USDA home loans are 100% financed back by the Government. Under the terms, the borrower may borrow up to 100% of the appraised value of the home, which can possibly eliminate the need for a down payment.
Buying A Home In Seattle? Increase Your Purchase & Savings Power Today!
The Seattle Real Estate market has aggressively priced homes and interest rates have recently dropped. Now is the time to buy a new home! Take advantage of a great long term home loan and a great low price.
Do You Have A 2nd Mortgage?
Banks are restructuring 2nd mortgages (Home Equity Line of Credit – HELOC) for current home owners in Washington. A decrease in home values in certain cities has the banks decreasing the available credit on HELOCS. Depending on your goal for the HELOC, take action before the bank does.
Real Estate Commissions & Home Inspections
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.
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.
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.
The Importance Of Making Your Mortgage Payment
Many consumers are financially tight. The question consumers are faced with is, what do I pay first? Credit cards, auto loans, or my home loan.
Interest Rate Scenario
Interest Rate scenarios based on current rates for a primary home purchase or primary home refinance.
Mortgage Glossary
Important mortgage terms and definitions to understand.