Happy Thanksgiving!

Author: Terra  //  Category: Real Estate

Thanksgiving! What is  the first thing that pops in your mind when you hear this word? Most of us think of fabulous food: turkey, dressing, cranberry sauce, pecan and pumpkin pies! Then when we think a little more deeply we think of all the many things we need to give thanks for. When we count our many blessings and name them one by one we come up with some great lists. The Red Team puts God at the top of the list, family, friends, health, and our careers are a few that we all are grateful to have. In our family we always try to go around the table and try to pick one specific thing that we can share that no one else has said yet. We have had contests to see who can come up with the longest list in 15 minutes. In the past year we had nine of us on a group text that each takes a month and texts each daily with a topic of thankful suggestions. This is really interesting and can be really thought provoking and can get pretty silly!
One day one of us said to give thanks for something every single time you get a drink or go to the bathroom! Another example was that once the leader asked us to do a voice recording thanking God for the first 3 things that come to our mind within the next 10 seconds! Not much to ask when we have 64,000 seconds in our day. It only takes three seconds or less to come up with one thankful item so surely you can take less than one minute to thank God for three things each day.. This thankfulness habit begins to change us little by little.

My favorite devotional book,
Jesus Calling,talked about this subject this week. It said if you give thanks for everything regardless of your feelings then He will give you joy regardless of your circumstances.
Shifting our focus will change our attitudes!

One of the best ways to bring joy to us is to serve others. During this time of the year we have more than enough opportunities to reach out with a helping hand. Just this past week my church wrote letters of thanks to the teachers of an elementary school we adopted and filled hundreds of shoe boxes with
Christmas gifts for kids in Croatia. Then last night hundreds of International people came to our church for the annual Thanksgiving dinner. At our table, we had seven OC students, six of which were from Africa and one from  Portugal. They really enjoyed their Thanksgiving feast. Today Keller Williams  gave back to the community through The Hope Center. We walked there  and had a truck full of canned goods for their pantry! Another realtor posted on Facebook the need for Foster Kids and their wish lists.  If you want to be of service, you don’t need to look far!
Remember a grateful heart is a happy heart!

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We Are Thankful

Author: Terra  //  Category: Just for Fun, Lending, Miscellaneous, Real Estate

Thanksgiving Contest - What Are You Thankful For?

We are thankful! We are thankful for our faith, families, clients, health and good food just to name a few. We challenge you to write down at least 5 things you are thankful for, because there is always always ALWAYS something to be thankful for! We hope you get to spend this beautiful Thanksgiving week with the people that you love. Here are a couple encouraging quotes to remind you to be thankful.












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Last minute activity options for Thanksgiving week!

Author: Terra  //  Category: Just for Fun, Miscellaneous, Real Estate

Here are just a few of the activities going on around the Edmond and Oklahoma City Metro area this week! If you can not find something to do, need some exercise, need a FREE meal or want to go shopping, here are some fun options!

November 24 & 25

  • The Jazz Rep. Combo 2 will perform at the UCO Jazz Lab at 7PM. Tickets are $10. For more information call #405-259-7989.

November 26

  • FREE day at the Oklahoma City Zoo (2000 Remington Pl) offers free admission to all Zoo guests in celebration of Thanksgiving. 9am-5pm. 424-3344, www.okczoo.com

November 27

  • You can volunteer to help or request a FREE lunch to be delivered by Memorial Road Church of Christ. Go to to http://www.mrcc.org/news-and-events/thanksgiving-day-in-the-city for more information!
  • The Edmond Community Center will serve Thanksgiving lunch from 11AM-3PM at the UCO Ballroom in the Nigh University Center on UCO campus. The event is FREE!
  • Edmond Turkey Trot is one mile or a 5k in downtown Edmond. Go to www.edmondturkeytrot.com for more information.
  • OKC Turkey Trot is at Stars & Stripes Park located at 3701 S Lake Hefner Drive.  There is a 5K and a Fun Run to benefit the Eagle Ridge Institute. Go to  www.eagleridgeinstitute.com for for more information.

November 28-January 4

  • Edmond Outdoor Ice Skating Rink at Mitch Park for $8 a person from 12PM-10PM daily. Go to www.edmondoutdooricerink.com for more information.

November 28 & 29

  • Brian Gorrell & Jazz Company(28) plus Big G(29) are playing at the UCO Jazz Lab . Go to www.ucojazzlab.com for more information.

November 29

Below is a list of activities I found on the OKC Metro Family website that sound fun for the weekend, too! For more details go to www.metrofamilymagazine.com.

