Are Reserves Required When You Purchase a Home?

Are Reserves Required When You Purchase a Home? When purchasing a home, how much money do you need? It’s actually more than just the sale price. […]

How Much Does Private Mortgage Insurance (PMI) Cost?

How Much Does Private Mortgage Insurance (PMI) Cost? Mortgage insurance protects the lender if you default on your loan, and it’s required in certain circumstances. The […]

What Does Homeowners Insurance Need to Cover in a Mortgage Loan?

What Does Homeowners Insurance Need to Cover in a Mortgage Loan? Before taking out a loan to purchase a home, your lender will require that you […]

Is There Such Thing as 100 Percent Financing on a Home?

Is There Such Thing as 100 Percent Financing on a Home? Have you been struggling to save enough money for a down payment to purchase a […]

What is Residual Income and How Does it Impact a Home Loan?

What is Residual Income and How Does it Impact a Home Loan? Residual income has a couple of different definitions depending on the context. As it […]

Tips to Stage a Home so it Will Sell

Tips to Stage a Home so it Will Sell Staging a home may help it sell faster and may even help you get a higher price. […]

Can You Add Others to Title After You Purchase a Home?

Can You Add Others to Title After You Purchase a Home? Sometimes there is a need or desire to add a new party to a house […]

Can I Change My Insurance Agent After Closing?

Can I Change My Insurance Agent After Closing? A homeowner’s insurance policy, also known as hazard insurance, protects your investment (and your mortgage lender’s investment) should […]

Do I need Flood Insurance?

Do I need Flood Insurance? If you’re getting a loan to purchase a home, you may need flood insurance. How do you know if you need […]

If Rate Go Down and Your Locked-In, Can You Get the Lower Rate?

If Rate Go Down and Your Locked-In, Can You Get the Lower Rate? Did you know that interest rates are at a historical low right now? […]

Are You Protected if Your Mortgage Interest Rate is Locked and Rates Go Up?

Are You Protected if Your Mortgage Interest Rate is Locked and Rates Go Up? Have you ever wondered if you are protected if your mortgage rate […]

How Many Properties Can I Have Financed at Once?

How Many Properties Can I Have Financed at Once? Are you a real estate investor or thinking of becoming one? If so, you may have wondered, […]

What is the difference between LTV, CLTV, and TLVT?

What is the difference between LTV, CLTV, and TLVT? Loan-to-value (LTV) and CLTV are two of the most common ratios used during the mortgage underwriting process […]

Can Schooling Count Towards My Two-Year Work History for a Home Loan?

Can Schooling Count Towards My Two-Year Work History for a Home Loan? Mortgage rates are historically low right now. Unfortunately, many full-time students might think that […]

What is Escrow?

What is Escrow? If you start talking about real estate or purchasing a home, sooner or later, you’ll hear the term “escrow.” What is escrow? It […]

What is a Balloon Payment?

What is a Balloon Payment? You may have heard the term “balloon payment,” but do you know what it is? A balloon payment is a payment […]

Are Reserves Required When You Purchase a Home?

Are Reserves Required When You Purchase a Home? When purchasing a home, how much money do you need? It’s actually more than just the sale price. […]

Can You Use Retirement Funds to Purchase a Home?

Can You Use Retirement Funds to Purchase a Home? Have you been putting off buying a home because the down payment feels too daunting? One way […]

What Role Does a Title Company Play in a Mortgage?

What Role Does a Title Company Play in a Mortgage? Have you ever wondered, “What role does a title company play in a mortgage?” Title companies […]

6 Common Credit Myths

6 Common Credit Myths You might not think that having good credit is essential until you try to buy a new car or a home and […]

When to Pay for Credit Repair Services

When to Pay for Credit Repair Services Do you have poor credit and want to rebuild it? Have you thought about using a credit repair service? […]

How and When to Buy a Fixer-Upper Home

How and When to Buy a Fixer-Upper Home Have you ever fantasized about knocking down walls and making a distressed home a dream home? You’re not […]

What is the Long Term Effect of Foreclosure?

What is the Long Term Effect of Foreclosure? A foreclosure is a substantial negative event in your credit history that will significantly lower your credit score […]

What Are the Long Term Effect of Bankruptcy?

What Are the Long Term Effect of Bankruptcy? Are you considering filing for bankruptcy, or maybe you already did and aren’t sure of the consequences? Whether […]

Should You Do Debt Consolidation?

Should You Do Debt Consolidation? Are you over your head with credit card debt, car loans, or student loan payments? If so, you’re probably feeling overwhelmed […]

How to Establish a Good Monthly Budget

How to Establish a Good Monthly Budget Do you often have too much month left at the end of your money? It’s a common problem in […]

Common Money Mistakes You Should Avoid

Common Money Mistakes You Should Avoid It can sometimes be challenging to balance all of your financial responsibilities with your short and long term goals, and […]

What to Look for When Choosing Your Home Loan Lender

What to Look for When Choosing Your Home Loan Lender When it comes to getting a home loan, you have lots of choices. Not only do […]

Should You Ever Cosign a Loan?

