Tag Archive

Why YOU Are Paying MORE For Your Mortgage Right NOW!

Published on January 12, 2012 By Michael

You Are Paying More For Your Mortgage Starting Now… Watch the video below from Brian and Frank. Feel free to share your thoughts in the comments below. Would love to know your opinion. Thanks!

The Calm… Not The Storm

Published on December 19, 2011 By Michael

“The fishermen know that the sea is dangerous and the storm terrible, but they have never found those dangers sufficient reason for remaining ashore.” Vincent van Gogh, Dutch painter (March 30, 1853 – July 29, 1890) http://www.vangoghgallery.com/ Artists take risks. They pursue their vision, often without financial security, facing long odds while stewing in their [...]

Why Buy High And Sell Low? Avoid Rent Increases

Published on December 15, 2011 By Michael

I think you’d probably agree that the worst investing advice in the world is: Buy high, sell low. That’s the very definition of losing money on an investment, right? So let me ask you: Why would you wait for the housing market to improve before buying a house? I understand there’s a lot of uncertainty [...]

Limits On Seller Contributions or Interested-Party Contributions

Published on October 5, 2011 By Michael

Interested-party contributions (IPCs also know as seller contributions) are costs that normally are the responsibility of the property purchaser that are paid (directly or indirectly) by someone else who has a financial interest in, or can influence the terms and the sale or transfer of, the subject property. These persons or entities include, but are [...]

BREAKING NEWS! Oregon Bond Has Opened It’s Cash Advantage Program to All Areas!

Published on August 29, 2011 By Michael

Effective immediately, the CashAdvantage option for the Residential Loan Program is available for Non-Target and Target areas in Oregon. The rate is 4.40% and 3% (of the Note amount) cash assistance is available for down-payment, closing costs, or prepaids. Funds are limited so get your reservations in SOON! Stop by my page www-Michael-Eiden.com and get [...]

Oregon Bond Opened Up Their Cash Advantage Program Again!

Published on August 24, 2011 By Michael

OHCS helps low and moderate-income families in Oregon buy their first home by providing below-market rate financing and cash assistance through its Residential Loan Program. The program’s below-market rate helps eligible families increase their home purchasing power and lowers their monthly house payments.   Eligible borrowers will have two options to choose between – CashAdvantage [...]

MI Tax Deductibility Law Extended Through 2011

Published on July 1, 2011 By Michael

MI tax deductibility law extended through 2011! Borrower-paid MI premiums are tax-deductible through the year 2011. Below are answers to commonly asked questions regarding the law. Borrowers should consult their tax advisors regarding MI tax deductibility. See disclaimer note below. FAQs Does the bill apply to MGIC mortgage insurance? Yes, borrower-paid MI provided by MGIC [...]

HomePath Mortgage Financing

Published on June 7, 2011 By Michael

HomePath Mortgage Financing HomePath financing is only available on Fannie Mae owned homes. Checkout the listings at HomePath.com! Here are some quick highlights: • Low down payment and flexible mortgage terms. Available to both owner-occupants and investors: – Owner occupied – 3% down – Second homes – 10% down – Investment – 10% 1 -2 [...]

Now is literally the best time in recorded history to buy a house in America…

Published on June 1, 2011 By Michael

Ran across this great article the explains why exactly NOW is literally the best time to buy in recorded history. Get in touch with me for questions about getting preapproved to buy your home. Excerpts from the article: By Dr. Steve Sjuggerud Wednesday, June 1, 2011 Now is literally the best time in recorded history [...]

Bloomberg/Businessweek Rate Portland, OR #1 For Long Term Real Estate Growth!

Published on May 24, 2011 By Michael

It’s not often we get to be in the spotlight from a national news source. However, he we are and it’s a good thing! A recent article in the Bloomberg/Businessweek highlighted Portland, OR with the largest real price gain in home values since 1990. Here are some quick excerpts from the article: The era of [...]