Just Released: Resources for First Time Homebuyers

I have just created a page on my blog dedicated to first time homebuyers. Right now, you can access this on the column to the right.

I will be updating this page with information that first time homebuyers or people who have not bought a home recently may find useful. Currently, I have a couple of different scenarios intended to help demystify the homebuying process. I hope you’ll check it out!

If you or anyone you know are thinking about buying their first home or re-entering the home buying market, please feel free to share this with them. 🙂

And of course, I would love to help you with your mortgage needs. Please contact me if I can be of any assistance.

How Does Dave Ramsey’s Advice on Mortgages Pencil Out?

Last month I wrote about advice I’ve been seeing popping up in my Facebook feed from Dave Ramsey on mortgages. There are several points that I just don’t find realistic for the average person who wants to buy a home, such as only using a 15 year amortized mortgage with 20% down payment and limiting your mortgage payment to 25% of your take home pay. I promised that I would share a follow up post where I review different scenarios comparing his advise to real life scenarios. [Read more…]

Freddie Mac HomeOne® Mortgage in Washington State

Freddie Mac HomeOne Mortgage WA StateFreddie Mac HomeOne® Mortgage in Washington State

The HomeOne® mortgage is a low down payment conventional loan program designed specifically for first-time homebuyers who want to purchase a primary residence with as little as 3% down.

Backed by Freddie Mac, HomeOne offers a simpler path to homeownership for buyers who have solid credit but limited savings — without the income limits found in some other low down payment programs.

This mortgage option is especially attractive to buyers in Seattle, King County, Pierce County, Snohomish County, and throughout Washington State, where affordability and long-term costs matter. [Read more…]