We have the FOMC meeting wrapping up this Wednesday. While we don’t anticipate any changes to the Fed Funds rate, what Chairman Powell has to say following the meeting may impact mortgage rates. For more detail, check out my latest Mortgage Market Update video.
Home Improvement and Construction Loans
February 29, 2024 by Leave a Comment
There are many options available for financing home improvements not to mention using cash or available funds.
What type of program is used may depend on the scope and amount of funds needed for the project. We can help you with everything from a home equity line of credit where you can do the work yourself or a full construction loan if you’re working with a vacant lot or a complete tear-down property. Larger projects may require a general contractor and/or to have the contractor approved by the lender.
Loans that do not require a general contractor are our home equity line of credit, stand-alone second mortgage or a cash-out refi. With the home equity loan of credit or second mortgage, you could keep your existing first mortgage (if there is one).
Here are some possible programs to consider: [Read more…]
Home Equity Loans and Home Equity Lines of Credit
July 7, 2022 by Leave a Comment
If you have been wanting to spruce up your kitchen, bathroom or any part of your home and you don’t want to touch your low interest rate on your existing mortgage, a second mortgage could be an option worth considering. [Read more…]
My Seattle Kitchen Remodel: Flooring
July 27, 2019 by Leave a Comment
Probably one of the toughest decisions we had to make, next to the counter-tops, was what to do with our flooring. We had a wood floor with a beautiful painted surface. Unfortunately, it was a real challenge to keep it clean and the paint was wearing off. Plus the lighter blond finish didn’t really go with our cabinets.
[Read more…]Rehab Mortgage Loans for Remodeling Your New or Existing Home
May 15, 2018 by Leave a Comment
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…]
My Seattle Kitchen Remodel: Selecting Countertops
August 4, 2017 by 1 Comment
A few weeks ago, I shared that we’re remodeling our kitchen. Boy-oh-boy what a chore it is…we started the process months ago and are just starting to see light at the end of the tunnel. As I’m going through this first hand, I thought I’d share tidbits of things we’re learning along the way. Today, I’ll share the story of our kitchen counters.
Let’s start by discussing what we had on our “old” kitchen (photo above). [Read more…]
Are you remodeling your greater Seattle or Tacoma area home?
April 29, 2017 by Leave a Comment
We’re getting ready to remodel our kitchen and recently discovered Second Use. Second Use is locations in Seattle Tacoma. They sell second-hand items for your home from furniture to all types of fixtures. [Read more…]
One reason to buy vs. rent a home
February 2, 2013 by Leave a Comment
You can remodel your bathroom without having to get permission from the owner.
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My husband is in the process of remodeling our basement bathroom. You can see a glimpse of the salvaged “ship’s door” that will be the door to the commode.
I’ll be sure to share more photos of the progress!
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