Helping Washington State homeowners learn more about their mortgage options.
The Fed has just announced a rate cut the Fed Funds rate by 25 basis points.
This has been widely anticipated by the markets. Remember, the Fed’s rate cut does NOT directly impact mortgage rates (except for home equity lines of credit and other loans that may be attached to the prime interest rate). [Read more…]
Did you know the biggest savings this season might not be in your shopping cart?
Black Friday is a great reminder to look for deals—and one of the smartest “deals” you can snag is refinancing your mortgage.
If you’ve been curious about lowering your rate, reducing your payment, or tapping equity for home improvements or debt consolidation, now is the perfect time to explore your options.
Buying a home takes more than just a down payment — but how much do you really need? In this quick and informative session, you’ll learn exactly what goes into your total “cash to close,” including down payment options, closing costs, and other upfront expenses.
You’ll walk away with a clear understanding of:
✅ How much money you actually need to buy a home
✅ Low down payment loan options (you don’t always need 20%)
✅ What closing costs and prepaids cover
✅ Tips and strategies for saving for your down payment
✅ How gift funds or wedding gifts can help
Whether you’re planning to buy soon or just starting to save, this class will help you create a realistic plan to reach your homeownership goals.
🕓 Duration: 1 hour
📍 Location: Zoom (link provided after registration). Register here or by scanning QR code above.
🎓 Who it’s for: First-time and repeat buyers who want to understand what it really costs to buy a home
Last Friday, something I have been writing about for years finally happened. Trigger leads have been banned!
The bipartisan Homebuyers Privacy Protection Act (H.R. 2808) is now official. The law doesn’t go into effect until March of next year… so unless you protect yourself and opt-out of being harassed by strange loan officers or I mean, loan officers who are strangers, you will still feel very popular after having your credit pulled.
Honestly, even after this goes into effect, I still recommend protecting your credit by following these steps.
Of course, if you’re thinking about buying or refinancing your home, I am happy to help you!
The Seattle Times recently published an article on how expense weddings are becoming in the greater Seattle area and how some couples are opting for simpler ceremonies. The article quotes an average cost for a wedding, according to a local wedding planner of being $58,000. As a mortgage professional, it’s jaw dropping to me that people spend this amount of money instead of buying a home or saving for retirement. I understand that this is an incredibly important time in a person’s life and a celebration to remember…but once the honeymoon is over, you have beautiful memories and a gorgeous photo album.
What if instead most of those funds were used to buy a home that will most likely appreciate in value creating future financial security? [Read more…]
We have inflation in the news this week! For current rates based on your personal scenario, please contact me!
Mortgage rates have been trending lower!
I was in a neighborhood group on Facebook where someone was sharing that they were having to sell their home that had been in the family for generations. They can no longer afford living in the Seattle area and had made the difficult decision to move their family. If you’re 62 or better, you may not have to sell your home to create a more affordable lifestyle. [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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