I can’t take credit for the catchy phrase “Marry the house. Date the rate”. It’s being posted by mortgage professionals and real estate agents all over social media. What does this phrase mean? [Read more…]
Archives for June 2022
Marry the House. Date the Rate.
June 22, 2022 by Leave a Comment
Arts in the Park in Puyallup
June 19, 2022 by Leave a Comment
Yesterday I had the opportunity to participate at Arts in the Park at the Pioneer Park Pavilion in Puyallup. This was my first time demonstrating and being on the other side of the booth at an art fair. I really had a great time.
Mortgage rates pushing higher
June 14, 2022 by Leave a Comment
Mortgage interest rates have been moving higher at a pace not seen in years. If you’ve been a subscriber to The Mortgage Porter, you may recall that I often say mortgage rates move up much faster than they come down…the jump over the last few days has surprised many. [Read more…]
Using Cryptocurrency for a Down Payment
June 7, 2022 by Leave a Comment
Cryptocurrency, like Bitcoin, CAN be used for funds for closing on a home as long as the cryptocurrency (i.e. virtual currency) meets certain criteria. Fannie Mae and Freddie Mac require that the funds be exchanged into U.S. dollars and that held in a U.S. regulated financial institution. In order to use conventional financing, there needs to be enough documentation to meet conventional guidelines, including: [Read more…]
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