September 2014

The Fed will continue its current course, ending quantitative easing next month. Plans are to keep policy rates low for a “considerable time.” Fed Chair Yellen expressed concern regarding long-term unemployment and the number of part-time workers. Labor woes could delay rate increases. Producer prices show little gain and consumer prices remain flat. Low inflation is generally good for rates.  Home builders are more optimistic in September. They report


We all know the old line about location. But buying a home takes research, research, research, too. You will want to determine: 1) How much you can comfortably afford. The pre-approval process, which entails full documentation and credit check, is the best way to determine the numbers that are right for you. Early in your search, you can identify any potential hurdles and focus only on homes

August 2014

You’ve served the U.S., now let us serve YOU! Veteran’s Administration or “VA” loans are available for active, non-active and retired Army, Air Force, Marine, Navy, National Guard and Coast Guard vets who meet the established service requirements. 100% financing/No down payment No monthly mortgage insurance (PMI) Gift funds acceptable for closing costs No cash reserve requirements A variety of terms or loan types available Available


USDA Loans Apply to More “Rural” Areas Than You May Think! Absolute Mortgage Issaquah offers USDA loans. USDA loans are backed through the Rural Housing Division of the U.S. Dept. of Agriculture. They are available to millions of eligible primary home buyers with low to moderate incomes or scarce funds for down payments. Features, benefits and things you need to know:   Zero Down – No


FHA loans still work when others might not. Here are a few of the beneficial features: Low Down Payments – As little as 3.5% down will work in most instances, and 5% covers most others. Higher Loan Amounts – In some areas, FHA maximums can exceed conventional loan limits. Lower Total Cash to Close – Sellers can help pay closing costs, and borrowers can receive gift money toward


This is an educational example only and is not an offer to lend. Actual current rates are subject to change at any time. Payments shown are for principal and interest on a 30-year, fixed-rate loan. Loan amount assumes a 20% down payment. APR is calculated using closing costs of 3%. Actual fees can be less. Owning a home includes other expenses such as taxes, insurance,


Understanding the makeup of your credit score is the first step toward managing and improving it. As you might expect, payment history is the most influential component in your credit score, followed closely by the amounts you owe. To lesser degrees, the length of time you’ve utilized credit, the number of new accounts or inquiries you have, and the various types of credit accounts you hold also

March 2014
Why Should I Get a Mortgage Pre-Approval

It’s always been a good idea to get pre-approved for your mortgage loan, but lately, it’s become even more important. Why should I be pre-approved for a mortgage loan? In recent years, mortgage guidelines have been tightened. Documentation requirements have been expanded and followed more closely. A pre-approval gets you through the process and uncovers potential pitfalls long before you become obligated by a contract to


March 2014

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