I attended a mortgage seminar today and here are just a few interesting facts!

  • That there are no restricted markets in Washington
  • 27.2% is the prediction that Freddie Mac and Fannie Mae economists say our business will increase in 2011!
  • 97% is the Max Loan to Value for any loan closing with Mortgage Insurance coverage
  • 45% is the Max Debt to Income allowed with Mortgage Insurance coverage
  • Did you know that 723 fico is the median credit score in Washington State?

Nulla Tenachi Invita Est Via-

For The Tenacious, No Road Is Impassable

  

Heather Burns

Home Mortgage Consultant

Guild Mortgage Company

150 120th Ave NE # 200
Bellevue, WA 98005

425-945-8035 Office

206-714-3522 Cell

www.guildmortgage.net/heatherburns

 

 
Posted by Heather Burns on 02/09/2011 03:39 PM   Comments (0)   Mortgage Market Commentary in the ActiveRain Channel  
Short URL: http://actvra.in/584

The fee associated with a short sale negotiator is considered a sales…
08/17/2010
share
More and more we are seeing on a conventional purchase that the property seller is using a negotiator to reduce their balance owed to the bank. If a short sale negotiator handles this they will have a fee associated with this service. Some… more
USDA- Rural Housing "Out of Funds"
07/13/2010
share
Garanteed Rural Housing is unable to issue Loan Note Guarantees until Congress restores the funding authority (I have not heard when this will be) Once funding is restored on these loans, there are two possible scenarios: •1. The funding fee… more
Interesting facts you would not hear from the Firework Industry
06/23/2010
share
As the 4th of July has always been one of my favorite holidays, I was easily lured into reading an article, in the June edition of Smart Money Magazine, about the ten things the fireworks industry won't disclose to the general public. Many, myself… more
RATES ARE GREAT!!!
05/07/2010
share
Interest Rates have fallen… if you have any thoughts on refinancing or purchasing it is a good time!!! Call to get a current rate quote based on your personal situation. Heather Burns Home Mortgage Consultant Guild Mortgage Company 425… more
Should the client wait?
04/09/2010
share
Multiple clients have asked should I wait. Here is the worry. The first time buyers that have made offers on bank owned or short sale properties have yet to hear back if their offer has been accepted. Negotiations can take weeks… and in some… more
FHA Upfront Mortgage Insurance Premium Increases!!!
03/25/2010
share
FHA is increasing the upfront mortgage insurance premium! Currently on FHA loans 1. 75% is collected, effective on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium (UFMIP) of 2. 25%. This policy change will increase… more
USDA- Running out of funds?
03/12/2010
share
USDA has indicated they will be "out of funds" by April 30th 2010. At this time we are unsure of the status of the program. If this program is important to you and your borrowers it has been advised that you make contact with the following… more
Making Home Affordable Refinance
02/25/2010
share
The Making Home Affordable refinance program is set to end… This program was designed to help borrowers that are current on their home but the value of their home has decreased. When announced in March 2009, the Home Affordable Refinance… more
First Time Buyers Time is Running Out!
02/22/2010
share
$8000 Tax Credit Deadline April 30th- Close by June30th No Tax Credit $300, 000 Purchase Price $10, 500 Down Payment $10, 500 $289, 500 Base Loan Amount $289, 500.. more
 

Heather Burns

Kirkland, WA

More about me…

Guild Mortgage Company

Address: 150 120th Ave NE STE #200, Bellevue, WA, 98005

Office Phone: (425) 945-8035

Cell Phone: (206) 714-3522

Email Me



Links

Archives

RSS 2.0 Feed for this blog