If you have been wanting to spruce up your kitchen, bathroom or any part of your home and you don’t want to touch your low interest rate on your existing mortgage, a second mortgage could be an option worth considering. [Read more…]
Home Equity Loans and Home Equity Lines of Credit
July 7, 2022 by Leave a Comment
Marry the House. Date the Rate: What It Really Means for Washington State Buyers
June 22, 2022 by Leave a Comment
“Marry the home, date the rate.”
If you’ve been shopping for a home in Washington State over the past few years, you’ve almost certainly heard this phrase — from your real estate agent, your mortgage advisor, social media, or all three. It’s become one of the most repeated pieces of advice in the housing market.
But what does it actually mean? When is it good advice? And when should you push back on it? [Read more…]
Arts in the Park in Puyallup
June 19, 2022 by Leave a Comment
Yesterday I had the opportunity to participate at Arts in the Park at the Pioneer Park Pavilion in Puyallup. This was my first time demonstrating and being on the other side of the booth at an art fair. I really had a great time.
Mortgage rates pushing higher
June 14, 2022 by Leave a Comment
Mortgage interest rates have been moving higher at a pace not seen in years. If you’ve been a subscriber to The Mortgage Porter, you may recall that I often say mortgage rates move up much faster than they come down…the jump over the last few days has surprised many. [Read more…]
Using Cryptocurrency for a Down Payment
June 7, 2022 by Leave a Comment
Cryptocurrency, like Bitcoin, CAN be used for funds for closing on a home as long as the cryptocurrency (i.e. virtual currency) meets certain criteria. Fannie Mae and Freddie Mac require that the funds be exchanged into U.S. dollars and that held in a U.S. regulated financial institution. In order to use conventional financing, there needs to be enough documentation to meet conventional guidelines, including: [Read more…]
