If you live in King, Pierce, Snohomish or many other Washington state counties, you have some sticker shock when you see your 2018 property taxes. King County is reporting that the average home will see their taxes increase by 17%. The City of Sumner in Pierce County may see a whopping 22% jump to their property tax. [Read more…]
Higher Property Taxes Impacts Everyone
February 23, 2018 by Leave a Comment
Mortgage Rates March Higher
February 22, 2018 by Leave a Comment
Freddie Mac released their Prime Mortgage Market Survey today showing mortgage rates continuing to trend higher.
The PMMS report is based on an average of conforming rates from last week. This is the seventh consecutive week that mortgage rates have moved higher based on this report.
Historically, our rates are still very low. Don’t believe me? Check this out. [Read more…]
Got Bonus? Part 2: Stocks
February 9, 2018 by 2 Comments
On Part 1 of Got Bonus, I covered how lump sum cash or increases to salary are treated when it comes to qualifying for a home mortgage loan. In this post, I’ll address how bonuses that are in the form of company stock are treated by lenders. [Read more…]
Got Bonus?
February 8, 2018 by Leave a Comment
The Seattle Times announced yesterday that Boeing employees will be receiving a record $600 million in bonuses starting next week. From the Seattle Times:
“Boeing’s nearly 66,000 current employees in the state will be eligible for the bonuses. More than 6,000 more who worked at least part of last year before leaving the company will get a partial bonus, prorated according to how long they worked last year.” [Read more…]
Mortgage interest rates moving higher
February 1, 2018 by Leave a Comment
This morning, Freddie Mac released their weekly report on the direction of conforming mortgage rates. The graph from the Prime Mortgage Market Survey is quite telling. Mortgage rates have been pushing higher for the last 6 months. As the economy improves, it would be likely to see rates continue in this direction. The 30 year fixed is up 0.44 in rate from the low of 3.78 recorded in September 2017 and has not been reported this high since last March. Click here for quote with current mortgage rates.
eBook: Your First Home Mortgage
January 29, 2018 by Leave a Comment
I have just updated my guide on how to finance your first home.
If you’re thinking about buying a home located anywhere in Washington state, even if it’s a couple years away, I am happy to help you! You really cannot start the preapproval process too soon. If I can help you, please contact me.
NEWS FLASH: Mortgage Master now offers Bridge Loans
January 22, 2018 by Leave a Comment
I’m pleased to announce that Mortgage Master Service Corporation is once again, offering bridge loans to our clients. A bridge loan allows a home owner to tap equity from their current home for down payment on their next home before their current home has sold. With a bridge loan, there are no monthly mortgage payments and the interest that accrues is paid off at the closing of the buyer’s listed home. [Read more…]
Mortgage Rates improved last week
January 4, 2018 by Leave a Comment
Freddie Mac’s Prime Mortgage Market Survey (PMMS) was released this morning showing that mortgage rates dropped last week. RATES POSTED BELOW ARE EXPIRED. Click here for a mortgage rate quote with current rates for your Washington home.
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