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Holiday Soiree and Treehouse Toy Drive

In Awards, Community Awareness, Financial Literacy, Professional Networking Events, Toy Drive, UFSC-PS Members, Uncategorized on November 30, 2016 at 5:21 pm

President and CEO Laura Lee Stewart Speaks

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We are graced this year to co-host the 9th Annual Holiday Soiree & Treehouse Toy Drive at Sound Community Bank downtown branch managed by our corporate member Maria Carbullido.  The President and CEO Laura Stewart of Sound Community Bank is our featured speaker. Meet Laura at https://www.soundcb.com/about-us/meet-our-team/leadership-team.html.

Students are welcome to come and learn about entry level careers and how to start banking relations at Sound Community Bank. Bring a Toy and Share in the Joy!  All toys (minimum $20) are donated to Treehouse Foster Kid Community. Please review and confirm your attendance and register at https://www.eventbrite.com/e/holiday-soiree-and-treehousetoy-drive-tickets-29339986690.

Each year we recognize community leaders that enable us to carry out the mission of the Urban Financial Services Coalition.  This year’s award is going to two outstanding educators (Assistant Principal Cindy Nash and Teacher Courtney Strash) that enabled us to implement financial education in Washington’s K-12 public schools, specifically at Middle College High School Northgate campus.

Happy Holidays,
From the Founders:  Lizzie L. Evans, Ajay Grewal, Andrew Ghim
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VA Home Loan – $0 Down

In Community Awareness, Economic Empowerment, Financial Literacy, Veterans Affairs on November 1, 2016 at 11:59 pm

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Join us for a complimentary reception in the Holland America Dining Room at the World Trade Center Seattle with hors d’oeuvres and a FREE workshop for Active Duty Military Personnel and Veterans with ID. See the va_event flyer for details.  Register to attend at http://www.eventbrite.com/e/va-home-loan-0-down-tickets-28627918876.

“Since 1944, the Veteran Affairs (VA) has backed over 22 million home loans for Veterans and their families.  The program provides a guaranty for mortgage loans made by private lenders to eligible Veterans.  The guaranty backing effectively eliminates the need for a down payment, helping Veterans afford home ownership.  No other major no-down mortgage program exists in the market today, and typically around 90% of VA loans are obtained with no down payment.  As of September 30, we reached the milestone of over 700,000 home loans guaranteed for the fiscal year 2016.   That 700,000+ figure is the most home loans guaranteed in one fiscal year in the history of the program.

VA continues to modernize the program, reducing time spent in the loan approval process while also improving the accuracy of benefit delivery, Veteran outreach and communication. These improvements have allowed VA to maximize opportunities to promote the attractiveness of the program to lenders, builders, real estate agents and most importantly to our active duty Servicemembers, Veterans, and surviving spouses.

The VA Home Loan program benefit is not a one-time benefit– it’s reusable.  VA loans can be obtained for up to the full appraised value of the home (100% loan-to-value).  In addition, there is the potential for these loans to include up to $6,000 towards improvements for energy efficiency, AND the loan funding fee can be rolled right into the loan balance.  VA waives that funding fee for Veterans who receive VA compensation benefits, those who are service-connected disabled, but serving on active-duty, or those drawing retirement pay. Some surviving spouses are also exempt from the funding fee.

We are proud to say that our VA Home Loan program can also help Veterans who are current homeowners.  Many borrowers are now looking to take advantage of historically low interest rates to refinance their homes.  Just 5 years ago, the average interest rate for a 30-year fixed mortgage was 6%; today that same rate is around 3.5%.  Veterans can reuse their VA benefit to streamline refinance an existing VA loan, often with no money out of pocket.  On these streamline refinance loans, VA requires no appraisal and no credit underwriting, which can be of great assistance to Veterans who may have suffered a minor credit setback, or whose home values may have declined during these past few years.  Last year, a streamline refinance decreased the average Veteran’s interest rate 1.4%, and saved $202 a month in mortgage payments.  Cumulatively, our Veteran borrowers saved over $300M last year!

For Veterans with FHA or conventional loans, VA can also assist with the ‘regular’ refinance program.  Since VA does not charge borrowers upfront or monthly mortgage insurance premiums, refinancing from an FHA loan into a VA loan can save Veteran borrowers a significant amount of money.

