arthur buhrer: USDA loans are helping residents of Clallam County buy homes for Zero down. - 01/27/10 05:38 PM
In December I personally closed on four USDA purchases here in the Sequim and Port Angeles Area.
What makes the USDA loan so attractive to homebuyers?
1. This loan requires no down payment. Some may say that homeowners need to have a little skin in the game and don’t like Zero down loans. While I do agree with this point my experience is that for many people in our area 5-10% down payment is sometimes out of reach for them; especially folks starting out or going through major life changes.
2. Compared to the FHA mortgage, USDA loans do not require … (0 comments)

arthur buhrer: How the first time home buyer tax credit helps sales in Sequim and 3 points you need to know about the tax credit extension. - 01/26/10 03:22 PM
Initially the first time home buyer tax credit didn’t seem like a motivational factor for residents here in Sequim and Port Angeles. However, since August, once people began to see time winding down on the tax credit; purchases began to increase quickly. For many locals who have be patient are now finding lower home prices, lower interest rates, and all this with an $8,000 credit on the horizon.
3 POINTS about the new Home Buyer tax credit that has been extended as of November 6th. 1. First time home buyer purchases between Jan. 2009 and April 30th 2010 may be eligible. … (1 comments)

arthur buhrer: Sequim, Washington: Reverse Mortgage helps widow avoid foreclosure. - 10/08/09 04:51 PM
Mary’s husband passed away a couple of years ago and Mary’s life, as she had known it, suddenly changed. The household income was cut by more than half and her responsibility to maintain her life more than doubled. Mary struggled to make the mortgage payments with her single income for two years and even came up short on the property taxes over the last two years. When Mary and I meet she had about a month left before she was going to lose her home.
It was hard to believe but she was about to let her home go and was … (1 comments)

arthur buhrer: The top three problems with HVCC and with a solution at the end. - 09/24/09 05:41 AM
1. Excessive Micro management of the appraisal industry. Now instead of sending a piece of paper directly to an appraiser; a third party company gets my order and sends it to an appraiser. This has increased turnaround times, cost, and quality of the appraisal. Appraisal Management Companies (AMC) are up charging for an appraisal without providing any real service.
2. Increased fees to borrowers. Did you know the fee for an appraisal has jumped from $400 to $525 overnight? How many borrowers have paid for 2-3 appraisals when 1 appraisal would have been sufficient? Every piece of legislation aims to decrease … (3 comments)

arthur buhrer: You are not getting my loan closed fast enough! - 07/30/09 11:48 AM
Why are lenders taking so long to underwrite and fund loans, or even return phone calls? In what used to take two weeks to 30 days tops, depending on appraisal, is now taking 30-60 even 90 days in some cases.
Let's start by adding a declining market, a recession, if you will. Next add corporate layoffs and mortgage industry downsizing to the mix. Stir in a heavy dose of credit guideline changes, almost on a daily bases. Fold in Federal lending rate cuts, dropping mortgage interest rates, and exponentially increasing refinancing (refi boom). Lastly, sprinkle Credit crunch on top with new … (1 comments)

arthur buhrer: Results from my informal 2009 Sequim Home Show survey. 23 People were surveyed. - 03/23/09 05:38 PM
Results from my informal 2009 Sequim Home Show survey.  23 People were surveyed.
1. How do you feel about the new President (Positive or negative)?
13 responded positive. 7 responded negative and 3 neutral.
2. On a scale of 1-10 how do you feel about the economy with 10 being good?
-5,2.5. , 2, 2, 1, 2, 1, 6, 8, -1, 4, 3, 1, 2, 3, 4, 4, 3, 3, 5, 1, 4, 4.
3. Will you be making a big purchase in the next 12 months?
16 Responded No, 7 responded Yes. 3 said they were planning on purchasing a … (3 comments)

arthur buhrer: Want to get more “Green” out of your mortgage? - 02/13/09 02:24 AM
Want to go Green? Don't worry you will be able to get financing.
All lender agencies - Fannie Mae, Freddie Mac, and FHA - will have no problem funding a mortgage for a Green Built Home. Sometimes there might be incentives for such a home; however I haven't seen any of them.
The Energy Efficient Mortgage is where you get an energy audit of the home. Then based on the recommendations of the audit you can increase your mortgage to pay for improvements without it disqualifying due to higher income to debt ratios. By saving money on the utilities the borrower will … (1 comments)

Arthur Buhrer MLO 114080, Owner Broker/ Washington State (Arthur Buhrer, Olympic Mortgage Services CL 1456034)

Arthur Buhrer MLO 114080

Owner Broker/ Washington State

Sequim, WA

More about me…

Arthur Buhrer, Olympic Mortgage Services CL 1456034

Address: Sequim, Port Angeles, Port Townsend, anywhere in Washington State, Olympic Peninsula, Forks(Home of Twilight), Seattle, Tacome!!, 237 E. Washington St., Sequim, WA, 98382

Office: (360) 477-1011

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