Holiday Fire Safety

During the holiday season, homes are often beautifully decorated with candles, fresh garlands and trees adorned in lights. While the wonder of the season is exciting, it is important to be aware of potential fire hazards. Follow the tips below to make sure your home is festive and free of potential danger.

  1. If you choose to decorate a live tree, try to find one that is fresh. Fresh trees are safer for your home because they are less likely to catch fire. Some indicators of a fresh tree are:
  • Vibrant green color with needles that are not easily plucked
  • A trunk that is sticky with resin

Watch out for trees that have a greenish cast to their trunks and branches, as some growers spray trees with green paint to make them more appealing to buyers.

  1. When decorating your Christmas tree (live or artificial), ensure your tree won’t start an electrical fire. Some good tips include:
  • Use only lights that have been tested for safety (a label from an independent testing laboratory should appear on the box)
  • Check each set of lights for broken sockets, frayed wires or loose connections
  • Use a maximum of three standard-sized strings of lights per single extension cord
  • Keep cords and lights away from the tree’s water supply
  1. To dispose of your tree, take it to a tree recycling center or have it hauled away by a community pick-up service. Never burn trees, branches or needles in a fireplace or woodstove. Fir trees and pine trees have a copious amount of sap, which can explode.

For more on holiday fire safety, click here. If buying a new home is on your list of resolutions for the new year, I would welcome the opportunity to speak with you about your homebuying needs! Let’s plan to meet soon.

Are There Different Types of Credit Scores? Here’s What You Should Know

Stacey Sprain
Home.com Contributor
11/26/2021

If you’re used to checking your credit score through a free app or credit card account, you might be surprised to know that the number you see there doesn’t tell the whole story. There are several types of credit scores.

In fact, the credit scores you see online through free credit report and scoring sites are probably not the same credit scores a lender will use when you apply for a loan or credit.

“It is important to make a distinction between consumer credit scores and the FICO scores that lenders use,” said Dylan Hoffman, a senior mortgage consultant with Fairway Independent Mortgage Corporation (Fairway owns Home.com). “Consumer scores will generally be higher because they are on a larger scale. This can get confusing because there are also different FICO scoring models, depending on the type of lender.”

Below, we explain the three most common credit scoring models you’re likely to run across in the market.

Read Original Article

Feldman: What’s one of the newest things you feel that advisors should be thinking about today?

Jordan: I’ve recently become an advocate for reverse mortgages. I used to hold up a garlic and the crucifix whenever I heard about reverse mortgages. But for people over age 62, there’s $10.2 trillion tied up in their houses. And reverse mortgages are not just for the wealthy people.

You’ve got some poor guy who bought a house for $25,000 some 30 years ago. It could be worth $250,000 now. For the first time in his life, he has access to funds.

And so there could be the possibility of using a buffer asset. If you’re in a situation like recently, when the Dow went down 1,000 points in a day, that’s volatile. Well, guess what? You shouldn’t be taking money out of your account. Perhaps you could shift to another pocket. And it could come from your reverse mortgage. And the money comes out on a tax-free basis. And so it allows the portfolio to heal, the classic buffer-asset type of approach. That’s one thing to do.

Another benefit a reverse mortgage could provide for someone who reaches age 62 is to provide a Social Security bridge. This would allow you to obtain the funds you might need and then wait until age 67 or 70, when the monthly payout would be significantly more. If you wait till 70, it’s 77% more.

With IRMAA [income-related monthly adjustment amount], how much money you make in retirement dictates the premiums you pay for Medicare. Well, if you use some of your income from your reverse mortgage, it’s tax-free, and so using it could help lower Medicare premiums.

So there’s a lot of flexibility there.

People have to begin to use the wealth they have in their home. For the most part, it’s three-quarters of a person’s net assets in terms of the average person. And they’re able to use that wealth instead of just saying, “The house is paid off.” This could be helpful, especially because people are living a lot longer.

Source

Moving to the City of Mountlake Terrace

The small, scenic city of Mountlake Terrace is one of the most sought-after spots in south Snohomish County.

Known for its desirable real estate and overall prosperity, this town of generally spacious homes is less than 20 minutes north of Seattle. The coming light rail connection has sparked a development boom in this previously sleepy suburb, as new residences and restaurants pop up regularly.

Homes in Mountlake Terrace

The roomy homes in Mountlake Terrace fetch a fairly high price per square foot. Recent sale prices generally fall in the upper tier of the market for south Snohomish County, but remain a good value compared to Seattle proper.

The core of the city comprises single-family homes. There are also several apartment communities—generally high-end and often newly built—primarily toward the western and southern edges of town.

As you’ll find throughout greater Seattle, prices are changing quickly as more people seek to call this area home.

