Issaquah, Bellevue, Redmond, Kent, Covington, Auburn, South King County Real Estate - Active Rain

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Education & Training - Modus Mortgage - NMLS #116235
Puget Sound Mortgage Broker devoted to providing the best mortgage info through my blog for Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton, and the entire Puget Sound region!
RECENT BLOG POSTS
It seems that home prices have currently leveled off after a nice bounce from the 2008/2009 period when home prices declined drastically. Currently Mortgage rates are close to record lows (as of 1/10/2015), and that is "after" the FED has announced their Bond buying will decrease. This news shoul...
01/10/2015
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Old Profile Contents About me: Mount Rainier, Washington  Born and raised in Seattle, WA. My Real Estate experience began approximately 20 years ago when I was 18 years old and purchased a main residence in Burien, WA for myself. I sold that home, made some money, and have been hooked on Real Est...
11/21/2013
FHA MORTGAGE INSURANCE PREMIUM (MIP & UFMIP)   FHA charges two Mortgage Insurance fees on each loan; Up Front Mortgage Insurance Premium (UFMIP) typically financed in the loan. Annual mortgage Insurance (MIP) paid monthly.   Effective April 1, 2013 FHA Annual MIP for 30 Year loans increased to 1....
07/12/2013
  Home Affordable Refinance provides refinance opportunities to borrowers with existing Fannie Mae loans who have demonstrated an acceptable payment history on their mortgage but have been unable to refinance to obtain a lower payment or move to a more stable product. Homes without monthly mortga...
10/16/2012
The HAFA short sale program, effective from April 5, 2010, through December 31, 2012, has been touted as the answer to every short sale agent's nightmare. HAFA promises short sale approval within 10 days and gives the seller up to $3,000 in cash at closing. But because HAFA is a government-sponso...
10/16/2012
Hello, I am seeing many investment home purchase deals with seller paid closing costs exceeding the maximum amount and this is lost money for a purchaser. If you are buying an investment home right now, you, as the borrower/investor, must know the maximum that Fannie Mae and Freddie Mac allows is...
03/19/2012
FHA has increased their upfront and annual mortgage insurance premiums again. It is getting very expensive for an FHA loan. If you can qualify for a conventional loan, the costs are much better. There is no upfront MI and much lower annual (paid monthly in mortgage payment) MI. Changes will be ef...
03/16/2012
Determining which mortgage term is right for you can be a challenge. With a 15 year mortgage you will pay significantly less interest, but only if you can afford the higher monthly payment. Use this calculator to compare these two mortgage terms, and let us help you decide which term is better fo...
03/14/2012
There is a lot of confusion about the "no cost" refinance. What people need to realize is that there are always costs on a loan such as appraisal, underwriting, processing, title, escrow, and etc,. The difference is that with a "no cost" loan the rate is increased by a certain amount of basis poi...
08/15/2011
Here are some real simple basic FHA pros/cons to simply go over and compare an FHA loan to a Conventional loan... FHA Pro: An FHA loan is designed for lower credit borrowers (640-700 range). The loan guarantee allows the government to make a guarantee to the lender against a loan default because ...
06/20/2011
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Jason Schweiger

Loan Originator: Modus Mortgage
local_phone(253) 315-5580
smartphone(253) 315-5580
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Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.