buying: The laws about mortgage insurance. Lenders will be sure to add it back in. - 10/14/07 05:14 AM
Lenders had previously developed many programs that did not include mortgage insurance on loans greater than 80% LTV. I think that is about to change. Lenders have been losing money on defaulted loans and they will take that risk out of their loans. Here is the latest law regarding mortgage insurance.
Mortgage Insurance Law
 When putting less than 20 percent down on a home mortgage, lenders often require you to have Private Mortgage Insurance (PMI). PMI protects the lender if you default on the loan. The Homeowners Protection Act of 1998 establishes rules for automatic termination and borrower cancellation of PMI on home … (4 comments)

buying: $10k price reduction in Kent, Washington. Remodeled home with Mount Rainier views. - 10/04/07 04:53 AM
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buying: How do Realtors get paid? Here are the facts about agent commissions! - 10/01/07 10:32 AM
How do Realtors get paid? There is often a great deal of confusion regarding how Realtors® are paid. Yes, we are paid a commission, but there are some aspects you probably don't realize. 
Realtors are state licensed Real Estate Agents, Broker/Associates or Brokers. Although business models may vary, Real Estate Companies or Real Estate Agencies are a group of Real Estate Agents and Broker/Associates with a single controlling Broker. These companies come in various sizes and may have one or more individual offices. They can be independent Real Estate companies or franchised Real Estate companies.    The companies that are advertised on television, … (4 comments)

buying: Advantages and disadvantages in owning Rental Real Estate. Read this before investing! - 09/29/07 05:19 PM
Advantages of Rental Real Estate
The advantages of rental real estate are quite substantial. One that is not listed below is the fact that when you own rental real estate, you own a tangible asset. You can paint it when you're happy with it and throw rocks at it when you're not. Many people who feel uncomfortable investing in financial instruments have no qualms about investing in real estate. This is a psychological distinction, as a bad stock and a bad rental property are equally capable of losing money, forcing you to sell for a loss. That said, here are the advantages … (8 comments)

buying: Buying or investing in Rentals? Here are 10 rules to live by that will help you profit. - 09/29/07 05:15 PM
Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last fifty years and has become a common investment vehicle. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. In this blog, we'll go beyond buying a home and introduce you to real estate as an investment. 
Basic Rental Properties summary
This is an investment as old as the practice of landownership. A person will buy a property and rent it out to … (2 comments)

buying: Flip that house! Make sure you do your homework first! or it will flip you. - 09/29/07 04:49 PM
Definition:
Flipping is a term, used primarily in the United States, which refers to the practice of buying real estate and quickly reselling (flipping) it for profit.
Type of Flips
One of the most time-honored ways properties are flipped is by renovators. The hoards of home improvement programs, such as "This Old House" which has been on television since the 1970s, serve as testament to the real estate fad of today. While some of the "This Old House" homes were owned by people who invited the show in so they could renovate, others were purchased, renovated, then resold for a profit.
Other ways to flip … (7 comments)

buying: Home not selling? Try leasing. Here are some great suggestions to assist leasing you house. - 09/27/07 03:57 AM
In these times when sellers may have trouble selling, leasing your home may be a backup plan. Here are some good rules if you are considering renting. Follow them and they will help make your rental journey more prosperous and less stressful.
Ten Tips for Landlords
Screen tenants. Get it in writing. Handle security deposits properly. Make repairs. Provide secure premises. Provide notice before entering. Disclose environmental hazards. Oversee managers. Obtain insurance. Resolve disputesTen Tips for Landlords
Simple suggestions to help your landlord or property management business run smoothly.
1. Screen tenants. Don't rent to anyone before checking credit history, references, and … (1 comments)

