What Real Estate Agents need to know about the qualified mortgage rules

The Consumer Finance Protection Bureau has created a Qualified Mortgage Rule (QM) which goes hand-in-hand with Ability-to-Repay rules (ATR).   In a nutshell, here’s a simplified explanation of what QM is all about and how it will affect you and your borrowers when applying for a mortgage loan starting January 10, 2014.   The Mandatory [...]

2016-11-08T19:02:07+00:00 Categories: Good Thoughts with Roger Savy|

Calculating The Net Benefit Of A Refinance

Calculating the net benefit of refinancing can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate. Although there are several reasons to refinance, lowering your mortgage rate to save on interest payments over [...]

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

When is the optimal time to buy?

    It's human nature to want to buy at the optimal price. Yet the optimal time is often a fleeting moment that can be identified only in hindsight.   In reality, we often are most consumed with purchasing at exactly the wrong time. Conversely, the optimal times to buy are typically at the points [...]

2014-02-19T20:12:16+00:00 Categories: Uncategorized|

Is HARP 3.0 coming in 2014?

Are you one of the many homeowners’ in Washington State who have been unable to benefit from the government’s “Home Affordable Refinance Program” or “HARP”? That might be about to change.   Congress recently confirmed Mel Watt as the new Director of the Federal Housing Finance Agency (FHFA) which controls Fannie Mae and Freddie Mac. [...]

Is now a good time to buy a bigger house?

Over the past couple of years many of our clients have decided to move up to accommodate their growing families.  Recently, the benefit for homeowners has been rising values and shrinking loan balances. Together, these factors have created new possibilities for many to sell with a surplus.  You may be wondering, is now a good [...]

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