$372 is the average monthly savings that my clients who have closed on their refi’s so far in March. With higher appraised values, thanks to the hot real estate market driving up home prices, many clients are also eliminating mortgage insurance with their refi.
What would you do with an extra $372?
March 13, 2015 by Leave a Comment
What May Impact Mortgage Rates this Week: March 9, 2015
March 10, 2015 by 1 Comment
My apologies for being a day late on my “Monday Rate Post”…I’ve been busy working on transactions in process and new refi and purchase loans. Biz has to come before blog. However, I have a few moments now to share with you the economic indicators scheduled to be released this week, which is on the lighter side.
I know my credit score
March 5, 2015 by Leave a Comment
Recently my husband and I considered buying an investment home in West Seattle. We began the preapproval process so that we could present an offer with a bona fide preapproval letter. We gathered our W2s, tax returns, bank statements and paystubs…and had our credit report pulled.
What May Impact Mortgage Interest Rates this week: March 2, 2015 – Rates Improved
March 2, 2015 by 1 Comment
This being the first week of the month, means that Friday, we will have the Jobs Report. Last month, the better than expected Jobs Report sent mortgage rates trending higher.
Here are some of the economic indicators scheduled to be released this week:
Delayed Financing: How Cash Buyers Can Access Equity After Paying Cash (Updated for 2026)
February 26, 2015 by 2 Comments
Editors Note: This article on Delayed Financing has been updated for 2026.
Many homebuyers choose to pay cash to win a competitive offer or simplify the purchase process. But after closing, a common question comes up:
“Now that I own the home outright, how can I access some of that equity?”
That’s where delayed financing comes in.
Delayed financing allows buyers who purchased a home with cash to take out a mortgage shortly after closing — without waiting the typical 12-month seasoning period required for a cash-out refinance.
This strategy can be especially useful for buyers who want liquidity, flexibility, or the ability to reinvest funds after a cash purchase. [Read more…]
What May Impact Mortgage Rates this Week: February 23, 2015
February 23, 2015 by 1 Comment
This week is packed full of economic indicators and events that may influence the direction of mortgage interest rates, including Fed Head Janet Yellen’s two day testimony in front of Congress which starts tomorrow. Here’s a list of economic indicators scheduled to be released this week:
Many Washington State Homes (and Home Buyers) are eligible for Down Payment Assistance Programs
February 22, 2015 by Leave a Comment
RealtyTrac and Down Payment Resource recently compiled a report of how many homes are eligible for various down payment assistance programs by county. Their report revealed that 87% of homes in the United States may qualify for down payment assistance (DPA) for home buyers.
And the Fed said… [LIVE MORTGAGE RATE POST]
February 18, 2015 by Leave a Comment
Mortgage rates are pretty much unchanged following yesterday’s sell off in the bond market causing rates to trend higher. Today at 11:00 am Seattle time, the Fed will release the minutes from the last FOMC meeting. This tends to influence mortgage rates so I thought it would be interesting to do a live rate mortgage rate post. You can follow me on Twitter @mortgageporter to see when I’ve updated this post.
Rates quoted below will be based on a sales price of $500,000 with 20% down payment, loan amount of $400,000. Borrowers have credit scores of 740 or higher. Rates quoted are subject to credit approval and may change at anytime. If I can provide you with a mortgage rate quote, click here.
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