Helping Washington State homeowners learn more about their mortgage options.
Many homeowners in our area may be sitting on quite a bit of home equity that they could use to purchase their next home. When it’s not a “buyer’s market”, you may have lower odds of a seller wanting to accept an offer if it’s based on needing to sell and close on an existing home. In order to have your offer accepted, it’s helpful to put forward an attractive offer that will make it easier for the seller to select your offer over others.
Here are some programs that can help! [Read more…]
I decided to take my own advice that I’ve been dishing out about credit cards and debts. Today I reviewed my credit card accounts to see what my current interest rates are. I’m pretty lucky to have great credit and that I’m able to pay off my debts monthly. [Read more…]
Yesterday I read an interesting article in the Seattle Times about how (and why) to pay off your credit card debt as soon as possible. The article warns of a slowing economy and future rate hikes by the Fed, which will translate to higher interest rates on credit card debt. In addition to the higher rates, the slower economy may cause some people to have reduced income which will be more challenging with the high interest rate debt.
The article encourages readers to have an emergency savings fund and to focus on paying off credit card debt. [Read more…]
If you have been wanting to spruce up your kitchen, bathroom or any part of your home and you don’t want to touch your low interest rate on your existing mortgage, a second mortgage could be an option worth considering. [Read more…]
Home equity lines of credit (often referred to as HELOCs) and fixed rate second mortgages are available again at Mortgage Master Service Corporation.
You can use a home equity loan or fixed-rate second mortgage to access home equity without doing a cash-out refinance of your first mortgage. This may be really desirable considering the appreciation of homes and recent low mortgage rate environment. Click here for current mortgage rates for your Washington state home.
Here are some of the features: [Read more…]
A few weeks ago, I shared that we’re remodeling our kitchen. Boy-oh-boy what a chore it is…we started the process months ago and are just starting to see light at the end of the tunnel. As I’m going through this first hand, I thought I’d share tidbits of things we’re learning along the way. Today, I’ll share the story of our kitchen counters.
Let’s start by discussing what we had on our “old” kitchen (photo above). [Read more…]
Mortgage Master Service Corporation has second mortgages (home equity lines of credit aka HELOC) available for homes located anywhere in Washington state. The second mortgage/HELOC is limited to owner occupied/primary residences and second homes. They are not currently available for investment property. [Read more…]
We’re getting ready to remodel our kitchen and recently discovered Second Use. Second Use is locations in Seattle and Tacoma. They sell second-hand items for your home from furniture to all types of fixtures. [Read 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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