Pete Blankers Retirement Party

A pillar in the real estate community is retiring after 40+ years. The Blanker’s family and Muljat Group North will be hosting a Retirement Open House for, Pete Blankers, Realtor®, on October 30 at The Mt. Baker Rotary Building – 1775 Front Street, Lynden, from 4pm-6pm. No RSVP is necessary! This invitation is open to everyone that has known Pete and his wife, Gigi. It will be a special time down memory lane. We look forward to celebrating Pete’s Retirement with you!

LYNDEN MUSIC FESTIVAL OCTOBER 8-12, 2014



Downtown Lynden will be filled with the sound of music! See the Schedule of Events for various concert locations and times.
We are excited to have the band, Two Buck Chuck, perform in front of our office this coming Friday, October 10 at 2:00 pm.
To find our more information on this event, please visit:
www.LyndenMusicFestival.com
Please feel free to drop by our office and say hello!

TWILIGHT OPEN HOUSE


Come preview your future home in a different light . . .
Twilight Open House | September 25 | 5:30-7:30 pm
Refreshments served at each location
Visit as many homes as you can to increase your chances of winning a $50 gift card to Steak9House restaurant
For more info on this event, please call us at 360.354.4242

7 Warning Signs of a Bad Loan


Some valuable information when shopping for a loan…
When shopping for a loan, look for some of these bad warning signs – and be prepared to run – not walk – away from the table, from any lender who does the following dubious actions.

1. It’s Okay to Fudge Some Numbers
If your lender is trying to get you to lie about your income in order to bet a bigger loan, stop dealing with that lender immediately.
There is no such thing as a little lie when borrowing money: it’s mortgage fraud, and it could get you slapped with steep penalities or even jailed.
2. Pressures You Into A Bigger Loan
Beware of any lender who pressures you into borrowing more money than you need. You will likely pay more in interest on the extra cash that you’d earn in interest by stashing it away into a savings account.
3. Doesn’t Consider Your Monthly Income
Figure out whether you have enough coming in to cover all your monthly bills, a new mortgage and a savings account for emergencies. Know that number and stick to it – if a lender starts pressuring you into a bad loan with monthly payments you know you can’t afford, get out. If your outflow is more than your inflow, you will find yourself in trouble rather quickly.
4. Doesn’t Disclose Documents
Beware of any lender who fails to provide you with the required loan disclosures or tells you don’t need to read them.
By law, lenders have to tell you the annual percentage rate (APR) plus provide a good faith estate (GFE) – an itemized list of estimated closing costs within 3 days after you apply. The APR includes not just the interest rate, but also points, broker fees and certain other credit charges. The GFE covers these charges as well as everything else you’ll be asked to pay at settlement.
You should use these documents to loan shop.
5. Promises One Thing, Delivers Another
If you are presented one set of terms when you apply for the loan and a different set at closing, you should demand an explanation. If could be a bait-and-switch scam, where the lender is trying to pressure you into signing these new documents with worse rates or unfavorable terms. Be prepared to walk away and take your business elsewhere.
6. Says it’s okay to Leave or Sign Blank Forms
If you leave blanks, a scamming lender could fill in extra terms and conditions that could alter your loan – and not for the better.
Worst-case scenarios could have lenders who write in clauses surrendering the title of your home.
Don’t let anyone fill in the blanks later. If there is a blank, cross it out and initial your mark.
7. Doesn’t Provide Copies
Lenders may not give you the actual filled-in papers in advance, but they should give you blank documents so you can take them home to review or show them to a trusted advisor. If the lender won’t give you copies of what you’ve signed at closing, cancel the deal right then and there. These papers contain important information about your rights and obligations, and you need them.
source by: Lew Sichelman

CHOOSING THE RIGHT MORTGAGE COMPANY


While most lenders stand behind what they advertise or promise, you should still do your homework before committing to financing.
Get Mortgage Company Referrals
Ask a Muljat North RealtorĀ® for a list of preferred lenders. Friends, family and coworkers who own their homes can also be a great source of information. Applying for a pre-approval can help save time and make it easier to get the best rate, but before your decide on a lender, ask for referrals.
Small Versus Large Lenders
Choosing between a small local lender or a larger national lender is mostly a matter of preference, but knowing which you’d prefer can help you find the right deal for your situation. If you like personal service, and enjoy the face-to-face contact, it may make sense to choose a small mortgage lender in your local area.
Mortgage Company Reputation
Generally, a good lender will have a solid reputation with accreditation and reviews to back it up. To figure out where your lender stands, start by doing this research yourself. Check with the Better Business Bureau for ratings, reviews and complaints against the mortgage company. Look for a posted mission statement or customer service rewards on the lender’s website. Verify the lender’s standing with the local Chamber of Commerce
Mortgage Company Customer Service
Finding a lender with great customer service can make things easier, especially if you have questions about the application time or terms – or find yourself needing help with mortgage down the line. Buying a home is a big financial commitment so you should expect to be treated well by your mortgage company.
Good Faith Estimate
Once you’ve narrowed down your choice to three or four lenders, ask for a good faith estimate: a detailed list of costs provided by a bank or mortgage lender to a borrower, required by law. The costs listed include the following:
Settlement or closing costs
Title insurance
Taxes
Attorney fees
Interest rates
Partial month interest
Credit check costs
Hazard and property insurance rates
While these are only estimate and may vary slightly from your actual costs, you can use your good faith estimate as a tool to help you choose the most reasonable lender.
Source – Susan Wellish, realtor.com

UPCOMING HOMEBUYER EDUCATION CLASS

Attend our FREE Homebuyer Education Seminar October 4th and receive your certificate from Washington State Housing Finance Commission allowing you access to several special loan products being offered. This seminar is a 5 hour course that will cover everything involved in the home buying process from start to finish. Call the Muljat Group North with any questions 360.354.4242

NORTHWEST WASHINGTON FAIR


pictured above, RealtorĀ® Tony Bladies, Muljat Group North real estate office
Come visit our RealtorsĀ® at the Northwest Washington Fair!
Fair Dates ~ August 11 – 16
Gates Open ~ 9 a.m. Gates Close ~ 10:00 p.m.
Place ~ 1775 Front Street, Lynden Washington
Six fun-filled days! Bring your family and enjoy the carnival rides, great fair foods, awesome grandstand entertainers, demolition derby, rodeo, animal exhibits….whether this is your first time or your 50th, there is always something new to see or do!

JULY 4 ~ OFFICE HOURS

Have a Safe & Fun Independence Day! To contact a Muljat Group North Realtor:
Muljat Group North Realtors

SANDY POINT ~ SALT WATER VIEW BUILDING LOT!

Spectacular Saltwater View from this 0.910 Acre lot! Shared Access to no-bank waterfront. Imagine your dream home situated on this hard-to-find water view lot in an area of nice homes.
$195,000 | MLS# 658304
4841 Beach Way, Ferndale Washington

Relay For Life ~ North Whatcom

Friday June 20th – Saturday June 21st | 6:00 pm
NW Washington Fair and Event Center
1775 Front Street, Lynden Washington

Participate in the fight against cancer. The Relay For Life event is this weekend and is an inspiring opportunity to honor cancer survivors and raise money to help end cancer. Come on down to the Lynden Fairgrounds this Friday @ 6:00 pm and participate in the walk against cancer.