neil was first vault, bars, floor and first overall; and Bronwyn Sutherland, first on beam and third on vault.Level 2 OpenJulie Poetsch took third on floor and bars, fourth overall; Kelly Westrop, second on vault, fourth on floor, fifth overall; and Rebecca Benner, sixth on vault, beam, floor and overall.Level 3 Tyro/Novice combinedJasmine Schacher captured first on beam, second on floor, bars and overall and Ella Kellan, third on floor and fourth overall.Highschool Level 1 Category Trilby Buck, first on vault, floor and first overall.Highschool Level 2 CategoryDanielle Cousins was first on beam, floor and overall; Shaylene Geist, second on bars, beam, third overall; Leanne Kalmikoff, third on floor, bars and overall and Abby Cowan second on floor, third on valult and fourth overall.Boys Level 3 Under 13Quinn Barron dominated with a gold in all six events and overall; Ciun Murphy, second on floor, rings and parallel bars second overall and Oliver McDougall-Eisele, second on vault and horizontal bar and third overall.sports@thenelsondaily.comlast_img read more

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STABLE NOTES BY ED GOLDEN – SUNDAY JULY 10, 2016

first_imgSANTA ANITA HOSTS BREEDERS’ CUP NOV. 4 & 5CHAMPION STELLAR WIND WORKS FOR HIRSCHSMITH BACK HOME FOLLOWING BELMONT SCORESECURITY’S MIKE JACOBELLIS RETIRES TODAYDERBY WINNER NYQUIST BREEZES TOMORROW Brandon Boulanger5861510%21%$159,199 SANTA ANITA STATISTICS Mike Smith45158133%53%$1,014,947 Richard Baltas6410121416%56%$477,060 Doug O’Neill10512222111%52%$872,676 Richard Mandella4195722%51%$724,512 Brayan Pena676589%28%$154,340 James Cassidy4574616%38%$427,845 Rafael Bejarano19044423123%62%$2,523,132 Kent Desormeaux61119618%43%$484,775 FINISH LINES: Kentucky Derby king Nyquist will work five furlongs at 6:30 tomorrow morning under Mario Gutierrez, trainer Doug O’Neill reported Sunday. A decision on his next race is expected in the next few days . . . Coppa, who remained unbeaten in three starts with her win in Belmont Park’s Grade III Victory Ride at 6 ½ furlongs Saturday under Joe Talamo for Phil D’Amato, is being considered for Saratoga’s Grade I, $500,000 Test Stakes for three-year-old fillies at seven furlongs Aug. 6, the trainer said . . . Santa Anita Derby winner Dortmund, a candidate for Del Mar’s San Diego Handicap July 23, worked six furlongs in company Sunday for Bob Baffert in 1:13.20 from the gate. Stablemate Vale Dori got 1:13.40 . . .GOOD LUCK TO TRACK ANNOUNCER MICHAEL WRONA, AS HE AND FIANCE’ KATHY KENNEDY WILL MARRY NEXT SUNDAY IN LAKE TAHOE . . . There are mandatory payouts in the Pick Six and Super High Five today. The total Pick Six pool is expected to exceed $500,000. Tiago Pereira11012161711%41%$539,967 CHAMP STELLAR WIND IN ‘EXCELLENT’ DRILLStellar Wind, champion three-year-old filly of 2015, worked six furlongs in company under Victor Espinoza Sunday in 1:14.20 as she prepares for a rematch with three-time Eclipse Award winner Beholder in the Grade I Clement L. Hirsch Stakes at Del Mar July 30.Beholder and Stellar Wind ran one-two in the Grade I Vanity Mile at Santa Anita June 4.John Sadler, who trains Stellar Wind for the Hronis brothers, Kosta and Peter, had Carnival Lights as her workmate. She was clocked in 1:15.80.“It was an excellent work,” Espinoza said of Stellar Wind. “She was brilliant today. Now she’s ready to go. The Vanity got her fit for the next race and even though it’s against Beholder who’s a champ, too, you never know what will happen. Stellar Wind is doing great.”The Vanity was Stellar Wind’s first race since last Oct. 30, when she finished a troubled second by a neck in the Breeders’ Cup Distaff at Keeneland. (Current Through Saturday, July 9) TrainerSts1st2nd3rdWin%ITM%Money Won Mark Glatt7314151119%55%$503,651 MIKE JACOBELLIS TURNS IN BADGE TODAY            After serving for 10 years with Santa Anita Security, which was preceded by a 32-year run with LAPD, Mike Jacobellis will retire from The Great Race Place today and be honored in a Winner’s Circle ceremony following the fourth race.A graduate of Alhambra High School, Jacobellis, who is currently an Area Manager overseeing plain-clothed personnel, leaves a legacy of good will with fans, jockeys, horsemen and fellow employees.