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first time homebuyer: You Can Still Buy a Home For Zero Down - 10/16/08 12:25 AM
The subtitle of this message should be the paraphrase of Mark Twain: Bank Liquidity-"The reports of my death have been greatly exaggerated."  
 
The media coverage of the financial and Real Estate news has created a lot of confusion amongst the general public.  I have had Realtors tell me that some clients think that all financing for homes has dried up. I have had others shocked when I tell them their client can still get zero down 30 year fixed financing on a home.
I can only speak of what is happening in Washington State and specifically my market area which … (4 comments)

first time homebuyer: Good Time to Buy in Wenatchee - 10/03/08 12:32 PM
For those people who have been looking at homes and are on the fence, I would encourage you to act now and get your mortgage rate locked in, as I think some of today's events will lead to higher rates in the next few weeks, and possibly even today.
The early warning sign was the fact that the stock market rallied on negative news.  This morning's payroll report showed a loss of over 150,000 jobs in September. While this is a negative sign for the economy (these people won't be shopping), the stock market went for the reverse psychology and decided … (0 comments)

first time homebuyer: Against the Bailout - 09/24/08 02:04 AM
Now I know I am not as smart as FED Chief Ben Bernanke and all his advisors, but I have to voice my opinion that  this $700Billion bailout is a bad deal for the economy and the country.
 
First, it will result in a raising of interest rates and a slowing of the economy. This is because the Government will need to finance this plan by issuing more debt (Treasury Bonds, Notes and Bills).  Half of these are already owned by Foreign investors, with China and the Oil-producing countries near the top of the list (the others are Great Britain,Japan, Brazil and … (7 comments)

first time homebuyer: Wenatchee Land- Helping Your Kids Into Their First Home - 06/21/07 02:30 AM
I am currently working on three transactions where relatives are helping the younger generation get into their first homes. I am excited to see this as we are all aware that rising prices in Wenatchee, Leavenworth and Chelan Real Estate markets are making affordable housing for first time homebuyers harder to find.
I recently posted on Geordie Romer's  Leavenworth Real Estate site about using gift money.  However, two of my current transactions involve a relative who bought some land a few years ago,selling the property to the kids at a reduced price and gifting some of the equity to the younger buyer to … (5 comments)

first time homebuyer: Okanogan First time Homebuyers Seminar - 05/17/07 12:38 AM
Okanogan County in Eastern Washington is a beautiful place, and may be one of the last places to find affordable housing. The Okanogan County Community Action council is a great organization that offers homebuyer training on a regular basis. I will be explaining the mortgage process and covering various loan programs at their next class which takes place Saturday, May 19th from 9AM to 4 PM. Click here for registration information.  Also, Veterans who meet the income limitations also are eligible for this program, even if not a first-time buyer. For eligibility details contact me.
 As some people may know, the State of Washington … (0 comments)

first time homebuyer: Affordable Housing in Eastern Washington - 04/04/07 11:50 PM
In North Central Washington, there are still some affordable homes, although they are getting harder to find. First Time Homebuyers and Veterans have a great opportunity to do 100% financing at low fixed rates under the HouseKey program offered by the Washington State Housing Finance Commission (WSHFC).  The program is for homes under $230,000 and there are some maximum income levels to participate in the program. One other requirement is that participants attend a free WSHFC sponsored seminar.  Peoples Bank in conjunction with other agencies is presenting three classes in our region in the near future:
Ephrata Saturday April 21st 9-2:30 at … (3 comments)

first time homebuyer: Home Financing Options for Colville Tribal Members - 03/20/07 01:31 AM
There are several great programs that provide members of the Colville Confederated Tribes with low interest mortgages and down-payment assistance for homes on or off reservation lands.  I recently financed a first home for a couple (she is a Tribal member), where they were able to combine a Down Payment Assistance grant from Colville Tribal Housing with a House Key first time homebuyers loan through the Washington State Bond Program. The builder, Family Home Investments of East Wenatchee covered a majority of the buyer's closing costs.  As a result of these programs and the value that this builder builds into his homes, … (1 comments)

 
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Darel Ansley

Wenatchee, WA

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Peoples Bank

Office Phone: (509) 664-5324

Cell Phone: (509) 860-3301

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