The Mortgage Junk Mail Bag

It’s been a while since I’ve written about mortgage junk mail. Today I have been presented the opportunity as a client I helped with their mortgage a few years ago reached out to me regarding some mail they recently received that appeared to have possibly come from our company, Mortgage Master.

The P.O. J. (piece of junk) appears to know a lot of information about the homeowner – this is because your mortgage and original loan amount are public record.  This type of marketing also tends to offer lower than available interest rates and things like “no payments for two months”…perhaps it features an offer code or a limited time offer. [Read more…]

Home Buyer Classes for Washington State

Home buyer classesIf you are brand new or a little rusty at buying a home, there are some excellent options that are available for you. Some classes feature unique benefits for the students. Before taking one of the courses below, I suggest you reach out to a local, licensed Loan Officer to see if one class may be better suited for your home buying goals.

Here are a few online home buying classes you may want to consider: [Read more…]

Big Expensive Changes for Second Homes and Investment Properties

Last night, Fannie Mae announced they are essentially going to be limiting how many second homes and investment properties they will provide mortgages for. This is largely due to the additional risk associated with second homes and investment properties. This goes into effect with loans delivered to Fannie Mae on April 1, 2021 – which pretty much means “immediately” as mortgage loans are delivered to Fannie Mae (or Freddie Mac) after they close…sometimes weeks after they close with the originating mortgage company. [Read more…]

Gimme your Best Interest Rate with NO Closing Cost

Your best interest rate with no closing costsThe other day, a Redmond homeowner contacted me for a quote to refinance their home. They specifically requested scenarios for “lowest possible interest rate without paying any points or closing costs“. [Read more…]

Recent Interview in the Seattle Times about Seattle Homebuyers

I’m honored to have been quoted in the Seattle Time‘s yesterday in Katherine Khashimova Long’s article “Autumn of heartbreak for home shoppers as Seattle-area prices hit new record highs”. My quote wound up being a tid-bit in the article and I thought it would be interesting to share some of the points that we discussed during the interview. [Read more…]