buying: What a bargain in Kent, Washington. Don't miss the equity in this 3 bedroom home. - 09/27/07 03:43 AM
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buying: Investment potential in Tacoma, Washington. Older home on 1.66 acres. Good potential - 09/26/07 05:11 AM
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buying: Flipping homes in not as profitable as the shows may state! You can make money but,.. - 09/26/07 04:59 AM
The TV show Flip this House spurred a lot of interest in making money in real estate by flipping houses. However, the show only tells part of the story. Often, the viewer never gets to know if the renovated house sells or not. How can you learn about making money flipping houses if you don't get the entire story on how much profit the investor made? Also, the investors rarely get their hands dirty and hire out all the remodeling, which costs a lot.Another reality show scheduled for The Learning Channel, Property Ladder*, also focuses on the "rehabbing" side of flipping … (3 comments)

buying: First time home buyer mortgage alternatives. King and Pierce County, Washington - 09/23/07 04:36 PM
FHA Mortgage
FHA Mortgages are insured by the Department of Housing and Urban Development of the Federal Housing Administration (FHA). These home loans make it easier for low-to-moderate income people to own their own home.
Features:
•   Fixed rate terms available
•   Low down payment usually required
•   More lenient qualifying ratios
•   Even with less income, you could qualify for a larger loan amount
•   All closing costs may come from a gift or up to a small percentage from the seller
•   Loan amount limitations and qualifying criteria apply
What is a VA Loan?
A Veterans Administration (VA) loan can be used … (1 comments)

buying: Double digit home price drops coming to a city near you! - 09/20/07 06:23 PM
 Many forecasters are predicting steady price drops into late 2008 or early 2009. I do think prices are headed down in our area of Seattle/Tacoma. This will provide some good investing soon! Here is a report that shows predicted price drops for major cities. http://www.money.cnn.com/2007/09/19/real_estate/steep_home_price_drops_coming/index.htm?postversion=2007091915
Whats your prediction for your area? Here in the Seattle area, I think we will hold our own and remain flat. Some of the outlying areas such as Kent, Renton, Federal Way areas will go down 8-12%
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buying: Who is to blame for our Real Estate slowdown? - 09/20/07 04:06 AM
Who is to blame for our Real Estate slowdown?
Is it the mortgage brokers? The agents? The Fed? The investors? Buyers?
There are many reasons for the housing slowdown, but I think this is a completely normal correction in our housing cycle and there is nothing that could have stopped it. It is just part of our system and we all have a part in the cycle.
I think we are exiting the Boom Market to the downside towards a recession. This is a normal cycle and may have been long over due. We have had an extensive expansion in housing and much … (4 comments)

buying: Foreclosures may be the correct way to buy this Real Estate market. - 09/17/07 02:20 PM
If you are new to real estate investing and considering buying foreclosure properties, you need to be realistic about what you are facing.  Foreclosure investing is not a good investment approach for beginners. I recommend that you have at least a couple of years' experience with more traditional real estate investing first or work with some professionals. The profits from foreclosure investing can be huge and that makes foreclosures attractive. There is an awful lot to know in order to avoid the problems that can occur. If you don't know what you are doing, one disastrous foreclosure investment can wipe out … (6 comments)

buying: Home not selling? Try the lease-option. - 09/17/07 02:54 AM
Are you having difficulty selling your home or other real estate? Or would you like to buy a home or an investment property but you don't have enough cash for a down payment? If you answered "yes" to either question, a lease with option to purchase may solve your problem. But it's important to understand the pros and cons of lease-options to maximize your benefits.
What is a Lease-Option?A lease-option is a combination real estate rental, sales and finance technique. It is a property lease for a fixed time period, such as 12 or 24 months, with an option for the … (11 comments)

 
Jason Schweiger, Loan Originator / Branch Manager NFLP (Network Funding LP)

Jason Schweiger

Loan Originator / Branch Manager NFLP

Auburn, WA

More about me…

Network Funding LP

Address: 5702 Olive Ave SE, Auburn, WA, 98092

Office: (253) 315-5580

Mobile: (253) 315-5580

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Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.


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