Category Archives: Home Buyers

Wait More Pay More

Freddie Mac predicted it and it is happening. We are past the first quarter of 2018 and the 30-year fixed rate mortgage is going up. The rates will exceed the 5 percent, if this pace continues, by the end of this year. The first of an expected three raises in rates by the Fed has […]


Outlook 2018 Good

Concerned buyers who were unsure about the new tax laws that affect home ownership can breathe a sigh of relief. The 2017 Tax Cut and Jobs Act which was passed by Congress and signed into law treats real estate as a favored investment. Tax laws are in place whether you are living in the home […]


Historical Perspective

Back in 1968, mortgage rates were 8.5 percent. Then the following year, rates dropped to 7 percent. Homebuyers were able to buy a 15 to 20 percent larger home with the same payment if they could get their mortgage assumed. Back then FHA and VA mortgages were very popular for certain price ranges and these […]



Remove PMI to Lower Your Expenses

Private mortgage insurance is usually required on mortgage loans for more than 80 percent loan-to-value. If a borrower defaults on their loan, mortgage insurance will reimburse the lender. You need to be aware that when certain conditions have been met, expensive PMI can be removed. When your mortgage balance has reached 80 percent of your […]


A Good Option in FHA

A sector of the market that is not necessarily being met by other loan programs is being served by FHA insured mortgages. Buyers would love to secure a conventional 80 percent mortgage without mortgage insurance and get the lowest cost of financing possible, but if they can’t put down 20 percent then it isn’t really […]


Benefits to Short Term Mortgages

Considering refinancing? Buying a new home? It maybe worth discussing a 15-year loan instead of a traditional 30-year mortgage. Monthly payments will be higher but your interest rate will be lower and your equity will climb faster. Below I have provided an example for comparison on a $300,000 mortgage with two terms. One 30-year term […]



Mortgage Among Friends & Family

Any lender and any borrower can agree on a set of rates and terms, but the IRS does have certain rules that control this type of transaction specifically when the parties are friends or family. Some of the applicable rules are that the loan must be done in a business-like manner as a written note […]


Tailored Customer Service

As a business, if you expect to have repeat customers and get recommendations to friends, you must treat customers fair. Nordstrom’s customers understand that their salespeople are employees and represent the company as a whole. In some industries, like real estate, the customer service line is not as clear. An Agency is a legal relationship […]