March 2, 2012

HARP 2.0 Coming March 2012 Facts and Fiction


The new  enhanced HARP 2.0 is slated to be available March 19th. There are so many misconceptions about this new program floating around that I thought it was prudent to sift facts from fiction.

  1. Does my loan have to be backed by Fannie Mae or Freddie Mac to ...
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Feb. 3, 2012

Why short sale instead of foreclosure?


I am consistently asked “why I would list the house for short sale instead of just walking away?”


Besides the financial benefits, the short sale process is the right, honorable choice instead of foreclosure. I am talking about when the home owner is just abandoning the property ...

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Nov. 3, 2011

Fannie Mae HomePath Program is Attractive Financing Solution for Condos

Seattle Condo 

Fannie Mae HomePath Financing

The Fannie Mae HomePath program is an attraction solution for financing condos and townhouses.  Many people are familiar with HomePath's attractive features for all types of properties: down payments as low as 3% of the purchase price, seller contributions up to 3.5% of ...

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Sept. 13, 2011

Edmonds Washington Real Estate


Hey looking to purchase a home in the Pacific NW!

Have heard the word there’s a new 100% financing program on the table and in some cases income isn’t a dis-qualifier. Its based on the income levels where you want to purchase you next property. All that’s needed is ...

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May 13, 2011

Federal Government Considers Not Guarantying Jumbo Loans

Federal Government to Consider Not Guarantying Jumbo Loans

A news item today in the Finance section of Yahoo, showed a news article in the New York Times reporting housing might take another blow as President Obama's administration is considering stopping the guaranty of larger home loans.  It quotes ...

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May 1, 2011

Adjustable Rate Mortgages-Are they still a good choice?

Should you choose an Adjustable Rate Mortgage?

In the recent past, many people were in deep trouble due to Adjustable Rate Mortgages on their homes.  This was due to a couple of factors: first, they came due in short periods of time and had to be renewed; and secondly ...

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March 21, 2011

Why Are Homes Selling so Fast Right Now in Seattle?

The Seattle Real Estate market is, in my humble experience, sizzling right now.  Last spring things were discernibly slower than usual, although there was definitely a spring rush.  But this year quite often it's an all-out sprint to be the first one to get an accepted offer ...

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Feb. 9, 2011

The Effect of Rising Interest Rates on Your Purchasing Power as a Buyer

Mortgage rates have risen steadily since November of 2010 and after five straight days of  deterioration the best execution for 30 Year Fixed Conventional loans is now hovering around 4.875%-5.125% , depending on the credit rating of the borrower and fees on the loan.   Rates are expected to continue to rise as the market for Mortgage Backed Securities ...

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Aug. 2, 2010

4% For a 30 Year Fixed Mortgage!?!

Yes, that's not a typo or missing some additional .5 or .75.   As mortgage backed securitities continue to gain steam due to overall weakness in the economy the rates for Conventional and Government loans have reached new lows.   For the first time in my time as a Loan ...

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June 29, 2010

Mortgage Interest Rates At Ridiculously Low Levels

It's been awhile since I posted but I've been able to get a couple free minutes and had to point out what's happening in the mortgage industry these days.  Over the past week Treasury Notes and Mortgage Backed Securities keep gaining in appeal as investors move ...

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