It’s always fun when I have the opportunity to chat with friends in the business and check in on what’s happening in the market, and home loan options. Today I caught up with Andy Allred, Branch Manager of Finance Of America Mortgage in Kirkland. Andy prides himself in offering clients expert advice in home mortgage’s that takes into account their long term financial goals.
With 20 years of experience in the financial planning and mortgage industry, Andy teamed up with national lender Finance Of America. They offer a variety of lending products designed to meet your needs in all stages of your financial life. From a home loan to a reverse mortgage, they have you covered.
Growing up on the Eastside and raising his family in Kirkland he is a 425 market expert. Known in the local community as “The Mortgage Coach”, Andy’s role is to coach his clients to make smart decisions and ensure that they have leveraged themselves in the best, most conservative way for long term, financial success.
Whether you looking for a turn-key home, or a fixer upper the home you choose is what dictates the right loan for you. Andy and his team, are a full-service residential mortgage company, with local underwriters, and local knowledge of the market. They believe their customer’s are “First, Last and Always”, and take on less loans so they can provide a top level personal, one-on-one loan experience.
If you find yourself in a position to make an offer on a home you know getting pre-approved is key. Right now in today’s market:
- Buyers are winning more contracts, which is encouraging.
- There’s a good balance between buyers and sellers, meaning buyers are encouraged to look because they feel confident they will find something that they like.
- Interest rates have come down which means affordability goes up.
- There are more mortgage programs available that allow lower down payments. Sometimes as low as 3% to jumbo loans with less restrictions