HomeBuyers Make Lifestyle a Priority - Eric's Daily Rate Watch for July 27, 2011

Mortgage and Lending with Directors Mortgage, NMLS-3240 NMLS-97776


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July 27, 2011  -  8:47am PST  -  Lock 'em While They Last! 
In today's video, Eric gives an update on how long a HomeBuyer must wait before buying a home ... if they have had a foreclosure, short-sale, or bankruptcy on their record.
In today's video, Eric gives an update on how long a HomeBuyer must wait before buying a home ... if they have had a foreclosure, short-sale, or bankruptcy on their record.


     This will open in my YouTube page in separate window.  Be sure to come back to this page to read the rest of the articles below!

HBM find

Today's Rates at a Glance
Pricing shown actually available at time of publication and may change up/down during the day.  Most loans can be "bought-down" further to lower rate. "Zero-fee" loans available.  Call for details.
CONFORMING  ($417k or less - pmt based on $250k)
RATE       APR        P&I Pmt   
4.375       4.493       $1248        30yr Fixed
4.500       5.395       $1267        30yr Fixed - 97%LTV with MI
4.750       4.848       $1304        30yr Fixed - 95%LTV - no MI 
3.625       3.828       $1803        15yr Fixed
4.750       4.826       $1304        30yr Fixed investment
10yr, 20yr, and 25yr Fixed available - Call for Details

2.750       3.186       $1021        5/1 ARM

3.250       3.350       $1088        7/1 ARM

4.250       5.196       $1230        30yr Fixed FHA  
3.250       3.350       $1088        5/1 ARM FHA
Fantastic pricing also available for VA & USDA

JUMBO  (above $417k - pmt based on $600k)

RATE       APR        P&I Pmt   
4.750       4.881       $3130        30yr Fixed
3.000       3.363       $2529        5/1 ARM Jumbo

3.625       3.784       $2736        7/1 ARM Jumbo

We have Jumbo Loans up to 90% loan-to-value


Current Product Offerings Include:

Purchase, Refinance, Construction, Commercial, Investment Property, Single & Multi-family, Conventional, FHA, VA, USDA, Cash-out, Streamline refi's, No-Cost refi's available ... and more ... And we lend our own funds for most of these loans (closing faster than brokers, big banks, credit unions with better rates)


Interest rates as of 27 July 2011 - 8:47am PST, and are subject to change without notice.  Please call for up-to-the-minute accurate quotes and Pre-Approvals.  Pricing based on a single-family primary residence and 25day lock in Oregon.  Washington rates "may" vary slightly.  FHA, USDA, VA rates factored on a middle credit score of 640 and 96.5% ltv for FHA and 100% ltv for USDA or VA.  USDA has income & property restrictions.  Lower credit score loans are possible under certain circumstances (call for details).  Conventional rates shown based on credit-score of 740 and 75% or less ltv, with impounds. Jumbo pricing based on 75% ltv (fixed) and 75% ltv (ARMs) with impounds.  Lower credit-score programs may be available at slightly higher rates.  Reduced or "no-cost" loans available upon request.  Other restrictions to any program may apply. This offer is not a firm committment to lend.  Individual program qualifications may apply.  Currently locked rates may be reduced if enough market improvement - call for details on our "floatdown" policy.

Call 503.698.5801 for program details and scenarios ... find out what you qualify for! 
HomeBuyers Make Lifestyle a Priority 


The adage when it comes to real estate has been "location, location, location." A recent survey, though, shows that lifestyle options are a priority. These include health and safety, access to cultural activities, and family-friendly neighborhoods.

Of course, location is still important, but today's buyers are looking for a sense of belonging in a community as well as creating a desirable lifestyle with the home they buy.


  Read the rest of the article 



Still Waiting for Debt Deal

Stocks fell Wednesday as lawmakers remained at odds over how to avoid a debt default. A weak report on orders for manufactured goods also weighed on stocks.

