ashland: Making Home Affordable Refinance Rolling Out at 125% of Current Value
- 09/19/09 05:53 AM
Well, we've been waiting quite a while since the announcement was made that eligible homeowners could refinance their home loan under the Making Home Affordable Program borrowing up to 125% of their home's current market value vs. the previously established 105%.
More lenders are now making this program available, giving a company like mine who is a mortgage banker AND a mortgage broker the opportunity to shop rates with many different banks/lenders for homeowners who could benefit from refinancing their home loan in order to obtain today's low interest rates. This may help offset some of the further value declines … (2 comments)
ashland: Here Honey, We're Leaving You $11.2 Billion+...in Debt!
- 09/17/09 08:13 AM
Don't get me wrong...I certainly see the benefits the many families I am working with are going to experience with the $8,000 first time buyer tax credit. They're purchasing homes with monthly PITI payments less than they are paying in rent, they will experience the stability of home ownership, AND those eligible buyers who the $8,000 first time buyer tax credit will go to will likely spend it on the homes they are purchasing, helping local businesses with their purchases, or have a cushion they may not otherwise have had in case of emergency. To date, 1.4 million first time tax … (6 comments)
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you. … (20 comments)
ashland: $$$ For First Time Home Buyer In Medford Oregon?
- 09/10/09 10:02 AM
If you are a first time home buyer earning between $11,600 – 58,500 (depending on your household size – i.e. household with two parents and one child or roommate is a 3 person household, and the maximum allowable income right now would be $39,850 for the entire household), did you know there is a program available that offers RIGHT NOW, TODAY eligible first time home buyers up to $15,000 to help them buy a home in the City of Medford Oregon? No waiting, no requirement the home is a foreclosure, as the Neighborhood Stabilization Program requires. So, how might this work? … (2 comments)
ashland: First Time Buyers In Medford Oregon Have MULTIPLE Options!
- 09/10/09 07:32 AM
It isn’t often in life that we get multiple choices available to assist us on our journey, especially on the journey to homeownership, but eligible First Time Home Buyers in Medford Oregon have MULTIPLE CHOICES! Whether it is up to $50,000 for the Medford Neighborhood Stabilization Program for home buyers making up to 120% of the area median household income purchasing eligible foreclosure properties, or up to $15,000 for the City of Medford First Time Buyer program that gives eligible first time home buyers earning up to 80% of the area median household income purchasing a home in the city limits … (2 comments)
ashland: Seventy Five to Twenty Five Homes For Sale Under $100,000 in Just One Rogue Valley Oregon Summer
- 09/09/09 09:47 AM
Affordability indices are at amazing levels, with homebuyers finding deals we haven’t seen in generations here in the Rogue Valley. One of the deals is a recently released Neighborhood Stabilization Program, up to $50,000 in funds that can be used to match/make down payment, pay closing costs AND repairs on a foreclosure home here in Medford Oregon. Do you think FIFTY THOUSAND DOLLARS in a zero interest “silent second” with no monthly payments might help YOU buy a home and keep your payments nice and low?
Per Krista Bolf, 2009 Rogue Valley Realtor of the Year, not long ago there … (2 comments)
My family and I moved to Southern Oregon in 2004, when with the help of an amazing real estate broker we found the perfect business for my husband Roy to run, the perfect home for us to live in, and later the perfect rental property to help us … (0 comments)
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you. … (13 comments)
ashland: Wordless Wednesday - Knock, Knock...Who's There?
- 09/02/09 03:01 PM
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you. … (19 comments)
ashland: Have You Been To The Winchester Inn Restaurant & Wine Bar In Ashland, Oregon?
- 08/25/09 05:41 AM
After over five years living here in beautiful Southern Oregon, we are still making new discoveries all the time. New paths to take on walks and hikes. New streets to travel on to familiarize ourselves with the various neighborhoods here while discovering the different viewpoints here in the Rogue Valley. New shops/businesses to explore. All new to us, anyway.
