If you are thinking about purchasing a second home, you probably already have figured out that doing so makes financial sense overall. But that doesn’t mean that there are not some hurdles to clear, one of which is figuring out how to afford the down payment. If you have not come up with a way […]
How to Minimize Closing Costs
Along with your down payment, interest rates and mortgage premiums, you need to think about the closing costs of your mortgage. The closing costs for mortgage include several different fees, such as: • The loan origination fee • The appraisal fee • The cost to pull your credit report • Discount points • Attorney fees […]
How Blue Square Mortgage Can Save You Money as Your Washington Mortgage Broker
Over the past few years, we’ve been seeing a lot of growth in the mortgage broker sector. Mortgage brokers are different from traditional lenders. But as a borrower, you may not be familiar with the distinction between the two. You also may not be aware that a mortgage broker can save you money. A mortgage […]
What to Know About Applying for a Mortgage When You Are Self-Employed
Applying for a home loan as a self-employed borrower can present obstacles which the traditional employee might not need to navigate. But you do not need to feel discouraged. It is possible to qualify for a competitive home loan in Washington if you own your own business. Applying for a Mortgage When You Are Self-Employed […]
Why Buy a Home With a Fixed Rate Loan?
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. Buy a Home in Seattle, WA Q: What are the costs associated with […]
