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…]
Reduce your mortgage payment AND improve your your home with a refi
April 22, 2021 by Leave a Comment
Recently I helped some clients refinance their mortgage on their home in Tacoma. Not only did we dramatically reduce their monthly mortgage mortgage payment, but they were also able to make some improvements to their home. [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.
