Dave Skow's Discussions

working  with a firm like  Countrywide  ( or any large Bank type lender ) may limit you to that firms  programs and pricing  .....whereas  if you work with a  firm that can act both as a " broker " and "banker " you should have  more flexibility  at finding the loan program you want/ need and a great  price  too .  thanks Dave SkowSeattle Mortgage

If there is a possibility that the property  will turn into a long term " hold " as  a rental in the future ...it is a wise move to  get into 30 yr fixed rate loan now , in my opinion . thanksDave Skow

we can help .....happy tp provide  quote  and good faith estimate if neededthanks

checking  large lenders ( such as Chase )  websites  is not  going to give you very accurate/ efficient  feedback   for several reasons .....many  loans have  elements  that make  "website " pricing  useless .....many websites dont have  updated pricing  appear very quickly ....many individual loan officers might vary from website .. my recomendation-  find several loan officers / mortgage professionals  that provide good fast efficient  feedback aand then ask these mortgage people for  full good faith estimates for your scenario  on the same day....then make a decsion who you would like to work with. thanks 

4.16.08  Brokers add flexibility and  additional loan programs and lenders to your search ...this is  extremely  importnat these days  ( when lenders , banks and programs are here one day and gone the next) ...Brokers  have more than one source of  funds ......best thing to do is to get  few  real good faith  estiamtes from several brokers and several banks  for the same set of #s on the same day and then analyze these details ..thanks

4/23 officially the new conforming  limit in  king , snoh , and pierce  have increased  to $567,500.....but  this is somewhat misleading .........this "increase" was really more like a new pricing tier  being created / invented : tier 1- true conforming  rates ...these are still for loan amounts < $417Ktier 2  ( the new tier ) ...for loan amounts between $417K and $567,500 ( these rates are  approx .75%- 1%  over the true  conforming ratestier 3- jumbo rates ....slightly higher than tier 2 rates so if you are looking for a loan in the tier 2 range ( $417K- $567,500) range , you still are likely best served to try to use a "2 loan approach"  to fund the loan versus  taking a single higher rate .

Nickelnm As Gregorio says ....."find me that lender" that  has the same rate for a 567,500 loan amt  as for a 417K  loan......there is no such thing .  Dave

The other  reason that the listing still may shown as " active" is  an effort to market the property for any sort of  secondary offer  ( not nessecarily a higher offer)  just in case the present offer collapses I would  think that this active listing  would be removed once all the contingencies ( inspection , financing )  were removed by this buyer . hope this helps thanks

a " AVM " may have been generated  adn used by the lender ......or the  " prperty Inspection  waiver " ( PIW )  as mentioned earlier ...regardless of which technique  was used , I would  hope / expect that  you would  not be charged the  full  $350 originally  quoted for a full appraisal . fyi- you didnt  mention if you buying this property  under a " retnal  property " premise ...if you are , most full   retnal property appraisals in our region ar e $500- $650.....so $350 would be a low figure thanks and I hope this helps

GP2GP that makes  sense then  as " primary residence " appraisal costs are lower than  invenstement property  appraisals ...hope you  get that fee lowered !..let me know the final resolution ! and good luck !