Friday, July 30, 2010

Mill Lane Townhome For Sale, Mill Creek, WA - 2 Bedroom Rambler Style Townhome

This is an amazing opportunity to own a unique rambler-style townhome in the cozy, peaceful Mill Creek golf course community of Mill Lane. Dan Keller, Mill Creek Mortgage Advisor and Lori Brandel, veteran Mill Creek Realtor proudly showcase this beautiful home. You will not find another home on the market like this Mill Lane Townhome For Sale in Mill Creek, WA.
Please note: This home is NOT a short-sale. This beautiful home and community is detailed on the LIVE slide show link below. This condominium project is FHA approved and you may qualify to purchase this home using the Zero Down House Key State Bond first time home buyer program. Contact House Key Approved Lender Dan Keller for more information. This community is worth the vistit exploring. You will not be dissapointed! Great neighbors, great community, great schools, and convenient to I-5 and all ammenties.

The House Key State Bond Program Offers A Zero Down Alternative For First Time Home Buyers

Dan Keller, Everett FHA Mortgage Banker is now approved to fund House Key State Bond Mortgages. We've all heard of FHA financing, it's pretty much the hottest loan program banks are selling today. However, sometimes the 3.5% down payment that is required with FHA is a qualifying issue for our clients. Well, I think, as a matter of fact, I know I have the solution to that problem. It is the Washington State House Key State Bond Program

The State Bond Program requires home buyers (first time home buyers) to attend a House Key Sponsored Home Buyer Education Course with a Washington State Approved House Key Mortgage Lender. The course requirements can be found on my blog that I just created for potential buyers and their agents. Click here for a link to my blog/site for Realtors and buyers that could benefit from FHA down payment assistance
I think I am just as excited to start using this program to help agents market their listings too. Contact me at if you have any questions or would like more information on marketing your listings with the House Key State Bond Program

If you are a seller, here's an example - (look at the menu bar) How to market your listing with House Key State Bond Loan Program

Wednesday, July 7, 2010

Should I Buy A Home Or Continue To Rent? A Fresh Look On This Topic

Whether renting is better than buying depends on many factors, particularly how fast prices and rents rise, how long you plan to stay in your home, and most importantly, evaluating the cost of renting vs. buying in “your” particular community.

According to Trulia, the cross-over point is about 15 times annual rent, the company believes. In other words, as a rough rule of thumb, homes are probably fairly valued in a city when they cost about 15 times a year's rent.

So, for example, if you're paying $10,000 a year to rent a place, think twice about buying a home that costs more than $150,000. Dean Baker, economist at the Washington, D.C. Think-tank The Center for Economic and Policy Research, came to a similar conclusion in research on the subject in recent years. “Fifteen times is the historic average”, he said.

CLICK HERE To Download A Full Size Copy of the Rent v Own Flyer

Looking at the numbers above, the total mortgage pmnt on a $200,000 FHA purchase is $1,337/mo (that includes principle, interest, PMI, taxes, and insurance. Compared to $1,100/mo rent, it’s more expensive, but don’t forget to look at the tax breaks from owning (interest and property tax write-offs). The bottom line, at $200,000, it makes sense to buy. A savings of over $119,000 over 12 years versus renting! Plus, rent will go up with inflation, your 30-yr fixed mortgage is fixed and more money over time goes straight to paying down your mortgage. Contact me for more information or to request a personalized mortgage planning analysis.

Dan Keller, Mortgage Advisor

(425) 350-7136

Monday, July 5, 2010

Problem & Solution Series: FHA Property Qualifying Guidelines Checklist

The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States and its territories. It is the largest insurer of residential mortgages in the world, insuring tens of millions of properties since 1934 when it was created.

I know for a fact that I have personally seen the increase in FHA/HUD loans over the past few years; and today, over 75% of loans being written are FHA loans. One of the factors leading to the increased popularity of FHA financing is the low down payment option and low credit score requirements. But as we know, with these types of numbers, comes guidelines; and such guidelines can pose huge problems for buyers, sellers, and realtors while trying to close a transaction.

Having learned the hard way, I decided it was time to document the more popular items that we've encountered during transactions so that you will not have to learn the hard was as we have. CLICK HERE to print your own copy of FHA Property Qualifying Checklist. Feel free to contact me directly if you may have any questions - (425) 350-7136 or email me at

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