How to finance a home in Seattle w/ Dan Chapman of Fairway Independent Mortgage

Welcome to the Seattle Real Estate Podcast, Episode #12 - Fiancing a home in Seattle with Dan Chapman of Fairway Independent Mortgage. 

Join your host Sean Reynolds of Summit Properties NW and Reynolds & Kline Appraisal as he discusses how to buy a home and get it financed in Seattle (or anywhere) with mortgage industry expert Dan Chapman of Fairway Independent Mortgage. 

Here's what is talked about: 

1. Is 2020 a good year to buy a home in Seattle or anywhere?” 

2.  What happens to mortgage rates in an election year?  Are low mortgage rates here to stay?

3. How to get a mortgage in Seattle - walk through the  super basic steps

4. For all of our millennials out there and first-time homebuyers:  How does someone afford a home in Seattle?  The median price of a home in Seattle is almost $700,000 ($695,000) what kind of down payment, income & credit does it take for someone to afford that?

5. Should you pay off your mortgage early in Seattle?  Or maybe do a cash-out refi to buy another home?

6.  If you are a buyer or their agent “What do you do in a bidding war in Seattle?” 

7. With all of this low inventory, bidding wars, multiple offers:  Are mortgages hard to get in Seattle?

8.  What is the #1 question to ask your mortgage lender or broker right now? 

9. Here’s a question that comes up all the time and maybe explain the term to us:  Why would I buy down my interest rate?

10.  How do I choose a mortgage banker? Do I go online? Ask a friend???

11. How does a mortgage broker get paid? People always want to know this and it seems a little complex…..
You can find Dan on Facebook Dan Chapman Loans

Also mentioned on this episode:

Dan's Website: www.danchapmanloans.com
Dan's LinkedIn: https://www.linkedin.com/in/danchapman7/
Dan's YouTube Channel: https://www.youtube.com/channel/UCNQjmjADzLGZF9KtqoTUG4Q

Dan Chapman
Mortgage Advisor
NMLS# 70767
CA# CA-DOC70767
CO# 100037646
WA# MLO-70767

Direct425.503.3209
[email protected]

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