Category Archives: Home Financing

The latest on jumbo loans


Good morning! I wanted to update you on the jumbo loan market in Bellevue, WA. The jumbo loan market is changing. As most of you may be aware, the new conforming jumbo loan limit for King, Pierce and Snohomish counties … Continue reading

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The 4 C’s of Lending


Hi all: How are you? I was thinking this morning about the 4 C’s of Lending. Here they are. Credit, Collateral, Character, and Capacity. What do I mean by each? 1) Credit is fairly obvious. Your credit score will determine … Continue reading

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Construction Loans in 2011


Hi all: I hope you’re well. The construction lending landscape has changed drastically in the past four years. I was having a conversation with one of my colleagues the other day and we were reminiscing about the day that the … Continue reading

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What is Private Mortgage Insurance and when do you need it?


Hi all: I hope your day is off to a great start. I wanted to share with you about Private Mortage Insurance or PMI. First of all, a definition is in order. Private Mortgage Insurance (PMI). Policy protecting the holder … Continue reading

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Two great loans for all your rehabbers out there


Hello all: I wanted to let you know about two great loans for all you rehabbers out there. In other words, if you have a purchase where some work needs to be done these loans can really make a lot of sense. … Continue reading

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What are Collected Funds?


Have you wondered what is considered collected funds or has there ever been an issue where during a closing collected funds came in to play? The law is as simple as this. Washington’s collected funds law requires an escrow agent … Continue reading

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Fannie and Freddy to be replaced by 2018. What next?


Hi all: I read that the Obama administration is proposing to replace Fannie Mae and Freddy Mac (the two largest mortgage guarantors) by 2018. Since a majority of loans are guaranteed by either Fannie or Freddy, it begs the question. … Continue reading

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