The Good News
Good Deeds, Inc. Quarterly Newsletter · Spring 2005
In This Issue:
You Are Cordially Invited To Do A Good Deed Today
The Good
Deeds Mortgage Company continues to deliver Good Deeds every day. Our
invitation to “Do a Good Deed” continues to be quite popular with
clients. Here’s how it works:
A formal
invitation is delivered to previous clients. It reads as follows:
As a valued client of Good Deeds, Inc., we would like
to present you with a $600 opportunity to help a friend and a
charity.
Simply complete the enclosed card and give it to a
friend. When the card is returned and your friend closes on a
mortgage with us, we will take $300 off your friend’s closing costs
and send $300 to your designated charity.
Please accept this token of our appreciation and the
opportunity to help you do a Good Deed today.
Please
give us a call at 412-446-2800 or e-mail us at don@deedlaw.net
for more information or to receive this invitation.
Rates/Trends
We are
experiencing quite a phenomenon with the flatness of the yield curve.
Prime rate is 5.75% and the ten-year Treasury note was yielding around
4.43% on 4/11/05. A fixed rate 30 year conventional mortgage (up to
$359,650) can still be obtained at a rate of 5.75% today. A 5/1 ARM is
5%. The interest-only products, especially for the jumbo loans, are
becoming more popular. A 10/1 interest-only
jumbo
loan at 5.75% would require a monthly payment of only $2,396 for a
$500,000 loan.
Allegheny County Assessments
The Web
site for county assessments is extremely easy to use.
www2.county.allegheny.pa.us/RealEstate/search.asp
Be
prepared for sticker shock when you log in and see the estimated value
that the county has estimated for your 2006 taxes. Hurry if you want
to file an appeal. The original deadline of May 2nd will, hopefully,
be pushed back.
Testimonials
“I wanted to thank you for your
patience and consistently exceptional assistance with everything. It
seems that I have had many questions during the deal and much later
(i.e. taxes etc) where you have always been available and quick to
provide answers. You have made this ordeal much easier and I
appreciate your helping me.”
Lighter Side
Three old guys are out walking.
First one says, “Windy, isn’t it?”
Second one says, “No, its Thursday!”
Third one says, “So am I. Let’s get a
beer.”
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