Seattle / Bellevue Home Owner Education 101 – Fannie Mae & Freddie Mac Changes

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? […]

FHA Increases the Annual MIP on April 18, 2011

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 1st Time Home Buyers Given $8,000 For A Down Payment?

For the housing market, it’s the equivalent of financial alchemy, and it’s hot: Turning the $8,000 federal home-purchase tax credit, which normally isn’t spendable until after you’ve gotten your refund, into immediate, hard cash today, available for your down payment and closing costs.