My Seattle Kitchen Remodel: Flooring

Probably one of the toughest decisions we had to make, next to the counter-tops, was what to do with our flooring. We had a wood floor with a beautiful painted surface. Unfortunately, it was a real challenge to keep it clean and the paint was wearing off. Plus the lighter blond finish didn’t really go with our cabinets.

We were tempted to go with a tile finish but we overall really like the warmth of wood flooring.

Our ol’ kitchen before the remodel.

We have a large, flat coated retriever and our new neighbors have one too (which means we basically have two dogs hanging out in the kitchen). Not to mention, I’m a messy cook – our kitchen gets a lot of lovin’ wear and tear.

Admittedly, we let our floors get pretty bad knowing that we were planning on having them refinished. Below is an area in the living room which gets a lot of traffic.

Jett and Hitch hanging out in the kitchen… where else?

So we decided to refinish our kitchen (and living room) wood floors. I’m not a fan of all the chemicals and waiting that goes along with a traditional Swedish finish. I was pretty pleased when I learned about plan based wax finishes, like Rubio Monocoat.

We hired the pros Dallas Watson Flooring in Seattle to refinish the floors and apply the wax. We were able to stay in our home that night. No stinky fumes! I also like that we can repair scratches on our own (which we do have thanks to our Hitch). And I personally prefer the mat finish over the high shine for our home.

What really prompted me to write about the floors is that today I pulled out the carpet to do a deep clean and I’m just so impressed with how they’re holding up after our abuse.

Kitchen floor after a little over 2 years.

By the way, if you’re considering remodeling your home located in anywhere in Washington state, we have several mortgage programs that may be helpful for you! I’m happy to review your available options for financing.

Major recording issues in King County

If you are closing on a refinance or home purchase in King County, you need to be aware of an issue going on with the recorders office. It’s my understanding that on Tuesday, title companies received this message:

“Hello Everyone,

I wanted to update you and keep you aware of a technical issue we are experiencing in the King County Recorder’s Office. We are having substantial problems with our recording system which is causing slow downs and interruptions to service in all aspects of the recording process. Our software vendor and our IT department are working together to resolve this issue as quickly as possible. While the problem persists we may not be able to meet our commitment to providing same day service even for those packages received before cutoff. We will work hard to ensure that all items are recorded either after hours or first thing the next day.

My apologies for the inconvenience on this. I know that this is a busy time for everyone and we are doing all we can to resolve it quickly.

Today, I’m told that King County’s recorders office closed at 5pm stranding hundreds of transactions from recording.”

If your transaction, refinance or purchase, does not “record” then it’s not of public record. Hopefully people can be flexible and nobody is seriously financially damaged by what’s going on with King County.

Hat tip to Lorie Cantu Wiest of Fidelity National Title Insurance Company.

 

Mortgage Rates Drop Lower

20190627pmmsFreddie Mac released their weekly mortgage rate update, Prime Mortgage Market Survey, which illustrates just how low mortgage rates have dropped recently.

Mortgage interest rates are at their lowest levels since November 2016. From Freddie Mac’s Chief Economist, Sam Khater:

“While the industrial and trade related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already being felt in the housing market. Through late June, home purchase applications improved by five percentage points compared to the previous month. In the near-term, we expect the housing market to continue to improve from both a sales and price perspective.”

Homeowners with rates in the mid-4’s or higher and those with FHA or private mortgage insurance have been taking advantage of the economic situation and refinancing into lower mortgage payments. Mortgage rates are based on mortgage backed securities (bonds) and change throughout the day. Should the trade tensions ease, we will likely see mortgage rates quickly bounce back up… not that they were “high” before… they just weren’t this LOW!

So…if you would like to drop your mortgage payment, you need to be able to LOCK in the current low interest rates. That means starting a loan application or getting a detailed rate quote scenario to see if refinancing makes sense.

If your home is located anywhere in Washington state, where I’m licensed, I am happy to help you with your refi or home purchase.

Freddie Mac Home Possible reduces income limits

Freddie Mac has announced changes to their Home Possible mortgage program. Freddie Mac’s Home Possible and Fannie Mae’s Home Ready mortgage programs offers competitive pricing with interest rates and reduced private mortgage insurance premiums for home buyers. [Read more…]

30 Year Fixed Mortgage Rate nears Two Year Low

Freddie Mac’s headline today from their PMMS (Primary Mortgage Market Survey) announced the mortgage rates are near two year lows.

The low rates are largely due to the ongoing trade wars. Should things simmer down, we could see mortgage rates return to a more “normal” range… in the meantime, savvy home owners are taking advantage of this opportunity to refinance into a lower mortgage rate.

It’s not just home owners who are benefiting from the current low mortgage rates. Home buyers are able to lock in a lower mortgage payment or qualify for a higher loan amount thanks to the the historically low mortgage interest rates.

If you are considering or considering refinancing a home in Renton, Redmond, Ravensdale or anywhere in Washington state, where I am licensed, I am happy to help you! Click here for a no hassle mortgage rate quote for your personal scenario for your Washington home.

It could be time to refi!

Mwordswag_1559588346141ortgage rates for a 30 year fixed conventional mortgage are back to very low levels. This is largely due to current global concerns which may create a opportunity of opportunity for those who may benefit from a refinance.

It may make sense for you to refi if: [Read more…]

How to determine what home price you qualify for

It used to be that people would say that you can qualify to buy a home three times your annual salary…this is actually not really the case. When qualifying to buy a home (i.e. get a mortgage) lenders consider your income, monthly debts and the amount of funds you have for down payment and closing cost. [Read more…]

Honoring our Hometown Heroes

Rhonda_Hometown HeroMortgage Master Service Corporation recently started a program to honor our local heroes. We are now offering a $625 credit towards closing cost for a home purchase or refinance when we provide the mortgage.

Mortgage Master Service Corporation’s Hometown Heroes program is available for:

  • Police Officers
  • Firefighters and EMTs
  • Doctors and Nurses
  • Teachers
  • Military

We thank our heroes for taking care of our community and hope we can take care of you with your mortgage needs.  Please feel free to share this! I’m am honored to help you with any home purchase or refi on homes located in Washington state.

Note: This program cannot be combined with any WSHFC program. Program and pricing subject to change.