You may or may not have heard about the HARP 2.0 program.  It's also known as RefiPlus.  This loan helps people refinance their homes who are underwater (the value of the property is less than the amount owed).  We can help y... Read More

Posted on Jeff McGinnis Blog on May 10th, 2012

Question #5 “If I want to go buy another home in neighborhoods surrounding Seattle or Bellevue, WA – am I going to be out of luck while I am still listed on the old mortgage?”   Although it is difficult and not usually advised ... Read More

Posted on Jeff McGinnis Blog on May 3rd, 2012

If you or your buyer are trying to purchase a non warrantable condo in Seattle, Bellevue, or surrounding areas, you may have found it difficult to do so with an FHA, VA, Fannie Mae, or conventional mortgage. However, we may have a solution for you a... Read More

Posted on Jeff McGinnis Blog on April 20th, 2012

Private Mortgage Lender Reaches Milestone 80th Anniversary Wallick & Volk shares an American Success Story http://i.marketwatch.com/MW5/content/story/images/PR-Logo-Newswire.gif Belleveu,WA PRNewswire via COMTEX/ -- Wallick & Volk, one of Ame... Read More

Posted on Jeff McGinnis Blog on April 12th, 2012

We are excited to announce that Wallick & Volk has been recognized as a Top 100 Mortgage Company. The Mortgage Executive Magazine compiled the results.  Click here for the full article! Read More

Posted on Jeff McGinnis Blog on April 10th, 2012

This week's Inside Lending Newsletter is available for viewing! Click here Inside Lending is a publication that will help keep you informed of economic news and data that affects interest rates, real estate, and general lending trends. Whether you ... Read More

Posted on Jeff McGinnis Blog on April 4th, 2012

The Foreign NationalProgram - financing that  makes buying a U.S.  home easier for non-U.S. citizens Are you a citizen of another country who wants to purchase a home in the United States? Talk to us. We have a mortgage just for you that ma... Read More

Posted on Jeff McGinnis Blog on April 3rd, 2012

4.       “How might this scenario impact my credit –and what can I do?” Unfortunately for many, divorce is a time of great financial hardship and credit challenges. Because you are obligated on the mor... Read More

Posted on Jeff McGinnis Blog on April 3rd, 2012

I thought I would make a little game out of this.  Check out the following link:  http://mcedge.tv/16ccbq and let me know whether you think this client should continue renting or own this property!  First one to answer using the blog g... Read More

Posted on Jeff McGinnis Blog on March 27th, 2012

"What if I am the one leaving the home?” It is important to know that even though the divorce decree awarded the home to your spouse, you are still obligated for this debt in the eyes of the mortgage company. Many people assume that by filing... Read More

Posted on Jeff McGinnis Blog on March 9th, 2012

Yes it’s the seemingly bi-polar antics of FHA and the Federal Government.  They are reducing the mortgage insurance rates for refinances.   Click on this article from Bloomberg for the details. The general information is if your ... Read More

Posted on Jeff McGinnis Blog on March 8th, 2012

FHA will be increasing their mortgage insurance premiums once again, slated for new case number requests on April 1st. A couple years ago, a buyer on a $350,000 home would pay ~$177/month in equivalent mortgage insurance. The new FHA mortgage insuran... Read More

Posted on Jeff McGinnis Blog on March 6th, 2012

Click here fpr a history of mortgage rates since 1981.  This is a chart for Freddie Mac rates, but the trends can easily be applied towards FHA, Fannie Mae, VA, Jumbo, or conventional mortgage financing rates.  I've also included a video to... Read More

Posted on Jeff McGinnis Blog on March 6th, 2012

Click here fpr a history of mortgage rates since 1981.  This is a chart for Freddie Mac rates, but the trends can easily be applied towards FHA, Fannie Mae, VA, Jumbo, or conventional mortgage financing rates.  I've also included a video to... Read More

Posted on Jeff McGinnis Blog on March 6th, 2012

FHA Takes Additional Steps to Bolster Capital Reserves While Minimizing Cost to Borrowers Written by: Carol Galante Today, FHA announced a new premium structure for FHA-insured single family mortgages: as of this spring, the annual mortgage insurance... Read More

Posted on Jeff McGinnis Blog on February 28th, 2012

For borrowers that already have four properties financed, it has been difficult to find reasonable financing.  Not anymore.  Wallick & Volk now has a program for borrowers that have between 5 and 10 properties financed.  Below are ... Read More

Posted on Jeff McGinnis Blog on February 24th, 2012

Great news!  There is a jumbo loan available for higher priced homes.  Here are a few highlights to reference: Max Purchase Price Down Payment $833,333 10% $1,000,000 15%  Minimum credit score: 740  Six months “reserve” ... Read More

Posted on Jeff McGinnis Blog on February 17th, 2012

You’ve probably heard of the HARP program.  If not, it is a conventional mortgage loan program that helps home owners that are underwater on their homes refinance their properties without the need for mortgage insurance.  The common n... Read More

Posted on Jeff McGinnis Blog on February 3rd, 2012

     “My spouse is entitled to share in the equity we have in our home…how is this handled?” The equity in the home needs to be determined by an appraiser – call us if you need a recommendation and referra... Read More

Posted on Jeff McGinnis Blog on February 2nd, 2012

As a result of the Temporary Payroll Tax Cut Continuation Act of 2011, the Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to increase loan guarantee fees. In turn Fannie & Freddie have given short notice and they have begun to... Read More

Posted on Jeff McGinnis Blog on January 23rd, 2012

When I started in mortgage banking in 1997 I discovered quickly that there were six things that covered 90% of what went into every mortgage file.  It didn’t matter whether the client’s goal was to get pre-approved for an FHA mortgage as a first... Read More

Posted on Jeff McGinnis Blog on January 19th, 2012

Hope you closed out 2011 with success, happiness, and joy! My team and I are ready to close your purchases quickly, smoothly, with as little stress as possible.  There are a few tools that I’ve posted for you on the website:  http://w... Read More

Posted on Jeff McGinnis Blog on January 3rd, 2012

I talk about how interest rates work with clients, friends, and in lunch and learn classes on a daily basis.   Whether you’re goal is to get pre-approved for an FHA mortgage as a first time home buyer, a conventional mortgage for a re... Read More

Posted on Jeff McGinnis Blog on December 27th, 2011

Whether you’re goal is to get pre-approved for an FHA mortgage as a first time home buyer, a conventional mortgage for a refinance, or a Jumbo mortgage for that perfect home, credit is extremely important.  This video will give some insight into o... Read More

Posted on Jeff McGinnis Blog on December 22nd, 2011

The mortgage approval process when going through a divorce can be confusing and tricky.  I’ve been a mortgage expert in divorce situations (using, FHA, Conventional, VA, and Jumbo loan programs) in the Bellevue, Seattle, and surrounding ar... Read More

Posted on Jeff McGinnis Blog on December 12th, 2011