We've covered the different mortgage options available to Washington State home buyers in the past. Today, we're going to zero in on one particular type of mortgage product, and that's the adjustable-rate loan. This financing option can offer savings during…
Based on current home prices and mortgage rates, the average monthly mortgage payment for Washington State home buyers would come to around $1,381, as of June 2017. Or slightly higher, if you add in property taxes and insurance. Of course,…
With Seattle rents rising steadily in 2017, a lot of renters in the area are now eyeing homeownership as a possible alternative. And here's an important point to consider. Home buyers who use fixed-rate mortgage loans to buy a house…
How big of a home loan can I get in Washington State? What's the maximum mortgage amount I can borrow with my income? These are two of the most common questions among home buyers in Washington, particularly with first-time buyers.…
Over the past few weeks, we've been writing about the different mortgage financing strategies available to borrowers these days. Today, we'll look at the reasons why some home buyers in Washington State make a down payment of 20% or more.…
Summary: It's possible to buy a home in Washington State will less than 20% down, while avoiding PMI at the same time. This article explains how you might accomplish this goal. Home buyers and mortgage shoppers in Washington State have…
Oregon home buyers and mortgage shoppers tend to have a lot of questions about private mortgage insurance, or PMI. And rightfully so. PMI can affect the size of your monthly payments, as well as your overall borrowing costs. So it…
The down payment is often the biggest financial hurdle for home buyers in Washington State. This is especially true for first-time buyers, since they don't have any funds from a previous sale. The good news is that Washington home buyers…
Can I qualify for a mortgage loan in Washington State, if I'm self-employed? Are there any additional loan requirements for self-employed home buyers in 2017? These are common questions among mortgage shoppers who happen to be self-employed. Today, we will…
When applying for a home loan in Washington State, you'll need to provide a variety of different documents pertaining to your assets, income and debts. Mortgage companies use them to help verify your financial situation, and also for underwriting purposes.…