Paying For Your FICO Score Is A Waste Of Money

On September 24, 2011, in Tips And Advice, by Michael Mullin

Spokane Washington consumers are wasting their money ordering credit scores which don’t provide much, if any, value. Credits monitoring services, credit score providers, and fraud alert systems have boomed in the last few years. While I think paying for a legitimate credit monitoring service has some merit, paying for your credit score is a waste [...]

Handy FHA & VA Mortgage Loan Waiting Periods Chart Due To Derogatory Credit Chart For Seattle, Bellevue, & Lynnwood, WA

On March 28, 2011, in Home Buying Process, Tips And Advice, by Chik Quintans

Handy FHA & VA Mortgage Loan Waiting Periods Chart Due To Derogatory Credit For Seattle, Bellevue, & Lynnwood, WA It’s no secret that there are serious credit issues happening to a lot of people these days.  A question that come up often is “How long do I have to wait until I can obtain mortgage [...]

Vision & Creativity For That Challenged Home Realized With An FHA 203k Rehab Mortgage, Seattle, Bellevue, Lynnwood, WA

On March 24, 2011, in Home Buying Process, Mortgage Programs, Tips And Advice, by Chik Quintans

Vision & Creativity For That Challenged Home Realized With An FHA 203k Rehab Mortgage, Seattle, Bellevue, Lynnwood, WA If you might have avoided purchasing properties that require aesthetic repair or lack of financing to fix them, FHA has a program to suit your needs. The FHA Streamline 203k Rehab mortgage loan may offer you the [...]

FHA’s Unique Feature. The FHA Mortgage Assumption For Seattle, Bellevue, & Surrounding WA Markets

On March 18, 2011, in Home Buying Process, Mortgage Programs, Tips And Advice, by Chik Quintans

FHA’s Unique Feature. The FHA Mortgage Assumption For Seattle, Bellevue, & Surrounding WA Markets One of the most overlooked features of FHA mortgages is the ability for a home buyer to assume the existing FHA mortgage when purchasing an FHA financed property. An FHA Assumable Loan can be an attractive feature on a listed home [...]

Beginning April 18, 2011 Spokane WA FHA Home Loan Borrowers Will Be Subject To FHA’s Increased Mortgage Insurance Premium

On March 17, 2011, in Mortgage Programs, by Michael Mullin

If you are applying for an FHA Streamline Refinance or using an FHA loan to purchase a home you need to make sure your lender has ordered the FHA Case ID by Monday, April 18. That’s the only way to lock in the lower rate.

Video: Follow Up On Quarter Percent Effective Rise In FHA Mortgage Rates, Seattle, Bellevue, Lynnwood, WA

Video: Follow Up On Quarter Percent Effective Rise In FHA Mortgage Rates, Seattle, Bellevue, Lynnwood, WA Below is a video follow up to my post March 1, 2011. See how just a quarter percent can impact this buyers personal finances if they wait to act after April 18, 2011. For Additional Information Or To Get [...]

FHA Mortgage Loans From Family Are Allowed for Seattle, Bellevue & Lynnwood,WA Areas

FHA Mortgages, Loans From Family With Down Payment Assistance for FHA Mortgages becoming a bit more difficult to find. Another source of funds for down payment to buy a home is a LOAN from an immediate family member.  That is right. This a little known FHA underwriting guideline that is allowed. However, not all Mortgage Lenders [...]

HUD Raising FHA Mortgage Rates by 0.25% – Seattle, Bellevue, Lynnwood, Washington Markets

On March 1, 2011, in Home Buying Process, Mortgage Payments, Mortgage Rates, Tips And Advice, by Chik Quintans

HUD Raising FHA Mortgage Rates by 0.25%  - Seattle, Bellevue, Lynnwood, Washington Markets …well effectively at least. HUD (Department Of Housing And Urban Development) recently released it’s MortgageeLetter 11-10 with the subject line: Annual Mortgage Insurance Premium Changes and Guidance on Case Numbers. Excerpt > Here is the stated Purpose: This Mortgagee Letter introduces a [...]

FHA Mortgage Loans, Who Are They For? – Seattle, Bellevue, Lynnwood, Washington Markets

On February 27, 2011, in Home Buying Process, Mortgage Programs, Tips And Advice, by Chik Quintans

FHA Mortgage Loans Seattle, Bellevue, Lynnwood, Washington The Federal Housing Administration (FHA) works a number of programs to promote home ownership. In most cases, FHA loans are mortgages aquired with the help of the FHA. With a small down payment as low as 3.5%, purchasers can buy a house. FHA loans make it easier for [...]

USDA Rural Home Loan program, a true zero down home loan for Spokane Washington home buyers

On February 16, 2011, in Mortgage Programs, by Michael Mullin

The USDA Rural Home Loan program, a true zero down home loan.