Education

The well-regarded Edmonds School District serves Mountlake Terrace and most neighboring areas. Local families generally send their kids to Mountlake Terrace High School, Brier Terrace Middle School, and one of three public elementaries.

Some parents also opt for one of three private schools within city limits, or several others just a few miles outside.
Transportation
Mountlake Terrace is roughly halfway between Seattle and Everett.

The city has good highway access, being adjacent to I-5 and WA-104 (Ballinger Way/NE 205th/Edmonds Way), and a stone’s throw from WA-99. In the southwest corner of the city, the existing transit center will soon host a light rail station, giving locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the well-kept Mountlake Terrace Recreation Pavilion, the popular Veterans Memorial Park (and several neighborhood ones), the wooded Lyon Creek path, and even a public golf course. Dozens of other family-friendly recreation opportunities are located within a few minutes’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, and outdoorsy types enjoy easy access to the Cascades via Highway 2.

Tips for Moving to Mountlake Terrace

It’s easy to see why so many out-of-towners opt for Mountlake Terrace, and why plenty of locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!
If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you
Speaking of agents, it’s essential to find someone who knows Mountlake Terrace and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in south Snohomish County.

3. Talk to lenders & get pre-approved
Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal Mountlake Terrace home.

Lynnwood’s Alderwood Manor South Neighborhood

Alderwood Manor South is a popular and rapidly growing neighborhood in Lynnwood, Washington. As of the 2020 Census, it’s home to just over 5,000 people.

Known for quiet streets and a secluded feel, this enclave of generally spacious homes is only half an hour’s drive north of Seattle, and immediately southeast of the lively commercial areas around Alderwood Mall.

Homes

The roomy homes around Alderwood Manor South fetch a moderate to high price per square foot, in keeping with other desirable spots in Snohomish County.

Owner-occupied single-family homes are the norm. Houses aren’t often for rent. However, there’s a selection of apartment communities, primarily toward the northwestern edge of the area, near I-5.

As you’ll find throughout Lynnwood, prices are changing quickly as more people seek to settle here.

Education

The well-regarded Edmonds School District serves Alderwood Manor South and several adjoining areas. Most local families attend Cedar Way or Hazelwood Elementary School, Alderwood or Brier Terrace Middle School, and Mountlake Terrace High School.

Some parents also opt for one of several private schools within about 5–10 miles of the neighborhood.

Transportation

Like most of Lynnwood, Alderwood Manor South is roughly halfway between Seattle and Everett.

The neighborhood has good freeway access, being just minutes south of the I-5/I-405 interchange. Immediately west of Alderwood Manor South, an upcoming light rail station will give locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the fresh air and greenery of several city and county parks near the neighborhood. Dozens of other parks, trails, and green spaces are also accessible within a few miles’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, while outdoorsy types enjoy easy access to the Cascades via Highway 2.

Moving to Alderwood Manor South in Lynnwood

It’s easy to see why so many out-of-towners opt for Alderwood Manor South, and why plenty of Lynnwood locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!

If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you

Speaking of agents, it’s essential to find someone who knows Alderwood Manor South and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in the Lynnwood area.

3. Talk to lenders & get pre-approved

Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal Alderwood Manor South home.

Lynnwood’s Alderwood Manor Neighborhood

Alderwood Manor is a popular and rapidly growing neighborhood in Lynnwood, Washington. As of the 2020 Census, it’s home to just over 5,100 people.

Known for quiet streets and a secluded feel, this enclave of generally spacious homes is only half an hour’s drive north of Seattle, and adjacent to the lively commercial areas around Alderwood Mall.

Homes

The roomy homes around Alderwood Manor fetch a moderate to high price per square foot, in keeping with other desirable spots in Snohomish County.

Owner-occupied single-family homes are the norm. Houses aren’t often for rent, although there is only one large apartment complex in the neighborhood.

As you’ll find throughout Lynnwood, prices are changing quickly as more people seek to settle here.

Education

The well-regarded Edmonds School District serves Alderwood Manor and several adjoining areas. Most local families attend Lynnwood or Spruce Elementary School, Alderwood or Meadowdale Middle School, and Lynnwood or Meadowdale High School.

Some parents also opt for one of several private schools within about 5–10 miles of the neighborhood.

Transportation

Like most of Lynnwood, Alderwood Manor is roughly halfway between Seattle and Everett.

The neighborhood has good freeway access, being just minutes west of the I-5/I-405 interchange. Immediately southwest of Alderwood Manor, an upcoming light rail station will give locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the fresh air and greenery at Pioneer Park. Dozens of other parks, trails, and green spaces are also accessible within a few miles’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, while outdoorsy types enjoy easy access to the Cascades via Highway 2.

