Thinking of buying your first home? Know anyone who is? There's a loan program in Oregon that can make a big difference for first-time home buyers.
It's called the RateAdvantage Home Loan...offered by the State of Oregon, with a low, low rate of 3.625%. This interest rate is fixed for the life of the loan, either 15 or 30 year term. FHA approval criteria are used, with a minimum 3.5% down payment. There is also a down payment assistance program with a slightly higher rate.
There are people who think no money is available in this program. I've … (0 comments)
Read the headlines and the home ownership rate is now the lowest since the 1957, or the lowest in 20 years, or the lowest since the late Jurassic period! There's been a regular parade of articles with some version of this headline. Sounds relevant to a Real Estate Broker who needs to stay current with market trends to best advise clients. So I read 'em...but mostly for entertainment.
Yes, the home ownership rate has dropped significantly from the 2005 high, but that was an artificial high. In October, 1999, the Glass-Steagall banking regulations (enacted in the 1930's in response to … (0 comments)
Was your current home perfect when you moved in? But maybe you've outgrown it with kids, a spouse, pets, or a recent promotion. Now you're thinking about a bigger place...maybe a different neighborhood, or a different school district. Could you use another bathroom? If your quality of life is suffering, consider cashing out your increased equity and trading up to a larger home.
The first step is to consider a few things. Can you afford the move and are your finances in good shape? Can you sell your current house for … (1 comments)
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