Category Archives: Mortgage Information
NHF Platinum Program
National Homebuyers Fund Platinum Program is a great program to help home buyers with down payment or closing costs. It provides eligible families and individuals with grant funds that never have to be repaid to assist in the … Continue reading
Mortgage Monday: Appraisals No Longer a Secret
Thanks to the Dodd Frank Wall Street Reform and Consumer Protection Act of 2010, home buyers can now receive a copy of their appraisal without having to ask. Prior to January 18, 2014, your … Continue reading
9 must-dos after loan preapproval
While it may seem obvious that you need to keep paying your bills during the period between a loan preapproval and your settlement date, some would-be borrowers neglect their finances in the excitement of shopping for … Continue reading
Still Waiting to Buy a Home?
If you are still waiting on the sidelines to buy a home, why? Interest rates are on the rise as well as home prices in the Seattle, Washington area.
In King County for the zip code … Continue reading
Mortgage rates hit highest point in two years.
According to Freddie Mac, the 30-year mortgage rate hit a two year high in June, jumping 0.22 percentage points to 4.51 percent while the average rate for a 15-year mortgage rose 0.14 percentage … Continue reading
Rising Interest Rates Are Finally Here
I wrote a blog in May of 2013 in which I stated that interest rates were starting to rise. They are on the rise but still at historical lows. On Friday the rates were slightly … Continue reading
Escrow Issues That Could Delay Closing
There are several issues that could delay your closing while your property purchase is in escrow.
1. Month End closings. Buyers are trying to save money on the prepaids that they pay in escrow. With a … Continue reading
The Right Loan: How Much Can You Borrow?
Borrowing money from the bank is not as easy as you may have thought. In many ways, you can not simply walk in and request a loan amount and obtain that unless you … Continue reading
Rates Drop Slightly
Mortgage rates for this morning April 1, 2013 are at 3.625%. No, this is not an April Fool joke. The rate for a 30-year conventional loan under $417,000 is 3.625%. Prices on homes are going up and inventory … Continue reading
Mortgages Rates up on Positive Jobs Report.
Well it couldn't last forever. Mortgage rates are starting to rise and this is only the begining.
Are Tax Credits For Homeowners in Jeopardy?
There has been a lot of talk lately about the “fiscal cliff” and what it could mean for homeowners. One of the tax credits on the table is the homeowners’ mortgage interest tax credit, … Continue reading
Tax Deduction For Home Owners
When you purchase a home the interest you pay on the home loan can be deducted from your taxes. This is probably the single largest tax deduction for a home owner. You will need to itemize … Continue reading
Rates Are Remaining Low
Mortgage rates are continuing the trend of remaining low. Today at Windermere Mortgage in Burien, Washington, the rate for a thirty-year-fixed loan of $417,000 or lower is 3.375%. Inventory levels are starting to rise along with prices. … Continue reading
Interest Rates Still Low.
Interest rates for a 30 year loan are at 3.5% today September 4, 2012. For those of you who are waiting for the rates to get to the lowest point they have been in 40 years, your … Continue reading