Creative Cuisine
Perfect Prime Rib
This is a foolproof way to make a PERFECT prime rib. Paramount to this venture is that you follow the directions to the tee.
- 1 standing rib roast of either prime or choice quality (size will depend on the number of guests – consult your butcher on this)
- Herbs d’ Provence
- Extra virgin olive oil
- Kosher salt and freshly ground black pepper
In a bowl, mix together the ingredients for the marinade. Allow the rib roast to come to room temperature. In order to make it happen with a piece of meat this size, you must take it out of the refrigerator from the moment you wake up the morning of.
Preheat oven to 375 degrees.
Brush the top of the roast with olive oil and season with salt, pepper and Herbs d’ Provence.
Put roast in oven and leave alone for one hour.
At the end of the hour turn off heat but DO NOT OPEN THE OVEN DOOR.
When guests arrive or whenever it’s appropriate, turn the oven back on to 375 degrees. From the time you turn oven back on, roast 35 minutes for rare, 40 minutes for medium rare, 45 minutes for medium and 50 minutes for well done.
Note: the roast must sit for at least 2 hours before turning the oven back on. It can, however, sit longer.
Allow roast to rest for 15-20 minutes before serving.
by
Lisa Warren
Southlake Branch Manager
Silver Oak Mortgage
Phone: (817) 410-2518
Fax: (817) 410-2519
lwarren@somlp.com
www.silveroakmortgagelp.com
Monday, November 24, 2008
Saturday, November 22, 2008
DATES TO REMEMBER
Holiday Happenings in the area.....
Nov. 14 - Jan. 3 - ICE! and Lone Star Christmas (Grapevine)
Nov. 22 - Jan. 4 - The Trains at North Park (Dallas)
Nov. 28 - Jan. 4 - Holiday in the Park (Six Flags in Arlington)
Saturday, Nov. 22 - 3:00 to 9:00 pm
Home For the Holidays (Southlake Town Square)
Tree lighting at 6:30 pm
Saturday, Nov. 22 - 24 - www.SouthlakeFestivalofTrees.com
Friday, Nov. 28 - FW Sundance Square
2:00 to 5:30 pm - Holiday Fun Zone
6:00 to 8:00 pm - Parade of Lights and Tree Lighting
Nov. 29 - Dec. 21 - Snowflakes, Sugarplums, and SANTA! (Fort Worth)
Saturday, Nov. 29 - 6:00 to 8:00 pm
Hurst Annual Tree Lighting Spectacular
Monday, Dec. 1 - 7:00 pm
Historic downtown Grapevine Carol of Lights
Thursday, Dec. 4 - 7:00 pm
Historic downtown Grapevine Parade of Lights
Friday, Dec. 5 - 6:00 to 9:30 pm
Holly Days at Keller Town Center
Saturday, Dec. 6 - 10:00 am
Neiman Marcus Adolphus Children’s Parade Dallas
Saturday, Dec. 6 - 4:00 to 8:00 pm
NRH Night of Holiday Magic at NRH20 Family Waterpark
Saturday, Dec. 6 - dusk
Twinkle Light Parade on Grapevine Lake
Happy Holidays!!!
Friday, November 14, 2008
Foreclosure Prevention
The two secondary-mortgage-market companies are well aware of the market pain and are taking a number of steps to provide relief, particularly to prevent foreclosures.
Among other things, Freddie Mac is allowing lenders to modify their at-risk loans into 40-year, lower interest-rate mortgages and to reduce borrowers' burdens by permitting them to roll up to six months of missed payments into what amounts to an unsecured second loan. The two companies are also ramping up their staff and adjusting compensation so their internal structure better matches the size and complexity of the processing demand they face.
What’s more, to help facilitate short sales, Lockhart’s agency will be releasing a large-scale, streamlined, standardized process for expediting short sales, which he said will give lenders flexibility and tools like principal forbearance that they can’t easily use right now.