Moving to Alderwood Manor in Lynnwood

It’s easy to see why so many out-of-towners opt for Alderwood Manor, and why plenty of Lynnwood locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!

If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you

Speaking of agents, it’s essential to find someone who knows Alderwood Manor and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in the Lynnwood area.

3. Talk to lenders & get pre-approved

Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal Alderwood Manor home.

Lynnwood’s Cedar Valley Neighborhood

Cedar Valley is a popular and rapidly growing neighborhood in Lynnwood, Washington. As of the 2020 Census, it’s home to just over 4,200 people.

Known for quiet streets and a secluded feel, this enclave of generally spacious homes is only half an hour’s drive north of Seattle, and a couple miles southwest of the lively commercial areas around Alderwood Mall.

Homes

The roomy homes around Cedar Valley fetch a moderate to high price per square foot, in keeping with other desirable spots in Snohomish County.

Owner-occupied single-family homes are the norm. House rentals are not common, although there are a few apartment complexes in the neighborhood, and several more just beyond.

As you’ll find throughout Lynnwood, prices are changing quickly as more people seek to settle here.

Education

The well-regarded Edmonds School District serves Cedar Valley and several adjoining areas. Most local families attend Cedar Way or Cedar Valley Elementary School, Alderwood or Brier Terrace Middle School, and Lynnwood or Mountlake Terrace High School.

Some parents also opt for one of several private schools within about 5–10 miles of the neighborhood.

Transportation

Like most of Lynnwood, Cedar Valley is roughly halfway between Seattle and Everett.

The neighborhood has good freeway access, being just a couple miles southwest of the I-5/I-405 interchange. Right within Cedar Valley, an upcoming light rail station will give locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the fresh air and greenery at Scriber Lake, Scriber Creek, and South Lynnwood Parks. Dozens of other parks, trails, and green spaces are also accessible within a few miles’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, while outdoorsy types enjoy easy access to the Cascades via Highway 2.

Moving to Cedar Valley in Lynnwood

It’s easy to see why so many out-of-towners opt for Cedar Valley, and why plenty of Lynnwood locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!

If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you

Speaking of agents, it’s essential to find someone who knows Cedar Valley and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in the Lynnwood area.

3. Talk to lenders & get pre-approved

Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal Cedar Valley home.

Lynnwood’s Martha Lake Neighborhood

Martha Lake is a popular and rapidly growing neighborhood in Lynnwood, Washington. As of the 2020 Census, it’s home to just over 7,300 people.

Known for quiet streets and a secluded feel, this enclave of generally spacious homes is only half an hour’s drive north of Seattle, and ten minutes northeast of the lively commercial areas around Alderwood Mall.

Homes

The roomy homes around Martha Lake fetch a fairly high price per square foot, in keeping with other desirable spots in Snohomish County.

Owner-occupied single-family homes are the norm. Houses aren’t often for rent, although there are a couple apartment complexes along the neighborhood’s southern edge.

As you’ll find throughout Lynnwood, prices are changing quickly as more people seek to settle here.

Education

The well-regarded Edmonds School District serves the majority of Martha Lake and several adjoining areas. Most local families attend Oak Heights Elementary School, Alderwood Middle School, and Lynnwood High School.

The northernmost portion falls within the Mukilteo School District, and attends Discovery Elementary School, Voyager Middle School, and Mariner High School.

Some parents also opt for one of several private schools within about 5–10 miles of the neighborhood.

Transportation

Like most of Lynnwood, Martha Lake is roughly halfway between Seattle and Everett.

The neighborhood has good freeway access, being adjacent to I-5 and just minutes north of the I-5/I-405 interchange. Five miles south of Martha Lake, an upcoming light rail station will give locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the fresh air and greenery at Martha Lake Park and the former Martha Lake Airport, which was converted to a large park after the airfield’s closure. Dozens of other parks, trails, and green spaces are also accessible within a few miles’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, while outdoorsy types enjoy easy access to the Cascades via Highway 2.

Moving to Martha Lake in Lynnwood

It’s easy to see why so many out-of-towners opt for Martha Lake, and why plenty of Lynnwood locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!

If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you

Speaking of agents, it’s essential to find someone who knows Martha Lake and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in the Lynnwood area.

3. Talk to lenders & get pre-approved

Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal Martha Lake home.

Mountlake Terrace’s City Center Neighborhood

The City Center is a popular and rapidly growing neighborhood in Mountlake Terrace, Washington. As of the 2020 Census, it’s home to roughly 4,200 people.

