Archives for May 2009

Relocating to Washington State and Getting Preapproved for a Mortgage

When relocating to a new State, many want to have their next home purchased to avoid the inconvenience of having to move twice from temporary housing to their permanent home in Washington.  Lenders want to know that the borrower have employment and the ability to make their mortgage payments.

If you have a job waiting for you at your new location, often times a copy of your employment contract documenting the start date, salary and probability of continued employment.  A verification of employment will be performed either/or verbally or with a VOE (verification of employment) form to be completed by the new employer.  It’s also important to know that the new employment must be in the same line of work as the previous employment.

What if you’re self employed and moving your business out of area?  Unless your clients are able to follow you, such as an internet based business, it may be challenging to use your past income for qualifying as you are leaving your client base behind.

There various types of income may not impacted by relocating (subject to underwriting guidelines), such as:

  • Rental income
  • Retirement/Social Security
  • Alimony or Child Support
  • Notes receivable
  • Interest and dividends
  • Income from Trust

Other types of income may be considered as well…but if you’re planning on qualifying based on income from your “future” job–make sure you’re actually on pay-roll and do discuss your personal scenario with a qualified Mortgage Professional before you make any moves.

Sunday Drive: Southbound on the Alaskan Way Viaduct

I enjoy driving down the viaduct…northbound is prettier than heading south in my opinion but I love this old structure.  I'm going to miss it when it's gone and I think it's really concerning that our elected officials have no regard for the citizens who voted to keep the viaduct.  Instead, they are blazing ahead with plans for a tunnel.  Why vote when your officials don't honor the voice of their citizens?  Adding insult to injury according to this article, Seattle homeowners may get the bill fo cost over-runs.  Your thoughts?

Just as some have boycotted Safeco Field for similar reasons…I will not drive in the new tunnel when/if it happens.   You can read many article regarding the controversy of the viaduct vs. the tunnel here.

Get Your Dirty Car Washed Today in Issaquah and Do a Good Deed

Dawn Appel is a former employee of The Talon Group.  She has been couragously battling leukemia.  From 8:00 am – 4:00 pm today in Issaquah, you can get your car washed to help raise funds in her honor and to help support her family.


If you can't make it to the car wash but would still like to donate click here.

Geithner one of People Magazine’s 100 Most Beautiful?

Nope…we're past April 1st…this is no joke and I'm sorry BUT I do not find anythingGeithner about this man "beautiful".   During an interview yesterday on CNBC, a representative from People Magazine said that some people are beautiful "on the inside". With that, I agree. 

I admit that I do not personally know our Treasury Secretary, Mr. Geithner.  Maybe he is a beautiful person….who only paid past due income taxes because of his new political position.   

I typically only read People Magazine when I'm in a doctors office.

UPDATE:  This explains everything!