Clearing up some of the misunderstandings about downpayments pertaining to buying a home. Select the image for the video.
Lease Amount: $4000/mo
Bedrooms: 4 Bedrooms + Den or 5 bedrooms
Bathrooms: 3.5 (2 Full/.75/.5)
Lot: 1.6± Acres
School District: Lake WA
A well loved spacious 2-story combined with an acre plus lot in desirable Sammamish gives a combination of being relatively close in but yet lots of elbow room. This luxurious home has the most amazing great room and a main floor bonus room. Five upper level bedrooms that receive views of the expansive yard.
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.
I’m here with a foundation contractor who is kind enough to take the time to share a few signs that a house may have foundation problems.
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!”