karen burket: To quote my borrower "This is REALLY stupid that you need to contact my landlord!" - 10/24/11 11:25 AM
"This is REALLY stupid that you need to contact my landlord".....that's what my borrower keeps telling me.  He just doesn't understand the need for the underwriter to verify his monthly rental payment.
 
I'm working with some longtime clients on a refinance of an investment property they own.  They currently live in California, and rent the home they reside in, however they do own a property up here in Oregon that they use an an investment.  They've been great in providing me with their tax returns, wage statements, bank statements, etc.; they qualify for the refinance, based on all the information … (3 comments)

karen burket: Skinny Dipping - 09/22/11 09:19 AM
SKINNY-DIPPING
An old farmer had owned a large farm for several years, with a large pond in the back. One evening, the old farmer decided to go down to the pond, as he hadn't been there for a while. As he neared the pond, he heard shouting and laughing. As he came closer, he saw a group of young women skinny-dipping in his pond. He made the women aware of his presence and they all went to the deep end of the pond. One of the women shouted to him, "We're not coming out until you leave!" The old man replied, … (22 comments)

karen burket: My Saturday Foodie Post - Pork Loin with Blackberry Balsamic reduction - 09/17/11 05:32 AM
The blackberries were plentiful down by our creek so last weekend it was time for some pickin'!  
For the Blackberry Balsamic  reduction you'll need, blackberries (about 2 cups) Balsamic vinegar, a pinch of salt and a dash of white pepper.
Put about 2 cups of blackberries in a small sauce pan.  Add about 1/2 cup of water and heat over a low simmer.  Add in about 1 cup of Balsamic vinegar, a pinch of salt and a dash of white pepper.  You'll want to "mash" up the blackberries into a puree.  I used an immersion blender but you could use … (15 comments)

karen burket: It's true...Extreme Makeover Home Edition has "stunt doubles" - 09/14/11 03:58 PM
The crew of Extreme Makeover Home Edition has been here in Medford for the past week.  Lot's of frenzy for sure!  Today it was announced that at 3:00 pm the reveal to the McPhail family of their new home would take place.  I wasn't able to head up to the site but dear hubby did.  He was there from about 1:30 - 3:00.  He sent me a few pics on my cell phone of the site and finished house.  (I'll attempt to get downloaded later).  BUT, what I found extremely amusing is that the 3:00 "reveal" wasn't with the actual FAMILY … (8 comments)

karen burket: Don't be a naked buyer with cellulite - 09/09/11 06:53 AM
Cindy makes great points here.  Although I'm on the lending side of things, I can't stress enough how important it is to meet with a qualified professional mortgage lender to get that pre-approval in hand BEFORE you head out to look for your dream home. 
Don't be a naked buyer with cellulite
A buyer without a pre-approval letter heading out to search for homes is like a person with cellulite wearing a thong on the beach....they're both just not good...on many levels. Without checking your credit first..you just might not be able to buy that house you fell in love with … (0 comments)

karen burket: Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 9, 2011 - 09/09/11 05:27 AM
Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 9, 2011
 
This morning’s Conventional FIXED and ARM rate quotes are:                            
30 Year                                                 4.125%   (4.368% APR)                                               
15 Year                                                 3.250%   (3.489% APR)
5/1 ARM                                              2.875%   (3.124% APR)
3/1 ARM                                              3.125%   (3.373% APR)
                                                                                                         
*These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO
score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock
using Approved Lenders.
 
This morning’s Government FIXED rate quotes are:                                              
FHA 30 … (0 comments)

karen burket: Property taxes are NOW due at closing - 09/08/11 07:12 AM
Property taxes are NOW due at closing.
On any loan with a property located in the State of Oregon, or any state where property taxes are due November 2011, investors will require that those taxes get collected and held by escrow until the tax bill is sent out.
This pertains to any loan that is scheduled to fund September 15th or after.  Since the 2011-2012 tax bills have not been disbursed yet, it will be typical to use the 2010-2011 Property Tax figure as noted on the Preliminary Title Report for the purpose of calculating what to collect.
For instance, if … (5 comments)

karen burket: Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 8, 2011 - 09/08/11 06:34 AM
Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 8, 2011
 
This morning’s Conventional FIXED and ARM rate quotes are:                            
30 Year                                                 4.250%   (4.491% APR)                                               
15 Year                                                 3.375%   (3.619% APR)
5/1 ARM                                              3.000%   (3.240% APR)
3/1 ARM                                              3.125%   (3.373% APR)
                                                                                                         
*These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO
score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock
using Approved Lenders.
 
