Tag Archives: credit

Real Estate Glossary: Balloon Payment

Posted on November 26, 2007 by

1. A large, lump-sum payment on a loan, most often due at the end of a payback period, such as five or ten years. Essentially, these loans do not fully amortize over the term of the note. If the monthly … Continue reading →

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High Credit Score = Low Mortgage Rate

Posted on November 15, 2007 by

Credit scoring was developed in the 1960s as a means to determine whether or not consumers were likely to repay their loans. The score ranges from 350 to 850 with a higher score being extremely favorable. Essentially, a high credit … Continue reading →

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Attorney General settles with Kirkland-based real estate lead company

Posted on November 7, 2007 by

Attorney General Rob McKenna today announced a settlement with a Kirkland-based company that sells leads to real estate agents on a subscription basis. HouseValues, Inc., is accused of misrepresenting the quality of information provided and misrepresenting subscribers’ cancellation rights. The … Continue reading →

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Fannie and Freddie to the rescue

Posted on October 24, 2007 by

Mortgage giants Fannie Mae and Freddie Mac have new programs to help troubled subprime borrowers avoid foreclosure. Fannie Mae’s new program is called “HomeStay”. The program will offer troubled borrowers a range of workout solutions, looser credit requirements and ways … Continue reading →

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Current State of Mortgage Financing…What’s Going On?

Posted on September 21, 2007 by

Anyone watching or reading the financial news over the last few weeks has seen a lot of angst and consternation over the state of the mortgage industry. In fact, one of the larger lenders in the US, American Home Mortgage, … Continue reading →

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Sylvan Learning Center wins accreditation

Posted on February 26, 2007 by

Sylvan Learning Center in Kennewick has earned its regional accreditation from the Northwest Association of Accreditated Schools. The accreditation certifies that Sylvan Learning Center has met the standards of the association.  By being accredited the center is assured that other … Continue reading →

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Tourney nets $ 75,000 for cancer center

Posted on November 21, 2006 by Christa

 Did you read this!   The Tri-cities Cancer Center’s 16th Annual Billie Jane Lampson Memorial Golf Classic held Sept.18 earned more than $75,000. The event was sponsored by Hapo Community Credit Union and included 45 teams sponsored by local businesses. … Continue reading →

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Home financing options are available for those with bad credit or facing foreclosure.

Posted on September 4, 2006 by Christa

Home financing options are available for those with bad credit or facing foreclosure. As home prices and interest rates rise, so des real estate fraud.              People whose homes are in foreclosure or those with bad credit but seeking a … Continue reading →

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