I have been telling everyone that would listen that "NOW" is the time to buy the house you want. Interest rates are great, prices have leveled off or dropped a bit (in the Eugene area), and even if the price on a $250,000 home dropped another $10,000, a rate change of 3/8 of a percent would make
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07/18/2008
I know that as a lender, I always want an accept/eligible (Fannie Mae) or an accept/accept (Freddie Mac) when I submit an FHA borrower for automated (AUS) decision, but that doesn't always happen. So, here are some things to remember about your clients that have to have a manual underwrite: Ratio
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07/17/2008
It is time again for the Springfield Board of Realtors Great Chili Cook Off. The final judging will be done about noon Friday (July 18) in Springfield's Island Park. Just follow you nose to the competition. There are six competitors scheduled this year, but once they smell my chili, they may all
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07/16/2008
OK gang, I want to see lots of responses to this posting. Where do you like to get your lunch? Where do you think the best value for your money is? Who has the best tasting fare? Why??? OK, here are my choices and they are not all inclusive, there may be others. First, for the best value, no plac
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07/15/2008
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 was a year ago. The inte
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07/15/2008
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 a
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07/14/2008
Many years ago, if you borrowed money from someone, you shook hands on the transaction and that was often the extent of the deal. Then things started to change, not necessarily due to a lack of trust, but in many ways that was the final result. I remember when I started in the mortgage business,
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07/14/2008
I would like to take credit for this information, but I found it while reading another blog. I have to give Matt Heaton credit for coming up with this information on a Sunday. That is dedication. Here is a link to his blog: http://www.activerain.com/blogsview/591574/Treasury-announces-their-Fanni
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07/13/2008
Are you one of the people that took a sub-prime loan because it was easy? Are you now in trouble because the loan payments are progressing more rapidly than your ability to pay? Are you one who the FHA Secure loan was designed to help? If you are, contact me today. If you are worried about this
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07/13/2008
Are you one of the people that took a sub-prime loan because it was easy? Are you now in trouble because the loan payments are progressing more rapidly than your ability to pay? Are you one who the FHA Secure loan was designed to help? If you are, contact me today. If you are worried about this
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07/12/2008
