The loan-to-value ratio, or LTV, is an important concept for home buyers and homeowners in Washington State. For buyers, it can affect everything from your chances for mortgage approval to the amount you have to put down on your loan.…
Home buyers in Washington tend to have a lot of questions about the mortgage application process. This is especially true for first-time buyers who have never been through the process before. Today, we will take a close-up look at the…
This is part of an ongoing series that explains the different types of mortgage loans used by home buyers and homeowners in Washington State. Today, we'll talk about the benefits of buying a home in Washington with a 30-year fixed-rate…
According to a report published earlier this summer, more than 30,000 home buyers and homeowners across Washington State were helped by private mortgage insurance (PMI) last year. Without PMI, a lot of those folks would not have been able to…
Most home buyers in Washington State rely on the "standard" 30-year fixed-rate mortgage loan to finance their purchases. But there are some home-buying scenarios where it might make sense to use an adjustable-rate mortgage loan, or ARM. Definition: As its…
As of summer 2018, a 20% down payment on a median-priced home in Portland, Oregon would come to around $85,000. Read on to find out why yours might be much less than that. You don't necessarily have to make a 20% down…
According to an analysis conducted by CoreLogic that was published in June, mortgage underwriting guidelines for conventional home loans have eased in recent years. This is something we have reported on in the past. This article provides ongoing coverage of…
According to a report by Experian, one of the three credit reporting companies in the U.S., the average credit score among residents in Washington State was 693, as of early 2018. But you might be able to qualify for a…
Home buyers in Washington State tend to have a lot of questions when it comes to closing. We've answered some of these questions in previous blog posts. Today, we'll talk about what home buyers can expect during the week before…
Article summary: Sammamish Mortgage offers home loans with reduced private mortgage insurance (PMI) premiums. These products could benefit many borrowers in Washington and Oregon, our primary service area. Why Some Home Buyers Have to Pay PMI Some home buyers in…