Home Buyers Seminar in Kent on Saturday, April 5, 2014

March 25, 2014 by Leave a Comment

Seattle Home Buyer ClassesWould you like to learn more about the home buying process?

Would you like to qualify for down payment assistance?

Join me and my fellow instructor, Ira Sacharoff of Better Properties Real Estate as we review what happens during the home buying and mortgage process during this Washington State Housing Finance Commission sponsored class. Class participants may be eligible for mortgage programs and down payment assistance programs offered by the Washington State Housing Finance Commission (WSHFC), such as the Home Advantage Mortgage.  This class also satisfies the home buyer education requirement for Freddie Mac’s Home Possible Program.

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Filed Under: Classes for Home Buyers, Education, Uncategorized

How do Inquiries on my Credit Report impact my Mortgage Approval?

February 21, 2014 by Leave a Comment

InquiriesWhen you apply for credit, it may appear as an inquiry on your credit report even if you decide not to proceed with the credit or debt you applied for. The credit reports that mortgage companies use will show the inquiries going back 120 days.

Why does a lender care if you have credit inquiries – even if you never proceeded to take the credit that was offered to you? Inquires to your credit appears as though you are shopping for credit and therefore may be taking on additional debt. Additional debts may impact your ability to make payments on your new mortgage.

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Fannie Mae HomePath offering 3.5% towards closing costs!

February 14, 2014 by 1 Comment

mortgageporterraiseFannie Mae HomePath has announced they will offer up to 3.5% towards the buyers closing cost through March 31, 2014. Fannie Mae HomePath properties are homes that Fannie Mae owns through foreclosure. Fannie Mae offers special financing on these homes with reduced down payment, no mortgage insurance and no appraisal required. You can learn more about the Fannie Mae HomePath Mortgage by clicking here.

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Filed Under: Homepath, Residential Purchase, Uncategorized Tagged With: , ,

First Seattle Snow of 2014

February 9, 2014 by Leave a Comment

Last night we went to bed thinking we would just have a dusting of snow in the morning… we woke up to about 3 inches of the white stuff in the Alki neighborhood in West Seattle.  I thought I’d share a few photos from our morning walk with  our puppy, Hitch.

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Seattle Real Estate Chat: Mold, Asbestos and Lead – Oh My! [Video]

November 16, 2013 by 1 Comment

This week’s episode of Seattle RE Chat featured a special guest, James Mallory, President of Environix. James shared a lot of important information about mold, asbestos and lead, all of which can be potentially be found in Seattle area homes.

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Reduction to 2014 Conforming Loan Limits May Be Delayed

October 25, 2013 by Leave a Comment

Edward DeMarco, Acting Director of the FHFA, pretty much confirmed that we can anticipate lower conforming loan limits next year. This is from his prepared remarks for “Getting Our House in Order”:

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Home Inspection Issues in Seattle #SeattleREChat

October 12, 2013 by Leave a Comment

This episode of Seattle Real Estate Chat has a special featured guest to discuss home inspection issues in the greater Seattle area. Reid Guthrie is owner of The Home Detective.

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Mortgage Loans AFTER the Government Shutdown May Face Delays

October 10, 2013 by 4 Comments

iStock_000001750148XSmallMost of our lenders are being flexible about receiving IRS tax transcripts during the government shutdown. However, once the shutdown is over, expect lenders to require IRS tax transcripts to be included on every transaction…and expect possible delays.

Lenders obtain tax transcripts on transactions to make sure the income provided on the application and other supporting documentation matches what is filed with the IRS. This is largely due to the fraud that happened during the mortgage meltdown.

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