Holiday Activities and Events Happening Thanksgiving Weekend in OKC

FREE SandRidge Tree Lighting Festival at Chickasaw Bricktown Ballpark (2 S Mickey Mantle Dr) features live music, complimentary popcorn, cookies and face painting. Mayor Cornett will light the Bricktown Christmas tree for the season. Friday, 5-7pm. 235-3500, www.downtownindecember.com

FREE Holiday River Parade at the Boathouse District (725 S Lincoln Blvd) features a Christmas parade on the Oklahoma River. An appearance by Santa will be followed by a fireworks show. Friday, 6-8pm. 231-0912, www.okcparade.com

FREE Cowboy Christmas Tree Lighting Ceremony at Stockyards City Main Street (1305 S Agnew) kicks off a whole weekend of holiday fun with a tree lighting, holiday music, candy for children and photos with Santa. Friday, 5:30pm; Satuday, 10am. 235-7267, http://stockyardscity.publishpath.com/

FREE Cleveland County Craft Show at the Cleveland County Fairgrounds (615 E Robinson St, Norman) features home decor, handmade and seasonal goods from more than 90 local crafters. Friday, 4-8pm; Saturday, 9am-4pm. 360-4721, www.clevelandcountyfair.org

FREE Saturdays with Santa at Myriad Botanical Garden (301 W Reno) invites children into Santa’s Workshop to create a craft, write a letter to the North Pole, ride Devon’s Polar Express and hear live holiday music. Saturday, 10am-4pm. Also held Dec. 6, 13 & 20. 10am-4pm. 445-7080, myriadgardens.org

FREE Midwest City Holiday Lights Spectacular at Joe B Barnes Regional Park (8700 E. Reno Ave) features more than one million holiday lights and a 118-foot Christmas tree lit with 9,000 bulbs.  Sunday-Thursday, 6-10pm; Friday & Saturday, 6-11pm. 739-1293, www.midwestcityok.org

FREE Santa’s Wonderland at Bass Pro Shops (200 Bass Pro Dr) kicks off Nov 15 with giveaways, crafts and free photos with Santa. The daily event continues through Christmas Eve. Enjoy free photos with Santa weekdays, 3-8pm; Saturday, 10am-8pm; Sunday noon-5pm. 218-5200, www.basspro.com

FREE Christmas in the Park at Chisholm Trail Park (500 W Vandament, Yukon) will be celebrated with a festive light display & Kris Kringle Karnival. Refreshments, live music, pictures with Santa and train rides. Christmas in the Park continues through Dec 31. Sunset-8pm. 350-8937, www.cityofyukonok.gov

FREE Chesapeake Energy Holiday Lights Display at Chesapeake Energy (NW 63rd & Western) features 4.3 million LED lights decorating eight blocks of landscape. Lit nightly from sunset to 7am.

FREE Water Taxi Rides at Bricktown Water Taxi (111 S Mickey Mantle Dr) are offered as part of Downtown in December. All ages welcome. Thursday-Sunday, 6-9:30pm. 218-1000, www.downtownindecember.com

Devon Ice Rink at Myriad Botanical Gardens (201 W Reno) offers ice skating through Downtown in December. $12 per person, includes skate rental. $8 for guests who bring their own skates. $8 per person for groups of 10 or more. Monday-Thursday, 3-9pm; Friday, 3-11pm; Saturday & Sunday,11am-7pm. www.downtownindecember.com

A Territorial Christmas Celebration in Downtown Guthrie (212 W Oklahoma) features a parade, Victorian Christmas celebrations, historic home tours and theater performances of “A Territorial Christmas Carol.” Free lighted Christmas parade at dusk on Nov 29. For schedule and information, see website. 282-1947, www.guthriesterritorialchristmas.com

FREE Pop-Up Shops in Midtown (10th & Hudson) features 35 local shops set up with holiday goods and gifts in geodesic domes in Midtown. Accompanied by the Bishop John Carroll School Christmas Tree lot. Thursday-Saturday, 10am-9pm; Sunday, 10am-6pm. www.okcpopups.com

Winter Shoppes at Myriad Gardens (301 W Reno) features boutique-style vendors set up among the beautiful holiday decorations in the gardens. 11am-6pm Nov 28-30, Dec  4-7, 11-14 and 18-23. www.wintershoppes.com

Edmond Holiday Ice Skating at Mitch Park (1501 W Covell Rd) offers ice skating, holiday music and food concessions. $10 for two-hour skate session and skate rental; $7 if you bring your own skates. $5 for ages 5 and under. Daily, noon-10pm. Exceptions: Christmas Day, noon-5pm and New Year’s Eve, noon-11pm. 274-1638, www.edmondoutdooricerink.com

FREE Deluxe Winter Market at Leadership Square (211 N Robinson) offers an opportunity for guests to do their holiday shopping at more than 40 vendor booths. Featuring local and handmade goods, crafts, home decor, art, food and other specialty items. Saturday & Sunday, 11am-6pm. 235-3500, www.downtownindecember.com

“The Oklahoma Nutcracker” at the Nancy O’Brian Center for the Performing Arts (131 S Flood, Norman) is a local tradition presented by the Norman Ballet. $15, $20 and $25. Sunday, 1 & 5 pm. 866-966-1777, www.ticketstorm.com