Should You Ever Cosign a Loan? Have you ever had someone ask you for a large sum of money? That’s what someone is doing when they […]

What Documents Do You Need to Apply for a Home Loan?

What Documents Do You Need to Apply for a Home Loan? Are you thinking of purchasing a new home and wondering what kind of documents you […]

Top Tips for Saving Money

Top Tips for Saving Money All of us are different places in our lives, but most of us can agree on one thing. We need to […]

How to Deal with Financial Anxiety

How to Deal with Financial Anxiety Financial anxiety is a demon that haunts many Americans from all walks of like. It is not just people in […]

How Do I Know How Much I Can Afford to Pay for a Home?

How Do I Know How Much I Can Afford to Pay for a Home? Have you been dreaming of owning a home of your own? Perhaps […]

What Types of Insurance Do You Need When Buying a Home?

What Types of Insurance Do You Need When Buying a Home? If you’re wondering what types of insurance you need when buying a home, Primary residential […]

What is the Difference Between Title and Escrow?

What is the Difference Between Title and Escrow? There seems to be a lot of confusion between title and escrow and how they impact a real […]

Tips and Tricks on How to Avoid Wire Fraud

The internet has made wire fraud a common occurrence, easier to commit, and much harder to get caught. In 2017 alone, victims of internet fraud reported […]

How to Keep Your Credit Healthy

It’s almost 2020, and you might be thinking about New Year’s resolutions for your health, but have you thought about the health of your credit? How […]

Summer, Fall, Winter, and Spring Home Buying Tips

Anytime is a good time to buy a home. Sure, some people might try to convince you that one season is better than the others, but […]

Special Loan Options for Dentists, Veterinarians, and Ophthalmologists

Doctors make an enormous amount of personal sacrifices to become a doctor, and then even more once they practice. Often one of the many challenges doctors […]

What Are Cash Reserves and Why is it Important When Buying a Home?

The money you spend on buying a home is probably the single largest purchase you’ll ever make as a consumer, and you’ll probably need more cash than you […]

Need to know Down-Payment Facts

If you’ve been dreaming about buying a home, you might have some questions and concerns about down payments. As a first-time homebuyer, it’s reasonable to be […]

What is the Debt to Income Ratio and Why is it Important?

If you’re thinking of buying a home with financing or getting any type of loan, you’re going to hear the term “debt to income ratio.” You […]

Special Home Loan Benefits for Veterans

Every Veterans Day, the entire country stops to recognize and show gratitude to our veterans. At primary Residential Mortgage, we don’t think we should wait. We […]

Construction Loans: What are the Benefits of Building from Scratch?

When it comes to buying a new home, Primary Residential Mortgage realizes you have many options. Part of our responsibility is educating you regarding those options. […]

Top Reverse Mortgage Misconceptions

A reverse mortgage is a loan available to homeowners that are 62 years or older that enables them to convert some of the equity in their […]

Don’t Drown in a “Bad Mortgage”

A bad mortgage is sort of like a bad marriage. You feel stuck and frustrated. Fortunately, there is a reasonably painless way out of a bad […]

Go Green with Your Mortgage

According to a recent article by Scientific America, current human activities are pushing our planet toward a “tipping point” that may cause “sudden, irreversible changes” in […]

What is Mortgage Insurance and How/When to Eliminate it

Private mortgage insurance is a type of insurance that mortgage providers use to reduce their risk of loss on mortgages with a low down payment. Lenders […]

Home Financing Options for Foreign Nationals

As a foreign national, purchasing a home in the United States can be challenging, particularly if you need mortgage financing. Foreign nationals differ from immigrants in […]

True or False: All Lenders Offer the Exact Same Programs and Rates?

Do insurance providers all have the same program and rates? Of course not! What about medical providers? Nope, nope, nope! Home mortgage Lenders don’t either. If […]

Jumbo Loans are Gettier a Bit Easier

A jumbo mortgage, also called a jumbo loan, is a loan of $417,000 or more in most markets, and over $625,500 in some other more luxurious […]

Current Jumbo Loan Options

If you need a home loan close to half a million dollars, you’re most likely going to need what is called a jumbo loan or jumbo […]

Tips on Maximizing an Open House Tour

Most of us are not born with sales skills. Many people clam up in public and find themselves tongue-tied and not knowing how to act or […]

Down Payment Assistance Programs Available in Arizona

The Arizona real estate market is active! With rates low and demand for housing up, many people are thinking about purchasing a new home. If you […]

Bankruptcy: When and If You Can Purchase a Home Again

You may have heard the saying, “Life happens while you’re making other plans.” No one plans to lose their job, have a significant medical emergency, or […]

What is the Best Timing for Purchasing a Primary Residence?

We’ve been asked the question often, “When is the best time to purchase a new home?” The answer is always the same: it depends on your […]

Down Payment Assistance Programs Available in Oregon

If you live in Oregon and have dreamed of owning your own home, but have struggled to save the money for a down payment, some down […]

Why Home Ownership as an Employee Perk is Becoming Mainstream?

Soft benefits (nontraditional employee perks) are becoming mainstream. In recent years, that meant things like working remotely, educational assistance, family counseling services, and wellness programs like […]

Can You Use College as Your Work History to Get a Home Loan?

Are you excited about making your American dream a reality? Do you fantasize about having a home of your own with a big backyard and cozy […]

Important Tips on Investing in Real Estate and Becoming a Landlord

America is the land of opportunity. Hundreds of thousands of people have become wealthy by investing in real estate. Perhaps you’ve been dreaming of flipping homes, […]

The Best Home Loan Programs for Our Heroes

Veterans, Law Enforcement, Teachers, Doctors, and Firefighters Sometimes particular groups of people have unique loan needs. For example, doctors often have a higher debt to income […]

Most Common Hiccups in a Loan Transaction

Some of the best experiences in life often have a “hassle factor.” Think about it, events like graduating from college, getting married, having a child, and […]

Your Home Loan Process Road Map

Attaining a home loan may feel a little overwhelming. However, like most life milestones and adventures, the right guidance can help ease the burden, maybe even […]

Clark County Washington Real Estate Market in a Minute

The Clark County real estate market is continually changing. Month to month and year to year, there are interesting new trends and things to watch. This […]

What Renovation Programs are Available?

Are you dreaming about remodeling your kitchen or bathroom and looking for possible renovation programs? There are several government programs available from Federal, State, and local […]

Types of Down Payment Options: Tax Refunds, Gifts, Retirement Funds

Do you dream of buying a home of your own but hesitate because you lack the funds for a down payment? You’re not alone. Many people […]

When are You “Ready” to Purchase a Home?

Buying a home is usually part of the American dream. We fantasize about white picket fences, perfectly landscaped yards, and hosting whimsical parties for our friends […]

Following the 10 Commandments of Lending during the Process

Did you know that there are a 10 Commandments for the process of lending when you purchase or refinance a home? They aren’t just guidelines either; […]

Important Tips on Investing in a Primary Residence or Secondary Residence

Getting handed the keys to your new home is a feeling you’ll never forget, but the thrill can quickly fade into buyer’s remorse if you don’t […]

The Best Timing for Refinancing

If you’re like millions of Americans, you’ve probably accumulated a good deal of debt with lots of different lenders. Perhaps you have three credit cards, two […]

How the 2018 Standard Deduction Raise Changes the Tax Benefit for Owning a Home in WA

By now, you’ve probably filed your taxes, and if you haven’t, be prepared for a shock. The new tax laws have not affected most homeowners favorably, […]

What Sort of Down Payment Assitance Programs are Available in Washington State

For a lot of people, the American Dream of owning a home feels vastly out of reach, due in large part to the typical 20 percent […]

4 Ways to Improve your Credit Score

Nothing is worse than taking the time to apply for a new loan, waiting days to hear back, and then receiving that denial phone call, or […]

What are the Benefits of Owning a Home Versus Renting

You’ve probably heard the phrase, maybe even said it yourself, “Living the Dream.” For many people, the American Dream means owning a home. Purchasing a home […]

Online Lenders Versus Local Lenders: What’s the Difference?

Things have changed a lot in the mortgage industry in the past ten years. When once you had to go down to your local bank in […]

Opinions expressed are solely my own and do not express the views of my employer.
December 23, 2019

What’s the Difference Between Pre-qualification and Pre-approval?

Pre-qualification on a home loan is based on the information you tell the lender and is a rough estimate of how much you can afford. They […]
December 16, 2019

How to Keep Your Credit Healthy

It’s almost 2020, and you might be thinking about New Year’s resolutions for your health, but have you thought about the health of your credit? How […]
December 9, 2019

Summer, Fall, Winter, and Spring Home Buying Tips

Anytime is a good time to buy a home. Sure, some people might try to convince you that one season is better than the others, but […]
December 3, 2019

Special Loan Options for Dentists, Veterinarians, and Ophthalmologists

Doctors make an enormous amount of personal sacrifices to become a doctor, and then even more once they practice. Often one of the many challenges doctors […]
November 25, 2019

What Are Cash Reserves and Why is it Important When Buying a Home?

The money you spend on buying a home is probably the single largest purchase you’ll ever make as a consumer, and you’ll probably need more cash than you […]
November 20, 2019

Need to know Down-Payment Facts

If you’ve been dreaming about buying a home, you might have some questions and concerns about down payments. As a first-time homebuyer, it’s reasonable to be […]
November 13, 2019

What is the Debt to Income Ratio and Why is it Important?

If you’re thinking of buying a home with financing or getting any type of loan, you’re going to hear the term “debt to income ratio.” You […]
November 4, 2019

Special Home Loan Benefits for Veterans

Every Veterans Day, the entire country stops to recognize and show gratitude to our veterans. At primary Residential Mortgage, we don’t think we should wait. We […]
October 29, 2019

Construction Loans: What are the Benefits of Building from Scratch?

When it comes to buying a new home, Primary Residential Mortgage realizes you have many options. Part of our responsibility is educating you regarding those options. […]