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wenatchee fha: Investing in Mortgages - 12/12/08 12:27 AM
I lost out on a transaction with one of my clients the other day; but I think they made the right choice by not refinancing with me. 
I had financed a spec home for them near Lake Chelan which has not sold. I was in the process of refinancing it into an investment property on a 30 year fixed loan.  These days Fannie Mae adds all kinds of extra fees for investment properties, and less than perfect FICO scores etc.  They weren't taking any cash out, and the loan is less than 60% of the current appraised value, but it was still going … (1 comments)

wenatchee fha: Mortgage Rates Headed Up - 10/09/08 10:37 PM
I am not one that likes to make negative predictions, but the recent financial news leads me to conclude that mortgage rates will be going up.  For those who are ready to buy or refinance, I believe now is a good time to lock in your interest rate.
If you want the long version, read on:
Normally a drop in the stock market leads to lower mortgage rates. This is because investors get worried about the future returns from their stocks, and decide instead to put part of their money into guaranteed returns of bonds, including Mortgage Backed Securities. With supply and … (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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