But Lockhart made it clear that the bulk of the problem isn’t with Fannie and Freddie loans, but debt in what the financial services industry calls private-label securities, the Wall Street loans, many of them subprime, that are held by investors all over the world.
The streamlined short sale process his agency will be announcing soon—he didn’t give a time line—could go a long way to focusing the minds of lenders on the problem. But ultimately the problem won’t go way until interest rates come down, buyers start streaming back into the market again, and prices firm up, he suggested.
—Robert Freedman
Realtor Magazine
The two secondary-mortgage-market companies are well aware of the market pain and are taking a number of steps to provide relief, particularly to prevent foreclosures.
Among other things, Freddie Mac is allowing lenders to modify their at-risk loans into 40-year, lower interest-rate mortgages and to reduce borrowers' burdens by permitting them to roll up to six months of missed payments into what amounts to an unsecured second loan. The two companies are also ramping up their staff and adjusting compensation so their internal structure better matches the size and complexity of the processing demand they face.
What’s more, to help facilitate short sales, Lockhart’s agency will be releasing a large-scale, streamlined, standardized process for expediting short sales, which he said will give lenders flexibility and tools like principal forbearance that they can’t easily use right now.
But Lockhart made it clear that the bulk of the problem isn’t with Fannie and Freddie loans, but debt in what the financial services industry calls private-label securities, the Wall Street loans, many of them subprime, that are held by investors all over the world.
The streamlined short sale process his agency will be announcing soon—he didn’t give a time line—could go a long way to focusing the minds of lenders on the problem. But ultimately the problem won’t go way until interest rates come down, buyers start streaming back into the market again, and prices firm up, he suggested.
—Robert Freedman
Realtor Magazine
Tuesday, October 28, 2008
Mortgage Loans
URGENT!! Dont let the media spook you!! You do not have to have 20% down to obtain a home loan, we are financing people with a minimum of 3% down and even 0% down on special programs and areas. Right now is the perfect time to buy a home, it is the largest investment you and your family will make. if you do not own a home or are interested in moving to a new one please call us. We can find a program that will best suit your needs.
by:
Silver Oak Mortgage
Lisa Warren
Branch Manager
751 E Southlake Blvd Ste 100
Southlake, TX 76092
office 817-410-2518
fax 817-410-2519
by:
Silver Oak Mortgage
Lisa Warren
Branch Manager
751 E Southlake Blvd Ste 100
Southlake, TX 76092
office 817-410-2518
fax 817-410-2519
Thursday, October 2, 2008
Real Estate Update
Deploy A Strategic Assault On Your Mortgage Application
By Broderick Perkins
Today's volatile housing market demands that home buyers take an exacting, almost surgical approach to completing a mortgage application in order to speed the paperwork through the narrowed arteries of the home loan pipeline. Profusely sweating the details of a mortgage application gives lenders fewer reasons to reject your quest for the American Dream. And the need for speed is crucial if you want to beat today's realty market clock which frequently resets itself.
The real estate market's mortgage credit squeeze tightens one day then eases the next. So there's no room for vagueness or foot dragging when completing a mortgage application. Here are your marching orders.
Tighter underwriting regulations, fewer mortgage options, appraisers trying to keep tabs on value changes, and several recent federal interventions to help cure the housing hangover this year alone, are all conditions that reflect the unsettled nature of a housing market in the throes of correction. Market conditions insist on laser-focused offensive of market monitoring and, when the time is right, fast-as-a-speeding-bullet action. Hesitate at the wrong moment and your mortgage action -- along with your dreams -- could go up is smoke. Case in point: mortgage rates plunged recently just days after the most far-reaching federal effort yet was launched to stem the credit chaos spawned by the housing hangover. That's doesn't mean rates will remain reduced. Control of Freddie Mae and Fannie Mac recently went to the new Federal Housing Finance Agency (FHFA), spawned by the "Housing and Economic Recovery Act of 2008's" statutory merger of the Federal Housing Finance Board (FHFB) and the Office of Federal Housing Enterprise Oversight.
