Home Buyers

Home buyers in Seattle tend to have a lot of questions and concerns when it comes to the earnest money deposit. And as a Seattle-area mortgage company, we try to address as many of these questions as possible, right here on our blog. Today, we will answer one of the most common questions on this subject. What is the typical earnest money deposit amount in the Seattle area?'

Home buyers in Washington often view private mortgage insurance (PMI) in a negative light. They see it as something to be avoided at all costs. And that's understandable. After all, PMI does increase the size of your monthly payments. It's only natural to shy away from something that causes you to spend more money on your housing costs. But private mortgage insurance also provides some major advantages for home buyers across the state of Washington. We've touched on some of these benefits in previous articles and reports. Today, we will take a closer look at how Washington home buyers can actually benefit from having PMI.'

When you make an offer on a house in Washington, you have the option to include certain items within your purchase agreement. This is an important step in the home buying process, because it could determine whether or not the seller accepts your offer -- and at what price. Today, we will explore the common parts of the purchase agreement, and some of the things you might choose to include when making an offer.'

Mortgage rates have declined a bit since hitting a 20-year peak back in November 2022. And a recent forecast suggested they might have further to fall, throughout the rest of 2025. Such a trend could help increase affordability for home buyers across the state of Washington.'

Some home buyers in the Seattle area choose to put down 20%, in order to avoid paying mortgage insurance. Fortunately, there are some low down payment options available to Seattle-area home buyers.'

Today, we'll approach this subject from a different angle, by explaining what you can do to prepare for closing day when buying a home in WA State.'