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Mortgage Finance
The home purchasing and finance process is very important to your financial future, to that end we have partnered with Homestreet Bank to bring you Windermere Mortgage Services. There is no better way to approach the buying process then to do so with your financing in order and a pre-approval letter in hand to give peace of mind to not just the seller, but yourself as a buyer as well. Knowing the limit you are willing to spend, the cost of the loan, and taking the financial stress out of the process are important to your future decisions and your home buying experience.
In addition to Windermere Mortgage Services, there are many other mortgage bankers and brokers in our communities to help you with financing your buying decisions. Your Windermere agent is glad to give you his or her recommendations.
July 30th, 2010
Jumbo’s Coming Back?
G ood news on the Jumbo loan front, the first securitization since 2008 closed late this spring which may point to the beginning of a recovery in the higher price range for real estate. Until this $238 million dollar securitized deal was sold all jumbo loans had to be portfolio loans which banks are reluctant to do. This …
March 9th, 2010
Tales from the Short Sale Side
A n agent in our Anacortes office received the following email from an attorney client of ours who represents an Estate, we'll call it the Estate of John Doe, to protect the innocent/dearly departed (I knew him, he was actually "dearly"). I share this email with you for two reasons, first, it's hilarious and well written. …
January 5th, 2010
First Time Homebuyer Tax Credit News
Great news on the First Time Homebuyer Tax Credit plan The First Time Homebuyer Tax Credit gets you 10% of the value of the home up to$8,000! If you do not owe $8,000 in taxes, you receive the balance in cash via a check mailed directly to you. You may qualify for the first time homebuyer tax credit program if you meet …
September 21st, 2009
Who Will Buy My House??
Selling your house in this market is not a laughing matter, but just like a comedian, you need to know your audience to have a successful show (or - in this case - successful sale). Mortgage guidelines have changed significantly since the housing bubble came and went, and sellers need to know who is out there buying and …
September 11th, 2009
What is Your Property Worth in the Current Market – or – Who Invited the Appraiser, Anyway?
I don’t have to tell you that there are a lot of factors to be considered when determining property values - some scientific, (probablities, sales histories, market averages, etc.) and some emotional (how motivated is the seller, can that one-in-a-million buyer live without the property, etc.). One thing is certain, …
September 9th, 2009
Sharp increase in demand for mortgages
A pplications for mortgages surged 17 percent last week as lower interest rates spurred demand for both refinance and purchase loans, the Mortgage Bankers Association said in releasing the results of its Weekly Mortgage Applications Survey. Applications for refinancings were up 22.5 percent for the week ending Sept. 4, …
April 28th, 2009
Tax Credit Advance Loan Program
G reat news coming out of Olympia! Washington Realtors is in the process of teaming up with the Washington State Office of the Treasurer, Housing Finance Commission, and a yet to be selected financial institution to create an easy way for first time homebuyers to borrow the up to $8,000 Federal tax credit to help with down …
March 17th, 2009
Short Sale or Foreclosure – A Snapshot:
I f you are currently in a situation where you are wondering whether you should attempt a short-sale or allow your home to go into foreclosure, or even declare bankruptcy, there are many things to consider and a couple people you should consult. Generally speaking a Short-Sale will not damage your credit as deeply or for …
March 4th, 2009
Obama Launches Housing Plan
I f you are in danger of foreclosure go to this website now and check out the options that may be available to you. You can check to see if you qualify for either a modification of your current loan, or a refinance which previously you may not have qualified for due to either loss of income, or loss of value in your home. …
February 4th, 2009
New Homebuyer Tax Break Approved Today! – read update at end of article
T he Senate just ok'd a new tax break of up to $15,000 to homebuyers in hopes of stimulating the real estate sector of our economy. This proposal will allow a tax credit of 10% of the value of a home, up to $15,000, for both new and existing residences. Currently the only tax break available was one up to $7,500 and only …
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