Unlocking the Mystery of Seattle Home Ownership

Unlocking the Mystery of Seattle Home Ownership

Seattle & Bellevue Home Buyers be prepared to unlock the mystery of "How much can I afford?" The Mortgage Reel breaks down the numbers and answers questions to empower buyers.   The above scenario is based on the following terms: *Interest Rate 5% *APR 5.852% *Credit Mid Score 680 *This option is structured and based on the October 4, 2010 guidelines.   If you opted to buy before October 4, 2010 your monthly payment would be slightl

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Senate Approves New FHA Premiums Starting October 4, 2010

As a Seattle real estate buyer with a FHA pre-approval please read this!  Also if you are a Seattle home owner with FHA financing, this is just as important if you are considering to refinance with today’s extremely low rates.   On August 5, 2010 Congress passed HR5981 which allows FHA to increase monthly insurance premiums on FHA home financing.   Current FHA loan structuring has an Upfront Mortgage Insurance Premium funding fee of 2.25%

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10 Tips to Sell Seattle Real Estate

1. Improve your curb appeal The front yard is the first thing a buyer sees when visiting your home. You must maintain your yard to leave a great first impression. 2. Homeowners' responsibilities Repairing the minor problems inside and outside will improve the presentation of the home. 3. Remove the clutter Minimizing the items in each room allows for rooms to look larger and more spacious. Space allows buyers to imagine their personal living ar

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Seattle Real Estate Alert! Fannie Mae Announcement

Seattle Real Estate Alert! Fannie Mae Announcement

Fannie Mae announced on May 27th 2010 that it will no longer purchase loans on bank owned foreclosed properties with a “Right of Redemption”. What is the “Statutory Right of Redemption”? The Statutory right of redemption is the legal right afforded to foreclosed borrowers that gives them the right AFTER the foreclosure to reclaim the property for up to a year after they lost in a foreclosure. To exercise this right, they would need to

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In The News

Bellevue Real Estate Values Benefit from Strong School District

August 26, 2010 Education

Bellevue Real Estate Values Benefit with the strength of the Bellevue school district. Home buyers look to purchase homes in the boundaries of Bellevue Schools, but real estate values carry a premium because of the demand.

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Seattle Home Loan Approval or Deal Killer From Fannie Mae

August 24, 2010 Latest Posts

Seattle real estate buyers & owners applying for a new mortgage need to educate themselves on Fannie Mae’s LQI process. As a qualified borrower, the last thing you want is to go to closing and receive a loan denial. During the home loan process, any financials related to credit, must be discussed with your licensed loan originator.

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Seattle FHA Refinancing Without An Appraisal

August 24, 2010 Latest Posts

FHA Streamline refinancing allows Seattle homeowners to waive an appraisal. The combination of today’s rates and Seattle real estate values, the opportunity for an appraisal waiver is huge. Secure a historically low interest rate and save instantly.

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Seattle Real Estate Reel, Seattle Area Home For Sale

August 13, 2010 All Individual Listings
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Enjoy the conveniences of city living in your own urban oasis, nestled along the park on a quaint, tree lined road. Spacious floor plan with 3 bed/2 full baths, designer colors throughout, and an abundance of natural light. Kitchen opens to dining area and back porch. Incredible outdoor space in private back yard. Walk to [...]

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Strongest Housing Markets by 2014

August 10, 2010 Latest Posts

Washington state has the highest growth forecast over the next 4 years. Seattle real estate is projected to rise 25.5%, Tacoma real estate is expected to rise by 33.1%. In the lead is the Bremerton-Silverdale area, which could increase their home values by 44.7%.

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Seattle’s 98118 zip code is the most diverse in the country

August 10, 2010 Latest Posts

Seattle real estate located in the 98118 zip code ranks first as the most diverse zip code in the country. From Columbia City to parts of Rainier Valley the 2000 U.S. Census claims over 59 languages spoken. Seattle homeowners love the diversity and community.

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National Average Credit Scores

August 10, 2010 Latest Posts

Seattle Real Estate owners and buyers average a credit score of 707!! This is a huge bonus when qualifying for a home loan in today’s market. All lenders heavily consider a borrower’s credit score which directly impacts the interest rate you would receive.

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Senate Approves New FHA Premiums Starting October 4, 2010

August 7, 2010 Latest Posts

Seattle real estate owners and buyers, with FHA financing. Increased premiums are set to start October 4, 2010. Review your financing to see how this impacts your purchase power or your opportunity to save money in today’s market.

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10 Tips to Sell Seattle Real Estate

August 6, 2010 Latest Posts
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Selling Seattle Real Estate today, includes a number of responsibilties from the home owner to the Real Estate Agent. Knowing some helpful tips can make your home sell in 10 days or less.

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U.S. House backs homebuyer tax credit extension

June 30, 2010 Latest Posts

Extension of the Homebuyer Tax Credit has been approved by the US House of Representatives and is up for vote with the Senate. The deadline will be moved to September 30, 2010.

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