December 20, 2011
Tip of the Day
We recently received a purchase inquiry from Yelp regarding a Jumbo ($700K-$800K) mortgage product. The buyer learned that many banks/lenders are unable to qualify a borrower with a 15% down payment at that purchase price. Those banks/lenders had many requirements such as minimum down payments of 25% and maintaining minimum assets of 12-24 months of [...]
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December 14, 2011
Mortgage Rates Today
Seattle Real Estate Mortgage Rates Today 12/14/2011: What happened at the Fed meeting yesterday? Not much. There was not much change to yesterday’s Fed announcement; however, they did concede and are quite cognizant that significant risks to the economic outlook are exacerbated by straining global financial markets. Stocks were negatively affected without the mention of [...]
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