Tom Jarzynka's (tjarzynka) Blog

HARP 2.0 Refinance Checklist for Lenders | Guild Mortgage | Seattle Mortgage Guy Below is a general checklist for mortgage professionals out there when thinking through the new HARP 2.0 program.  Of course, based on the roll out of this program, obviously things can change, but this is a good sta...

How the Mortgage Credit Certification (MCC) Program works for WA State Homebuyers | GUILD MORTGAGE  |  Tom Jarzynka Below is a simple explanation of how the MCC program works… The MCC allows the homebuyer(s) to use 20% of the annual mortgage interest incurred as a tax credit to be applied toward ...

Mortgage Credit Certification (MCC) for Washington State Homebuyers | Guild Mortgage | Seattle Mortgage Guy The Mortgage Credit Certifications (MCCs) are not mortgages... they are tax credits that are received when you file your tax returns at the end of each year. There are a few general guideli...

Expectations for Borrowers when it comes to Jumbo Loans | Purchase or Refinance | Seattle Mortgage Guy  When setting your expectations for obtaining a Jumbo loan (loan amount > conforming high balance limit) you can generally expect to incur the following additional requests by the lender: For lo...

Shopping for a Mortgage | Purchase or Refinance | Seattle Mortgage Guy It is easy for someone who is shopping for a mortgage to lose focus on what their ultimate objective is for their purchase or refinance by inundating themselves with the shopping.  When shopping for the best service, costs/rat...

Chart for FHA Changes | Guild Mortgage The table below shows the new effective annual premium rates by amortization term, base loan amount and LTV, effective with case number assignments on and after April 9, 201.   Term Greater Than 15 Years Base Loan Amount LTV Effective Annual MIP Any Amount <...

Jumbo Loans on Mercer Island | GUILD MORTGAGE Here at Guild we are one of the best sources for your Jumbo loan purchase and refinance financing. Our office is located just up from Mercer Island in Bellevue, WA. Guild provides the following advantages for individual(s) looking for Jumbo financing ...

Guild Advantages - Products and Services in WA   Products and ServicesAs the leading privately-held mortgage banker in the Western United States, Guild Mortgage Company has the right blend of products, services, and experience to lead you through the home-buying process.When selecting the right m...

Rehab Loans Make Lending “Greener” |GUILD MORTGAGE When you think of green businesses, the mortgage business probably isn’t the first to come to mind. It’s more likely that a huge pile of paper comes to mind. These days there is a disclosure, another piece of paper, for every imaginable scenario,...

FHA Increasing Mortgage Insurance Fees | Seattle Mortgage Guy WASHINGTON – As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund, Acting FHA Commissioner Car...