Home Buyers Education on two frequently asked questions when purchasing real estate in Seattle, Bellevue and greater King County. These questions have been unclear until you enter into the buying process. Who pays for the real estate agents commission? When is the home inspection paid for? Is it part of my closing costs? Find out the answers to these questions by viewing TheMortgageReel education video blog. Please provide feed back or ask questions.
Seattle Mortgage Rates Today, November 28, 2008
On November 25, 2008 Hank Paulson announced treasuries would reinvest in the mortgage back securities. As a home owner or buyer that lowered mortgage rates from about 6% to 5.25% on a 30 year fixed.
Not depression, but “DEFLATION” has recently been announced.” Deflation is not favorable for the current economy but as a home owner the last time we were in a deflation period (2003) we saw mortgage interest rates drop to roughly 4.625% on a 30 year fixed.
It is never to early to plan and structure your financing to be prepared to refinance when the time comes.
As a Seattle Homeowner Do You Need a Loan Modification?
Nationwide home loan modification will start on December 15, 2008. Be prepared and start early to qualify.
Seattle Mortgage Rates Today, November 21, 2008
The Big Three auto makers future is at stake, what happened to the mortgage world through all of this?
Do you pay homeowners association dues??
Your homeowners association can lose money if a neighbor goes into foreclosure. Find out how this can potentially impact you and if the homeowners association will require you to pay more.
Seattle Mortgage Rates Today, November 14, 2008
What happened for the week for November 14th and how did it affect your mortgage? With the initial talks the mortgage rates have the potential to drop to the low 5% or the 4% range to spark a refinance boom.
How and What Improves your Credit Score
Today’s stricter program guidelines don’t have to be a dead end for credit challenged borrowers. The Mortgage Reel has provided education and basic guidelines that can raise those scores. Having the right tools can quickly and legitimately raise your credit score to help qualify you for a better loan program.
Buyers turn to FHA for financing options
FHA home loans are gaining more popularity with first time home buyers and repeat buyers. Low credit scores, 3% down payment, and the security of a long term fixed rate appeals to all buyers in today’s market.
Seattle Real Estate Most Likely to Rebound, WHY?
What signals and positive attributes make Seattle rated the #1 market for recovery?
Seattle Mortgage Rates Today, November 7, 2008
Weekly Recap for November 7, 2008, a new president, another wild ride on wall street, major changes from Fannie Mae and Freddie Mac, loan limits increased…… What does this mean for you?