Buying a home is one of the biggest investments you’ll ever make and protecting that investment with the right homeowner’s insurance (also referred to as hazard insurance) is just as important as finding the right mortgage. Many homebuyers wait until the last minute to shop for coverage, but taking the time to compare policies early in the process can save you money and stress. Here are some tips to help you shop smart for homeowners’ insurance: [Read more…]
How to Shop for Homeowners Insurance as a Home Buyer
What are Seller Buydowns?
“Seller Buydown” seems to be a very trendy phrase these days since interest rates have moved higher. There are a couple different types of Seller Buydowns that help make homes more affordable for potential home buyers. [Read more…]
Honoring our Hometown Heroes
Mortgage Master Service Corporation recently started a program to honor our local heroes. We are now offering a $625 credit towards closing cost for a home purchase or refinance when we provide the mortgage.
Mortgage Master Service Corporation’s Hometown Heroes program is available for:
- Police Officers
- Firefighters and EMTs
- Doctors and Nurses
- Teachers
- Military
We thank our heroes for taking care of our community and hope we can take care of you with your mortgage needs. Please feel free to share this! I’m am honored to help you with any home purchase or refi on homes located in Washington state.
Note: This program cannot be combined with any WSHFC program. Program and pricing subject to change.
Rehab Mortgage Loans for Remodeling Your New or Existing Home
Want to build an ADU on your garage? Are you having a hard time finding a home that has your dream kitchen? Whether you are buying or refinancing a home, you may want to consider a “rehab” mortgage. At Mortgage Master Service Corporation, we currently have a couple options available. [Read more…]
Fannie Mae increases income limits for HomeReady
Fannie Mae will be increasing the income limits for HomeReady effective July 16, 2016 making it easier for more people to qualify for this mortgage program. [Read more…]
Freddie Mac Reports that Mortgage Rates continue to trend Lower
The Prime Mortgage Market Survey reports that last week, the 30 year fixed averaged 3.92 percent with an average 0.6 point. The week prior, the reported average was 3.97 percent. A drop in rate of 0.05%.
80 – 10 – 10’s now are back… at Mortgage Master Service Corporation!
It’s back… the 80/10/10 mortgage program which allows home buyers to put just 10% down and avoid having private mortgage insurance via a second mortgage/home equity line of creedit. The second mortgage/home equity line of credit technically does not have to be at 10% with the first mortgage at 80% of the loan to value (sales price). Often times, the mortgages may be structured around conforming loan limits, as long as the total combined loan to value is 90%.
Protect your Preapproval Status over the Holidays
Tis the Season for holiday shopping. The aggressive sales push this year started BEFORE Thanksgiving with more mega-stores even remaining open on a day when employees should have had the day off (or at least had working on Thanksgiving as being “optional”).Cyber Monday is now cyber week…anyhow, my point is, stores are competing for your dollars. If you are considering buying a home or are currently pre-approved to buy a home, I thought I’d share some tips for you on how to make sure your “pre-approved” status is not jeopardized during the holiday season.
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