Need help with a downpayment?

For some, the biggest challenge about buying a first home is coming up with the downpayment. If that describes you, mark your calendar and come to a free workshop that will give you information about options you might not be aware of.

"How and Where to Get Help With Your Downpayment" is the title of a workshop presentation by David Todd, Vice President of Northwest Mortgage Alliance, on Tuesday, Aug. 24, 6:30P-8P at High Point Branch of Seattle Public Library, sponsored by Savvy Seattle Women (this event is not sponsored by The Seattle Public Library).

Learn about State bonds and other programs designed to help low- and moderate-income individuals get downpayment assistance so they can buy a home.

This workshop is provided as a community service and is open to everyone. This is NOT a sales presentation; the presenter is strictly prohibited from selling products and/or services to those who attend.

Pre-registration is NOT required. Just grab a buddy and come!

For more information, call Alice at 206-708-9800 or e-mail SavvySeattleWomen@comcast.net. You can also visit the Savvy Seattle Women website: http://www.savvyseattlewomen.com/.

Prudential Wins JD Powers Award again!

Prudential Real Estate was just awarded honors from J.D. Powers and Associates for Highest Overall Satisfaction Among Sellers for 2010! Yet another reason I am proud to be a Prudential Associate!

Call me today to list your home so I can show you how we achieved this award.  206-708-9800

Current mortgage loan rates

Here is the weekly report on current mortgage loan rates, courtesy of Troy Chambers, Arboretum Mortgage.

Rates dropped again, making it a very good time to either look at a refinance, or a new home purchase. Either way, I can help, so please feel free to contact my cell phone at any time at 425-418-5103. I will be available all through the weekend. If you would apply to be preapproved for a loan, go to my website: http://www.troychambersmortgage.com/.
Troy Chambers

Arboretum Mortgage
Phone: 206-720-6628
Fax: 206-860-9340
troy@arboretummortgage.com
http://www.troychambersmortgage.com/

Table of loan rates.

Today's Open House

Don't let the murky weather get you down. Make it an excuse to take in some Open Houses! Today I will be holding open a beautifully landscaped, 3 bedroom (all on one floor)/2.5 bath split level home in the Genesee neighborhood of West Seattle. Listed for $459K by my colleague, Shari Kruse, this home also has a fireplace on the main level and a wood burning stove in the large rec room on the lower level. Access the large, two-car garage from the paved alley behind the house. The address is 4045 46th Av SW.

I will be hosting the Open House from 1-4P today. Drop by and ask for your coupon for a free ice cream cone from the fabulous Husky Deli!

REALTOR® Magazine-Daily News-'Strategic Defaults' Can Damage Credit for Years

REALTOR® Magazine-Daily News-'Strategic Defaults' Can Damage Credit for Years

Home owners who choose to default on their mortgage even though they can afford the monthly payments can expect to take a significant hit to their creditworthiness, some credit rating firms say.

A record of the default — initially as much as 200 points — stays on a credit report for seven years. This will have an impact on the defaulter’s ability to get credit of all kinds and potentially his or her ability to buy insurance and even get a job.

The debt that foreclosure erases may be considered income, and Uncle Sam may want to collect taxes.

"It's by no means a move to be undertaken lightly," says Maxine Sweet, vice president of public education for Experian.