Honoring our Hometown Heroes

May 21, 2019 by Leave a Comment

Rhonda_Hometown HeroMortgage Master Service Corporation recently started a program to honor our local heroes. We are now offering a $625 credit towards closing cost for a home purchase or refinance when we provide the mortgage.

Mortgage Master Service Corporation’s Hometown Heroes program is available for:

  • Police Officers
  • Firefighters and EMTs
  • Doctors and Nurses
  • Teachers
  • Military

We thank our heroes for taking care of our community and hope we can take care of you with your mortgage needs.  Please feel free to share this! I’m am honored to help you with any home purchase or refi on homes located in Washington state.

Note: This program cannot be combined with any WSHFC program. Program and pricing subject to change.

 

Filed Under: Closing Cost, Mortgage, People, Uncategorized Tagged With: , , ,

Mortgage Rates trending higher

April 25, 2019 by Leave a Comment

Freddie Mac’s weekly mortgage rate report (PMMS) based on a survey of mortgage interest rates from applications last week show that mortgage rates continued to move higher.

20190425pmms

[Read more…]

Filed Under: Interest Rates, Uncategorized Tagged With: ,

Mortgage Home Loans for Non-Citizen Borrowers

April 16, 2019 by Leave a Comment

Recently Fannie Mae added clarity to their guidelines regarding non-citizen borrowers being eligible to qualify for a conventional mortgage. According to Fannie Mae, this is not a change to existing policy, it is just (much needed) clarification for lenders.

In order to be eligible, a borrower must be “legally present” in the United States. This means the borrower must have: [Read more…]

Filed Under: Residential Purchase, Uncategorized, Underwriting and Qualifying Tagged With: , , , ,

When should you refi a low FHA mortgage rate?

March 14, 2019 by Leave a Comment

Beautiful luxury home exterior at twilightMany homeowners are hanging onto very low mortgage rates when they should perhaps consider refinancing the mortgage for a higher rate. What??? [Read more…]

Filed Under: Fannie, Freddie and FHFA, FHA, Refinance, Uncategorized Tagged With: , ,

A First Time Home Buyer’s Story

February 22, 2019 by Leave a Comment

I’m so excited for some clients I helped buy their first home a couple of years ago. I thought I’d share their story – at least the Readers Digest version! 🙂

This couple attended a home buyers class that I was teaching back in 2014. They purchased their first home in Seattle in 2014 using a down payment assistance program we offer through the Washington State Housing Finance Commission. [Read more…]

Filed Under: Down Payment Assistance, First Time Home Buyer, Home Advantage Program, Uncategorized Tagged With: , , , ,

Mortgage Rates Continue Lower

February 21, 2019 by Leave a Comment

Freddie Mac’s PMMS report released this morning reveals mortgage rates continued to move lower for the third consecutive week. According to this report, mortgage interest rates are at their lowest in (just barely) over a year.

[Read more…]

Filed Under: Interest Rates, Uncategorized Tagged With:

Mortgage Rates Drop to Lowest in 10 Months!

February 7, 2019 by Leave a Comment

Freddie Mac reports that mortgage interest rates are at 10 month lows in today’s Prime Market Mortgage Survey.

The Prime Mortgage Market Survey is based on an average of conforming mortgage rates from last week. If you would like to have a current mortgage rate quote based on your personal criteria for your home located anywhere in Washington state, please contact me! I’m happy to provide you with a no-hassle mortgage rate quote.

Filed Under: Interest Rates, Uncategorized Tagged With: ,

Qualifying for a mortgage when you pay alimony

May 23, 2018 by Leave a Comment

Recently Fannie Mae and Freddie Mac updated their guidelines to treat alimony payments the same way that FHA has.

With conforming mortgages (Fannie/Freddie) where there is more than 10 months remaining for alimony payments, Fannie Mae and Freddie Mac will allow the alimony to be deducted from gross income instead of being treated as a monthly debt. This often dramatically improves debt-to-income ratios. [Read more…]

Filed Under: Fannie, Freddie and FHFA, Uncategorized, Underwriting and Qualifying
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