Seattle is a low risk for home price drops
April 29, 2008
A report that just recently came out by the PMI Group indicates that Seattle is at a very low risk of prices dropping in the next two years. According to their estimation, there’s only a 3.8% chance that prices will decline.
Check out the article: http://media.corporate-ir.net/media_files/irol/63/63356/PMIERET_Spring08.pdf
Credit Tip - Short Sales & Your Credit Report
April 24, 2008
Did you know that as part of a “Short Sale” process, a borrower can (in most cases) pre-negotiate how the entry of a short sale is recorded on their credit file? The best case scenario for credit reporting is something along the lines of account legally paid in full for less than the full balance” Furthermore, The Mortgage Forgiveness Debt Relief Act enacted into law in December 2007 (for debt forgiven in 2007, 2008 and 2009), allows borrowers that have had to make this tough decision, for debt incurred to either buy, build or substantially improve their primary residence.
Do’s and Don’ts During the Mortgage Process
April 17, 2008
Dos and Don’ts During the Mortgage Process
- Do keep your current job
- Don’t do any major changes in your finances
- Do keep all your credit accounts open
- Don’t make any large purchases (i.e. new car)
- Do keep inquiries on your credit to a minimum (none is preferable)
- Don’t secure any cash advances
- Do continue making ALL your payments on time, especially your mortgage
- Don’t transfer any credit card balances
- Do limit yourself on new credit card charges
Time for a Money Makeover
April 17, 2008
Invest in Yourself, Not Your House
April 17, 2008
Facing Financial Dysfunction - Part 3
April 17, 2008
Facing Financial Dysfunction - Part 2
April 17, 2008
Facing Financial Dysfunction - Part 1
April 17, 2008
Secrets of the Millionaire Mind - Part 2
April 17, 2008
Secrets of the Millionaire Mind - Part 1
April 17, 2008