This morning’s Government FIXED rate quotes are:                                              
FHA 30 … (0 comments)

karen burket: Extreme Makeover Home Edition -Southern Oregon winners announced! - 09/07/11 07:50 AM
Extreme Makeover Home Edition has announced the Southern Oregon family winner.  Congratulations go out to the McPhail family of Medford.  While I don't know the McPhail family personally, I am familiar with an organization they are very involved in.
CJ and Lindsay McPhail started the Southern Oregon Chapter of Sparrow Clubs.  If you aren't familiar with Sparrow Clubs, it's an organization that helps children with medical issues by getting them involved with a school that  adopts them as their school's "Sparrow".
After years of devoting themselves to the Sparrow Program, they found themselves needing help from the organization itself.  Both of … (5 comments)

karen burket: Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 7, 2011 - 09/07/11 07:02 AM
Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 7, 2011
 
This morning’s Conventional FIXED and ARM rate quotes are:                            
30 Year                                                 4.250%   (4.491% APR)                                               
15 Year                                                 3.375%   (3.619% APR)
5/1 ARM                                              3.000%   (3.240% APR)
3/1 ARM                                              3.125%   (3.373% APR)
                                                                                                         
*These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO
score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock
using Approved Lenders.
 
This morning’s Government FIXED rate quotes are:                                              
FHA 30 … (2 comments)

karen burket: The Extreme Home Makeover Van has rolled into town! - 09/06/11 10:51 AM
The Extreme Home Makeover Van has rolled into town! 
 
Tomorrow, one lucky family here in Southern Oregon will get a knock on their door to let them know that they are the recipients of a new home built by the Extreme Home Makeover team.
It's been known for a few weeks now that a Jackson County, Oregon family would be receiving the new home, but it's still a big secret as to which family (there were five contenders), will be receiving the new home.
The Makeover Van was spotted at the Rogue Regency Inn here in town last night.  How exciting!!!!!
(10 comments)

karen burket: New Guarantee Fees to the USDA Loans - 09/01/11 10:22 AM
New Guarantee Fees to the USDA Loans.
 
There will be a new annual fee and changes to the up-front fee effective on all USDA Loans with Conditional Commitments received on or after October 1, 2011.
What exactly does that mean to buyers?  Currently, there is just a one time Guarantee Fee for USDA Mortgage Loans.  What has been a benefit to the consumer is that as long as the borrower themselves and the property fit into the eligibility guidelines for USDA, 100% financing is available with in essence, no mortgage insurance.  This new annual fee that will be collected on … (0 comments)

karen burket: Hello, I'm King Kamehameha! - 09/01/11 07:33 AM
I got a good chuckle out of John McCormack's blog post I'd like to find a good Topless Bar.    If you need a good chuckle, check out his post.  
After reading his story, it reminded me of a rather embarrassing situation from my younger years.  I was sixteen and my parents took my brother and I to our first trip to Hawaii.  During our trip, we went on one of those dinner cruises.  After dinner the band fired up and there was dancing.  A nice young gentleman asked me to dance and I accepted.  The music was rather loud … (7 comments)

karen burket: Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 31, 2011 - 09/01/11 06:17 AM
Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 31, 2011
 
This morning’s Conventional FIXED and ARM rate quotes are:                            
30 Year                                                 4.250%   (4.491% APR)                                               
15 Year                                                 3.375%   (3.619% APR)
5/1 ARM                                              3.000%   (3.240% APR)
3/1 ARM                                              3.125%   (3.373% APR)
                                                                                                         
*These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO
score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock
using Approved Lenders.
 
