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Q: All the gloom and doom I hear on the national news has me a little afraid of entering into a home purchase right now. Additionally, what I'm hearing about the mortgage industry "melt down" has me worried.
A: First, you need to know that the real estate industry is always a very localized market. Further, it's even more localized within a local market. More info, click here
What's happening nationally in the real estate industry has little effect on the Puget Sound real estate market. Properties within the Puget Sound area market rose over 5% in 2007, among the strongest in the nation, due in large part to the strength of our local economy.
With regard to the mortgage industry, again, the Puget Sound area came out as one of the strongest in the country. More info click here
Q: I want to purchase my first home but don't have enough cash for a down payment. Do you have any options for someone like me who has reasonably good credit, but not enough cash for a down payment?
A: Yes, we do have zero down loan programs available for first time home buyers. Give us a call and we can answer any questions. These programs change on a regular basis making a printed response of little value. To get the latest information please contact us.
Q: What is Private Mortgage Insurance and why do I need it?
A: Private Mortgage Insurance is required by lenders when the Loan to Value Ratio Exceeds 80% of the Homes Purchase Price.
Q: Are there any options I have with regard to Private Mortgage Insurance?
A: Yes, we do have programs available whereby you can qualify for a zero down loan without the requirement that you obtain PMI. This can be a significant savings to you as PMI costs on average of about one percent of the loan amount.
If you would like more information regarding the benefits of home ownership, please click here.
Do You Have a Question? If So, Please Click Here
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