Hyak Financial

Just a quick note to let everyone know that I recently switched to Hometown Lending, creating a branch in Bellingham, Washington to do my residential lending.  Hometown Lending is a division of TMBG, Inc. and has an excellent reputation as a mortgage bank as well as a mortgage brokerage. I now ha...

I’ve started posting more daily mortgage information to Twitter as it is easier than posting to my blog. Feel free to follow me at http://twitter.com/allpick.

I was proud to hear that Cedar River Mortgage earned an A+ rating from the Better Business Bureau.  This is the company that I write my residential mortgages through and sister company to Cedar River Capital, our commercial mortgage company.  For details, go here: http://app.akorww.bbb.org/rating...

I've done quite a few Jumbo Residential Mortgages this year, and have been pretty limited on the programs that have been available.  Even with the increase in Jumbo limits from $417,000 to $567,500 (in Washington State), lenders have been very reluctant to improve pricing on anything over the old...

Whenever the fed lowers rates (as they did today), I get alot question asking when mortgage rates go down.  Unfortunately, that is not always the case, maybe not even usually be the case. I don't usually read CNN for my financial news, but I stumbled upon this article.  It does a very good job of...

I've been doing alot of Jumbo Mortgage Loans lately, which is interesting, because the mortgage industry is expecting some big changes to Jumbo's this month. Currently, a Jumbo Mortgage in Washington State is simply any mortgage that is greater than $417,000.  It is expected that this limit, set ...

It has been an interesting 2008 as far as mortgage rates are concerned.  Many of my clients keep asking if rates have gone down due to the recent rate cuts, but unfortunatley, mortgage rates seem to be creeping up.  I found an interesting article the provides some good information as to why mortg...

There has been so much information and so many notifications telling loan originators what needed to be done, I find it hard to believe that anyone could not understand the process.http://seattlepi.nwsource.com/business/346005_mortgage04.htmlI expect to see more articles surrounding this subject,...

Well, I hope 2008 is a great year for everyone.  The mortgage business had a difficult 2007 with the subprime mess and the reactionary legislation that followed.  The good news is that mortage rates to start the new year are the best we've seen in several months (for well qualified applicants).  ...

Here is an interesting article regarding the licensing status of loan originators in Washington State:Seattle Times Mortgage Licensing ArticleBe sure your mortgage broker / loan originator has a valid license.  You can check at the Washington State DFI site:http://www.dfi.wa.gov/cs/list.htmIt wil...