From the category archives:

Tip of the Day

Washington State FHA County Loan Limit Increase 2011 – 2012

December 23, 2011 Tip of the Day
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FHA has re-instated the loan limits that previously existed in 2011 and has extended the loan limit increase till the end of 2012.

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Tip of the Day – JUMBO Financing

December 20, 2011 Tip of the Day
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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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Ten Tax Tips for Relocating for a New Job

November 17, 2011 Tip of the Day
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Move must be closely related to start of work – Generally you can consider moving expenses incurred within one year from the day you first reported to a new location, as closely related in time to the start [...]

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Seattle Home Real Estate Buying – FHA, VA Gift Funds Requirements

November 17, 2011 Future Home Owners
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Government home loans for Seattle real estate purchases does allow gift funds to be used towards the down payment. 100% of the gift funds can be applied towards the down payment. Relatives are able to provide gift funds for your new home purchase with proper documentation.

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Prepare to Refinance or Purchase Real Estate at Low Mortgage Rates

November 17, 2011 Tip of the Day
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Purchasing or Refinancing Seattle Home Real Estate is a simple process with preparation. Allow the Mortgage Reel to educate you on the basics to streamline the financing process.

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Are you Refinancing with Bank of America?

October 27, 2011 Tip of the Day
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We recently were told Bank of America is taking 4 months to close a refinance transaction. That is a long time to start saving money when it should take 30 – 45 days or less depending on your financial scenario.

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Home Affordable Refinance Program “HARP” Lender Options

October 3, 2011 Tip of the Day
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Home Affordable Refinance Program aka HARP. The opportunity to refinance up to 125% of your current home value.

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Reduced Government VA Funding Fee Starting October 2011

September 21, 2011 Tip of the Day
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Veteran Affairs (VA) Home Loans received an improvement for loans closing on October 1, 2011.

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Seattle Real Estate Mortgage Rates Today 7/28/11 + “Tip of the Day”

July 28, 2011 Mortgage Rates Today
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Seattle Real Estate Mortgage Rates Today 7/28/11 + “Tip of the Day”: Alert to current and future homeowners. The temporary loan limit increase is set to expire on September 30, 2011.
How does this impact me? In today’s market you are able to purchase a home with as little as 5% down with a conventional loan [...]

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Seattle Real Estate Mortgage Rates Today 5/25/11 + “Tip of the Day”

May 25, 2011 Homeowner Education
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Seattle Real Estate Mortgage Rates Today 5/25/11 + “Tip of the Day”: The 5 Year note auction today received an “A” Rating which helped the mortgage market stabilize from some early market losses. Today rates are flat comparing to yesterday. Tomorrow will bring another round of auctions plus some economic data that may stir up [...]

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