My Twitter cohort (and Longview, WA Real Estate Broker) Jessica Baker asked me if I had a post discussing interest rate buydowns. Much to my chagrin, I did not! Time to fix that right now… Rate Buydowns – What It Is Homie First, there are two types of buydowns when it comes to mortgage rates: [...]
Something that can be an area of confusion and consternation for borrowers, especially those buying their first home, is the subject of closing costs. In fact, part of the reason lenders aren’t supposed to advertise “100% financing” is because some borrowers take that to mean there will be no costs associated with the loan. I’ve [...]
There are definite, clear cut guidelines when it comes to determining how much home a borrower can afford. Those guidelines are different from one loan program to another. There is also a bit of “gray area” when it comes to affordability. The definition of that gray area also changes from one program to another; what [...]
That’s IT! You’ve decided you are through with renting, and dammit: you’re buying a home! Awesome. In my opinion, if it fits with your lifestyle and budget, rock on. Buying a home: where to… A lot of the people that call and email me from this site say the same thing: “We feel it’s the [...]
I read a study in the past that Real Estate agents are one of the least trusted in the professional world. The only mention I could find of that study is here. I was talking with Mike Rohrig, a Realtor himself (and a damn trustworthy one), about this very topic yesterday. And that’s why I [...]
I’ve had a couple clients come on board lately that are at the intersection of Washington home loans and community property rules. What the hell does that mean? If you apply for a home loan in Washington without your spouse’s name on the loan, you may still be held liable for their credit. *GASP* Home [...]
A funny notion occurred to me when considering potential issues that people face when buying a home. Do you remember Jimmy McMillan from the 2010 New York gubernatorial race? Let me refresh your memory with this video: Yeah, he’s funny. He may even be right. However, in the context of buying a home, he might be wrong. Is [...]
When it comes to buying a home, timing is everything. I’m not talking about timing the market for optimum home prices or interest rates. I’m talking about the home loan process, and the timeline associated with it. Great Expectations I have previously joked around about Real Estate agents wanting to “jump the gun” when it [...]
So you’ve decided that buying a home is the right decision for you. Prices are reasonable, interest rates are virtually paying you to borrow, and you want to start a family. You’ve carefully considered the two sides of the decision, and it is definitely time to buy a house. The Gateway Decision Deciding to buy [...]
USDA home loans in Washington County So as you can see in the video (link for mobile), you don’t necessarily have to ration your winter food stocks to meet property eligibility requirements for USDA home loans in Washington County, Oregon. While Mike and I were driving around the areas of Washington County we explored (Tigard, Sherwood, Wilsonville), [...]
One of my awesome clients came to me a while ago to get pre-approved to buy a home. She qualifies for a sizable loan amount, but she had a set budget that was well under what she actually could get approved for. She’s playing it smart. I always tell people, “I’ll tell you what the [...]
Central Oregon Realtor Thesa Chambers has clients that want to know, “Can I still get financing for a condo?”
Want service over sales? Info rather than hype? Allow me to assist you with your home financing needs in Oregon and Washington! 503.799.4112 jason@mypmb.us
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RT @robpiercy: Early adopters make me laugh. By all their talk, you'd think they invented electricity -- when really they just opened a Pinterest account.
