Category Archives: Mortgages


Apr

16

2013

Lake Tapps New Construction Loan

VERISTONE CAPITAL DEALSHEET LOAN AMOUNT: $266,000 FINAL SALES PRICE: $415,000 LOAN DATE: June 2012 to April 2013 LOCATION: Lake Tapps, Residential- King County TYPE: New Construction Financing, 6 month term with 3 month extension DETAILS: Veristone Capital partners with experienced builders to finance ground up construction on a case-by-case basis.  The subject property is situated on 1.23 acres in the Lake Tapps area.  This newly…

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Jul

26

2012

Mortgage Rates Hit New Record Low – 3.49%

From the WSJ: Mortgage rates have struck yet another record low. Does this sound familiar? For the week ended Thursday, the traditional, or conforming, 30-year fixed-rate mortgage averaged 3.49%, compared with 3.53% both during the previous week and a year earlier, according to mortgage-finance company Freddie Mac. How low is this? On an annual basis, the average rate for 30-year loans was 16.63% way back…

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Jul

16

2012

Mortgage Rates Hit Record Low

More good news for home buyers and real estate investors, from the WSJ: Mortgage rates keep falling. The rate on a 30-year fixed mortgage has dropped to 3.56%, a record low — down from 3.62% on July 5. The average 30-year rate has remained below 4% for 16 weeks. Fueling the drop: a fall in U.S. bond yields as investors worry about the economy and…

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