Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
Welcome back to Mortgage Porter Weekly!
After an amazing three-week road trip down to California, the Grand Canyon, and back home to Seattle, I’m officially back in the office and watching the markets closely. And what a week to return — we’re seeing something we haven’t consistently seen in a while…
30-year conforming mortgage rates are trending lower!
That’s getting attention.
If you bought your home in the past few years and your interest rate starts with a 6… or maybe even a 7… you’re not alone.
One of the most common questions I’m hearing right now is:
What Is a Mortgage Recast?If you’ve ever made a large lump-sum payment toward your mortgage — or thought about doing so — you may have heard the terms “mortgage recast” or “reamortization.”
A recast can be a powerful (and often misunderstood) option for homeowners who want a lower monthly payment without refinancing.
Let’s break down what a recast is, how it works, and when it may (or may not) make sense. [Read more…]
Good morning from Astoria, Oregon.
I’m writing this from our room at the Bowline Hotel, with a herd (pod? committee?) of very committed resident sea lions barking below our window. If you’ve stayed here, you know exactly what I mean.
This is where our road trip began—and where it’s ending.
We left from Astoria headed south toward sunshine and desert skies, spending time in Palm Desert and standing in awe at the Grand Canyon. After taking in so much beauty, we decided to come full circle and return to where we started.
There’s something meaningful about that. [Read more…]
