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fred chamberlin: 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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fred chamberlin: Oregon Seniors can purchase homes with an FHA Reverse Mortgage (HECM) as of Jan. 1 - 11/10/08 04:06 PM
Oregon seniors have a new way of buying property as of January 1, 2009. They will be able to use the FHA Reverse Mortgage Program (HECM). These loans were authorized by the Housing and Economic Recovery Act of 2008 (HERA). HERA defines "HECM (Reverse Mortgage) for Purchase" as a real estate purchase where title to the property is transferred to the HECM (Reverse Mortgage) mortgagor, which the mortgagor will occupy as a principal residence, and, at the time of closing, the HECM (Reverse Mortgage) first and second liens will be the only liens against the property." Buyers must also occupy the … (16 comments)
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fred chamberlin: Economic Outlook, Consumer Confidence, Mortgage Loans, Credit - 11/07/08 03:03 AM
I just have a few random thoughts this morning about what is happening right now in our economy. First of all, the election is over and win or lose for your candidate, get over it! We are all Americans, and America needs all of our help, not just the left or the right or the center. That said, lets talk about one of the most troubling reports, at least for me, and that is Consumer Confidence. This report measures the level of confidence individual households have in the performance of our economy now and in the future. A couple of years … (70 comments)
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fred chamberlin: USDA Rural Guaranteed 100% Loan Program for Lane County - 10/14/08 06:14 PM
I have had several people interested in obtaining a USDA home loan for property in Lane County. I've put together a map of part of the county that should help in identifying areas that qualify for this program.
As you might know - it's one of the last TRUE 100% home loans available - and it doesn't have PMI! The rates are comparable to FHA, so it's a very affordable payment! You do not have to have PRESTINE credit, but we generally want to see scores above 580, and 12 months of "clean credit."
USDA does require that the property be located in … (2 comments)
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fred chamberlin: McKenzie Stage Stop, restaurant lunch review - 10/04/08 05:19 PM
Had a bit of time for lunch the other day, so I decided to stop at the McKenzie Stage Stop located in Cedar Flat but I would be surprised if you can find it on many maps. Cedar Flat consists of a small restaurant, a service station and a few homes between Thurston (Springfield) OR and Walterville and boasts the best food this side of The Sister's on their sign outside.
The offer Prime Rib on Friday and Saturday and I have been thinking about stopping in for that but haven't had the chance. So, I stopped in on Monday for … (10 comments)
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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: INTEGRITY, do you have it? How do you know? - 09/03/08 04:16 PM
We have a class going on in our office every week and we are studying a book by Ron Willingham called, INTEGRITY SELLING for the 21st Century. It has been an interesting study and I have been more than pleased with the information and skills available through this study.
One thing in particular caught my eye this last week. We are in Chapt. 6, (Demonstrate) and I want to pass it forward. "'Is what I have the best solution for this person's needs or wants?' If the answer is 'yes,' you have a professional responsibility to show and tell them how you … (0 comments)
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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: Day Trippin' to Hendricks Bridge County Park, Walterville, OR - 08/28/08 12:10 PM
Hendricks Bridge Park is located just a short distance from Thurston (Springfield) Oregon on the banks of the McKenzie River. The park is 17 acres just 9 miles from downtown Springfield.
As you can see, the park is open from dawn to dusk and there is a user fee of $3 per vehicle. It is located on Highway 126 just after crossing the McKenzie going east.
The park is located where there has been a river crossing since the days of horse drawn wagons and buggies. There is even a map of the McKenzie River showing the drainage system into … (1 comments)
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fred chamberlin: 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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fred chamberlin: 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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fred chamberlin: 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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Fred Chamberlin - Oak Harbor/Whidbey's #1 Experienced FHA Mortgage Consultant
Oak Harbor,
WA
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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
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