Seattle Shoreline Master Plan Receives Final Approval

Linda Bagley
Seattle Shoreline Master Plan Receives Final Approval Ecology Director Maia Bellon signed the final approval for the City of Seattle’s Shoreline Master Program on Monday June 1, 2015. The updated SMP will go into effect on June 15, 2015! A process that began nearly 8 years ago is finally coming to completion.  In 2007, the Department of Planning and Development began a process to update the Seattle Shoreline Master Program. … Read More

VantageScores

Linda Bagley
New Credit Scoring Available to Consumers and Lenders This is pretty exciting news for those of us who prefer not to use credit cards and prefer to pay cash for what we buy. You will now have a number and a grade A, B, C, D or F to determine you credit worthiness. While it still remains important to have and use credit VantageScore will evaluate credit worthiness by taking into account … Read More

Your Access to Free Credit Reports

Linda Bagley
The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies: Equifax, Experian, and TransUnion to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s consumer reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to … Read More

Closing Costs When Buying or Refinancing a Home

Linda Bagley
Closing Costs When Buying or Refinancing a Home This is a detailed summary of costs you may have to pay when you buy or refinance your home. They are listed in the order that they should appear on a Good Faith Estimate you obtain from a mortgage lender. There are two broad categories of closing costs. Non-recurring closing costs are items that are paid once and you never pay again. … Read More

The Biweekly Mortgage – Who Needs It?

Linda Bagley
The Biweekly Mortgage – Who Needs It? Have you received an advertisement offering to save you thousands of dollars on your thirty-year mortgage and cut years off your payments? With email “spam” becoming more pervasive as everyone tries to “get rich quick” on the internet, these ads are popping up with troublesome regularity. The ads promote the “Biweekly Mortgage” and for the most part, do not come from a mortgage … Read More

Why Do You Need Title Insurance?

Linda Bagley
Why Do You Need Title Insurance? It’s a term we hear and see frequently — we see reference to it in the Sunday real estate section, in advertisements and in conversations with real estate brokers. If you’ve purchased a home before, you’re probably familiar with the benefits and procedures of title insurance. But if this is your first home, you may wonder, “Why do I need another insurance policy? It’s … Read More

Understanding Title Insurance

Linda Bagley
Understanding Title Insurance What is title insurance? Newspapers refer to it in the weekly real estate sections and you hear about it in conversations with real estate brokers. If you’ve purchased a home you may be familiar with the benefits of title insurance. However, if this is your first home, you may wonder, “Why do I need yet another insurance policy?” While a number of issues can be raised by … Read More