This morning’s Government FIXED rate quotes are:                                              
FHA 30 … (0 comments)

karen burket: Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 29, 2011 - 08/29/11 06:47 AM
Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 29, 2011
 
 
This morning’s Conventional FIXED and ARM rate quotes are:                            
30 Year                                                 4.250%   (4.491% APR)                                               
15 Year                                                 3.375%   (3.619% APR)
5/1 ARM                                              3.000%   (3.240% APR)
3/1 ARM                                              3.125%   (3.373% APR)
                                                                                                         
 
*These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO
score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock
using Approved Lenders.
 
This morning’s Government FIXED rate quotes are:                                              
(0 comments)

karen burket: My Saturday Foodie Post - Pepper and Onion Relish on Baked Salmon - 08/27/11 07:59 AM
This is super easy and a great tasting salmon dish!  Southern Oregon is home to the Harry and David Corporation.  They specialize in great gift baskets, and have some great products.  I'm especially fond of their many different relishes that are great for making dips with.  I generally keep an assortment of them on hand and found that one in particular is great on Salmon!  Relishes can also be ordered online! 

I had some small salmon fillets in the freezer that I took out and thawed.  After they were thawed, they got topped with some coarse sea salt and fresh cracked … (14 comments)

karen burket: Agents, you have my word...I would never make you witness this! - 08/26/11 10:18 AM
My mantra:  "There's a place for everything, and everything has a place."  You got it, to sum it up, I'm pretty much a neat freak.  I love fresh vacuum marks and my momma taught me to make the bed every morning.  The thought of actually crawling into unmade sheets gives me the jeebies.  Call me a little OCD and really, I'm ok with that.
Well, hubby and I have been empty nesters for over four years now, as it was four years ago our son left for the Marine Corps and our other two, have been on their own for quite … (13 comments)

karen burket: Survivor, Big Brother and The Amazing Race on Capital Hill - 08/26/11 05:54 AM
Last night while having dinner with family, not surprisingly, the conversation morphed into next year's Presidential race.  My family is all very conservative and we all cast our opinion as to who might end up being on each party's ticket.
Then I had an idea.......let's eliminate the standard election process all together!  I say, form a reality show where each respective Presidential candidate is put through a rigorous task of actually solving a problem on each episode.  There are no panel of judges.  The public gets to decide each week who's torch is extinguished or who gets booted off the island. … (5 comments)

karen burket: Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 25, 2011 - 08/25/11 06:18 AM
Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 25, 2011 
 
This morning’s Conventional FIXED and ARM rate quotes are:                            
30 Year                                                 4.375%   (4.618% APR)                                               
15 Year                                                 3.375%   (3.619% APR)
5/1 ARM                                              3.125%   (3.373% APR)
3/1 ARM                                              3.125%   (3.373% APR)
                                                                                                         
 
*These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO
score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock
using Approved Lenders.
 
This morning’s Government FIXED rate quotes are:                                              
FHA … (0 comments)

karen burket: This needs to be seen by as many Realtors as Possible! Closings MAY be delayed if word does not get out! - 08/24/11 07:07 AM
More changes coming to the appraisal process!  This is some great information that all parties to the transaction really need to be aware of.  Thanks Mary for this valuable information.  
Pass this along to every Realtor you know. Re-blog this post, whatever you can do to get the word out!  

As of September 1, 2011 appraisals will change drastically. We now must complete appraisals in what is defined as UAD or Uniform Appraisal Dataset format. This is a GSE Fannie, Freddie requirement. 
What does this mean for you? The new reports will look foreign to you and your clients … (4 comments)

 
Karen Burket, Valley Mortgage Grou, Conventional, FHA, VA, mortgages (Bank of Oregon a division of Willamette Valley Bank )

Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages

Medford, OR

More about me…

Bank of Oregon a division of Willamette Valley Bank

Address: Medford, Central Point, Eagle Point, White City, Rogue River, Grants Pass, Klamath Falls, Jacksonville,, Medford, OR, 97504

Office: (541) 842-5605

Mobile: (541) 890-3262

Email Me

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You can find great local Medford, OR real estate information on Localism.com Karen Burket-Bank of Oregon Home Loans Conventional, FHA, VA, mortgages is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Feedjit Live Blog Stats


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