Check out our Handy Calculators!

Check out our Handy Calculators!

Whether you’re buying a home or refinancing an existing loan, we have a calculator that can help you make the right decisions!

Determine exactly which deal offers the lowest monthly payments, how much home you can afford, and whether it makes sense to rent or buy, and more.

WAHomeowners Calculators

FHA retreats on tough new credit rules for borrowers

FHA retreats on tough new credit rules for borrowers

In a policy switch that could be important to thousands of applicants seeking low-down-payment home mortgages, the Federal Housing Administration has rescinded tough new credit restrictions that had been scheduled to take effect this Sunday.

The policy change would have affected borrowers who have one or more collections or disputed-bill accounts on their national credit-bureau files, where the aggregate amounts were $1,000 or greater.

Some industry experts estimate that if the now-rescinded rules had gone into effect, as many as one in three FHA loan applicants would have had difficulty being approved.

Read More on The Seattle Times…

Homebuyers need to steer clear of FICO-score potholes

Homebuyers need to steer clear of FICO-score potholes

Experts in the credit-reporting field say that despite FICO’s good intentions, bad things can happen on inquiries — requests by lenders and others to pull your national credit-bureau reports.

In a marketplace where lenders are demanding record-high FICO credit scores — Fannie Mae and Freddie Mac are averaging around 760 on approved mortgages this year — are you a little fuzzy about what can push your scores up or down?

Read More on The Seattle Times…

Are you thinking of buying a home? Now is a great time with this market and interest rates so low! Check out our Homeownership Simplified section a for information & tips on buying a house in Washington State as well as our handy calculators to figure out potential mortgages, closing costs, and more!

Mortgage rates hits yet another record low of 3.84 percent!

Just when you think they are as low as they will go the mortgage rates drop some more. If you are ready to buy or refinance, now is a great time to do so!

Mortgage rates hits yet another record low of 3.84 percent!

Freddie Mac reported Thursday that the rate on the 30-year loan dropped to its lowest point yet of  3.84 percent (previous record was 3.87 percent in February).

The 15-year mortgage rate also fell to its lowest on record of 3.07 percent.

Are you thinking of buying a home? Check out our Homeownership Simplified section a for information & tips on buying a house in Washington and our handy calculators to figure out potential mortgages, closing costs, and more!

 

 

Rate on 30-year mortgage drops to 3.88 percent

Rate on 30-year mortgage drops to 3.88 percent

Freddie Mac reported Thursday that the rate on the 30-year mortgage loan dropped to 3.88 percent (down from 3.98 percent) which is just above the record low rate of 3.87 percent reached in February.

The 15-year mortgage dropped to a record low of 3.11 percent (down from 3.21 percent last week) beating the previous record of 3.13 percent that was hit last month.

If you are in a position to buy, now is an excellent time with both housing prices and mortgage rates so low. Check out our Homeownership Simplified section for helpful information on buying a home in Washington State!

Interested in how different mortgages and rates affect monthly payments? Check out our handy Wahomeowners Calculators to see!