"The full weight of the federal government backing Fannie and Freddie is huge! For the short term, rates have improved to their best levels since 2005. The spread between the larger conforming loans and the loans of $417,000 and less has almost been eliminated," said Quincy Virgilio, president elect of the Santa Clara County Association of Realtors. Virgilio, added "My thoughts are, if you were thinking about buying, it's time to act. I believe we have a short window of opportunity to take advantage of the current lending environment."
Says Virgilio, plain and simple, "For the next few months, it's time to act."
In "How Can You Speed Up the Approval of the Loan?" the Federal Reserve suggests:
- Determine what documentation you'll need to back up any claims you make on your application. Whenever possible have the original copies of the evidence in hand when you complete you application.
- In the past, there's been plenty of time to look for a home or mortgage and its been recommended to shop for a mortgage first and then shop for a home. However, recent evidence suggests, whenever possible, bring a purchase contract for a house when you sit down to complete an application. You may no longer have the luxury of securing purchase money and then looking for a home. Mortgage underwriting terms and the lenders whim could change after you secure credit, while you hunt for a home. Bring a property for sale to the table.
- Secure a rate lock. Once you are approved for a mortgage, secure a written guarantee for an interest rate, points and other terms. The lock can give you an edge by locking in terms, but not necessarily the loan.
- Also bring your bank account numbers, the address of your bank branch and your latest bank statement, plus pay stubs, W-2 forms, or other proof of employment and salary, to help the lender quickly check your finances. Likewise have information about debts, including loan and credit card account numbers and the names and addresses of your creditors.
- If you are self-employed, have a home-based business or work as a contractor, secure balance sheets, tax returns for two-three previous years, and other information about your business.
- Remain available. Don't go on vacation. Respond promptly to your lender's requests for information while your loan is being processed. It is also a good idea to call the lender and real estate agent from time to time to check on the status of your application, and offer to help, contact others such as employers who may need to provide documents and other information for your loan.
- Know your credit report and credit scores. You should have copies of your credit report and credit scores -- one from each of the three credit reporting agencies -- before you apply for a home loan. The only federally-regulated provision for your free credit report is available from AnnualCreditReport.com. You are entitled to one free credit report each year from each of the three major credit reporting agencies, which means you can get three different credit reports each year at no cost.
Copyright 2008 Realty Times
All Rights Reserved.
By Broderick Perkins
Today's volatile housing market demands that home buyers take an exacting, almost surgical approach to completing a mortgage application in order to speed the paperwork through the narrowed arteries of the home loan pipeline. Profusely sweating the details of a mortgage application gives lenders fewer reasons to reject your quest for the American Dream. And the need for speed is crucial if you want to beat today's realty market clock which frequently resets itself.
The real estate market's mortgage credit squeeze tightens one day then eases the next. So there's no room for vagueness or foot dragging when completing a mortgage application. Here are your marching orders.
Tighter underwriting regulations, fewer mortgage options, appraisers trying to keep tabs on value changes, and several recent federal interventions to help cure the housing hangover this year alone, are all conditions that reflect the unsettled nature of a housing market in the throes of correction. Market conditions insist on laser-focused offensive of market monitoring and, when the time is right, fast-as-a-speeding-bullet action. Hesitate at the wrong moment and your mortgage action -- along with your dreams -- could go up is smoke. Case in point: mortgage rates plunged recently just days after the most far-reaching federal effort yet was launched to stem the credit chaos spawned by the housing hangover. That's doesn't mean rates will remain reduced. Control of Freddie Mae and Fannie Mac recently went to the new Federal Housing Finance Agency (FHFA), spawned by the "Housing and Economic Recovery Act of 2008's" statutory merger of the Federal Housing Finance Board (FHFB) and the Office of Federal Housing Enterprise Oversight.
