When buying a home, you will need to choose whether you want a fixed rate or adjustable rate mortgage. There are scenarios where adjustable rate mortgages make sense, particularly for homebuyers who will only be in their homes for a few years. But for many homebuyers, a fixed rate mortgage is an ideal choice. Following […]
Mortgage Rates Are at Historic Lows and Home Price Increases Have Slowed Making This Favorable Time for Homebuyers
The 30 year fixed rate mortgage averaged 3.58% during the week ending Aug. 29th up three basis points from the previous week. However, mortgage rates remain near the lowest levels they’ve been over the past 3 years. For example, a year ago rates were as high as 4.69 %. This presents a prime opportunity for […]
5 Signs You’re Ready to Buy a Second Home
Are you thinking about applying for a mortgage for a second home, but are not sure whether this is the right time? Even if you have been planning to buy a second home or vacation home for a while, it can be difficult to know if you have finally reached the point where you are […]
Tips for Choosing a Loan Term
One decision you will need to make when you select a home loan is how long the loan term will be. Should you go with a 30-year mortgage? A 15-year mortgage? Another loan term altogether? This is one of the biggest decisions that you will make about your mortgage, and it is one which will […]
5 Credit Mistakes to Avoid When Applying for a Mortgage
When you are about to apply for a home loan, it is important to keep your credit score as high as you can so that you can qualify for the most competitive interest rates and the most favorable terms. It is common for homebuyers to make unintentional mistakes with their credit which can reduce their […]
Second Home Mortgage FAQ
If you are thinking about purchasing a second home, you may have quite a few questions about what you can expect regarding the application process and loan rates and terms. Below are answers to some frequently asked questions about second home mortgages. Q: What are the costs associated with buying a second home? A: Purchasing […]
Tips for Dealing with Credit Score Issues for First Time Homebuyers
As a WA state first time homebuyer, you may not yet have established a perfect credit score. As your credit score has a major impact on the mortgage offers you receive, it is vital that you take the necessary steps to raise your score if possible, and prevent it from deteriorating while you’re shopping for […]
What Can You Do About Rising Housing Costs?
If you been shopping for a home in Seattle, Bellevue, or elsewhere in Washington state, you are probably aware that housing costs have been rising rapidly. Home values themselves have been soaring, and Washington State mortgage rates have also done some climbing over recent years. If this has left you wondering how you can afford […]
Tips for Finding Competitive Mortgage Rates in Seattle
When shopping for a home loan, the feature which many homebuyers tend to look at first is the interest rate. While this is just one aspect of the cost of a mortgage, it is definitely among the most important. Getting a loan with a competitive interest rate can save you thousands of dollars. How can […]
Raising Your Credit Before Buying a Home
Ready to purchase a home in Seattle, Bellevue, or elsewhere in WA, but don’t have a perfect credit score? While there are options for buying a home without ideal credit, you can qualify for the most competitive mortgage options if you raise your score first. If you have some time to do that, here are […]
