Clearing up some of the misunderstandings about downpayments pertaining to buying a home. Select the image for the video.
Thank you for your interest in the market statistics for King County and interest rates as of July 18. I’ve taken the liberty to point out a couple things in the video below.
Market statistics are also available for the Portland, OR area. Please contact me at 206-617-6400 or email@example.com.
Interest rates remain historically low which means being able to purchase a larger house more possible than ever. I team up with the Mortgage Moms Team of Evergreen Home Loans to make your dreams come true.
There has been lots of chatter regarding financing for home purchases as well as changes in a Purchase Agreement that affects any aspect of buyer’s loan which in turn affects closing. Amy Benedetti of Vitek Mortgage (206-459-5747 or abenedetti.teamvitek.com) has generously agreed to discuss this matter in further detail.
Peter of Fairway Mortgage shared a program that allows for a non rush 15 day closing. In this day and age of competition for nice homes, this helps bridge the gap for all cash offers.
This information comes via Rosa Briggs of American Pacific Mortgage and felt it was important enough to share…”I wanted to get this news to you right away! Currently those buyers with a prior short sale can buy again in 2 years using a Conventional loan with 20% down.
This is changing, effective August 16th (guidelines change by Fannie Mae). The waiting period after a short sale will be increased to 4 years, unless they qualify under the extenuating circumstance guideline.
I know I have clients this will affect as I’m sure you do too. So between now & August 16th is the sweet spot to buy. (Note: loan application must be made prior to 8/16, but can close after 8/16)
There are some other changes but this one will have the most affect right now! “
“I first met Sandy several years ago when the realtor handling my condo short sale decided to retire, and passed me along to Sandy. I was uncomfortable with the idea of working with someone I didn’t know, especially on such an personal situation (losing my job and having to sell my first home).
I couldn’t have been in better hands. Sandy navigated the difficulties of a short sale professionally and reliably, and the outcome was positive. Over the years that followed, Sandy always stayed in contact and remained interested in my family and our activities. When it was time to start looking for a house again, Sandy was ready to devote time, thought and attention to our search for the perfect house.
He was prompt at answering calls and texts, and was always willing to work at odd hours when time was of the essence. We closed on our perfect family home last month, and are grateful to Sandy for his knowledge base, as well as his helpful personality, that made it possible for us to get everything we wanted. We highly recommend him to anyone looking for a real estate professional!”
Are you looking at a house to purchase AND the house has an existing tenant? If you’re thinking that you can just evict the tenant so you can move in, not so fast. There are definitely some things to consider. Even if you plan on keeping the property as a rental, this video has little pearls of wisdome will help minimize being caught off guard.