Tag Archive
More Bank-Owned Homes Headed Our Way?
With the National Mortgage Settlement (aka ‘Robo-Settlement’) finally negotiated, major lenders are now able to re-examine their plans for dealing with the backlog of bank-owned homes. Oregon bank-owned homes may be only a tiny portion of the almost 1 million in play nationally, but are nonetheless subject to the wider phenomenon. Banks well realize that [...]
Warren Buffet Now: “Buy!”
Since everyone in the country knows who Billionaire Warren Buffet is, it’s fair to call him the most prominent investment expert around. So, when Mr. Buffet offers his opinion of the housing market as he did during a recent interview, Oregon residents considering whether to buy a home (or sell one) had good reason to [...]
Mortgage Rates: Getting Right to the Points
The subprime mortgage crisis and the resulting haymaker it dealt the entire housing market has caused noticeable changes in how Portland, OR homeowners look at mortgage rates and the loans they negotiate. The intense media focus on the residential financing industry has caused everyone to pay closer attention to the form of home loans they [...]
Kids Becoming Home Owners?
Wanted to check-in and share something I thought was pretty incredible (and inspiring). I’m going to go out on a limb here and guess that when you were fourteen, you weren’t thinking about buying your first home. Well, believe it or not, there’s a young girl in Florida who has taken advantage of this incredible [...]
Home Affordability Refinance Program… Questions and Answers
What Is HARP? The Federal Housing Finance Agency (FHFA) and the Department of the Treasury introduced HARP in early 2009 as part of the Obama Administration’s Making Home Affordable program. HARP provides borrowers, who may not otherwise qualify for refinancing because of declining home values or reduced access to mortgage insurance, the ability to refinance [...]
FHA Mortgage Holders… Listen Up! Savings May Be On the Horizon
President Obama Unveils Housing Initiative at Super Tuesday News Conference President Barack Obama is aiming mortgage relief at members of the military as well as homeowners with government-insured loans, the administration’s latest efforts to address a persistent housing crisis. Obama told reporters at his 19th solo White House news conference that he is not satisfied [...]
Buy to Invest… Not Flip
Now is perhaps one of the best times in history to purchase a home. Low interest rates and unparalleled affordability have created a perfect storm for qualified buyers. So does that mean the “flipping days” are here again? Probably not. While there may be shrewd investors out there who have the ability to squeeze out [...]
Life Doesn’t Always Go As Planned
Life doesn’t always go as planned. At Pacific Residential Mortgage, we recognize that many of our friends, neighbors and customers have had life events that have led to bankruptcy, short sale and even foreclosure. But, if someone has had the unfortunate experience of one of these difficult credit events, will that put home ownership out [...]
Helpful Tax Reminder… Don’t Miss Out On These Deductions
Many homeowners I work with overlook some of the tax benefits and implications of their recent purchase, sale or refinance of a home. I thought I’d share with you a handy bit of information I found on H&R Block which outlines some of essential tax information for homeowners. As you probably know, you are entitled to [...]
Why YOU Are Paying MORE For Your Mortgage Right NOW!
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!
