Washington State Mortgages, Made Clear. Buying or Refinancing? Let's find the right loan together.
The FHFA announced expanded guidelines for appraisal waiver increasing the maximum loan to value (LTV) from 80% to 90% on purchase transactions. An appraisal waiver is not guaranteed on all conforming mortgages. Loans are submitted to the automated underwriting systems for Fannie Mae or Freddie Mac, which determine whether or not a transaction will receive an appraisal waiver.
Possible eligible transactions include: [Read more…]
The 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…]
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…]
In competitive markets, buyers sometimes feel pressure to waive contingencies to make their offer stand out. Before you do — whether it’s the financing contingency, the appraisal contingency, or both — here’s what you need to understand about the risks involved.
