Joe LaVallie's (joelava) Blog

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Mortgage and Lending - HomeStreet Bank
RECENT BLOG POSTS
How does house payments in Seattle and buying a house coordinate? What we are really asking is "how expensive of a house can I buy?" Lenders use two types of ratios to determine your maximum purchase price. There is the front end ratio and the back end ratio. The front end ratio is the percentage...
09/14/2012
What you need to know about Financing and Refinancing in Seattle. Financing is the process of borrowing money to pay for a house. Refinancing is when you replace your existing financing with new financing. In most instances, refinancing a loan is subject to the same guidelines as the initial loan...
09/13/2012
Short Sale: What buyers need to know in Seattle is an over view of the short sale process. The most important factor in the short sale process is your need to close on a house. If you need to close quickly or on a specific date a short sale may not be for you. Your actual mileage may vary. When c...
09/12/2012
A question that a lot of buyers have is: Why is title insurance important in Seattle. People buying a house often ask this question and people buying a new house frequently think that the house is new so I don't need it. The house is new but the land is not. The land probably had a lot of previou...
09/11/2012
What is title insurance in Seattle? Do I really need it. Yes you do and if you need a loan you will be required to purchase it. Title insurance covers the insured against any loss as a result of the title not being insured as stated in the policy. In English, that means that if you have a covered...
09/10/2012
Today's post is about when life doesn't work out as expected in owing a house. There are three types of deeds that can be used when a foreclosure is a possibility. The one type  is a deed in lieu in Seattle. This type of deed is used by the owner to a lender that conveys the property back to the ...
09/07/2012
When would you use a Bargain and Sale Deed in Seattle? There are two types of this form; a statutory and non statutory. The non statutory form do not contain warranties unless identified. The statutory form convey a fee simple title to real property and contains warranties. The warranties include...
09/06/2012
When would you use a Quit Claim Deed in Seattle? Quit claim deeds are used to convey all rights and interest the grantor has in real property to the grantee. It is important to note that there is no warranty of title with this form. It also does not convey any interest the grantor may acquire in ...
09/05/2012
Are you buying or selling a house in Seattle? If so, you will probably see a Statutory Warranty Deed in Seattle. This is a type of deed with a warranty that conveys title to real property and warranties that the seller is the owner of the title and has the authority to convey the property. The pr...
09/04/2012
Today I would like to review some August Real Estate news in Seattle. There are going to be some comments on the National market also but as they say, all Real Estate is local. If you have any questions about financing please feel free to contact me here. The big question is "Have home values hit...
08/31/2012
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Joe LaVallie

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