A lot takes place on closing day. Over the course of several hours, you will finish signing your paperwork and you will transfer the funds for your down payment and closing costs. You will also participate in something called the “final walkthrough.” The exact timing of the final walkthrough can vary, but usually it will […]
6 Mistakes to Avoid When Buying Your Second Home or Vacation Home
With its beautiful coastline, majestic mountains, and welcoming communities, Washington state is an incredible place to take a vacation—or purchase a vacation home. If you have fallen in love with our breathtaking state, you might be getting ready to buy a second home or vacation home in WA. Or, maybe you already live here, and […]
What is a Certificate of Eligibility?
If you are applying for a VA mortgage or for an Interest Rate Reduction Refinance Loan (IRRRL) to refinance a VA loan, one thing you will need to provide with your documentation is your Certificate of Eligibility, or COE. Wondering what a Certificate of Eligibility is, and how you can get yours? Let’s go over […]
8 Ways to Make Buying a Home Less Stressful, Part 2
Does buying a home need to be stressful? Not necessarily. It can be a very enjoyable process, but there are some steps you need to take if you wanted to go smoothly. In 8 Ways to Make Buying a Home Less Stressful, Part 1, we talked about a few things you can do to make […]
8 Ways to Make Buying a Home Less Stressful, Part 1
Getting ready to purchase a home? Whether or not this is your first rodeo, you are embarking on a journey that is going to involve a lot of hard work, planning, and coordinating. But buying a home does not need to be a stressful experience. Let’s go over some things that you can do to […]
VA IRRRL FAQ
Are you looking to refinance an existing VA mortgage into another VA home loan? If so, you may have a number of questions about how VA to VA mortgages work. Known formerly as “Interest Rate Reduction Refinance Loans,” they are called IRRRLs for short. Let’s go over answers to some frequently asked questions about IRRRLs. […]
Pre-Approval vs. Pre-Qualification: What is the Difference?
An important step in the home buying process is to get pre-approved for a mortgage. But have you ever wondered what the difference is between pre-approval and pre-qualification? In this post, we will consider the similarities and differences between the two and how they relate to each other. Pre-Qualification vs. Pre-Approval: Are They the Same […]
How to Fix Credit Report Errors When Buying a Home
Are you trying to purchase a home or refinance a mortgage? If so, you know that your credit score is one of the main factors that determine what mortgage rates you are eligible for. One important step to take before you apply for a home loan is to check your credit report. Your score is […]
How to Improve Your Chances of Mortgage Approval During Retirement
If you are retired and want to buy a home, you may wonder how retirement impacts your chances of qualifying for a mortgage and what you can do to improve your eligibility. The first thing to know is that under the Equal Credit Opportunity Act, no lender can legally refuse to offer you a mortgage […]
What to Know About Employment Requirements When Applying for a Mortgage
One of the most important factors in qualifying for a mortgage is your employment status. Unless you are retired and no longer need to be in the workforce, a lender is only going to consider offering you a loan if they can trust that you will continue to earn the income necessary over the years […]
