Home Buyer Education Class on July 20th
Do you or someone you know want to learn more about the home buying process? Jim Reppond from Coldwell Banker Danforth and I will be...
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What Sales Price Can I Buy with $100,000 Down Payment
I recently met with clients who have saved $100,000 to use for down payment and closing cost for a home in Bellevue. They easily...
read moreThree different 3 Percent Down Conventional Loan Programs
I’m pricing out a scenario for a first time home buyer who’s looking at buying a home priced at $250,000 and they have...
read moreHome Advantage Mortgage with Down Payment Assistance
Home Advantage is a program that is offered through the Washington State Housing Finance Commission. Home Advantage is typically...
read moreHeads up! HUD issues Press Release with upcoming changes to FHA Mortgages
Today HUD issued a press release confirming pending changes to help bolster FHA’s capital reserves. “These are essential and...
read moreHow much home do I qualify for with a $70,000 down payment?
I’m working with a couple in Seattle who would like to buy a home. They have excellent credit (scores of 740 or higher) and are...
read moreThe ABC’s of Preparing to Buy Your First Home
Borrowers getting ready to buy their first home are often surprised…for different reasons. I find that some are surprised to...
read moreQualifying to buy a $200,000 home in Seattle
I’m working with a first time home buyer who’s interested in buying a home priced around $200,000 in the greater Seattle...
read moreMortgage Rates for Investment Property in Issaquah, Index, Ilwaco and beyond in Washington State
I was just approving a comment from an old post that I wrote at Rain City Guide about buying investment properties which included rate...
read moreHow can a preapproval change?
When someone becomes “preapproved” for a mortgage, it boils down to they qualify for a certain mortgage payment based on...
read moreHow much can Sellers contribute towards Closing Cost?
If negotiated in your purchase and sales agreement, a Seller may agree to chip in towards some or all of your bona fide closing costs,...
read moreWhat Determines How Much Home You Qualify For – Part 2: Funds for Closing
In Part 1 of this series, I reveal that home buyers qualify for the mortgage payment first based on their income. The...
read moreBuying a Condo or Townhome?
Condos come in many forms including high-rises, converted apartment buildings and even some town-homes may be condominiums...
read moreHow Much Do I Need for Down Payment to Buy a Home?
When you buy a home, most loans require a down payment. A “down payment” is the difference between the loan...
read moreHow to Buy a Seattle Home with $10,000
NOTE: Mortgage rates quoted in this post from April 2010 are outdated and no longer valid. For a current mortgage rate quote for a...
read moreGifts from the Bank of Mom and Dad – Part 2: Conventional Financing
Often times when gifts from family members are involved, borrowers my opt to use FHA financing since the guidelines are (currently)...
read moreHow Much Home Can I Afford?
This is a common question from first time home buyers. When working with home buyers who are just beginning the process,...
read moreGifts from the Bank of Mom and Dad – Part 1: FHA
Home buyers using FHA to finance the purchase of their home can get help from family members towards the down payment and closing...
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