In a previous tutorial, we looked at the key differences between adjustable and fixed-rate mortgage loans. If you decide to use a fixed mortgage when buying a home in Washington State, you'll have another set of choices. For one thing,…
For many home buyers in Oregon, the down payment is the biggest obstacle to homeownership. That's why so many buyers seek low-down-payment mortgage loans when buying a house. This article explains some of the ways you can get a low…
Home loan requirements in Oregon have been easing over the last couple of years, and it seems as though we are taking another step in that direction. A change announced recently by Fannie Mae could make it easier for some…
There are different kinds of down payment help available for home buyers in Seattle, Washington. And with house values rising rapidly across the metro area (more than 10% in the last year alone), a little assistance can go a long…
Home buyers in Washington State tends to have a lot of questions about the mortgage loan process. Below, we have rounded up some of the most frequently asked questions relating to mortgage financing, and what it takes to qualify for…
This is part of an ongoing series in which we answer common questions among Oregon home buyers. Today's question is, what do I need to get a mortgage loan in Oregon? What are the different requirements needed to get approved…
A criteria change announced by Fannie Mae could make it easier for some borrowers to qualify for a mortgage loan in Washington State. Specifically, this change has to do with the borrower's debt level. It allows for a higher level…
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…