Mortgage Tips Archives | Sammamish Mortgage

Three Tips to Ensure a Stress-Free Transaction

Buying real estate and or taking out a home loan is a significant milestone in life. Frequently, it means that a new phase is starting, whether it's a new job, a new relationship, or moving to a new area. However, when the most basic steps are missed, this transition can be fraught with stress and disaster. To ensure a smooth transaction, home buyers should be sure to mind the following tips.

Steps You Can Take After Being Denied For A Mortgage

If you have been declined for a mortgage, you may think that home ownership is out of reach. However, there are ways to turn a rejection into an approval and to find a more accessible loan. Here are just a few steps you can take to learn about your loan options and get the mortgage that works for you.

Applying for a Mortgage? Three Questions Your Lender Will Ask

Before approving a mortgage, your lender is going to have to do his due diligence to ensure that you can afford a loan large enough to pay for a house. Here's how you can prepare to answer these questions in a way that will increase your likelihood of approval.

What’s Ahead For Mortgage Rates This Week – July 21, 2014

July 21, 2014
Michael Shane
Market Outlook, Mortgage Tips, Weekly Mortgage Rates

Last week's economic news offered a variety of indications that the economic recovery continues, but some readings missed their expected levels. The Philadelphia and New York branches of the Federal Reserve Bank reported higher than anticipated manufacturing for their respective regions and new jobless claims were lower than expected.

6 Tips To Ensure You Don’t Get Fleeced When Purchasing An Investment Property

June 4, 2014
Michael Shane
Investment Properties, Mortgage Rates, Mortgage Tips

Purchasing an investment property is one of the most important decisions that you'll ever be a part of. As such, it's a necessity to make your decisions with only the most careful of consideration.

What Is A Mortgage Pre-Approval?

February 19, 2014
Michael Shane
Mortgage Tips

When you are purchasing a home, your broker may recommend you obtain a mortgage pre-approval before you find the home of your dreams.

Real Estate and Fannie Mae And Freddie Mac

January 21, 2014
Michael Shane
Mortgage Tips

Fannie Mae and Freddie Mac have been in the news quite a bit over the past few years, so it's a good time to do a refresher on who they are and what role they play in the real estate market.

The HUD-1 Settlement Statement

December 10, 2013
Michael Shane
Mortgage Tips

When preparing for a closing on your refinance or home purchase, one of the documents you will be provided with a few days before closing is a HUD-1 Form. This form provides you with valuable information about your loan.

What To Consider When Applying For A Mortgage

November 7, 2013
Michael Shane
Mortgage Tips

Owning a home can be a sign of independence and success. It allows you to build up equity and the mortgage interest and property taxes are tax-deductible. What can you do to make a home affordable for you?Reputable lenders look at a list of criteria to decide how much they'll loan you.

Don’t Overlook When Applying For A Mortgage

A mortgage loan approval is never final until it's funded. And that means after you've signed the final paperwork and the bank has wired funds to escrow.