Real estate blog entries tagged with lane county by Fred Chamberlin - Eugene/Springfield's #1 Experienced FHA Mortgage Consultant (Alpine Mortgage Planning

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lane county: $8000 Tax Credit Used as Down Payment for FTHB - 05/12/09 05:13 PM

The biggest problem that most first time home buyers have is coming up with the down payment. I have posted several times in the past various ways to get the down payment together, but it has still been out of the reach of some people. Now, that could change. The First … (8 comments)

lane county: Loan Qualification Standards have changed. Do you know the 3Cs? - 01/23/09 01:06 AM

Three major concerns in mortgage loan underwriting have again come to the forefront with underwriters. Those three items, Credit, Collateral and Capacity are the three legs of intelligent underwriting in todays Real Estate Mortgage industry. What are some of the things that effect these three legs and what changes are new … (12 comments)

lane county: Lower Mortgage Rates - Reduced Home Prices - Time to Buy? - Urgency - 01/07/09 09:35 PM

Sometimes you make your decisions based on total facts, sometimes you make your decisions based on strictly on feelings. In the following post about a sense of urgency, I think that I have put a balance to fact and feeling. Facts are that mortgage rates are low and prices of homes … (9 comments)

lane county: 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 … (16 comments)

lane county: Night view of the Willamette River Bridge, Springfield OR - 09/15/08 09:20 AM

While I was at the Fiesta Latina Saturday night, I tried a night view of the bridge over the Willamette River. I think it came out better than I expected. Needless to say, taking this kind of a picture with flash doesn't work. So, what do you think, is the picture … (10 comments)

lane county: 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, … (26 comments)

lane county: 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 … (0 comments)

lane county: 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 … (0 comments)

lane county: 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, … (1 comments)

lane county: 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 … (5 comments)

lane county: 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 … (6 comments)

lane county: Have you been playing "In The Zone?" - 08/19/08 03:49 PM

I get a periodic email with positive information from Simple Truths. It is very good information and of course, they want me to buy their books, but they aren't really pushy about it.
The big thing I got out of todays message may be different than anyone else would get, but … (4 comments)

lane county: Real Estate Loan Consultant asked to comment on Credit and Shopping Loans - 08/18/08 04:09 PM

I was approached last week by a writer wanting some quotes for two articles she was writing for a Real Estate magazine. She asked me if there was one of the two I would like to comment on. For me, it seemed like a no brainer on which one to comment. … (9 comments)

lane county: Bob Straub Parkway construction underway, Springfield & Thurston OR benefits - 08/10/08 11:11 AM

The Jasper Extension, renamed the Bob Straub Parkway, should be done this fall when connection is made with Jasper Road.
As an Oregon native and knowing who Bob Straub was (Governor 1975 - 1979), I am quite surprised that anything is named after him, except for a small rest area somewhere … (0 comments)

lane county: Kiddy Condo or how I paid for my room at college - 07/21/08 07:26 PM

OK, there are people that will say that I stole this from Jeff Belonger (http://activerain.com/blogsview/600662/-Kiddie-Condo-FHA) and they would be absolutely right. However, Jeff doesn't post to the Oregon sites and this information is just too good not to forward. I have done this in the past and it really works. Thanks … (1 comments)

lane county: Jumbo Loans - 07/15/08 12:57 PM

I have received comments lately from Realtors about how they read that jumbo loans were hard to get. To this, I have to answer in the affirmative. Jumbo loans are more stringent in their underwriting than they were just about a year ago. The loan to value is lower than it … (0 comments)

lane county: Junction City Scandinavian Festival - 07/14/08 04:33 PM

The world may be focused on the Olympics in Bejing on August 8, but the Junction City Scandinavian Festival will already be a day old.
Every year since 1961, the people of Junction City have celebrated their Scandinavian heritage with a festival that offers cultural entertainment and activities and food, food, … (2 comments)

lane county: Prime Resturant, Three Rivers Casino - 07/12/08 01:16 PM

The resturant is located in the Three Rivers Casino in Florence, OR. Just head west from Eugene and you can't miss it.http://www.threeriverscasino.com/a/pages/hotel.htm...We had dinner at the Prime Resturant and I enjoyed the meal very much. Overall, I would give them about 4 stars out of 5. My lobster was outstanding, the … (0 comments)

lane county: FHA Facts - Mixed use commercial - 07/02/08 03:57 PM

FHA Facts:
Did you know?
A 203(k) mortgage may be originated on a "mixed use" property provided: (1) The property has no greater than 25 percent (for a one story building); 33 percent (for a three story building); and 49 percent (for a two story building) of its floor area used … (4 comments)

lane county: FHA 203k Streamline - 06/30/08 12:59 PM

FHA offers a Streamline 203k program that allows a homebuyer/owner to finance up to $35,000 of home repairs in the purchase or refinance of a home. This is an excellent program because it doesn't have the same review requirements of a complete rehab loan. I would be surprised if you … (10 comments)

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