"The full weight of the federal government backing Fannie and Freddie is huge! For the short term, rates have improved to their best levels since 2005. The spread between the larger conforming loans and the loans of $417,000 and less has almost been eliminated," said Quincy Virgilio, president elect of the Santa Clara County Association of Realtors. Virgilio, added "My thoughts are, if you were thinking about buying, it's time to act. I believe we have a short window of opportunity to take advantage of the current lending environment."
Says Virgilio, plain and simple, "For the next few months, it's time to act."
In "How Can You Speed Up the Approval of the Loan?" the Federal Reserve suggests:
- Determine what documentation you'll need to back up any claims you make on your application. Whenever possible have the original copies of the evidence in hand when you complete you application.
- In the past, there's been plenty of time to look for a home or mortgage and its been recommended to shop for a mortgage first and then shop for a home. However, recent evidence suggests, whenever possible, bring a purchase contract for a house when you sit down to complete an application. You may no longer have the luxury of securing purchase money and then looking for a home. Mortgage underwriting terms and the lenders whim could change after you secure credit, while you hunt for a home. Bring a property for sale to the table.
- Secure a rate lock. Once you are approved for a mortgage, secure a written guarantee for an interest rate, points and other terms. The lock can give you an edge by locking in terms, but not necessarily the loan.
- Also bring your bank account numbers, the address of your bank branch and your latest bank statement, plus pay stubs, W-2 forms, or other proof of employment and salary, to help the lender quickly check your finances. Likewise have information about debts, including loan and credit card account numbers and the names and addresses of your creditors.
- If you are self-employed, have a home-based business or work as a contractor, secure balance sheets, tax returns for two-three previous years, and other information about your business.
- Remain available. Don't go on vacation. Respond promptly to your lender's requests for information while your loan is being processed. It is also a good idea to call the lender and real estate agent from time to time to check on the status of your application, and offer to help, contact others such as employers who may need to provide documents and other information for your loan.
- Know your credit report and credit scores. You should have copies of your credit report and credit scores -- one from each of the three credit reporting agencies -- before you apply for a home loan. The only federally-regulated provision for your free credit report is available from AnnualCreditReport.com. You are entitled to one free credit report each year from each of the three major credit reporting agencies, which means you can get three different credit reports each year at no cost.
Copyright 2008 Realty Times
All Rights Reserved.
Wednesday, October 1, 2008
What's At Stake?
What's At Stake?
Pass the Emergency Economic Stability Act
A SUMMARY OF THE PROPOSED ECONOMIC STABILIZATION ACT
Click here:
http://takeaction.realtoractioncenter.com/campaign/eesa/explanation
Pass the Emergency Economic Stability Act
A SUMMARY OF THE PROPOSED ECONOMIC STABILIZATION ACT
Click here:
http://takeaction.realtoractioncenter.com/campaign/eesa/explanation
Scholarships
The City of Frisco is committed to serving the diverse needs of its citizens. The Frisco Parks & Recreation Department has established a Scholarship Program for qualified citizens to participate in City of Frisco recreation programs and special events. Scholarships may not be applied to Frisco Athletic Center memberships. To apply for the Scholarship Program download the application and return it along with all supporting documents to:
City of Frisco Parks & Recreation
Scholarships, Attention – Marcy Jones
6729 Walnut
Frisco, TX 75034
The application deadline for 2008 programs is Friday, August 15 at 5:00 p.m. If you have any questions about the scholarship program, please contact Marcy Jones, Recreation Services Manager at MJones@FriscoTexas.gov or 972-292-6501.
City of Frisco Parks & Recreation
Scholarships, Attention – Marcy Jones
6729 Walnut
Frisco, TX 75034
The application deadline for 2008 programs is Friday, August 15 at 5:00 p.m. If you have any questions about the scholarship program, please contact Marcy Jones, Recreation Services Manager at MJones@FriscoTexas.gov or 972-292-6501.
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