By Ryan Ward, Mortgage Banker
HBT Mortgage Services
SEATTLE, WA - Taking the step into home ownership is one of the most important financial decisions a person will make in their lifetime. There are many factors to consider when embarking on this venture. Literally hundreds of loan programs are available, and it is imp ...
By Ryan Ward, Mortgage Banker
HBT Mortgage Serivces
SEATTLE, WA - Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achiev ...
By Ryan Ward, Mortgage Banker
HBT Mortgage Services
SEATTLE, WA - One of the biggest reasons homeowners refinance their mortgage is to obtain a lower interest rate and lower monthly payments. By refinancing, the borrower pays off their existing mortgage and replaces it with a new one. This can often be accomplished with a no-points no- ...
Seattle mortgage rates for November 25th 2009. Ryan Ward, Seattle
Mortgage Banker, gives updates on current rates for Conventional,
FHA and VA mortgage loans.
From last week, rates are up about 0.1875% for all Conventional,
FHA and VA mortgage loans. I predict that we will start to see
rates slowly rise by the end of the year. The Fed has announced
that they plan to ...
Ryan Ward, Seattle Mortgage Banker, gives an update on mortgage
rates for the November 17th 2009.
Rate updates for Conventional, FHA, and VA loans.
Across the board, rates are at the lowest they have been in quite a
few months. The fed announced last week that they intend to stop
buying mortgage back securities which will ultimately have a
negative effect on interest ra ...
Ryan Ward, Seattle Mortgage Banker, talks about locking your interest rates and when is the best time to lock your interest rate.
Locking your interest rate means that your lender is guaranteeing a rate on your loan even if the market rates change before closing. Most lenders will allow you to lock your rate 30 to 60 days before closing, with the option to extend the rat ...
Ryan Ward, Seattle Mortgage Banker, talks about what will be inculded in the payment of a typical 30 year fixed rate loan.
For they majority of borrowers, each monthly payment will go towards the following areas:
Ryan Ward, Seattle Mortgage Banker, talks about what you should bring with you when you are applying for a home mortgage.
If you have evertyhing with you when you visit your loan consultant, you'll save a good amount of time. If you are applying for a home loan with Ryan Ward, please bring the following: 1. social security numbers for both you and your spouse, if both of ...
Ryan Ward, Mortgage Banker, explains the differences between a fixed rate mortgage and an adjustable rate (ARM) mortgage.
Home mortgages consist of two types of loans; fixed interest rate or an adjustable interest rate. With a fixed-rate mortgage, the interest rate never changes and your payments remain stable throughout the life of your loan. With an adjustable-rat ...
Ryan Ward, Mortgage Banker, explains a simple break down of your typical closing costs.
There are a number of factors that will determine the amount of your closing costs - including type of mortgage, lender, location, and purchase contract. Closing costs will usually consist of the following: