Category Archives: Mortgage Updates

Bonney Lake Homes for Sale $250,000

Hi all below is a rate/payment scenario when looking at Bonney Lake homes for sale $250,000.

If you are thinking of purchasing a home in the Bonney Lake area or any surrounding  areas, rates are fantastic and your payment is just as much as rent in most areas. See below:

VA -Zero Down:              FHA 3.5% Down                USDA Loan-Zero Down

Loan amount $250,000    Loan Amount: 241,250       Loan Amount: $250,000

Term: 30 Year Fixed           Term: 30 Year Fixed          Term: 30 Year Fixed

Int Rate: 4.25%                     Int Rate: 4.25%                      Int Rate: 4.50%

APR: 4.410%                        APR: 5.806%                           APR: 6.084%

P & I: $1229.85                 P & I : $1198.67                       P & I :$1308.51                       

PMI: 0.00                           PMI: $190.99                        PMI: 0.00

Are you confused yet? My lender Carman Vo is excellent at what she does. I would love for you to meet her and see if homeownership is in your future.

Bonney Lake, Lake Tapps and Sumner has plenty of homes in this price range once you have taken the step to get pre-approved with Carman we can start shopping.

Have a great Friday all!

Live Life, Be Well…Namaste!

Krisy

Mortgage Update

Hello, I hope you have a wonderful weekend. I am leaving Bonney Lake and heading for Sun Lakes…yahoo!!!

A quick mortgage update before I head out…

This one is all over then news, home buyer tax credit coming back? Click Here – Inman.com (this could be huge!)
Rates:

30 Year Fixed Rate Conventional and FHA / VA loans have reached the 4% barrier this morning!!

30 year conventional – 4.21% APR / FHA 4.97% APR

15 year fixed rate conventional 3.75% – 4.12%APR

15 year fixed rate FHA /VA 5.04% APR

These rates are based on $250,000 Loan Amount. Certain other factors can affect pricing (loan to value, credit scores, debt to income etc). If you have any questions on these loan products, give me a call I will forward you to my good friend Jon at Allie Home Mortgage.

Live Life, Be Well…Namaste!