Helping Washington State homeowners learn more about their mortgage options.
I’m so excited for some clients I helped buy their first home a couple of years ago. I thought I’d share their story – at least the Readers Digest version! 🙂
This couple attended a home buyers class that I was teaching back in 2014. They purchased their first home in Seattle in 2014 using a down payment assistance program we offer through the Washington State Housing Finance Commission. [Read more…]
Freddie Mac’s PMMS report released this morning reveals mortgage rates continued to move lower for the third consecutive week. According to this report, mortgage interest rates are at their lowest in (just barely) over a year.
In Seattle, the “s word” is SNOW and it looks like we’re in for a pile of it with this current system.
Freddie Mac reports that mortgage interest rates are at 10 month lows in today’s Prime Market Mortgage Survey.
The Prime Mortgage Market Survey is based on an average of conforming mortgage rates from last week. If you would like to have a current mortgage rate quote based on your personal criteria for your home located anywhere in Washington state, please contact me! I’m happy to provide you with a no-hassle mortgage rate quote.
With the government shutdown pushing over a month long, some federal employees are having to juggle another missed paycheck. Yesterday during an interview with CNBC, US Commerce Secretary Ross is quoted stating:
“So the 30 days of pay that some people will be out – there’s no real reason why they shouldn’t be able to get a loan against it and we’ve seen a number of ads from the financial institutions doing that… there really is not a good excuse why there really should be a liquidity crisis,” he said. “True the people might have to pay a little bit of interest.” [Read more…]
Your mortgage payment typically includes principal and interest and may also include property taxes, home owners insurance. This is often referred to as PITI in the mortgage industry (principal, interest, taxes and insurance). If you have less than 20% down payment or home equity, then you probably have some form of mortgage insurance as well (unless you qualify for a VA mortgage). Some portions of the mortgage payment may change over time. [Read more…]
King County will unveil how much your property taxes are for 2019 on February 15, the day after Valentines Day. <3
If you recall last year, many were stunned to see just how much their property taxes jumped. Our property taxes increased roughly 27% just last year alone!
If you are in the process of buying or refinancing a home, you need to be aware of changes to the property taxes if the transaction is closing around February 15, 2018 as this could potentially impact qualifying for the mortgage since it will most likely mean an increase to the total mortgage payment. This is especially true if your debt-to-income (DTI) ratios are anywhere near the limits for qualifying. [Read more…]
The Alaskan Way Viaduct aka Highway 99, was my preferred route when traveling through Seattle. As someone who lives in West Seattle, Highway 99 (or the viaduct) was a great alternative when traveling to downtown Seattle or north Seattle. I voted against the tunnel twice and will miss the views driving the viaduct. I really wish the viaduct would have been retrofitted or rebuilt instead of the tunnel. Anyhow… I thought I would share a video our family created a few years ago about the viaduct – tunnel. No animals were harmed in this video!
I will really miss the viaduct. I enjoyed the gritty drive and will miss the amazing views. When our beloved JP Patches was at our home for my surprise 40th party, he said our elected officials had “tunnel vision” and I could not agree more.
Rhonda Porter is a Licensed Mortgage Originator MLO121324 living in the greater Seattle area. Rhonda began her career in 1986 in the title and escrow industry and began her mortgage career in 2000. She enjoys helping people understand the mortgage process and started writing The Mortgage Porter in late 2006. Read More…
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