Rare and Gorgeous Opportunity in Tehaleh

Act quickly to jump on this gorgeous opportunity. Lennar Calispel plan with everything included will not last in the desirable community of Tehaleh. This 4 bedroom with Bonus room and Office/ Den has the perfect layout, gorgeous built-ins, extensive hardwoods, stainless appliances that stay and a tandem 3 car garage. Enjoy the covered porch in the backyard with a greenbelt view and walking path for ultimate stretching room, nature watching and serenity. Don’t wait in line when this one is available now!  For a private showing, contact Liz Johnson at 253-670-0357.

To watch a short video, click on the photo below

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Do you want to rock this status?

Who’s next? Let us know how we can help you or someone you know rock this status too.   For any questions you may have or to know how awesome your situation could be, buying or selling, email us at info@thelizjohnsongroup.com or click on the picture to fill out our contact form.
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Designer and Chef’s Dream in Desirable Tehaleh!

Discover a designer’s dream with this move-in ready Richmond American home in the desirable community of Tehaleh. The home boasts an elegant and smart floor plan, perfect for entertaining small to large crowds. Specific details including a chef’s gourmet kitchen complete with custom granite, Sub Zero refrigerator and hood, formal dining room and hand scraped hardwoods bring the finer things in life to the surface. Don’t let this opportunity slip by. The details are finished and ready for you.  For a private showing, contact Liz Johnson at 253-670-0357.

Click on the photo to watch the home’s video

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8 Questions your lender should answer about mortgage rates

  1. Who determines mortgage rates, and what are they tied to?

Mortgage interest rates are determined by the pricing of Mortgage Backed Securities or Mortgage Bonds.

  1. How often do mortgage rates change?

Mortgage rates may change throughout the day, however they only change on days when the Bond markets are trading securities since mortgage rates are based on Mortgage Bond prices.

  1. What causes mortgage rates to change?

Mortgage Bonds are largely affected by various market forces that influence the changing demand for bonds within the market.

  1. What do you use to monitor mortgage rates?

There are several great subscription based services available to monitor Mortgage Bond pricing.

  1. When the Fed changes rates, why do mortgage rates move in the opposite direction?

It is a common misconception that when the Federal Reserve implements a rate cut it is immediately correlated to a reduction in mortgage rates.

  1. Do different programs have different interest rates?

Conventional, FHA and VA loans can all carry different rates on a 30 – year fixed mortgage.

  1. Why is an Adjustable Rate Mortgage (ARM) rate lower than a fixed rate mortgage?

An Adjustable Rate Mortgage (ARM) is usually fixed for a specific period of time.

  1. Why are rates higher for different property residence types?

Mortgage interest rates are based on risk-based pricing.

 

Need a good mortgage company referral?  We’ve got the right people!  Let us know how we can help you.

 

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Mortgage DOs and DON’Ts

DO:

Keep ALL records in good order.

Availability – Keep your financial records close at hand in case updates are requested.

Income – Be aware that underwriters typically verify your income and tax documents through your employer(s), CPA, and/or IRS tax transcripts.  Hold onto new paystubs as received.

Assets – Continue saving incoming account statements.  Keep all numbered pages of each statement.  Ex. 8 of 8.

Gifts – If you’re receiving an gift money from relatives, they’ll need to sign a gift letter (mortgage consultant provides) and an account statement evidencing the source, which must be “seasoned” funds.

Current Residence – If you’re renting, continue paying your rent on time and save proof of payment.  If you’re selling your current residence, be prepared to show your HUD-1 Settlement Statement.  If you’ll be renting your home, you may need to show sufficient equity, a lease and receipt of the first month’s rent and security deposit.

Keep your credit shining – Continue making payments on time.  Your credit report may be pulled again, and any negative change to your score could cause you to lose your approval and your home.

Understand that things have changed – Underwriters require more documentation than in the past.  Even if requests seem silly, intrusive or unnecessary, please remember that if they didn’t need it, they wouldn’t ask.

 

DON’T:

Apply for new credit – Changes in credit can cause delays, change the terms of your financing or even prevent closing.  If you must open a new account (or even borrow against retirement funds), please consult with a high caliper mortgage company first (I can tell you specifically where to find such a caliper of company).

Change jobs during the process – Probationary periods, career or even status changes (such as from a salaried to a commissioned position, leave of absence or new bonus structure) can be subject to very strict rules.

Make undocumented deposits – Primarily large but sometimes even small deposits must be sourced unless they are identified.  Make copies of checks and deposit slips.  Keep your deposits separate and small.  Avoid depositing cash.

Wait to liquidate funds from stock or retirement accounts – If you need to sell investments, do it now and document the transaction.  Don’t take the risk that the market could move against you leaving you short of funds to close.

Ever be afraid to ask questions – If you’re uncertain about what you need or what you should do, ask the high caliper mortgage consultant I refer you to.  That’s their job.  They help you get through the first stages with the best understanding possible.  When you’re ready to take the next step, contact us.  We’re happy to help, and know what we’re talking about!

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