Is the right time for you to purchase a real estate to investment or new home? There are certainly many reasons to purchase real estate now. Real estate has always been an excellent long term investment, but the key to making money in real estate, like the stock market, is to buy low (which would be now) and sell [...]
Coldwell Banker Island Living is pleased to announce the addition of Steve Copson with Coldwell Banker Mortgage Services. Steve’s 35 years of experience in the home loan industry have given him the ability to create a seamless loan process for whatever client needs might exist. He has an in depth knowledge of conventional, FHA, VA, [...]
There’s a home loan program many lenders and home buyers are not aware of that allows for zero down home purchases. It’s called the USDA Rural Development loan. Tim Kammer, Loan Originator for Direct Home Loans in Anacortes says it’s based on the appraised value. He says other mortgage programs work on the [...]
The first time home buyer tax credit is due to end in just 76 days! “First-time home buyers” includes anyone who hasn’t owned a home in the past three years. Since it takes 45 days to close most loans, and may take longer once we near the deadline and lenders get backlogged, we are [...]
The Fed’s 5 Tips for Shopping for a Mortgage On July 29, 2009, the Federal Reserve Board issued a new publication, “5 Tips for Shopping for a Mortgage,” to help consumers find the mortgage that is best for them. The 5 tips, including advice and helpful links, are: 1. Know what you can afford. 2. [...]
Home renovations can be daunting, but financing them doesn’t need to be. Anacortes homebuyers considering a fixer-upper and homeowners thinking about doing major rehab work might want to consider an FHA 203K loan. Often called rehab or renovation loans, 203K loans differ from traditional mortgage loans. Buyers who want to purchase a home [...]
Last Week in Review – Post by Mark Johnson Bank of the Pacific Mark Johnson Real Estate Lending The Bank of the Pacific Office: 360-588-9383 x 3115 Cell: 360-202-1777 Fax: 360-588-9385 E-Mail: mjohnson@thebankofpacific.com Website: www.thebankofpacific.com/Mortgage/bop_staff_mark_johnson.asp “ACTION IS THE REAL MEASURE OF INTELLIGENCE.” Napoleon Hill. Last week was definitely action packed, though only time will tell how [...]
Whether you are trying to make money in the stock market (which is very scary) or real estate (which has always been the safest LONG TERM investment) the philosophy is the same. Buy LOW and Sell HIGH! Part of the formula is not only buying when prices are low, but also buying when interest [...]
According to MSN Money Magazine reporting on report from the Federal Housing Finance Agency, U.S. home prices fell have dropped 4% over the past year. The agency tracks 292 metropolitan areas, and out of those 104 prices showed a decline on a one year basis, however, on a five-year basis just 19 metro areas showed a decline. Real [...]
The headlines this morning are blazing with the GREAT NEWS that mortgage rates have dropped! Today’s rate for a conventional 30 year fixed took a huge drop! If you are a first time home buyer there are great programs for you. If you a vet there are great VA programs…there are many options that you are [...]