Seattle Mortgage Planner

"Mortgage Planner"
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  • Real Estate Professional
  • Company:
  • Mortgage Master Service Corp.
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  • Phone:
  • (206) 718-9488
Seattle Mortgage Planner, in Seattle
  • 77 Answers
  • 14 Best Answers
  • 17 First Answers
  • 115 Useful Answers
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About Me
Rhonda Porter is a Certified Mortgage Planning Specialist in the Seattle area and is a Licensed Loan Originator (510-LO-32047) for the State of Washington.

Her clients include first time home buyers, families purchasing their vacation homes, investors, people buying move up or move down homes and homeowners who are interested in refinancing their mortgage. As a CMPS, Rhonda views a mortgage as an important part of her clients total financial plan.
Testimonials
"Rhonda, my wife Susan & I can't thank you enough for your help throughout this entire process -- we really appreciate you being able to understand our unique employment & income situation & provide a great home mortgage for us! We'll certainly refer you to everyone we know, & will keep you in mind also for any real estate investments that we might be able to get into down the road. We're headed over to the listing agent's office now to pick up the keys to our beautiful new home! Again, thank you both so much!"
Larry and Susan K Fri Oct 17
"It was a pleasure working with you and Mortgage Master on our refinance. I am glad that I did some web browsing and took the initiative to call. You were attentive from the get-go, and I especially appreciate your contacting us about the opportunity to float down our rate. I will definitely recommend you to friends."
Alex S. Mon Feb 11
"Rhonda, you & the team have been amazing in so many ways I can't even begin to list them all, but suffice it to say I will be forwarding your name & contact info to anyone I encounter who is looking to do something real estate wise. Thank you again."
Brent M. Tue Sep 2
"This was a difficult refinance which seemed hopeless at thimes but Rhonda never gave up. She was always upfront and honest. Excellent communication and service...I received almost immediate response any time I had a question. Thank you!"
Nancy S. Mon Apr 30, 2007
"We had been involved with a band bank we had found on [major internet lender], and when the bank had ignored two closing dates, and the sellers were getting nervous, we had to come up with options. In the background, we had started working with Rhonda, [she] examined our entire file and thought it looked all right. When we decided to fire the other bank, Rhonda absolutely came through for us, pulled together a mortgage and saved our house purchase with a speed that I think surprised everyone involved. Rhonda is a stand-up gal, honest, forthcoming and she really pulled out a miracle for us at the 11th hour. Our big mistake was that was not going with her in the first place."
Per H. Sun Jul 1, 2007
My Q&A View all >>
Seattle Mort…'s Questions (15)
Seattle Mort…'s Answers (77)
Olexa, Home Buyer in Federal Way

Tell me more about trulia haw that works if I wont to buy a house for a good price

Asked Wed Oct 29 2008, 19:18 by Olexa  -  98023  -  Home Buying  -  5 answers
Seattle Mortgage Planner answered:
Olexa,
Di Kawell is right--do make sure that start the preapproval process with a mortgage professional as soon as possible. Trulia's a good starting point however creating a solid strategy for the financing of your home early on will help you in the long run.

I'm linking an article below that I wrote with tips on getting ready to buy your first home. - Thu Oct 30 2008, 08:03
Gail, Home Buyer in Seattle

fha spot approval

Asked Wed Oct 29 2008, 22:17 by Gail  -  98166  -  Financing  -  8 answers
Seattle Mortgage Planner answered:
Your question is excellent and I'll be checking with our on-site FHA underwriters this morning. In the meanwhile, I have a link below for an article I've written about making sure your condo is FHA approved. - Thu Oct 30 2008, 07:58
Diane Kawell, Real Estate Pro in Federal Way

What kind of investor mortgages are out there these days?

Asked Wed Oct 22 2008, 16:00 by Diane Kawell  -  King County  -  Financing  -  1 answer
Seattle Mortgage Planner answered:
Di,
with private mortgage companies no longer insuring non-owner occupied properties, investors should plan on having a minimum of 20% down. Rates are higher than owner occupied and can vary depending on the amount of down payment and the borrowers credit scores.

If the borrower is converting an residence into a rental property, there are new rules as well. Rental income can only be used if: (1) they have at least 30% equity in their existing property. (2) they can provide a fully executed lease agreement and document a security deposit from the tenant. If the borrower does not have 30% equity in their existing home, they will have to qualify with both full payments (no credit for rent) AND they will need 6 months PITI for reserves for both properties (the existing home and the new purchase).

FHA is a great way for home buyers to obtain a 2-4 plex as long as they occupy one of the units. The home buyer will receive owner occupied rates and can put less down (3.5%) than a conventional mortgage. FHA has similar guidelines when converting an existing home to a rental.

The best advice that I can offer for those considerting taking advantage of lower priced homes in this market is to meet with a mortgage professional early on (the sooner the better) to understand your options. - Thu Oct 23 2008, 06:35
Frances Flynn…, Real Estate Pro in Tucson

If you coud ask Warren Buffet TWO real estate questions, what would they be?

Asked Fri Oct 17 2008, 05:41 by Frances Flynn…  -  All locations  -  Agent2Agent  -  7 answers
Seattle Mortgage Planner answered:
Actually Di, LO's who work for depository banks do not have to be licensed in WA. (This is the very reason why I started blogging!). And with the National SAFE ACT (licensing) they only have to "registered", not licensed.

But, back on topic...I would ask Warren Buffet if he thinks now is a good time to buy a home and I would ask him what he would have done different if he were President to have avoided the "mortgage/credit melt-down". - Fri Oct 17 2008, 17:43
Crissy, Home Buyer in San Diego

After obtaining one preapproval, is it better to shop mortgages before or after finding a home?

Asked Fri Oct 17 2008, 10:42 by Crissy  -  San Diego  -  Financing  -  11 answers
Seattle Mortgage Planner answered:
Crissy, it's best to select a mortgage professional well before you shop for a home. If you chose the person who will be helping you with mortgage advice first (instead of just shopping rate) a competitive rate should follow.

In San Diego, I recommend you contact Brian Brady. - Fri Oct 17 2008, 10:53
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What's this?
Specialties
Residental mortgage financing for Washington State properties. Purchase or refinancing owner occupied, investment and second homes. I specialize in conventional, FHA and VA loans including conforming jumbo and conforming FHA.
Experience
Latest:
Mortgage Planner for Mortgage Master Service Corporation
Licensed Loan Originator and CMPS at Mortgage Master Service Corporation. We are a Correspondent Lender working with many lenders. We process, underwrite, prepare loan documents and fund the loan from our King County Office. We are Direct Endorsed HUD lender.
April 2000—present
Previous:
Branch Manager/Sr Acct Manger for Washington Title Company
Managed a title and escrow branch for Washington Title Company. I was one of the four original employees to start Washington Title. Working in escrow has provided me with a great perspective which has followed me to my lending career
December 1995—March 2000
Certifications & Awards
Certified Mortgage Planning Specialist
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