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eastern washington construction: How Greek pensions affect your house payment - 05/12/10 02:36 AM
Last week's stock market jitters proved once again that the financial markets are not back to normal by any means.  So what is happening to interest rates?  Well, since we are in a global economy, what you pay per month for your house is affected by the government pensions being paid out in Greece.
 The short answer is that when we really are in an economic recovery, mortgage rates will rise; but for the short term, while things are shaky, we have these great low rates, with 30 year mortgages in the 4.75%- 4.875% range.  If someone is on the fence … (3 comments)

eastern washington construction: Owner-Builders Saving Money - 07/07/09 02:27 PM
This year, probably half of the construction loans I have done have been for owner-builders. This is the term we use for people who are building a home without a general contractor. In reality, the projects vary from individuals who never lift a hammer and just schedule all the subcontractors, to the people who are out there on the project themselves setting their own concrete forms and doing all their own framing and finish work. 
For those who are a little nervous about being completely in charge, there are now lots of consultants available, as well as companies who will build … (1 comments)

eastern washington construction: Financing an As-Is Home in Wenatchee - 12/02/08 01:05 AM
One fallout from the current market is the increase in homes being sold As-Is. Either a builder was unable to finish, or maybe the house went back to the bank in less than perfect condition.  Either way, you end up with Sellers who don't want to put more cash into the house, they just want to sell it. While there are many more in other parts of the country, we in Wenatchee and all over Eastern Washington are seeing more and more of these.
These are huge opportunities; you will see homes for $150,000 that with $30,000 worth of work would be worth $250,000.  Instant … (0 comments)

eastern washington construction: Wenatchee Construction Update - 01/29/08 12:31 AM
I have talked to several people this month who are buying land in our area with plans to have a home built in the near future.  As most of the questions are similar, I thought I would fill people in on Construction Lending in Wenatchee, Leavenworth and Chelan. 
First of all, its Winter here, which is very pretty, but if you didn't pour your foundation beforehand, you'll need to wait until it thaws.  Depending on where you are in the area, that can be anywhere from February to May.   Also, people who are finishing homes right now are generally moving in … (0 comments)

 
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Darel Ansley

Wenatchee, WA

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Peoples Bank

Office Phone: (509) 664-5324

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