by Marti Reeder | Dec 6, 2016 | Economy, Finance, Home Buying, Home Ownership, Interest Rates, Misc., Mortgage
According to Freddie Mac, mortgage rates are on the rise with rates inching up over the last two weeks. In fact, the week of November 23, the 30-year mortgage rate hit above 4 percent for the first time this year. Here are the latest average rates, per to Freddie Mac....
by Marti Reeder | Nov 7, 2016 | Credit, Finance, Home Buying, Home Ownership, Mortgage
A good credit history is needed to buy a home, but what constitutes a “good” credit score varies by lender and loan type. For example, to qualify for an FHA loan with a 3.5% down payment, you need a FICO score of 580 or higher. Conventional loans backed by Freddie Mae...
by Marti Reeder | Oct 31, 2016 | Budgeting, Credit, Down Payment, Finance, Home Buying, Home Ownership, Misc., Mortgage
As we said in our Oct. 17 blog post, this is a seller’s market, so it is important that you get pre-qualified or pre-approved for a mortgage. Here’s what you’ll need to qualify in the current real estate market: A down payment. This can range from 5%...
by Marti Reeder | Oct 17, 2016 | Budgeting, Down Payment, Finance, Home Buying, Home Ownership, Home Value, Making an Offer, Market Conditions, Mortgage, Real Estate
Right now we are in a seller’s real estate market, because the number of homebuyers exceeds the number of homes for sale. This means that, to buy your dream home, you need to stand apart from other home buyers. Not only do you need to have professional...
by Marti Reeder | Oct 10, 2016 | Home Buying, Home Ownership, Home Search
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own, you’ve probably come up with a list of things that you’d...
by Marti Reeder | Sep 26, 2016 | Finance, Home Buying, Home Ownership, Making an Offer, Offer
Right now real estate inventory in King County is low. That means that there are fewer homes on the market than there are buyers, making it a seller’s market. It also means homes for sale will sell more quickly, at higher prices, and some will receive multiple offers....