“We are very fortunate to have had Mike on staff for the past 10 years,” said Santa Anita Chief of Security, Lou Scalera. “Mike gets along with everyone and he’s an outstanding cop. He retired from LAPD as a Detective Sergeant and he pays attention and follows up on things in a very professional manner.“Although he’s leaving us to spend more time with his family, we will have him here for the Breeders’ Cup in November and we hope to have him next year on big days, like the Santa Anita Derby and the Big ‘Cap.“Given the fact that he’s met so many owners, trainers and jockeys over the years, I’d be surprised if we didn’t see him every now again as a fan. It’s hard not to develop a love for this game when you’re so close to everyone involved in it.” Chad Lindsay731381218%45%$315,100 Martin Pedroza831391216%41%$403,100 Flavien Prat15840272325%57%$1,946,640 Edwin Maldonado15627231717%43%$1,094,450center_img Bob Baffert561612629%61%$862,103 Stewart Elliott979879%25%$395,200 Tyler Baze19631403816%56%$1,573,731 Peter Eurton4796519%43%$500,660 Simon Callaghan3173223%39%$316,965 JockeyMts1st2nd3rdWin%ITM%Money Won Philip D’Amato992520925%55%$1,606,938 Mario Gutierrez78916612%40%$695,300 Joseph Talamo13926192019%47%$1,527,073 Alonso Quinonez56610711%41%$266,730 HOME COURSE ADVANTAGE FOR BREEDERS’ CUP?Santa Anita hosts the Breeders’ Cup World championships for an unprecedented ninth time come Nov. 4 and 5.Whether it can be a home course advantage or not depends on who you talk to. Trainer Ron Ellis, for one, says there is a benefit in not shipping and running on a track just a hundred yards away in your own back yard.“I think it’s similar to a football team that doesn’t have to play on the road,” said Ellis, who hopes to have his crack sprinter, Masochistic, ready for either the Dirt Mile or the Sprint.“While they’re not necessarily creatures of habit, athletes and horses seem more comfortable in familiar surroundings. The home teams don’t have to travel, nor do horses based at Santa Anita, and that can reduce intangibles such as stress, which doesn’t help.”Bob Baffert, whose horses have flown worldwide, says it makes no never mind to him and his stock.“It’s more of an economic advantage than anything,” said the Hall of Fame trainer who has made Santa Anita his base of operations for more than two decades. “You don’t have to spend any extra money shipping because the horses are here.“There might be a horse or two that wouldn’t have shipped well, but otherwise, I don’t think it’s a big deal. If you have good horses, they’ll come through. All my horses ship well. I ship a lot and they’re used to it. My success rate is pretty high.” Martin Garcia811361416%41%$712,434 Peter Miller591015717%54%$485,955 Mike Puype54117620%44%$360,850 John Sadler65971414%46%$750,278 Fernando Perez10113111113%35%$557,713 Jerry Hollendorfer771581519%49%$1,050,183 SMITH RETURNS FOLLOWING SUBURBAN WIN AT BELMONT PARK            Mike Smith, who joined fellow Hall of Famer Gary Stevens for a special Beholder/Songbird poster signing prior to Sunday’s races, was still “feeling it” following his big win aboard Effinex in Saturday’s Grade I, mile and a quarter Suburban Handicap yesterday at Belmont Park.“When he puts it all together, he’s a serious horse. He can run with the best of the best,” said Smith of the Jimmy Jerkins trainee who is pointing to an eventual engagement in the $6 million Breeders’ Cup Classic at Santa Anita on Nov. 5. “He can beat ’em when he puts his mind to it; he’s just not always in a stable frame of mind (jokingly).”Yesterday he was on and ran brilliant . . . Belmont’s a funny track. The size of the track, the turns . . . You can pull the trigger way too soon there and it can play tricks on you . . . but I’ve been there since the ’80s, so it helps to know it. I love going, but I love coming back!” Santiago Gonzalez18323253113%43%$1,138,703 Patrick Gallagher2972224%38%$266,100last_img read more

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