Janet Kato Ramos Avatar

positive review  David Haley is the mortgage guru. He and his assistant Jan Solo formed the Dream Team who walked alongside us every step of the way,... [read more]

Janet Kato Ramos
Jake Emens Avatar

positive review  Working with David and team was actually a meaningful experience for me. They took the time to educate me on the process every step of... [read more]

Jake Emens
Jordan Vega Avatar

Working with Dave Haley was a real treat. I am a first time home buyer and he was beyond amazing at walking me through and... [read more]

Jordan Vega
John Sliwa Avatar

David is just outstanding! He is a very clear and effective communicator and totally transparent throughout the entire process. He also doesn't waste time and... [read more]

John Sliwa
Satit Chiva Avatar

First, I have to say thank you to David and Jan for helping us buying our dream home. You guys are super awesome. Very professional,... [read more]

Satit Chiva
Ang Dear Avatar

Excellent mortgage broker! Explained everything in terms we understood & worked with us. We've worked with mortgage professionals before that have been less than friendly... [read more]

Ang Dear
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Are We Headed for Another Housing Bubble?

Driven by the recent bond market activity, mortgage interest rates saw a sharp increase in the month of June. Some people fear that this is going to send the housing market into yet another bubble, much like we experienced last decade. However, the forecasts are not all grim.

In order for another bubble to happen, we would have to see a significant drop in the affordability of homes. As long as the national median-income household can afford the national median-priced home, we won’t be plagued with the same wave of risky credit ventures that brought about the economic downturn of the past decade. Though housing affordability was at a low point in June of 2006, forty-eight states currently enjoy an affordable housing market today.

With home prices as low as they are, we would have to see quite the substantial jump in rates in order to hurt their affordability. Meanwhile, the recent rise in mortgage rates can serve to slow the current pace of appreciation, which can actually help to prevent another bubble from forming.

Much of what ultimately happens will, of course, depend upon the unpredictable attitudes and expectations of the public, but there’s no reason to believe that we’re about to see another significant downturn anytime soon. With that in mind, keep your chin up and contact David Haley for all of your mortgage and home loan needs in the Lynnwood area.

Seattle VA Loan Limits 2012

VA just released their new loan limits for Seattle, Snohomish, Everett, Tacoma, Lynnwood, Shoreline Area and Surrounding Counties:

King: $458,850 | Snohomish $458,850 | San Juan $432400 | Pierce $458,850

This will allow for 100% Financing for qualifying miltiary servicemen and women.

http://www.benefits.va.gov/HOMELOANS/docs/Loan_Limits_2012_Dec_2011.pdf

Let me of service to you as you served our country! Thank you

FHA Mortgage – Gift Funds – Bothell, Mill Creek, Lynnwood WA

Gift funds still allowed for Home Buyers seeking to become a home owner, with home prices that are compared to 2000-2003 prices, and with today’s low interest rates, often times you can get into a home lower than what your rent payments are.

Gift funds can come from family members and all that is needed is 3.5% for your down payment, so if you were to purchase a home for as little as 150,000.00 then you will only need: 5,250.00  as a gift down payment.

There are other ways that you can accomplish this down payment if you choose to not receive a gift from your family, you can take a loan on your 401k up to 10,000.00 when you are a First Time Home Buyer.

When you are ready to go out and begin the home search make sure you have your finances, credit, and employment all worked out, by this I mean get pre-approved before you take the step to go out and look for your home. You must know what your payment and debt to income ratios will be, as well as what you can truly afford.

Buying a home can be easy when you have the right steps done in the right order, believe me, make sure you know what you can truly afford before you go out looking for a home.

Stanwood-listing-003 Who can qualify for a FHA Home loan, just about anyone, you do not have to be a first time home buyer! If you have owned a home before that is fine, you can have one FHA loan at a time, is the main guideline, however some exceptions have been seen before.

So to quickly summarize you can still purchase a home Zero Down* if you do receive a Gift! Should you seek more information and want to know what you qualify for go to the top right side of the website, click “Apply Now” and put David Haley as the loan officer and I will be glad to help you get started to owning your new home!

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