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

US Mortgage Rates Drop to New Record Lows

How low can they go? US Mortgage Rates Drop to New Record Lows

The average U.S. rates on fixed mortgages dropped again to record lows, giving would-be buyers even more incentive to brave the housing market.

Freddie Mac reported Thursday that average rate on the 30-year loan fell to 3.56 percent (down from 3.62 percent last week and the lowest since long-term mortgages began in the 1950s).

The average rate on the 15-year mortgage dropped to a record low of 2.86 percent (below last week’s previous record of 2.89 percent).

The rate on the 30-year loan has fallen to or matched record low levels in 11 of the past 12 weeks.

These low rates make it an excellent time to buy or refinance for those who are able. 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!

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be important to thousands of applicants seeking low-down-payment home mortgages, the Federal Housing Administration has rescinded tough new credit restrictions that had been scheduled to take effect this Sunday.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Some industry experts estimate that if the now-rescinded rules had gone into effect, as many as one in three FHA loan applicants would have had difficulty being approved.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…

Mortgage Rates Fall to Yet Another New Record – a Low of 3.66 percent

Mortgage Rates Fall to Yet Another New Record – a Low of 3.66 percent

Freddie Mac reported Thursday that the average U.S. rate on a 30-year fixed mortgage dropped to a record low of 3.66 percent (down from 3.71 percent the previous week) for the seventh time in eight weeks. The rate on the 30-year loan has been below 4 percent since December.

The average rate on the 15-year mortgage dropped from 2.98 percent the previous week to 2.95 percent, which is just above the record 2.94 percent reached two weeks ago.

These low rates make it an excellent time to buy or refinance for those who are able. 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!

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!