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mortgages: NEW FHA Mortgage Insurance Premiums to affect Buyers Starting APRIL 5th 2010 - 01/24/10 01:01 PM

 
Starting April 5th, new FHA mortgages will require a 2.25% of the loan amount be paid up front or financed into the loan by buyers.  This is an INCREASE in the FHA Mortgage Insurance Premium.  The current amount (prior to April 2010) is just 1.75% of the loan amount.
 
How does this simple change in upfront FHA Mortgage Premiums affect buyers?
Borrowers (Buyers) will incure higher closing costs if they are paying the mortgage insurance premium upfront at closing Borrowers (Buyers) that choose to finance the mortgage insurance premium will incure slightly higher monthly payments because there loan … (2 comments)

mortgages: Is it a Good Time to Sell in Seattle? - Definitely Maybe - - 11/21/08 02:43 PM
Three fantastic points about the current real estate market:
All of the not so good agents and part-timers (idiots!) are getting out of the business Everything is on sale! It IS a good time to sell your home*  
*IF you are a young family in a cramped two bedroom condo and just found out that you are expecting twins, THEN it is DEFINITELY a good time to SELL. 
*IF you are offered a company relocation to a job that you have wanted for a long time and there is opportunity for growth in the new position, THEN it is DEFINITELY … (0 comments)

mortgages: Zero Money Down Mortgages Are AVAILABLE - Fannie Mae & Freddie Mac have them!!! - 06/15/08 12:40 PM
I'm heading out to do an open house in Leschi right now, but just wanted to get this out here.  Quite a few people have asked us lately about how much money they have to put down to get a mortgage.  I think the national media have done a good job of making the 2 million or so 'bad' loans that were made over the last 7 years stand in place of all mortgages...  This article ran in the Seattle Times today, as a reprint from The Washington Post.  Fannie Mae and Freddie Mac both have zero down programs and can … (3 comments)

 
Josephrepic

Joseph R Hill

Seattle, WA

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Imagine Properties NW Team @ Keller Williams Real Estate

Address: Keller Williams Realty, 1307 N 45th St #300, Seattle, WA, 98103

Office Phone: (206) 632-2636

Cell Phone: (206) 218-8448

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