2024 Mortgage Rate and Real Estate Forecast

January 30, 2024 by Leave a Comment


Spoiler alert! I (along with many others) predict that mortgage rates will be below 6% by the end of this year and that we’re going to see a very competitive housing market due to the lack of inventory. I don’t believe we will see home prices come down or a “correction” with home prices. It is so important to make sure that you are fully approved and have your offer structured correctly when you’re ready to buy a home.

Please check out my video for more information and reach out to me if you would like to create a strategy for purchasing your next home!

Filed Under: Economy, Mortgage, Real Estate, Seattle, Video Tagged With: , ,

Super Fast Closings for Homebuyers

February 8, 2023 by Leave a Comment

Fast Closings Great Service Mortgage LenderI have been with New American Funding for three months now and have had the pleasure of helping clients with their home purchase and refinancing mortgages. I have been very impressed with how fast we are able to close without sacrificing service. [Read more…]

Filed Under: Mortgage, Real Estate Agents, Refinance Tagged With: , ,

Honoring our Hometown Heroes

May 21, 2019 by Leave a Comment

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.

 

Filed Under: Closing Cost, Mortgage, People, Uncategorized Tagged With: , , ,

Mortgage Payment Breakdown

January 23, 2019 by Leave a Comment

Your mortgage payment typically includes principal and interest and may also include property taxes, home owners insurance. This is often referred to as PITI in the mortgage industry (principal, interest, taxes and insurance). If you have less than 20% down payment or home equity, then you probably have some form of mortgage insurance as well (unless you qualify for a VA mortgage). Some portions of the mortgage payment may change over time. [Read more…]

Filed Under: First Time Home Buyer, Mortgage, Mortgage Insurance Tagged With: , , , ,

Fannie Mae’s HomeReady Mortgage

April 13, 2016 by 1 Comment

Fannie Mae Homeready Mortgage WA StateFannie Mae HomeReady Mortgage Program in Washington State

The Fannie Mae HomeReady mortgage is a popular low-down-payment home loan designed to help first-time and repeat homebuyers in Washington State achieve homeownership with more flexibility than many traditional mortgage programs.

With just 3% down, reduced mortgage insurance, and flexible income guidelines, HomeReady can be an excellent option for buyers in the Seattle area, King County, and throughout Washington — especially when layered with eligible down payment assistance programs.

Update: This article reflects current HomeReady mortgage guidelines for 2026. Loan limits, income caps, and program details are subject to change — always verify eligibility before applying.

[Read more…]

Filed Under: Adjustable Rate Mortgage (ARM), Fannie, Freddie and FHFA, First Time Home Buyer, HomeReady, Mortgage Tagged With: , , , , ,

Steps in the Mortgage Process

July 25, 2014 by 46 Comments

steps in the mortgage processEDITORS NOTE 10/23/2015: This post has been updated to include the new disclosures and wait periods required per the Dodd Frank Act effective on loan applications dated October 3, 2015 and later. Click here to read the updated post.

The process of getting a mortgage consists of several stages and typically takes anywhere from 20 – 40 days (or more) depending on how prepared you are, what mortgage program you have selected and if it’s a purchase, the closing date may dictate how long the process will take. The steps below may not take place in the exact order I have listed and some steps may happen simultaneously.

Understanding the Steps in the Mortgage Process

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Filed Under: Mortgage, Refinance, Residential Purchase, The Mortgage Process Tagged With: , , , , , , ,

Going on vacation during the mortgage process

July 18, 2014 by Leave a Comment

20140628_111831‘Tis the season for going on a vacation.  But what if you are buying a home or in the middle of refinancing your mortgage? Ideally, if you’re buying or refinancing a home, you won’t have any travel plans until after the transaction has closed…however, we know things aren’t always “ideal”… and vacation or business travel plans are sometimes a must.

Here are some pointers I hope you find useful should you find that you’re traveling while in the mortgage process.

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Filed Under: Mortgage Tagged With:

Happy 2014

January 2, 2014 by Leave a Comment

IMG_20131230_205252Earlier this week I met with my team at Mortgage Master to review goals for this year. This past year at the company has been great. I added a Loan Officer Assistant, Crystal and our main office moved to a beautiful new office in a more central location. Mortgage Master has also added to their management team, which has been beneficial by providing extra support to our mortgage originators. I’ve added additional tools to what I offer clients as well and I’m eager to start better implementing them into our services. I am constantly reviewing and trying new programs with the goal of helping clients have better tools and information to help make informed decisions for their mortgage needs.

[Read more…]

Filed Under: Mortgage Tagged With:
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