Known for its mix of quiet streets and an emerging urban vibe, this trendy enclave is about 20 minutes north of Seattle, and within 10 minutes of picturesque downtown Edmonds and the bustling Alderwood Mall. As development progresses, it’s also becoming a livelier and more walkable spot in its own right.

Homes

Homes around the City Center vary considerably in size. Most fetch a fairly high price per square foot, in keeping with other desirable spots in Snohomish County.

Owner-occupied single-family homes are the norm, although townhomes and condominiums are more readily available than most other parts of the city. Houses aren’t often for rent, but there are numerous apartment complexes in the neighborhood, and several more just beyond.

As you’ll find throughout Mountlake Terrace, prices are changing quickly as more people seek to settle here.

Education

The well-regarded Edmonds School District serves the City Center and several adjoining areas. Most local families attend Terrace Park and Mountlake Terrace Elementary Schools, Brier Terrace Middle School, and Mountlake Terrace High School.

Some parents also opt for one of several private schools within about 5–10 miles of the neighborhood.

Transportation

Like most of Mountlake Terrace, the City Center is roughly halfway between Seattle and Everett.

The neighborhood has good freeway access, being adjacent to I-5 and a couple miles from SR 99. In the heart of the City Center, an upcoming light rail station will give locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the fresh air and greenery at Veterans Memorial Park and Forest Crest Playfield. Dozens of other parks, trails, and green spaces are also accessible within a few miles’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, while outdoorsy types enjoy easy access to the Cascades via Highway 2.

Moving to Mountlake Terrace’s City Center

It’s easy to see why so many out-of-towners opt for the City Center, and why plenty of Mountlake Terrace locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!

If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you

Speaking of agents, it’s essential to find someone who knows the City Center and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in the Mountlake Terrace area.

3. Talk to lenders & get pre-approved

Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal City Center home.

The Mountlake Terrace East Neighborhood

Mountlake Terrace East is a popular and rapidly growing neighborhood in Mountlake Terrace, Washington. As of the 2020 Census, it’s home to roughly 3,500 people.

Known for quiet streets and a secluded feel, this enclave of generally spacious homes is only half an hour’s drive north of Seattle, and within 15 minutes of picturesque downtown Edmonds and the bustling Alderwood Mall. It’s also a stone’s throw from Mountlake Terrace’s own burgeoning city center.

Homes

The roomy homes around Mountlake Terrace East fetch a moderate to high price per square foot, in keeping with other desirable spots in Snohomish County.

Owner-occupied single-family homes are the norm. Houses aren’t often for rent, although there is a large apartment complex in the neighborhood, and several more just beyond.

As you’ll find throughout Mountlake Terrace, prices are changing quickly as more people seek to settle here.

Education

The well-regarded Edmonds School District serves Mountlake Terrace East and several adjoining areas. Most local families attend Cedar Way or Terrace Park Elementary School, Brier Terrace Middle School, and Mountlake Terrace High School.

Some parents also opt for one of several private schools within about 5–10 miles of the neighborhood.

Transportation

Like most of Mountlake Terrace, Mountlake Terrace East is roughly halfway between Seattle and Everett.

The neighborhood has good freeway access, a couple miles east of I-5 and only slightly farther from SR 99. An upcoming light rail station immediately west (beside I-5) will give locals a great option to leave town—and leave their cars behind.

Recreation

Close to home, residents can enjoy the fresh air and greenery at Terrace Creek and Terrace Ridge Parks. Dozens of other parks, trails, and green spaces are also accessible within a few miles’ drive.

Seattle’s big-city amenities and Everett’s burgeoning cultural scene are both readily accessible, while outdoorsy types enjoy easy access to the Cascades via Highway 2.

Moving to Mountlake Terrace East

It’s easy to see why so many out-of-towners opt for Mountlake Terrace East, and why plenty of Mountlake Terrace locals hope to own their first house here.

If you’d like to call it home, too, then here are three tips for an easy transaction and transition.

1. Don’t be scared!

If the homebuying process seems a bit overwhelming or mystifying, you’ve got nothing to worry about. Even if it’s not your first house, it’s still normal for the whole thing to feel like…a bit much.

Remember that a big part of your agent’s job is to help you stay on top of all those moving pieces!

2. Find a local expert to guide you

Speaking of agents, it’s essential to find someone who knows Mountlake Terrace East and its vicinity like the back of their hand.

Agents who can fill out paperwork are a dime a dozen, but there’s no substitute for the street-by-street knowledge of someone who actually lives and works in the Mountlake Terrace area.

3. Talk to lenders & get pre-approved

Before doing anything else, it’s important to consult a lender and have a mortgage pre-approval in hand.

This will let you move quickly and make a successful offer—fingers crossed!—once you’ve found the ideal Mountlake Terrace East home.


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