All forecasters I listen to continue to state the challenging market ahead for buyers as rates ease next year. More buyers increasing demand with many owners still not looking to see due to the current rate of their mortgage. Want to have a better understanding of the data supporting this? I would like […]
Seattle real estate buyers need the edge on competition with the current high demand. Ask us about our winning strategies for Seattle home buyers now.
Seattle home loan structures with monthly paid mortgage insurance PMI allow a year end tax deduction based on purchase date and income. You can still purchase a primary home in 2013 to qualify.
Within the past 6 months, credit bureaus have continued to tighten up the guidelines. Some changes may or may not impact you as much but take a moment to educate yourself to maximize your credit potential when you are purchasing or refinancing real estate. Please contact us with specific questions. Don’t pay off old collection […]
We recently received a purchase inquiry from Yelp regarding a Jumbo ($700K-$800K) mortgage product. The buyer learned that many banks/lenders are unable to qualify a borrower with a 15% down payment at that purchase price. Those banks/lenders had many requirements such as minimum down payments of 25% and maintaining minimum assets of 12-24 months of […]
Home Affordable Refinance Program IMPROVEMENTS 10/24/2011 to help Seattle Real EstateFEDERAL HOUSING FINANCE AGENCY: Breaking news that will hopefully help many home owners who were unable to refinance underwater values. With these new changes a homeowner would no longer have a loan to value restriction on their ability to refinance. Lenders currently will not allow […]
Guidelines for both Fannie Mae and Freddie Mac are released for the Home Affordable Refinance Program.
Seattle / Bellevue Home Owner Education 101 – Fannie Mae & Freddie Mac Changes: Buyers, Sellers, Investors and Refinancing all affected by the newest changes just rolled out by Fannie Mae & Freddie Mac. How does this affect you? Can this really cost thousands? How much more will it cost me? Are there other options? […]
To follow the established rules for the required reserve requirement of the Mutual Insurance Fund, FHA will increase the annual mortgage insurance premium (MIP). The increase of .25% (25bp) was announced. To avoid this increase you must have your case number assigned on or before April 14, 2011. FHA recently increased the annual MIP to […]
Seattle Real Estate is one of the few metropolitan cities that have seen a decrease in the number of homes listed for sale. A percentage of these homes sold with today’s historically low mortgage rates and some homeowners have taken homes off the market.
