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eugeneloanguy: Blog Posting Like an Expert without learning HTML - 05/31/09 01:25 PM
Window Live Writer Now I am sure that the experience bloggers out there already know about this or else they are very comfortable writing in HTML. However, since I think HTML is a little harder to learn than Klingon and just a bit easier than Romulan, I found this a very helpful product. It is called Windows Live Writer and you can write with it using just normal word time action and not worry about the extra HTML code that Word seems to throw into a post just for grins. Download and Use You can download Writer here and it is … (12 comments)
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eugeneloanguy: Are Short Sales a salvation or a curse for the Seller? - 05/28/09 01:48 PM
Short Sales, Foreclosures, Deed in Lieu of Foreclosure, is there a difference when talking about credit? According to my credit expert from First American Credco, the answer is no. Please take a minute to look over my post about the effects each will have on your credit and ability to purchase a home in the future. Current home owners that are contemplating a short sale should get some legal advice first. I hope you will find information that is valuable when deciding the way to go in a bad situation. It is my opinion that Realtors can help their prospective clients … (3 comments)
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eugeneloanguy: USDA Rural Guaranteed Loan Program offers real estate loans to 102% loan to value for purchases - 10/06/08 04:00 PM
100% financing has become harder to find but there are still a few options available in Oregon. One is, of course, Federal VA but this is open only to veterans and active duty military personnel. A fantastic opportunity to purchase a home for someone that qualifies.
Next would be a FHA loan with some sort of down payment assistance program, of which the only ones currently available are SHOP, HAP and PAL. Unfortunately, HAP and PAL are currently out of money according to recent reports. (Please see previous postings for what these are.)
That brings me to the USDA Rural Guaranteed … (12 comments)
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eugeneloanguy: Oregon's Big Look Task Force Visits Eugene - 09/22/08 12:19 PM
I just received notice that the Big Look Task Force will be in Eugene Friday to get feeback on land use. This will be used to help make decisions about farm and forest lands, urban communities, issues related to sustainabiltiy, climate change, housing choice and economic prosperity.
This will be a town hall format held at Lane Community College from 6:30 to 8:30 p.m. If unable to attend the town hall, you can fill out a survey about your thoughts on land use. For a complete copy of the Big Look Task Force recommentations in June of this year, visit: "Choices … (10 comments)
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eugeneloanguy: Pictures, edits and what the heck is this? - 09/16/08 10:37 PM
Hi everyone,
I took some pictures before sunset and then did some weird type things with my Adobe Photoshop Elements just to see what would happen. So, I am asking for feedback. What do you think of the pictures and/or the edits?
I tried the paint bucket feature and got some strange colors. Take a look at this next set of canna lilies.
Next I took a day lily and did some other colors. Kind of silly looking.
Then just some different angles on the sun and plants.
My last colorization. Very strange.
… (8 comments)
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eugeneloanguy: Full Moon tonight, maybe that is why today was so strange??? - 09/16/08 01:33 AM
I had a night shot of the Springfield Bridge yesterday, so I thought I would try some effects to get the full moon tonight. Here goes:
I used my BBQ as my tripod and it didn't do such a great job but not too bad.
This is an effect called night shot. It gives a rather interesting outworldly perspective.
Overall, I am not really impressed with the way they came out, but they certainly show the full moon. Now, it is almost pumpkin time, so good night.
… (14 comments)
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eugeneloanguy: I am a TV star - 09/16/08 01:05 AM
Interesting day. Probably best expressed with the this video. I was ready for most anything but what happened. The stock market was in the tank...not too surprising...customers were calling me...refreshing...Realtors were calling me...timely...rates actually went down...kind of surprising...TV news wants to do an on air interview...SAY WHAT?
So what do you say when they ask? The nice young lady said she encountered two different kind of people, those that said no way, go away, I can't do that, and then those like me that can't keep their trap shut (not her words, mine).
So, she came to my office, interviewed me for … (7 comments)
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eugeneloanguy: HUD FHA Real Estate Loans for only $100 program. First Time Homebuyers welcome - 09/11/08 04:39 PM
Did you know you can buy a home with just $100 down payment, even in today's changed market?
