If you have been finding the current lack of inventory a challenge, you may want to consider a renovation mortgage. A renovation mortgage (or rehab loan) allows you to finance improvements to the property beyond the sales price of the home. The renovations begin after closing and there are no restrictions on the types of improvements. You can even use this on your existing home as a refinance if you love your location and neighbors and just want to make changes to your home. The possibilities are endless! Gourmet kitchen to delight the chef. Turn the meh bathroom into a luxurious spa. Add a s ..read more

Trying to predict mortgage rates is very similar to forecasting our weather in our beautiful Pacific Northwest. There are economic indicators with data that result in mortgage rates going down or raising higher just as there are weather patterns and pressure systems that typically indicate sunnier days or a storm approaching. Sometimes the reports that are being relied on can conflict with each other making it more difficult to make an accurate prediction. Mortgage rates are based on bonds, mortgage-backed securities (MBS) and are traded, similar as stocks are. Once data is released that may i ..read more

Have you been considering a “mother-in-law” apartment or backyard cottage? This type of dwelling is technically referred to an accessory dwelling unit aka “attached dwelling unit” (ADU) or detached dwelling unit (DADU). An ADU is a smaller living space on the same lot as a single-family home. It must be a habitable living unit including space for sleeping, cooking and a bathroom with it’s own entrance (independent of the primary residence). An ADU could be an apartment over the garage; in the basement of the primary residence; a detached home in the back yard; or even a manufactured home. Rece ..read more

This is a BIG week with the wrap up of the two day Fed meeting and the Jobs Report… want to know more? Check out my latest video ..read more

Wow! Thursday, our classroom was packed with real estate agents wanting to learn the latest on the new zoning laws impacting neighborhoods in Washington. Richard Hagar did an amazing job covering this complicated subject. If you are a real estate agent, appraiser or city planner, I highly recommend attending one of his classes. The class focuses on the impacts of state regulations HB1110 and HB1337. Ultimately, if you live in a designated urban area, zoning for single-family dwellings has been largely scrapped. Many homes will be eligible to have accessory dwelling units (ADUs) added. Dependi ..read more

Curious about mortgage rates? Check out my latest video on where rates are and what direction they may be heading ..read more

***THIS CLASS IS SOLD OUT–please contact me if you would like us to arrange another class.*** If you’re a real estate agent, you don’t want to miss out on this upcoming class on Washington state’s new zoning laws. This all day class takes place at the Kent office of New American Funding and we will be serving up lunch as well as important information you need to know. We just have a few seats left so be sure to sign up today! Scan the QR code or click here to RSVP. I hope to see you then ..read more

Where are mortgage rates? Check out my latest update for this week ..read more

It’s Jobs Week! Check out what’s impacting mortgage rates this week in my latest video ..read more

We have a short week with the Easter holiday weekend. Bond markets will close early on Thursday and remain closed on Friday. Want to know where mortgage rates are and what may impact the direction of mortgage rates this week? You’re in the right place! Check out my latest video for the details ..read more