Recently, I spoke with a Seattle homeowner who is planning a major remodel. Like many homeowners, he initially reached out asking about a HELOC — which is often the first option people think of when they want to improve their home. They currently have a very low rate with their existing mortgage, which is one reason why they’re considering a home equity line of credit.
As we talked through his plans, budget, and long-term goals, it became clear that there were several ways to approach financing a remodel, each with very different advantages and limitations.
If you’re considering remodeling your home — whether it’s a kitchen overhaul, an addition, or a full transformation — understanding these options upfront can help you choose the strategy that fits your project best. [Read more…]
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.
I decided to take 
Yesterday I read an interesting 
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. 
Home equity lines of credit (often referred to as HELOCs) and fixed rate second mortgages are available again at Mortgage Master Service Corporation.
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 
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