IrishCentral Arlington - b5cc3275d518416eacb61d676e8d84d1

Need financial advice? Just ask Arlington (IrishCentral)

Tue, 07 May 2013 02:48:35 PDT

Sean O'SullivanIn the good old days, if you had a credit score of 700 or better, you qualified for 100 percent financing when you bought a house Countrywide in their heyday (before Bank of America had to bail them out) had a mortgage program called “Fast & Easy,”which was literally just that All you needed was a verification of employment letter from your employer (VOE) instead of tax returns and a verification of deposit letter from your bank (VOD) instead of bank statementsThe two documents were second in importance only to your credit history READ MORE

Financial advice? Just ask Arlington (IrishCentral)

Tue, 23 Apr 2013 04:03:22 PDT

Sean O'SullivanLast Week's Mortgage Rates RecapLast week saw interest rates remain very stable, not really improving too much even though we did see some MBS (Mortgage Backed Securities) market improvements Why does this happen? Well, many reasons can contribute, including supply and demand (lenders have a very strong supply right now and don't need to pass market improvements on to consumers to capture more business), as well as secondary pricing desks hedging against rapid market deterioration What's does all this mean in English? Simply that the rates remain flatThis Week's Mortgage Rates ForecastRisks Favor: FLOATINGNow that we are seeing a new trend in MBS performance, and technical signs point to short term interest rate stability, we can advise to float and see if we may experience some improvement READ MORE

Financial advice? Just ask Arlington (IrishCentral)

Thu, 03 Jan 2013 09:15:49 PST

Sean O'Sullivan Irish Central Community News is pleased to continue with our bi-weekly financial column, courtesy of Sean O’Sullivan of Arlington Financial Leasing Explained: Negotiating:You negotiate the best deal and agree to the purchase The best deal is usually the auto dealers purchase price from the factory known as tissue in the automobile industry Most dealers today will show you their tissue and sell you the vehicle for it READ MORE

Financial advice ask Arlington - The pros and cons of purchasing a co-op (IrishCentral)

Tue, 11 Dec 2012 08:17:06 PST

Sean O'SullivanIrishCentral Community News is pleased to continue with our bi-weekly financial column, courtesy of Sean O’Sullivan of Arlington FinancialWhat are the pro and cons to purchasing a co-op?When you purchase a co-op, you own a percentage of the building called shares Potential owners have to be voted into the building before they can purchase by a Co-op Board Some Co-op Boards have a more rigorous board entry screening process than others READ MORE

Financial Advice from Arlington - the ins and outs of leasing (IrishCentral)

Tue, 09 Oct 2012 10:45:15 PDT

By: SEAN O’SULLIVAN

Irish Central Community News is pleased to continue with our bi-weekly financial column.

Financial advice? Just ask Arlington (IrishCentral)

Tue, 14 Aug 2012 12:16:02 PDT

By: SEAN O'SULLIVAN

In the past if you had a credit score of 700 or better you qualified for 100% financing. Countrywide in their hay day (Bank of America bailed them out) had a mortgage program called “Fast & Easy”, which was literally just that. A letter from your employer (VOE), in lieu of tax returns and a letter from your bank (VOD), in lieu of Bank statements. So just imagine the loophole that left open to the collapse of the housing market. Anyone could and did complete these letters with what they deemed necessary to qualify for a mortgage. The two most important documents that stand in second place to your credit history. The VOD shows your ability to have saved and put a down-payment and closing costs into the transaction and the VOE shows your ability to qualify for a mortgage. Your credit history shows your responsibility in paying your bills in a timely manner.

Financial advice? Just ask Arlington (IrishCentral)

Tue, 14 Aug 2012 11:16:38 PDT

Irish Central Community News is pleased to continue with our bi-weekly financial column, courtesy of Sean O’Sullivan of Arlington Financial This time around Sean tackles Closing CostsLoan Originating Fee - Is charged by some brokers and lenders and is the main way they are paid for their serviceApplication/Processing Fee - Is to cover its loan processing costs READ MORE

Just ask Arlington - how do Federal Housing Administration loans work? (IrishCentral)

Thu, 28 Jun 2012 08:17:50 PDT

By: SEAN O'SULLIVAN

FHA loans have been helping people become homeowners since 1934. How do they do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.

Financial advice? Just ask Arlington (IrishCentral)

Tue, 05 Jun 2012 08:14:55 PDT

By: SEAN O'SULLIVAN

Irish Central Community News is pleased to continue with our bi-weekly financial column, courtesy of Sean O’Sullivan of Arlington Financial. This time around Sean tackles FHA Loans.

O’Brien celebrates on the double as Cape Blanco wins Arlington Mile (IrishCentral)

Sun, 14 Aug 2011 07:36:58 PDT

By: CATHAL DERVAN

Aidan O’Brien didn’t make it to Chicago but he was celebrating on the double as Cape Blanco won the Arlington Million on a great day for the Irish trainer.

Forgotten Irish soldier to get full military honors at Arlington Cemetery (IrishCentral)

Fri, 09 Jul 2010 07:45:02 PDT

On Monday an American soldier killed in action will be buried in Arlington cemetery with full military honors This soldier was not, however, killed in Iraq or Afghanistan, but in eastern France in 1918Private Thomas D Costello (60th Infantry Regiment, 1st Brigade, 5th Infantry Division) was killed during what was known as the St READ MORE