| |
oregon bond: Who Says The Southern Oregon Real Estate Market Is Slow?!?! Buyers are Springing Forward Here! - 03/18/09 07:03 PM
There are many reports out there about how slow some real estate markets are, but it sure doesn't seem that way here in Southern Oregon! Some of the things I'm hearing from buyers this week are:
"Darn - there ended up being 4 offers on the home I wanted. We're back to the drawing board again."
"I thought this loan process was going to be so hard, but I can't believe how smooth it has gone. I didn't expect to be approved for my loan this easily, or for this much."
"We're still waiting to hear back from the seller on … (0 comments)
|
oregon bond: Oregon Vets Who Want To Refinance Look To Programs Other Than Oregon Vet Loan - 02/17/09 04:19 PM
I receive calls periodically, and was contacted again recently by an Oregon Veteranlooking to use the Oregon Veteran Home Loan program to refinance their home in Southern Oregon. There are a lot of misconceptions about this program, and these folks were recently misinformed. The Oregon Veteran Home loan, like the USDA Guaranteed Rural Housing program, requires:
The purpose of the loan be to purchase a home Home must be the borrowers' primary residence When shopping for your home loan, if you come across something that doesn't sound right, trust those instincts and make sure you double check with another source!
… (3 comments)
|
oregon bond: First Time Home Buyer Resources (Part 4– Temporary Subsidy Buydown) - 01/07/08 02:12 PM
Temporary subsidy buydown plans are a way to help homebuyers qualify with the mortgage payment lowered initially, by the interest being "bought down" or prepaid by the homebuyer or the seller. When a homebuyer opts for a buydown plan, they will get lower, more affordable mortgage payments with the stability of predictable payment increases over time.
Most homebuyers choose one of two temporary buydown plans, a Limited or an Extended buydown plan. The Extended plan allows the borrower to qualify at the initial (bought down) interest rate that can be up to 1.5 percentage points lower than the note rate. This rate is then … (0 comments)
|
oregon bond: First Time Home Buyer Resources (Part 2– Purchase Assistance Loan - PAL) - 01/07/08 01:34 PM
Many States, Cities and Counties offer Down Payment Assistance Loan programsto first time homebuyers whose income is low-to-moderate. Each program participant establishes the criteria for their local area. Usually, these loans are for homebuyers earning up to 80% of the HUD median income for their County and family size. Many of these loans bear zero interest, are "silent seconds", meaning they require no monthly payments, with the entire balance due when the home is transferred, sold, refinanced, or the primary mortgage is defaulted on.
These PAL programs are for first time homebuyers- those who have never owned a home, or have … (6 comments)
|
oregon bond: Happy Veteran's Day - A Boost to Home Loans for Oregon Vets - 11/09/07 06:16 PM
Many heartfelt thanks to our many Veterans who have made their sacrifices in order to protect us all. Sunday and Monday we will honor you, showing you the appreciation you have earned.
Good News For Oregon Veterans! A bill increasing the funding for a low interest loan program for Oregon Vets (and Vets in Alaska, California, Texas and Wisconsin) was passed in the House this week, and is expected to be approved in the Senate, as well. This will increase Oregon's bond limits to $100 million in 2010, which is four times the present limit of $25 million cap that is set under our present … (0 comments)
|
|
|
|
|
|
Karen Pierce Cooper
Medford,
OR
More about me…
Karen Pierce Cooper| Housing Counselor |Oregon
Address: PO Box 4126, NMLS#223305 , Medford, OR, 97501
Office Phone: (541) 779-6691
Email Me
Bringing 28 years of experience providing Southern Oregon and California Home Buyers and Homeowners | Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville | Helping Southern Oregonians on the road to fulfilling the American Dream of Homeownership - and staying there! ,
Ashland, OR (97520) Current Weather
, ,
 Listings
Links
Archives
|
;)
;)
;)
