Special Mortgage Interest Rates

Last night on Facebook, I saw an ad for a builder’s lender promoting “limited time opportunity special interest rate” when you purchase one of their new homes. This was being shared by a Realtor whom I’m “Facebook Friends” with. I decided to price out this “special rate” and proved that the rate, while very low, is actually not so special.

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Our Veterans DESERVE to use a VA Mortgage Loan

I’ve been trying to think about how to title this post without “shaming” real estate agents or home sellers… but I do feel that it’s really unfortunate that some still have a low view of VA mortgages. Men and women who have dedicated their lives to serve our country and protect our freedom have EARNED the privilege to have a VA mortgage loan. Those of us who have not committed to serve do not have this benefit… and it is a benefit. [Read more…]

Avoid Delays with your Home Purchase

mortgage-porter-sold-homeHere are a few suggestions for when you are preparing a purchase and sales agreement to help avoid delays. NOTE: I’m NOT an attorney and this is NOT legal advice. I’m simply a Licensed Loan Officer offering suggestions based on my observations.  🙂 [Read more…]

Waiving your financing contingency?

mortgageporter-thinkingThe greater Seattle real estate market is hot. With the lack of inventory, some home buyers have found themselves in a position where they feel they need to waive their financing contingency or the appraisal. I see this strategy happen when home buyers have been competing with multiple and/or cash offers.

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Seattle Real Estate Chat: When your Real Estate Agent or Mortgage Originator “wears two hats” [Video] #SeattleREchat

Our most recent episode of Seattle Real Estate Chat focused on real estate agents or lenders who wear two hats. Jim Reppond of Coldwell Banker Danforth and I discuss transactions where a buyers lender is also their real estate agent OR when the buyer works with the listing agent (listing agent is both sellers agent and buyers agent). Sometimes a buyer may believe the listing agent is working for them, when the listing agent may only be working for the seller. It can be a complicated situation.

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What you need to know about multiple offers when buying a home [Video]

Earlier this week’ during our Seattle Real Estate Chat, Jim Reppond of Coldwell Banker Danforth and I discussed multiple offers, which we are seeing a lot of in the greater Seattle area.

Here’s our “show” from this week and learn more about what you need to know before you find yourself in a multiple offer situation.

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How’s the Market?

This is a question I’m often asked about the greater Seattle/Pacific Northwest region. Since I focus on helping people with mortgages to buy or refinance their homes, I defer these types of questions to local real estate professionals.

I recently posted this question with the challenge that the real estate agents keep their response to one sentence or roughly 140 characters. Here are some of the replies I received.

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Updating your Preapproval Letter

j0403639_2I’m often asked by home buyers “does my preapproval letter expire” or “what happens if we don’t find a home in a few months”. Preapproval letters should include two dates: when the letter was prepared and when the preapproval expires.  Fear not, most of the time, it should just take providing a couple documents to your loan officer so they can “dust off” your application and provide an updated pre-approval letter.

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