NFM, Inc. is excited to announce that we will be a sponsor for the 2014 Ronald McDonald House Charities of Baltimore’s Red Shoe Shuffle 5k Run & Walk on April 6th! This will be the 3rd year that NFM, Inc. has sponsored and participated in the Red Shoe Shuffle. Last year, NFM, Inc. received recognition for being the third largest team at the shuffle!
The Ronald McDonald House Charities of Baltimore (RMHCB) is a charity that provides a home away from home for families who have children that are receiving medical treatment from local hospitals or medical centers. The house is known for offering hope, compassion, support and love when families need it the most. NFM, Inc. is committed to giving back to our communities, and the RMHCB is our key charity. NFM, Inc. currently donates a portion of every loan closed to the RMHCB, but we believe that attending the shuffle is a great way to meet the families of the House and let them know the community of Baltimore is there to support them.
NFM, Inc. would like to invite you to join us in the Red Shoe Shuffle 5k Run & Walk. The shuffle will start at the Ronald McDonald House, loop around the M&T Bank Stadium and the Oriole Park at Camden Yards, and finishes at the Ronald McDonald House. This year, there will be activities not only for individuals participating in the event but also for the friends, families (especially the children), and those not participating. To learn more, please visit the Red Shoe Shuffle 5k Run & Walk website. There you can register to join our NFM, Inc. team, as well as to make a donation. We look forward to seeing you there!
If you are looking for a home loan, considering a conventional loan is a great place to start. As America recovers from its’ economic turmoil, equity is slowly returning to the average homeowner. You might want to again consider a conventional loan as your vehicle of choice to the American Dream.
Definition
A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government. A conventional, or conforming, mortgage adheres to the guidelines set by Fannie Mae and Freddie Mac. It may have either a fixed or adjustable rate. The maximum limit for a conforming loan depends on the county and state you live in and can be found here: Fannie Mae Loan Limits.
Conventional loans can be either Fixed or an adjustable rate. Fixed-rate mortgages have a set interest rate for the entire length of the mortgage term which can be between 10 and 30 years. An adjustable-rate mortgage (ARM) has a term of 30 years with a low introductory rate for a fixed period followed by periodic adjustments according to a specific benchmark, typically a specific LIBOR or a T-Bill index.
Requirements
If you in income and credit qualify and want to purchase a new home or merely lower the rate or term of you existing home, a Conventional loan may be what is best for you. Conforming loans require a down payment/equity as little as 3%* for a fixed rate term or 10%* for an Adjustable rate.
If you need to take cash out for any purpose Conventional financing will allow you to borrower up to 85%* of your home’s value. You can apply for pre-approval of a loan which helps you determine what you can afford to borrow (pre-approval is not guaranteed) or you can apply for a loan after you find a property you are interested in buying. Always check with your Loan Officer for specific guidelines.
Getting the Loan
If you would like to see if you will qualify for this loan, contact one of our Licensed Mortgage Loan Originators by clicking here.
LINTHICUM, M.D., February 19th, 2013— NFM, Inc. is proud to announce that Robert (Bob) N. Tyson III has been named the new Chief Operations Officer of NFM, Inc.
Bob Tyson has been NFM’s Executive Vice President of Lending since 2009. He oversaw the capital and secondary markets, and warehousing departments. With over ten years of mortgage experience he is no stranger to the COO role; he has held this position previously at Metrocities Mortgage and Fidelity & Trust Mortgage. He has had over 10 years of mortgage experience.
David Silverman, NFM, Inc.’s CEO, said, “Bobby knows mortgage operations inside and out and has a real handle on what this Company needs to drive towards its vision at the highest level.”
Tyson went to school at Gettysburg College, earning his bachelor of arts in political science. After college Bob joined the Marines as an Officer and during his last tour he was a Company Commanding Officer.
During his time as the EVP of Lending at NFM, Inc., Bob helped build our retail and purchase presence for the east coast. In addition, he has been the driving force behind growing our hedging department. Due to his leadership, we have been able to bring in a very high number of hedged loans per month. With the help of Bob, our new Underwriting department and sales team now have the useful tools such as risk grids to help manage investor guidelines and minimize our risk. Tyson is extremely personable—he often is the go-to person for questions about most of our departments. Even though he is a “numbers guy” he still knows how to put people at ease and make them laugh. He is an incredible asset to our company and we know that with his help we will be able to achieve outstanding profit margins and grow our staff to their fullest potential. We know that Bob is going to be an excellent COO for years to come.
Bob Tyson shares his hopes for 2013: “I want us to continue to add top level talent to the organization. This is key for us in terms of continuing our growth pattern.”
All of us at NFM, Inc. are thrilled to have such a knowledgeable person step into such a critical role.
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