Michael Mullin's Mortgage Musings

Mortgage and Lending - Advantage Mortgage Inc NMLS 1770599 , Originating loans in CA, OR and WA. - NMLS 11911
This blog is about the WA and CA real estate and mortgage markets.
Top 3 biggest mistakes when selling your home   Want to know what 1000 real estate agents from around the country identified as the biggest mistakes sellers make?  And by "mistakes" they mean not selling your home for the highest price and in the least amount of time. Costly mistakes!       Data ...
  HARP II ELIGIBILITY WORKSHEET *** UPDATED 9/7/12 ***  The video and info below is good information, but for a much more comprehensive view of HARP and DU Refi Plus go to my HARP dedicated website at Seattle Harp Refinance. And don't be put off by the city name.  I'm licensed in all of WA and CA...
Besides being a great family movie for the holidays, “It’s a Wonderful Life” appeals to me in a loan geek sort of way. Central to the story is the near failure of George Bailey’s building and loan business. I began my lending career in 1989 at Sacramento Savings Bank, and while the business of le...
I’ve written about the USDA home loan program in the past but its ease of use, great rates, and fairly liberal qualifying criteria make this a loan program that many home buyers should consider using – if you don’t have 20% to put down. Besides the VA loan program this is the only 100% loan progr...
The lending industry has suffered dozens of small and large regulatory changes over the last twelve months. The new rules were intended to save consumers money by creating a more transparent process or by closely mandating the way lenders handle certain parts of the process. Of course these chang...
This post was inspired by a discussion amongst real estate agents on a web forum I read recently. Contributions came from agents all over the country. These agents represent both national franchises (Keller Williams, Century 21, Coldwell Banker, etc.) and independent firms. The discussion was abo...
One of the most popular first time home buyer programs is the HUD FHA loan. The best part is you don't have to be a first time home buyer - anyone that qualifies can use this program. The only limitation is that the base loan amount can’t exceed $271,050 (at least in the Spokane area – higher lim...
If you, or anyone you know, have not owned a principal residence in the last 36 months your opportunity to get a free $8,000 gift from Uncle Sam is quickly disappearing. To qualify for the tax credit you must close escrow on a home on or before Monday, November 30, 2009. That gives you about 60 d...
I'm getting more and more calls from clients and friends who think that the new lending guidelines require at least a 20% down payment. While having that much cash to put down would certainly lower your payment, there are plenty of low down payment options available right now. One very little kno...
During the last three weeks I’ve discussed how your property location, credit score, your specific loan scenario, timing, and games sales people play can significantly impact the rate you pay for your loan. If you’ve missed any of the last three parts you can view them at PART I, PART II, and PAR...

Michael Mullin

NMLS 11911 - Loan Originator, FHA, VA, USDA, Conv
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Spokane Real Estate - Trulia