SECTION F SUNDAY, FEBRUARY 14, 2016
Classifieds
HOMES JOBS LEGALS MISCELLANEOUS PUZZLES AUTOS & MORE spokesmanclassifieds.com
www.spokesmanhomes.com
Valley Springs Spokane’s Newest Exclusive Gated Community Bordering 950 Acres of Recreation Area! Celebrating 35 Years of Building Homes & Neighborhoods We Are Proud Of!
340 W. Wilson Avenue Wildlife & River Views • Fantastic Gated Community! • Many lots w/ open green space and great views! • Borders 950 acre Beacon Hill Recreation Area, w/abundance of hiking and biking trails! • Close proximity to Centennial Trail and 35 minutes to Mt. Spokane
The “Huntington” model at 5409 N. Radium Lane
Open Today from 12 p.m. to 3 p.m.
• “Huntington” at 5409 N. Radium Lane - a very popular Paras one-level design. Home has beautiful finishes for the recent Fall Festival of Homes. Includes complete yard landscaping! - $359,900 - New Price! • “Fircrest” at 5402 N. Radium Lane - finished daylight basement rancher and excellent views. A great price and value! - $339,900 • “Newcastle” at 5510 N. Radium Lane - popular finished walk-out daylight basement rancher w/ 3 car garage. Private lot w/ open green space behind the home. - $389,900 • “Parkside”at 5403 N.Ainsworth Lane - great one-level home oriented to capture valley views. Includes private lot, covered rear patio, 3 car garage, and excellent finishes - $327,900!
6 BR, 4 BA. 5,350 SF. $460,000. Exceptional Arrowhead Traditional features custom detailing & upgrades throughout. Open floor plan. Spacious formal living room with wall of windows. Island kitchen with granite countertops adjoins family room. Luxurious master suite includes garden tub & private deck. Upper level boasts 4 total bedrooms. Finished walkout lower level. Oversized 3 car garage. Nancy Wynia 509.990.2742 nwynia@windermere.com
Many Premiere Lots Still Available! Scott Wright • 509-939-4268 • thewrightrealtor939@gmail.com Visit www.parashomes.com Directions: Drive north on Argonne Road from I-90, past the river and Upriver Drive. Turn left into Northwood on Columbia Drive. Proceed west on Columbia Drive until reaching Valley Springs. Continue and turn right onto Radium Lane.
Ask our broker
TIGHT CREDIT IN REARVIEW MIRROR?
Windermere North Spokane, LLC
4 bedrooms, 4 baths + 3 car attached garage
Marie Pence 509-230-8457 mariepencerealtor@gmail.com
4864 sq ft
Peter G. Miller CTW Features
that lenders must verify the ability of borrowers to repay their loans. The result is less risk in the OPINION marketplace. And lenders can’t ignore the QUESTION: competition. Today, many Mortgage rates are under 4 mortgages come from nonbanks and online mortgage centers. If percent. We would like to you’re a lender you have to refinance before they rise, compete or you won’t get the something we think will happen business. A competitive marketplace encourages low rates in 2016 because of the Federal and more underwriting flexibility. Reserve’s expected hikes. What Lenders do not have to “layer” can we do to get past tight loans with more requirements credit standards? than needed under FHA, VA and conventional loan standards. ANSWER: Despite widespread complaints by the financial services industry ccording to the Office regarding “over-regulation,” the of the Comptroller of new mortgage standards have the Currency, credit resulted in a marketplace with standards are easing. In December, the OCC reported little lender risk. Foreclosure levels are way down while homeowner that its annual survey showed easing of underwriting standards at equity has increased markedly. According to the Federal the largest 95 banks and federal Reserve, real estate equity has savings associations it supervises, grown by $6.5 trillion in the past reflecting trends similar to those five years. This additional equity seen from 2005 through 2007, insulates homeowners and lenders before the financial crisis. This easing to pre-crisis levels is against foreclosure. With more equity, owners who get into not just the by-product of lender trouble can increasingly sell at a whims. There are real reasons price that is high enough to fully behind the softer standards, repay their mortgage debt. according to the OCC. If you’re interested in a new The economic outlook has mortgage, speak with several improved. This is also the reason the Federal Reserve lifted rates in lenders, explain your financial situation and see what they have to December for the first time since the Great Recession and indicated say. If you have a weak spot it may be possible to resolve the problem there’s more ahead. before you actually make an But lenders have seen that application. For example, if there product performance has is a factual error on a credit report, improved, too. We have fewer get it straightened out before foreclosures and delinquencies because of stronger underwriting applying. criteria, such as the requirement
Priced to sell at only
539,900
$
A
14209 N Wandermere Estates Ln
2007 Wandermere Estates Daylight Walkout Rancher with fabulous views over Golf Course on a private cul-de-sac lot. 4 bedrooms, 4 baths + 3 car attached garage. Knotty maple doors, trim & cabinets throughout. Custom kitchen with granite, SS appliances, double ovens, disposal, compactor & charming butler’s pantry! Large main floor master with private door to deck, custom tiled walk-in shower, his and her walkin closets, 2 vanities & garden tub! ALL the extra’s plus BRAND NEW EXTERIOR PAINT! 55+PUD Community.