The Seattle real estate market has gotten more expensive over the past few years. As a result, there's now a higher percentage of homes priced over the $1 million threshold. And this has a lot of home buyers wondering the same thing: Can I get a mortgage loan for over $1 million in the Seattle area?'
Mortgage rates nationwide have increased quite a bit over the past 12 months. As a result, some home buyers in the Seattle area have begun to reconsider their mortgage options. And it seems the adjustable-rate home loan is gaining popularity in 2022. A recent report from the Mortgage Bankers Association showed an increase in the number of adjustable-rate mortgage (ARM) loans across Washington and nationwide.'
As a Seattle-area mortgage company, we like to address questions that are frequently asked by local home buyers. Today, we'll cover a question relating to down payment requirements for a mortgage loan. Is 5% enough of a down payment in the Seattle area?'
The real estate market in and around Seattle, Washington has gotten more expensive over the past few years. As a result, many home buyers in Seattle look for ways to minimize their monthly housing costs.
One way to reduce your monthly mortgage payments is to spread them out over a longer period of time. The popular 30-year fixed-rate mortgage allows you to do exactly that. A lot of Seattle-area home buyers use the 30-year loan option to reduce their monthly payments, thereby making homeownership more affordable.'
Are you a Seattle-area renter who plans to buy a home in the near future? Do you have questions about how to transition from renting to buying? You're in the right place. Below, we've assembled some useful tips and strategies for Seattle residents who want to switch from renting to buying a home.'
It's no secret that Seattle home prices have risen sharply over the past couple of years. According to the latest data from Zillow, the median home value for the Seattle metro area rose by more than $200,000 in the last two years alone.
As a result, some future home buyers might find themselves asking the same questions. How do I know what a particular house is worth in the Seattle area, when making a purchase offer?
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