Reprinted from "Weekly Real Estate News - Aug. 28, 2008"
"Sellers who can’t find a buyer should look at the terms of their mortgage and, if it is permitted in their area, offer to let a buyer assume their loan."
"Assumable mortgages made in recent years generally carry interests rates below current market rates. Plus, a buyer who can qualify with the lender can step into a mortgage without having to come up with a down payment or pay hefty closing costs."
"The Website HomeAssume.com matches buyers and sellers. "
"FHA and VA mortgages are assumable, as are many conventional adjustable-rate mortgages."
Source: Denver Post, Aldo Svaldi (08/24/2008)
Single adults face unique challenges when buying and selling a home. I know because I've done it myself, & a significant portion of my clients are single. This blog provides news & information you need to help you achieve your real estate goals. Alice Kuder, REALTOR®, Green. Prudential Northwest Realty Associates, Seattle, WA
Saturday, August 30, 2008
Friday, August 29, 2008
Current loan rates
Here's the scoop on loan rate activity for this past week, courtesy of Troy Chambers, loan officer for Arboretum Mortgage:
"Crazy Rates Continue!"
"Rates are again bouncing all over the place! They are great for a day or two, and then they slide back up. The trick to this whole thing is timing. It is important to be working with a mortgage broker who is consistently reading data, and locking loans at appropriate times. I am available at all times, should you or anyone you know be in need of anything mortgage related. Please call my cell at 425-418-5103 if you have any questions!"
Troy Chambers
Loan Officer
Arboretum Mortgage
Phone: 206-720
Fax: 206-860-9340
troy@arboretummortgage.com
Click here to see a table of current rates and loan options.
"Crazy Rates Continue!"
"Rates are again bouncing all over the place! They are great for a day or two, and then they slide back up. The trick to this whole thing is timing. It is important to be working with a mortgage broker who is consistently reading data, and locking loans at appropriate times. I am available at all times, should you or anyone you know be in need of anything mortgage related. Please call my cell at 425-418-5103 if you have any questions!"
Troy Chambers
Loan Officer
Arboretum Mortgage
Phone: 206-720
Fax: 206-860-9340
troy@arboretummortgage.com
Click here to see a table of current rates and loan options.
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