What is a mortgage “buy down”?

With rising mortgage interest rates, “buy-downs” are the new buzz word. A “buy down” either temporarily or permanently reduces the interest rate on a mortgage loan. With the local real estate market cooling down, it’s not unusual to see a Seller agree to actually pay for a buy-down to help sweeten the deal for a potential home buyer. It can actually be a “win-win” for both buyer and seller as the buyer receives a lower mortgage payment and the contribution paid by the seller may be less than what a price reduction might be. [Read more…]

Seller’s Guide to Today’s Mortgages Guide Book

 My most recent book that I’ve published is not for home buyers. I wrote this book for home sellers.

Mortgages have changed so much in the last few years and it’s my hope that this latest Guide Book will provide home sellers with information so they can make an informed decision when selecting a potential buyer for their home.

This book includes information on various mortgage programs, such as how much a seller can contribute towards closing cost, reviewing preapproval letters and basic guidelines.

If you’re considering selling a home located in Washington state, I hope you’ll take a moment to check out my latest Guide Book.