It is true. If you qualify for the loan, HUD allows homes that they have foreclosed to be purchase with an FHA loan with only a $100 down payment. Unfortunately (or fortunately depending on your view), we don't have any HUD foreclosures in Lane County. Here is a list of the current Oregon foreclosures, according to the HUD website:
I have sorted them by city and it appears the closest one to the Eugene/Springfield area is in Yoncalla. Remember, these are for … (6 comments)
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eugeneloanguy: First Time Home Buyer real estate purchase options available in Lane County - 09/10/08 02:55 PM
There are benefits to being a First Time Home Buyer. I will be going over what some of those benefits are but first I want to explain what a First Time Home Buyer actually is. By definition with the lenders, and the government, a First Time Home Buyer is someone that hasn't owned a home in the last three years. In some cases, that includes manufactured homes on rented land, in others, it doesn't. Also, there can be exceptions from someone coming out of a divorce.
First benefit: The cities of Eugene and Springfield both have programs for First Time Home Buyers … (2 comments)
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eugeneloanguy: FannieMae FreddieMac Federal Control- Treasury Department places mortgage agencies under conservatorship - 09/07/08 05:11 PM
This is really great information and rather than reword the news releases again, I want to take a moment and post the great job that Richard Smith did in compiling the information we need. Thanks Richard.
Via Richard Smith Mortgages Home Loans FHA TN GA AL:
The Treasury Department acted quickly over the last two days to implement the plan to put Fannie Mae and Freddie Mac under federal control. The rew regulatory agency, Federal Housing Finance Agency, will open Fannie and Freddie Monday morning with the full backing of the US Treasury.
The move is intended to add liquidity to … (4 comments)
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eugeneloanguy: First Time Home Buyer $7,500 Tax Credit and How To Use It for Down Payment - 09/03/08 05:48 PM
First of all, it needs to be stressed that there are limitations and qualification for this program. The most stringent is that it is availalbe from homes purchased between April 9 of this year and July 1 of next year. If you miss that window, you miss the tax credit.
Next, the credit is only available to single taxpayers with an Adjusted Gross Income (AGI) of $75,000 or less or married taxpayers with a AGI or $150,000 or less to get the full credit. Lesser credits are available for those making more than the limits listed here.
Additionally, this is not … (26 comments)
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eugeneloanguy: Credit Scores and how they affect your real estate purchasing rates and power - 09/03/08 01:30 PM
Barry Habib, Chairman of Mortgage Success Source, was recently interviewed by Fox Business News and he was asked about inproving your credit scores. You can see the interview here.
I found a lot of his answers a bit simplistic but still very helpful to the majority of people that have lower credit than their payment history deserves. Now, there are no "Credit Faries," even if you believe in the Tooth Fairy. There is not magic thing that will correct your credit if it actually reveals your method of handling credit.
In other words, if you pay things late as a general rule, … (0 comments)
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eugeneloanguy: Blogs, copyright and disclaimers - 08/29/08 04:04 PM
I tried to read a featured blog on whether or not we need a disclaimer on our blog but could never get it to load. Therefore, I am going to ask the question, do we need a disclaimer? I have also read a lot about copyright issues and what to do about our original pictures.
I honestly don't know what the answer is. Should we or shouldn't we be covering all of these aspects everytime we write a blog? Are we taking chances by saying things that others may find goes contrary to what they think the facts are? Does it … (23 comments)
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eugeneloanguy: It's Getting Easier to be Green, Says Federal Reserve Bank of San Francisco - 08/28/08 04:32 PM
I just received my link to the Summer newsletter from the Community Development Department of the Federal Reserve Bank of San Francisco. You can access the entire newsletter, "Community Investments" by clicking here.
This issue is their Green Issue. In this issue, they ask what does it mean to go green? "But for many developers-nonprofit and for-profit alike-greening is a new concept, and assistance is needed in determining which types of designs, materials, and technologies truly contribute to the kinds of outcomes noted above. Is it enough to offer recycling bins? Or to use non-toxic paints?"
