Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
Conforming loan limits will be going up in 2024 across the country. Conforming high balance loan amounts for Washington state will remain unchanged from 2023.
Here are the 2024 conforming loan limits:
The following counties have “high balance” loan limits
King County, Pierce County and Snohomish County: [Read more…]
Bridge loans allow people who want to buy their next home to access a portion of their home equity to use as down payment and/or closing cost. They have been around for quite a while and has been a great tool to help accommodate home purchases. [Read more…]
Zillow’s recent gloomy attention grabbing headline stating “If you buy now, it can take 13.5 years to make a profit on your home sale” has been creating quite a buzz with various media outlets. I thought I’d run some scenarios to compare. [Read more…]
If you’re a homeowner wanting to buy your next home, you might be feeling reluctance to trade your existing interest rate for a current mortgage rate. It’s easy to understand when mortgage rates are double from what they were a few years ago. Historically speaking, mortgage rates are actually closer to what would be considered more of an average range than the Fed manipulated rates of years past.
I may have some good news for you. No, it’s not a trick…this can actually be a treat! [Read more…]
Late Thursday night, I returned home from a three week vacation in Italy visiting my son and daughter-in-law, who are currently living in Europe. This is the longest vacation away from my wonderful hubby and work that I have ever done. My fantastic sister-in-law Marilyn joined me on this adventure to celebrate her retirement from Mortgage Master Service Corporation. [Read more…]
