Bellingham WA Home Loan Rates and Tips

The expected jump in real estate loan rates has not materialized – they just keep creeping up and back, which is good news.  This week FHA & VA rates dropped just a tad…every little bit helps!

A financing tip from Sidney: 

Mortgage Fraud.  It’s a phrase that has been used a lot over the past months, and it is a very big deal (think full and immediate payment of the loan, six-figure fines & jail time), but it may actually consist of very small actions.  A little hedge here, a little puff there, a little something that the loan officer “doesn’t want to see”… they are all loan fraud, and if your loan officer or real estate agent suggests they are “okay”, don’t believe them.  The bottom line is that the lender needs to know everything about your financial situation and the details of the transaction, and it is your responsibility as the borrower to make sure they do.

Home loan rates as of Wednesday, May 5 are in the following table.  For more details, or a custom quote, contact SidneyStonecypher at People’s Bank, 360-676-4597 or sidney.stonecypher@peoplesbank-wa.com.  Remember that many variables come into play in determining the rate a lender will give a borrower.  If you are getting a rate quote from a lender who does not have all your information, that rate may not be real.  What with the low rates, it is still a great time to buy a house!

If you have other questions about financing, don’t hesitate to contact us and we will get you the answer.  If you are wondering, other people probably are as well.  For general financing and market information, check out our website.

For more information on Bellingham Real Estate or to search for homes in the Bellingham and Whatcom County area visit www.JohnsonTeamRealEstate.com, your one stop Bellingham real estate and community information resource!