Discussion of Leadership in … (4 comments)
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eugeneloanguy: Dispelling Common Myths About Participating with FHA - 08/27/08 01:38 PM
I know there are Realtors out there that remember the bad old days of FHA financing. I still remember having to have and FHA certified inspector check over the house and make the sellers sweep up the basement or clean a spot on the carpet. Anyone remember the VC sheet (that hasn't been that long ago)? Well, that isn't the case anymore. FHA loans are nearly the same as conventional loans, except in some (many) cases better. Take a look at these common myths about FHA: Myth: Takes more time processing.Truth: Takes no more time than a conventional loan. Adds no … (21 comments)
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eugeneloanguy: It's Free, It's Fun, It's Your Credit Report? - 08/26/08 05:07 PM
Jason is a fairly new friend of mine. We now have an almost bi-coastal relationship. I enjoy his blogs and have been trying to keep up with what he writes. This particular posting is about credit and credit reports. I may have been able to do it nearly as well, but he did all the hard work.
So, credit where credit is due, thanks to Jason Sardi for this excellent explanation on credit. Thanks Jason.
Via Jason Sardi, Pennsylvania Mortgage Broker:
To say your credit history & score is HUGE these days may be a borderline understatement. For purposes of my … (2 comments)
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eugeneloanguy: Seller Funded DPAs, FHA Down Payment Assistance nearly gone - 08/26/08 12:30 PM
Yesterday I got this e-mail from Countrywide:
Effective on Friday, August 29, 2008, Countrywide will no longer accept Seller-Funded Grant Programs on FHA transactions, sometimes described by HUD as Seller-Financed Downpayment Assistance Programs. The Housing and Economic Recovery Act of 2008, which was formally passed into law Wednesday, July 30, 2008, prohibits any portion of the required down payment to be provided by the seller or any other person or entity that financially benefits from the transaction or any third party or entity that is reimbursed, directly or indirectly, by the seller. Impact to Pipeline:
· Loans with applications for Seller-Funded … (6 comments)
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eugeneloanguy: DID YOU KNOW? Questions and answers about today's real estate loan programs - 08/25/08 01:58 PM
Did you know?
Conforming loans are only available to 80% loan to value for 3 and 4 unit personal residence properties and require a 620 credit score for purchase or rate and term refinance and only 75% for cash out refinances.
Did you know?
You can get a 95% cash out refinance on an FHA refinance for your single family personal residence, generally at a lower overall payment than if you got a 90% conforming cash out.
Did you know?
That a cash-out refinance on a 3-4 unit personal residence is available through an FHA loan to 85% loan to value … (5 comments)
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eugeneloanguy: FHA Temporary Loan Limit Increase Goes Away in December - 08/25/08 12:04 PM
FHA increased the loan limit (temporarily) in Lane County to $343,750 as part of the stimulus package. This has opened a lot of homes to FHA loans that weren't open in the past but that new limit is only good until December 31.
We won't know what the new loan limit is until about a month before the end of the year, but it is my opinion that we will be very near the floor for FHA loans of $271,050. The actual amount will be 115% of the median sales price and from what I have been seeing, I think we … (0 comments)
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eugeneloanguy: The other 100% purchase loan, VA loan for veterans - 08/24/08 04:59 PM
There is quite a bit of concern regarding the elimination of the Down Payment Assistance programs and almost all other 100% purchase programs, so I want to spend a bit of time highlighting another 100% loan program. To my mind, this is the best 100% loan program, the VA loan.
VA's Home Loan Program is for veterans and active duty military personnel and certain members of the reserves and National Guard. VA's program provides an excellent product and benefit for those individuals who have served or are serving to protect our families and our nation, as well as giving them a … (6 comments)
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Fred Chamberlin - Oak Harbor/Whidbey's #1 Experienced FHA Mortgage Consultant
Oak Harbor,
WA
More about me…
Guild Mortgage Co - Oak Harbor WA
Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277
Office Phone: (360) 675-6106
Cell Phone: (541) 221-3455
Email Me
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