Filed under: Foreclosures, Helpful Hints | Tags: foreclosure info, Lacey WA Mortgage Lender, Mortgage Loans Olympia Washington, Olympia Home Loan Lender, Olympia Washington Mortgage Lender, Olympia Washington Real Estate Lender, Tumwater Washington Mortgage Lender
Foreclosure #video – My lender is not responding to my inquiries. I should probably just give up and face foreclosure.
Filed under: Foreclosures, Helpful Hints | Tags: foreclosure info, Lacey WA Mortgage Lender, Olympia Home Loan Rates, Olympia Washington Mortgage Lender, Olympia Washington Real Estate Lender, Tumwater Mortgage Lender
#Video on Foreclosure – I am getting many offers for help from a variety of people. They are probably all scams.
Filed under: Foreclosures, Helpful Hints | Tags: foreclosure info, Olympia Home Loan Lender, Olympia Washington Mortgage Lender, Olympia Washington Real Estate Lender, Tumwater Washington Mortgage Lender
If I miss even one house payment I could lose my house. – #Video
Filed under: Foreclosures, Helpful Hints | Tags: foreclosure info, Home Loans Olympia Washington, Olympia Home Loan Lender, Olympia Washington Mortgage Lender, Olympia Washington Real Estate Lender
#Video – If my house is foreclosed I can never buy a house again; the foreclosure will stay on my record forever.
Filed under: Helpful Hints, Home Sales Data, Useful Information | Tags: Home Sales Data, Listing Agent, Olympia Realtor, real estate, real estate loans, Realtor, Selling A Home, Thurston County Real Estate, Why do I need a Realtor?
As you consider selling your home, you might be thinking… “Why do I need a Realtor, what value does a Listing Agent bring to the table?” There are five main areas where a licensed Realtor can help you in your home’s sale -
SETTING THE PRICE
Pricing your home is a careful balance. Set the price too low and you leave money on the table. Set the price too high and your home will be on the market a long time, which just compounds the problem as it raises questions about it’s sale-ability.
As a Realtor, it is their job to know what properties like yours have sold for recently, and can utilize the detailed history of area sales to tell whether your home – with it’s unique features, location and condition – will bring more, or less, than similar listings. And they always have the pulse of the local and regional Real Estate market, so they know whether the market is heating up or cooling down, and can stay ahead of the trend, pricing your home to get you the highest possible price in the least amount of time.
BEING OBJECTIVE
Selling a home can be an emotional experience. After all, it’s been a part of your life, perhaps the center of your life, for years. As a third party, a Realtor can keep you focused and provide independent feedback on things you should do, or changes and repairs that should be made, to help the home sell. They will also act as a buffer during negotiations. As a licensed Realtor, they adhere to a strict code of ethics, and they work to represent your best interests.
PROVIDE MARKETING MUSCLE
Attracting interested people to view and buy your home does not happen automatically. They will market your home to the widest audience of potential buyers through a well-coordinated multimedia campaign. Of course, They will use Signs, Newspaper Ads, Internet and open houses, but you’ll also be placed in the Multiple Listing Service where local agents can bring it to the attention of their buyers, and then to Realtor.com and Yahoo Classifieds Real Estate where it can be viewed by anyone in the world that is relocating to this area.
PRE-QUALIFY BUYERS
Your Realtor can help separate the serious buyers from the “lookie-loos” and thus save you a lot of time and frustration. They will determine if buyers are serious by getting answers to questions about their motivations and purchasing power and by ensuring that they have been pre-approved for a mortgage loan by a reputable lender in the amount needed to buy your home. When they bring you an offer on your home, you can be sure that the buyers’ finances are sound and the deal is ready to be done.
FOLLOW THROUGH and CLOSE THE DEAL
Selling your house is complicated and there is a mountain of paperwork. First there are offers and counter-offers. Then come the inspection reports, disclosure forms, deeds, mortgage documents. They keep track of it all and see to every detail. Their value is in avoiding delays and mistakes, and coordinating the timing of the sale of this house with the purchase of another, so that you make a smooth transition to your new home.