We recently celebrated our 14th wedding anniversary. Since we had house guests at the time, we postponed our celebration until after they left. On Saturday, my hubby and I headed over to a restaurant we’ve wanted to try, having heard such … (2 comments)
ashland: Wordless Wednesday - Sunday Afternoon Stroll In The Park
- 08/19/09 02:00 PM
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or forinvestment, put my knowledge and expertise to work for you. … (14 comments)
ashland: Wordless Wednesday - The Road Less Traveled
- 08/19/09 01:55 PM
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you. … (14 comments)
ashland: How to Buy A Home In The Rogue Valley Oregon | If You Are A Self-Employed Borrower
- 08/17/09 02:56 PM
Remember the days of the “Stated Income” loan? They weren’t that long ago, having fizzled away and disappeared in to the fog of “alternative lending” programs that are no longer with us. While many alternative and subprime mortgage products needed to disappear in order to bring the realm of real estate financing and markets reliant upon it back to a more sustainable level, the stated income loan is sorely missed.
The stated income loan was designed to meet the specific needs of the self-employed, commissioned or bonus receiving homeowners. People receiving irregular revenue streams with spiking expenses who have exhibited … (11 comments)
ashland: How to Buy a Home In The Rogue Valley Oregon | Using the USDA Guaranteed Rural Housing Loan No Money Down Program
- 08/14/09 05:24 PM
Do you like the idea of living outside the hustle and bustle of the city? Is rural living the lifestyle you choose? There is a great home loan program that is right up your alley, called the USDA Guaranteed Rural Housing Loan Program. This is a government home loan program that may be used for eligible areas with population under 25,000 and away from a metropolitan area. For the Jackson County area of the Rogue Valley, this means eligible areas could be Ashland, Talent, Phoenix, Ruch and Jacksonville to the South of Medford/Central Point, or White City, Eagle Point, Shady Cove, … (3 comments)
ashland: Southern Oregon Seniors, Did You Know You Could Use A Reverse Mortgage To PURCHASE A Home?
- 08/07/09 04:17 PM
A lot of information goes around about the Reverse Mortgage that is the tool many senior homeowner's choose to use to help bridge the gap between their retirement benefits and their everyday expenses, but Southern Oregon Seniors, Did You Know You Could Use A Reverse Mortgage To PURCHASE A Home? The general terms are the same as when you already own a home and take out a Reverse Mortgage, aka "Home Equity Conversion Mortgage" or "H.E.C.M.".
Some general program details:
You must be 62+ years old You never have to make monthly payments on the amount you borrow Credit … (7 comments)
ashland: Wordless Wednesday - Red Skies At Night...
- 08/05/09 04:32 AM
Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you. … (7 comments)
ashland: Tale of A Sad, Sad Divorce After a Long Happy Partnership
- 07/29/09 03:21 AM
Oh, woe is me! Alas, I have a tale to tell of how a long, steady, reliable relationship filled with mutual respect has gone awry. A sad tale of how a long, happy partnership had to end. I didn't WANT this relationship to end. But, I now NEED this relationship to end. The relationship is a "Preferred Partner" relationship with a lender who will remain nameless. For YEARS, I've been telling fellow originators how wonderfully consistent this lender has been. How not only is their pricing consistently competitive, but a human answers the phone and you can actually run complex transactions … (12 comments)
ashland: There Is A Secret Gem Here In The Rogue Valley!
- 07/27/09 01:05 PM
In these times of busy real estate sales and sometime excruciatingly painful home loan processes, I am reminded that in the middle of every transaction is a glimmer of light. I wrote recently about another glimmer of light I experienced for one first time home buyer transaction that really came together and made a difference for a young Rogue Valley family. But the glimmer that I'm seeing today is really more of a steady shine. This comes from an appraiser I've had the pleasure of working with on several FHA and USDA Guaranteed Rural Housing loans I've done lately. All us industry … (3 comments)
ashland: Coming Soon – Rotary Club of Ashland Oregon’s “A Taste Of Guanajuato”
- 07/27/09 03:28 AM
It's that time of year again! Rotary Club of Ashland Oregon will be holding their "A Taste of Guanajuato" fundraising event in August. The City of Ashland's sister city is Guanajuato, Mexico. Several reciprocal events take place throughout the year, and one of these events is the International support of Rotary Club of Ashland Oregon, Rotary International and the people of the Rogue Valley who are in partnership with Guanajuato Mexico and her citizens building affordable homes - FOR AROUND $3,000 EACH!!!! Rotary Club of Ashland is holding the second "A Taste of Guanajuato" with the hopes that once again Ashland … (0 comments)
Loving the challenge of a career in mortgage|real estate since 1983, keeping up with the progression of changes in this industry keeps one on their toes. What doesn't kill us makes us stronger, right? Here's to a few more decades of strength building!
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