Category Archive: Conventional Loans

Jan 02

FISCAL CLIFF 2013 CLOSED: Short Sales, Mortgage Insurance Tax Deductions Survive…

2013

Tweet …At Least for 2013, if you are selling your home short of what you owe (Short Sale) or having a portion of your loan forgiven through reduction in interest rate or principle reduction (Loan Modification) – it won’t be taxed as income (which would have been the case for any transactions closed after 12/31/2012). …

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May 09

Have You Gone Crazy, Fannie Mae?

HomePath Property Search

Tweet Some of the biggest hurdles many of my purchasing clients have these days are being answered by one of the most obscure programs available today. Approximately 1,100 single family, multi-family (2-4 units) homes and condominiums in Washington State are eligible for the Fannie Mae HomePath purchasing program!! For home buyers looking to get into …

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Mar 13

Fannie Mae HomePath Guideline Change: Auction Sales

Homepath

Tweet Fannie Mae HomePath is a great loan program for owner occupants, as well as being the best current program for investors in my opinion. Where else can you pick up a fixer, where the appraisal won’t require a bunch of work orders? If you’re an investor, just be aware that the “First Look” properties are …

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Feb 24

VIDEO: Two Great Zero Down Options for Homebuyers in Washington State

Tom USDA

Tweet Know someone who is looking for a home, but lacks a down payment? I have a couple of great answers worth having a conversation about. Feel free to subscribe, comment, and share! Thank you for subscribing to my blog. I hope it benefits you. Please be sure to leave a comment or question below- …

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Jan 13

Why are rates going up next month, and why should you care?

Tweet DISCLAIMER – Boring “mortgagese” below. I’ll cut to the chase and tell you first why you might care about what I am about to share with you: If you or someone you care about is contemplating a new mortgage in the coming days, and are waiting for a reduction in rates – keep in …

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Nov 03

Owe More Than Your Home Is Worth? Help May Be On The Way!

Tweet The Federal Housing Finance Agency announced changes to the Home Affordable Refinance Program (HARP) in an effort to attract more eligible borrowers who can benefit from refinancing their home mortgages. The new rules will remove the current loan to value cap and will allow borrowers who are current on their mortgages to refinance regardless …

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Sep 08

Renters & Thinkers…

Was it worth Waiting?

Tweet Don’t think too long…it’s still not too late to get in while the buying is still great. Take a look at these figures below that were just posted by the National Association of Realtors (NAR) – then contact me if you would like to discuss pre-approval, budgeting, and whether buying a home makes sense …

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Sep 02

Bank of America Trying to Sell What?

main

Tweet It appears that Bank of America’s announcement regarding their intentions to sell the giant bank’s Correspondent Mortgage Lending division is not going to hurt any of my clients. Bank of America has been pricing themselves out of the market over the past few weeks anyway – and we have many other investors who are …

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Jul 08

Not Saving Fast Enough For Your Down Payment?

Cash

Tweet I’ve been hearing this question from a lot of my buyers lately; so I thought I would take a moment to clarify. Just how much is enough money to put down on a home purchase in today’s world? This question can be spun in many different directions depending on your specific situation; so here are the …

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Jul 07

Are Rates Really Increasing?

Mortgage Rate History

Tweet   There’s some news floating around that mortgage rates are increasing; and that applications are down…We’re still in the mid-4′s on most 30 year fixed loans – so contact me if you want to know what’s available for your situation while they’re still this low!

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