We encourage Veterans to seek the advice of a financial professional to determine what mortgage decisions are in their best interest.  Join us at the upcoming workshop for veterans and active duty military personnel.  Mortgage lender Dave Haley of Fairway Independent Mortgage Corporation to learn how to apply for your next home. Realtor and Principle Manager Peter Badgett of Urban Properties will provide links to some of the most ideal properties on the market for sale.  Alex Collins and Steven Jewell, well-qualified financial experts at Quantified Wealth Advisors will provide insight on the importance of mortgage insurance.

In addition, VA stands ready to assist Veterans who have already obtained a VA home loan.  If you already have a VA loan and are facing financial difficulty, please call to speak to VA loan representatives at 877-827-3702.  In FY16, of all loans that defaulted, 84% were saved from foreclosure.

Veterans may obtain a Certificate of Eligibility for their Home Loan Guaranty benefit online through eBenefits or through their lender:https://www.ebenefits.va.gov/ebenefits/homepage

Learn more about Interest Rate Reduction Refinance (IRRRL) streamline refinance loans (on VA’s website here:  http://www.benefits.va.gov/HOMELOANS/irrrl.asp).

VA information specific to the Home Loan Guaranty Funding Fees is here:

http://www.benefits.va.gov/HOMELOANS/purchaseco_loan_fee.asp

Information on the VA Home Loan Guaranty, directly from the Department of Veterans Affairs, is available at eBenefits.  Key program facts can be found here:  http://www.benefits.va.gov/homeloans/  “

Curtis L. Coy

Deputy Under Secretary for Economic Opportunity

Veterans Benefits Administration

U.S. Department of Veterans Affairs

Washington, DC 20420

VA Core Values:  Integrity, Commitment, Advocacy, Respect, Excellence (“I CARE”)

Meet the 3rd Annual Charity Golf Classic Tournament Coordinator Janeth Talty

In Fundraiser, Golf, UFSC on August 9, 2016 at 10:14 pm

Janeth Talty is joining the Financial Services Coalition-Puget Sound Charitable Foundation as Tournament Coordinator for UFSC-PS Chapter’s  3rd Annual Charity Golf Classic. Janeth Talty believes in community service and diversity of cultures. She is an active volunteer for the King County Health Care Fair as a Spanish medical interpreter and active at her church; St. Matthew and Christ the King.  She is a graduate and works at the University of Washington.  She has experience as an active chair/volunteer fundraiser for schools like golf tournaments, school dances and social gatherings.  She is married and has two daughters; one that attends Seattle Preparatory High School and a college student that attends Santa Clara University.

“The financial benefit of this tournament day parallels with the excitement viewed in youth  lives when they are engaged in a mentorship program or supported by a college scholarship provided through UFSC-PS Chapter scholarship & mentoring programs, “ states Fund Development Director Carl Silverberg.  The 3rd Annual UFSC Charity Golf Tournament will be rewarding.  Refreshingly different from the typical charity golf outings, this nine hole, par 3 event features a brand new 2016 ATS Cadillac hole-in-one prize sponsored by Doug’s NorthWest Cadillac of Shoreline and closest to the pin on every hole with a $100,000 Cash Shootout sponsored by the National Charity Golf Association.  And with the selection of the Links at Interbay as the venue for this premier tournament, expect excitement, fun and reward.”

A special guest appearance by Superior Court Judge Dave Larson will be held at Hole 1 as he Tee Off the tournament at 3:00 p.m.  Surprise celebrity appearances are also expected at this memorable event.  If you don’t play golf, feel free to join us on the patio at the BBQ Awards dinner for just $25. Register today while we still have seats and tee times at ufscpsgolf.com. All registered golfers will receive goody bags, compliments of Doug’s NorthWest Cadillac.

“The August 13th event will continue to move more “at risk” students forward and transform lives,” states Executive Director Lizzie Evans. We donate 75% of the profits to our youth education scholarship fund.  This fall we are awarding three college bound students and we appreciate all of your support whether it’s golfing, auction bidding, or buying raffle tickets.  Thanks to our event sponsors:  Coldwell Banker Bain-Karen Abbey, LA Fitness, Hard Rock Café, The Rock, Paddy Coynes, Trader Joe’s, Ivars, Nordstrom, Puetz Golf, Athletic Awards, The Garage, World Trade Center Regus, Dixon Golf, Winspire, eEnterprises International LLC, World Trade Center Seattle, Microsoft, Tommy Bahama, Sound Community Bank, FSC-PS CF Founder Ajay Grewal, and more to come.

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