Freddie Mac released their weekly mortgage rate survey showing that mortgage rates have continued to drop are at record lows. [Read more…]
Mortgage Rates Drop Lower
June 27, 2019 by Leave a Comment
Freddie Mac released their weekly mortgage rate update, Prime Mortgage Market Survey, which illustrates just how low mortgage rates have dropped recently. [Read more…]
It could be time to refi!
June 3, 2019 by Leave a Comment
M
ortgage rates for a 30 year fixed conventional mortgage are back to very low levels. This is largely due to current global concerns which may create a opportunity of opportunity for those who may benefit from a refinance.
It may make sense for you to refi if: [Read more…]
Changes to Limited-Cash Out Refinances
January 4, 2019 by Leave a Comment
A limited-cash out refinance is a refinance where typically, the home owner receives little to no-cash back at closing. It’s also referred to as a “rate-term” refinance. A limited cash-out or rate-term refinance offers better interest rates and/or pricing for interest rates than a true “cash out” refinance. [Read more…]
It’s Hard Being a Home Buyer in Seattle – Here are some tips!
May 17, 2018 by Leave a Comment
CNN recently published an article about a couple’s experience buying a home in Seattle. In a nutshell, their seventh offer was accepted with multiple offers well over the list price and they were able to close quickly without contingencies with a large earnest money deposit.
Home prices and lack of inventory (which I hope is starting to change) have created a highly competitive situation for those who want to buy a home in Seattle. Buying a home just about anywhere in the tri-county area these days is not for the feint of heart. [Read more…]
HARP Refi’s are still available…for a few more months!
May 16, 2017 by Leave a Comment
The Home Affordable Refinance Program (also known as HARP) which helped many home owners refinance their underwater homes into lower rates following the melt-down, is scheduled to end later this summer. [Read more…]
Cash Out Refinance
January 27, 2017 by Leave a Comment
Homes in the greater Seattle – King County area have been experiencing higher home values. The demand for homes with the strong employment market in Seattle and lack of inventory has been pushing home prices higher and higher. What is not great news for home buyers wanting to live in the greater Seattle area, this does create an opportunity for homeowners. Homeowners can either sell their home to take advantage of the appreciate that we currently have, or they can consider a cash out refinance. The reasons for a cash out refinance can vary from wanting to consolidate debts, funding retirement, cashing out an ex-spouse or improving your home…just to name a few. [Read more…]
How to reduce documentation for a refinance
July 11, 2016 by Leave a Comment
Many home owners in Washington state are looking into refinancing with how historically low mortgage interest rates currently are. The process of a refinance is very similar to that of when you obtained a mortgage to purchase your home…there is a lot of a paperwork and documentation required for the process. However…there are options you may have available to help reduce some of the documents that are typically required.
