FHA home loan financing will be more expensive for all Seattle home buyers and owners starting April 2012. Review the changes to prevent increased costs now.
FHA Home Loans Insurance Premium Increase April 2012
Washington State FHA County Loan Limit Increase 2011 – 2012
FHA has re-instated the loan limits that previously existed in 2011 and has extended the loan limit increase till the end of 2012.
Tip of the Day – JUMBO Financing
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 […]
Ten Tax Tips for Relocating for a New Job
Move must be closely related to start of work – Generally you can consider moving expenses incurred within one year from the day you first reported to a new location, as closely related in time to the start of work. Distance Test – Your move meets the distance test if your new main job location […]
Prepare to Refinance or Purchase Real Estate at Low Mortgage Rates
Purchasing or Refinancing Seattle Home Real Estate is a simple process with preparation. Allow the Mortgage Reel to educate you on the basics to streamline the financing process.
Are you Refinancing with Bank of America?
We recently were told Bank of America is taking 4 months to close a refinance transaction. That is a long time to start saving money when it should take 30 – 45 days or less depending on your financial scenario.
Reduced Government VA Funding Fee Starting October 2011
Veteran Affairs (VA) Home Loans received an improvement for loans closing on October 1, 2011.
Seattle Real Estate Mortgage Rates Today 7/28/11 + “Tip of the Day”
Seattle Real Estate Mortgage Rates Today 7/28/11 + “Tip of the Day”: Alert to current and future homeowners. The temporary loan limit increase is set to expire on September 30, 2011. How does this impact me? In today’s market you are able to purchase a home with as little as 5% down with a conventional […]
Seattle Real Estate Mortgage Rates Today 5/25/11 + “Tip of the Day”
Seattle Real Estate Mortgage Rates Today 5/25/11 + “Tip of the Day”: The 5 Year note auction today received an “A” Rating which helped the mortgage market stabilize from some early market losses. Today rates are flat comparing to yesterday. Tomorrow will bring another round of auctions plus some economic data that may stir up […]
Seattle Real Estate Mortgage Rates Today 5/24/11 + “Tip of the Day”
Seattle Real Estate Mortgage Rates Today 5/24/11 + “Tip of the Day”: Bonds receive a B+ grade after auctions of $35 Billion in 2 year notes. This is helping to pressure interest rates lower gaining ground lost in yesterdays trading. New Home Sales reported better than market expectations, but still facing headwind of the never […]