Mortgages

June 22, 2012

Now in Western Washington: Low Inventory + Low Interest Rates

According to our Northwest Multiple Listing Service, a low inventory of homes for sale combined with record low mortgage rates are igniting Western Washington home sales.  In the 21 counties in the MLS market area, home inventory is down almost 28% from a year ago.  Locally, Whatcom and ...

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June 4, 2012

Bank of America to reduce mortgage principle

Bank of America has said they will begin mailing 200,000 letters offering a select group of customers mortgage principal reduction.

If you are a have a mortgage with B of A and are behind on payments and "underwater", you may be eligible.   Don't toss away the letters ...

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May 20, 2012

Bank of America Offers Up to $30,000 to Some Short Sale Sellers

Bank of America says it will provide up to $30,000 in relocation assistance to some borrowers who can't pay their mortgage. They want to work with the borrowers to obtain a preapproved short-sale price before submitting purchase offers.

To be eligible for the program and payment Short sales ...

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April 13, 2012

Bank of America to Streamline the Short Sale Process

Bank of America is making changes to its short sale procedures with a goal of  reducing the time frame for a short sale decision to less than three weeks.

Beginning Saturday, April 14, real estate professionals working with B of A will be required to submit five documents for short sales ...

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Feb. 15, 2012

Do you know your REAL Credit Score?

Do you know that banks use different credit scoring software than most free credit reporting websites. So if you go to the free credit reporting sites to find out what your credit score is you're not necessarily going to get the same score as the bank will when they ...

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June 28, 2011

Bellingham Dream, the easy way to buy and remodel

When shopping for a home, folks often find a house that would be perfect--after a few changes. Maybe it needs a new kitchen or a bathroom upgrade. Or maybe they would like to make it more energy-efficient or even add solar panels to reduce their ongoing energy costs.

Or maybe ...

Posted in Mortgages
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June 15, 2011

Need help with closing costs, Fannie Mae is offering up to 3.5% in closing cost assistance for HomePath properties

Fannie Mae's Homepath program just got better. They are offering up to 3.5% in closing cost assistance for HomePath properties beginning June 14 through October 31, 2011.

There are presently 16 homes and condos available for this program

Here are the Eligibility Details

  • Buyers and/or selling agents (the ...
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June 9, 2011

Interest rates drop for 8th straight week

If your thinking about buying a home consider this. Fixed rate mortgages have dropped for an eighth straight week!

The average rate for a 30-year mortgage went to 4.49 percent from 4.55 percent, Freddie Mac said Thursday. The average rate on the 15-year fixed home loan, fell to ...

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May 19, 2011

Buy Now Vs Buy Later

If your waiting or the market to decline some more before buying that new home, you might also want to consider what effect the interest rates will have on your payment.

Take a look at this scenario for something to think about.

If you're sitting on the fence and ...

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March 15, 2011

Whatcom County Real Estate Market Activity Snapshot: March 6, 2011 - March 12, 2011

The following data is for Single Family Residential Homes:

New Listings: 66

Closed Sales: 20

Pending Sales: 28

  • Average List Price: $270,365
  • Average Sale Price: $259,470
  • Sale-to-List Price Ratio: 96.7%
  • Average Days on Market: 295

Total active listings at the end of the week: 1256

If you ...

Posted in General, Mortgages
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