Is Mortgage Qualifying Getting Easier? - 10/30/07 12:50 AM
In the last week, it appears that Fannie Mae is loosening the reigns and making mortgage qualifying easier. I won't try to completely explain Automated Underwriting here, but basically, when we as lenders take an application for a loan that will be sold to Fannie Mae or other investor, we gather all the details (4 comments)
Wenatchee Fall Construction Race - 10/15/07 12:02 AM
It's that time again; every Fall in the Wenatchee area, builders scramble to get their foundations poured before it freezes, giving them a chance to get their homes framed in so they can work inside during the Winter. Some years have been mild, where you could excavate and pour concrete all (3 comments)
Great news for Veterans and First Time Homebuyers - 10/04/07 01:29 AM
In the State of Washington, the HouseKey program has resumed it's funding. This means Veterans and anyone who has not owned a primary residence in the last 3 years can get 100% financing for their home purchase, including manufactured homes and condos. The program is offered through specific loan officers who have (3 comments)
Refinance Boom in Wenatchee - 10/03/07 01:54 AM
With the extraordinary increase in home values over the past 2-3 years, most people gained a lot of equity in their homes and land. I am now seeing a lot of people coming in to refinance; some to take equity out, others to eliminate PMI (Private Mortgage Insurance). I closed loans (2 comments)