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

What May Impact Mortgage Rates this Week: March 24, 2014

March 24, 2014 by Leave a Comment

mortgageporter-economyMortgage rates are based on bonds (mortgage backed securities) and often fluctuate throughout the day depending on activity in the markets. Often times when the stock market is taking a hit, we’ll see mortgage rates improve as investors will trade seek the safety of bonds. World events, like what is taking place in Crimea, may impact mortgage rates,  as will the Fed’s bond buying program and economic data that is scheduled to be released. Here are some of the economic indicators scheduled to be released this week:

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Filed Under: Economy Tagged With: , , ,

National Home Buyers Fund Down Payment Assistance now available!

March 20, 2014 by 8 Comments

2013-03-07_0746EDITORS NOTE: It appears as though this program is being suspended effective the end of February 2016. If you’re considering using a grant, you might want to check out other down payment assistance options such as Home Advantage.

I am just learning about a down payment assistance program (dpa) that I now have available at Mortgage Master Service Corporation. The NHF Platinum Program is a little different than what you may be used to as it’s a grant that does not have to be repaid.

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Filed Under: Down Payment Assistance, Grants, Residential Purchase Tagged With: , , , , ,

Fed to continue to prune support of mortgage backed securities

March 19, 2014 by Leave a Comment

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Mortgage rates trended higher this afternoon after the Fed stated they will prune another $10 billion per month from their bond buying program which has been keeping mortgage rates artificially low.

From the FOMC Press Release:

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Filed Under: The Fed - FOMC

What May Impact Mortgage Rates this Week: March 17, 2014

March 17, 2014 by Leave a Comment

mortgageporter-economyHappy Saint Patrick’s Day! Here are some of the scheduled economic indicators which may impact mortgage rates being in the green this week:

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Filed Under: Economy

What May Impact Mortgage Rates this Week: March 10, 2014

March 11, 2014 by Leave a Comment

mortgageporter-economyLast Friday, the Jobs Report came in stronger than expected causing mortgage rates to tick slightly higher (although they’re still historically low). Mortgage rates are based on mortgage backed securities (bonds) and may change constantly throughout the day. Here are some of the economic indicators scheduled to be released this week, which may impact the direction of mortgage rates:

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Filed Under: Economy

Should I attend Seattle Agent ReBoot or Greater Seattle RE BarCamp?

March 8, 2014 by 1 Comment

Easy answer: BOTH! 🙂

Full disclosure, I am one of the organizers of this years Seattle RE BarCamp which will be taking place next week, Thursday, March 13, 2014. And I am planning on attending both Seattle Agent ReBoot and Seattle RE BarCamp next week.

Why? Because these two events offer two unique experiences.

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Filed Under: Events, Seattle Tagged With: , ,

Who does what in the mortgage process?

March 6, 2014 by Leave a Comment

There are a lot of people involved in processing a closing a mortgage transaction at a mortgage company. With recent regulations, newer positions have been created adding to the hands that are involved in the process. Here’s a list of some of the positions involved in the mortgage process – please keep in mind that this varies from company to company and often times, titles may vary as well.

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Filed Under: The Mortgage Process
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