What is the best way to pay your mortgage?
So now you’ve got a mortgage. What is the best way to pay it? Should you make extra payments? What…
Loan Types
More Mixed Messages About $8k Credit
So I’ve posted links to press releases from HUD chief Shaun Donovan claiming plans to “monetize” the $8000 Credit in the form…
Refinancing an Option Arm = Tax Write Off Bonanza
I received a very welcome email from my main man Grant Folske CPA telling me that I will be getting a refund…
Two Portland Mortgage Success Stories
It has been a very busy time for us at Mortgage Trust. Rates are super low and holding steady, and the window for that $8,000.00 tax credit is fast closing. Affordability is rising across the board, and the annual end of summer real estate frenzy/climax is upon us. I wanted to take a moment to highlight …
The Difference Between New & Old FHA Rules
Just recently for Portland Home Loan, I prepared an analysis for 4 purchase scenarios on the same property. It is a purchase of $300,000 here in Portland, OR, and the 4 options are: – 5% down conforming – 10% down conforming, and – 2 FHA options One FHA option is the current FHA cost structure, which has been …
Multi-generational living: buying a house with co-signers
Buying a house with family members as co-signer can often improve your outcome! I recently had the privilege of advising a family in purchasing a home in Portland. My main borrower was a first-time home buyer, but he was assisted by his wife’s parents! The scenario was as follows: the wife was a …
Two Portland Mortgage Success Stories
It has been a very busy time for us at Mortgage Trust. Rates are super low and holding steady, and the window for that $8,000.00 tax credit is fast closing. Affordability is rising across the board, and the annual end-of-summer real estate frenzy/climax is upon us.
Low Rates and the Return of Private Mortgage Insurance (PMI)
Its happening again. Rates are tumbling and tumbling more. I read recently that avoiding closing costs in a declining rate…
Is it Possible to Buy Real Estate with Less Than 20% Down?
A realtor colleague of mine was recently relating his shock to me about how often he is talking to renters…
About to Get Buck-wild
Hey First time buyers…. Where will you be when the music stops? With the combination of new regulations that are…
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