Full Story 

How a Debt Downgrade May Affect Consumer

To Buy or Rent - Now's the Time to OWN   


With home prices dropping, minimal interest rates and the cost of rental properties on the rise, now may be the time for renters to seriously consider buying a house, according to HouseSavvy, a premier real estate and relocation organization headquartered in Massachusetts.

Rental cost has remained on the high side in many communities, making it more monetarily advantageous for renters to buy a home that has dropped in value from the highs of five years ago, to the tune of the national average of 30%. Combine the decrease in home prices, high rental costs and historically low interest rates, and the time may be ideal for renters to consider buying.


To further underscore the advantages to buying, consider a recent study that reported the share of income Americans are now paying to own their homes is 9.8% after mortgage, taxes and insurance payments-down from 17.2% at the housing bubble's peak. Conversely, the study further says that in 28 out of the country's 54 major markets, it's now less expensive to pay a mortgage and other major housing costs than to rent the same house.

Great time to take advantage and own your dream home!  As always, I'm here to help you get the right mortgage for your purchase ... 503.698.5801.  Call me for quick Pre-Approvals! 


  Full article about owning vs renting

In This Issue
HomeBuyers Make Lifestyle a Priority
Wall Street Update
To Buy or Rent
About Us
Our Client's Say it Best

5 star logo updated

Eric clients rate him Excellent in Customer Satisfaction!!

(independent survey)


Join Our Mailing List
HBM sold


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Who We Are

Skyline Home Loans is a DIRECT LENDER.
This means we fund most of our loans through our own bank lines, have in-house underwriting & funding, along with very competitive terms and fees.  We have assembled one of the strongest teams in the industry, which allow us to provide outstanding customer service.

Whether you are purchasing your first home, or your 10th rental property, we are committed to explaining all the available options and ensuring a smooth & timely closing. 

What If I Lock and Rates Dip?
If you instruct us to lock your rate, and the next week the market improves enough, we may be able to reduce the rate we locked for you by re-negotiating with our investors. 

We are monitoring the markets in real-time EVERY DAY, so if a change occurs, we will notify you.  Any change does require enough market improvement (usually 1/4 - 3/8%) - call for details. 

Our Clients Say ... 


"My jaw dropped ... you are a rockstar Eric!"   Kristin


"WOW, you continue to impress us"  Jennifer


"You are my guy. I trust what you tell me"  Gary


"We appreciate how easy this process was"  K.L.


"Couldn't have asked for a smoother closing"  Mike


"I really appreciate your dedication.  I will tell everyone I know about you"  Michelle


"I wish everyone I did business with demonstrated the same level of professionalism and competence"  David


"Easiest and least painful refi ... EVER"   Jim


"You met and exceeded everything I hoped for - thank you!"  Rob


"You will definitely have ALL my future business"   Dave


"It's great this moved so fast!"   Floyd


"I'm so excited!"   Ashley



"You are a man of character and integrity who always has the best interests of your clients as your priority"    Merrilee 


"Thank you for listening, Eric"   Janet


"You are the best one out there.  Nobody else goes the extra mile like you do"

Realtor referral partner


"Impressive!!"    John

Eric new photo 03012011Skyline HL Logoericnewman
Senior Mortgage Banker
DIRECT  503.698.5801
           CELL 503.997.5285
MLO-97776  ~ NMLS-12072               10121 SE Sunnyside Rd, Suite 230    Clackamas, OR  97015                      2010 GFE
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ERIC NEWMAN  |  Loan Officer |  NMLS# 97776     
Office: 503.698.5801  |  Cell: 503.997.5285   |  Fax: 503.716.4604    
Guild Mortgage Company  |  NMLS# 3274  |  10135 SE Sunnyside Rd, Ste 220, Clackamas, OR 97015  


NW Mortgage Group has been acquired by Guild Mortgage  -  Read the full press release


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Eric Newman

Loan Officer with 25yrs in Housing, NMLS-97776
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