FREE “The Christmas Movie” at The Gate Church (7700 N Council Rd) is an interactive show to get families in the holiday spirit. Free popcorn. Sunday, 10am. 728-7700, www.thegatechurch.tv




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New listing!!! 13908 Lost Creek Dr Edmond, OK 73013 in Lost Creek

Author: Terra  //  Category: Real Estate


Like to entertain? This home is for you! 4 bed, 3.1 bath, 4 living plus a study, 4569 sq ft and built in 1995. Lush landscaping and circle drive welcome you into this grand home! True entry way with gorgeous chandelier. Gourmet kitchen has  generous counter space, cabinet storage, pantry and built in desk. Master suite has fireplace ,walk in closet, double vanities and gorgeous granite shower. Living areas could be used for entertaining, watching movies, hobbies or exercising! Spacious patio and yard plus oversized 4 car garage! Don’t miss out!

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Open House Sunday 2-4pm!

Author: Terra  //  Category: Just for Fun, Lending, Miscellaneous, Real Estate

belle flyer

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Just like NEW!! Edmond Home $159,777

Author: Terra  //  Category: Just for Fun, Lending, Miscellaneous, Real Estate

stag flyer

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Mortage Memo: Rental Income by Taylor Ortiz with Spirit Mortgage

Author: Terra  //  Category: Lending, Real Estate

Weekly Mortgage Memo

Today’s Topic: Rental Income


Sometimes our clients want to rent their primary residence and buy a new home.  They generally

assume they can count the rental income to offset their mortgage payment.  That was the case

prior to 2008 but since then it’s gotten much tougher.  If they can’t count the rental income it

can be tough on the ole’ debt to income ratio (DTI) for our client to have two house payments

counted against them. Here then is the matrix (imagine that) of what has to happen for our

client to count future rental income from their current residence.


        Loan Type            Documented equity in                Result                   Reserve Requirement

                                     their existing property

Fannie/Freddie (Conventional) Less than 30% No Rental Income Counted. 6 months payments on both homes.
30% or Greater 75% of rental income can be used. 2 months payments on both homes.
FHA Less than 25% No Rental Income Counted. No requirements
25% or More 75% of rental income can be used. No requirements
Veterans Administration No requirement 75% of rental income can be used No requirements
HUD184 (Native American) 25% equity Can’t use rental income.  Qualify with both payments and document previous home rented. No Requirements
USDA – Rural Dev Nothing documented but they really frown on this.
  • Reserve Requirements
Liquid assets.  Checking, savings, stocks, bonds and retirement accounts. 
  • Documented Equity
Generally speaking this is either 1)appraisal or 2) price they purchased the home.
  • FHA Exception
If the borrower is relocating or being transferred by their current employer FHA will accept rental income from home their leaving without any equity requirements.


Info provided by Tom Davies

Markets Rates Equities (stocks) Commodities
Last Week 4 Dow Jones Industrial 17,573 Oil 78.65
Today 4 Devon 65.03 Natural Gas 4.41
FHA Today 3.75 Chesapeake 23.41 Gold 1,178


Taylor Ortiz
Mortgage Loan Officer

Edmond Mortgage
2575 S Kelley Pointe Parkway Suite #180,
Edmond, OK 73013
Office phone: 405-513-7805
Mobile phone: 405-509-1064
NMLS# 449866

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Thank a Veteran Today

Author: Terra  //  Category: Just for Fun, Lending, Miscellaneous, Real Estate

We Americans should never forget the sacrifices veterans made to protect our way of life.  Thank you to all the veterans that have served our country and protected our freedoms. We will forever be thankful! Happy Veterans Day!


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Open House Sunday 2-4pm

Author: Terra  //  Category: Just for Fun, Lending, Miscellaneous, Real Estate

edgewood blog

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Are you going to Mistletoe Market?

Author: Terra  //  Category: Just for Fun, Lending, Miscellaneous, Real Estate

Have you ever been to Mistletoe Market? If you haven’t, you have been missing out! Shop more than 100 select, unique merchants at this highly anticipated event, benefiting community projects of the Junior League of Oklahoma City. You will not be disappointed!

On-line sales for general admission tickets have closed but tickets can always be purchased at the door.  You can stop by the Junior League office Monday – Friday between 9 and 2 to purchase your tickets at 1001 N.W. Grand Blvd. Oklahoma City, OK 73118 Phone (405) 843-5668.

Wednesday, November 5 – Preview Party
6-10pm – $50 per person
Tickets can still be purchased on-line here or by calling our office.

Breakfast with Santa – please call 405-843-5668 for availability.

General Shopping Hours:
Thursday, November 6 – 9am to 8pm
Friday, November 7 – 9am to 8pm
Saturday, November 8 – 10am to 5pm

General Admission tickets are $8 per person and $5 for seniors over 65 and children between the ages of 3-12.

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