USDA Home Loans in Washington State

USDA Loans Apply to More "Rural" Areas in Washington State Than You May Think!   USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits and things [...]

2014-03-13T23:40:57+00:00 Categories: Home Loan Programs|

How has home affordability changed over the years?

Although the prices of homes have risen, the ability to afford a home has improved.  See the chart below for detailed explanation. Wow, the payment to finance a median priced home is nearly unchanged from over 30 years ago:      This comparison is all the more dramatic when you realize that $921 was a much larger [...]

2014-05-30T20:11:23+00:00 Categories: Mortgage|

Is now a good time to move up?

Many clients have told us over the past couple of years they would like to move up to accommodate their growing families or to downsize now that the kids have moved on. While many have already done so, others have felt encumbered by a current home that couldn't be sold for a price that would [...]

2016-11-08T19:02:06+00:00 Categories: Uncategorized|

What do rising interest rates mean?

Rising interest rates can really make people nervous!   That's understandable, but remember that rising rates are usually a reflection of an improving economy. A growing economy means greater expectations for inflation and typically translates into rising home values.   While no one wants to pay more interest, knowing your home's value is likely increasing at a greater [...]

2014-03-12T18:51:38+00:00 Categories: Uncategorized|

What Does Title Insurance Protect Me From?

By including title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged. Many different occurrences can come into play to warrant the need for title insurance. The title company responsible will then take on the legal expenses to defend the property [...]

2016-11-08T19:02:06+00:00 Categories: Home Loans|

Renting vs Buying a Home

Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we've found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the [...]

2016-11-08T19:02:06+00:00 Categories: Home Loans|

Where Does My Earnest Money Go?

Hey, I gave my real estate agent a $5000 Earnest Money Deposit check... Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money - an earnest payment (sometimes called earnest money or simply earnest, or alternatively a [...]

2016-11-08T19:02:06+00:00 Categories: Home Loans|

What Your Agent Should Know About Your Mortgage Approval

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA [...]

2016-11-08T19:02:07+00:00 Categories: Home Loans|
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