SUMMARY
The value that a licensed Realtor brings to someone selling a house is, in the end, peace of mind. The marketing, the details, the paperwork, the coordination. They do it every day, and they enjoy the process. So relax and leave the details to a licensed professional. You’ll find that having a knowledgeable Realtor beside you throughout the sale of your home is priceless.
Like this:
It is recommended never to represent yourself as your own lawyer and Real Estate is quite the same. Let a professional represent you. You will be glad you did.
Filed under: Daily Mortgage Interest Rate Update, Daily Mortgage News, First Mortgage Loans, Helpful Hints
Tuesday’s bond market has opened relatively flat considering the past few trading sessions. The stock markets are showing early losses with the Dow down 32 points and the Nasdaq down 7 points. The bond market is currently up 2/32, but I don’t believe this will be enough to cause much change to mortgage rates.
There is no relevant economic news scheduled for release today. This will leave the bond market and mortgage rates subject to stock market movements again. As long as the major stock indexes remain near current levels, I suspect that mortgage rates will follow suit. However, afternoon strength or selling in stocks could make bonds less or more appealing to investors and lead to afternoon changes in mortgage rates.
Tomorrow does bring us some economic data, but it is the week’s least important news. March’s Goods and Services Trade Balance report will be released early tomorrow morning, giving us the size of the U.S. trade deficit. It is ex pected to show a $40.5 billion trade deficit. This report likely will have little impact on tomorrow’s mortgage rates unless it shows a significant variance between forecasts and its actual results.
10-year Treasury Notes will be sold tomorrow and could impact bond prices and mortgage rates. The 30-year Bond sale will take place Thursday. Results of the auctions will be posted at 1:30 PM ET each day. If they are met with a strong demand from investors, we could see bond prices rise enough during afternoon trading to cause downward revisions to mortgage rates. However, lackluster bidding in the sale could lead to higher mortgage pricing those afternoons.
The remaining three economic reports will be released Friday morning. This is when we will get April’s Retail Sales data (highly important), April’s Industrial Production (moderately important) and May’s University of Michigan’s Index of Consumer Sentiment (moderately important).
If I were co nsidering financing/refinancing a home, I would…. Lock if my closing was taking place within 7 days… Lock if my closing was taking place between 8 and 20 days… Lock if my closing was taking place between 21 and 60 days… Lock if my closing was taking place over 60 days from now… This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.
©Mortgage Commentary 2010
Filed under: Daily Mortgage News, Helpful Hints, Home Sales Data | Tags: Buying a Home, CU Mortgage Division Olympia Washington Mortgage Lender, First-Time Home Buyer Tax Credit, Olympia Washington Mortgage Lender, Olympia Washington Real Estate Lender, Pre-Approval, Tax Credit, William Tuning - Olympia, Washington
As the federal home buyer tax credit nears its April 30 end-date, there’s a lot of would-be home buyers in Olympia still working to get under contract.
A piece of advice for all of them : If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender “re-pre-approve” you. Mortgage guidelines have been in flux and your original lender letter may now be invalid.
For example, over the past half-dozen months, the majority of mortgage lenders have reduced their risk tolerance with respect to:
- Maximum debt-to-income ratios
- Minimum allowable credit scores
- Calculation of “assets in reserve”
For buyers of condominiums and co-ops, even the subject property itself is coming under tougher scrutiny.
Today’s mortgage applicants need to be a complete package. It takes more than just good income and credit to get approved anymore and today’s buyers should revisit their qualifications. What passed underwriting in January may not pass in May.
Being pro-active brings other advantages, too. If a mortgage re-pre-approval does unearth an issue, it’ll be easier for every party to the transaction to address and correct it up-front versus trying to clean up a mess once a home’s already under contract.
Call CU Mortgage Division at (360) 539-4687 about your pre-qualification/pre-approval letter before you bid on a home or visit our website at www.cumortgagedivision to apply online for a pre-approval 24/7.
