Home Loan Mortgage Thoughts and Strategy - PDX Home Loan Team

buying a house with co-signers

Multi-generational living: buying a house with co-signers

Buying a house with family members as a 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
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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
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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,
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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 from the IRS this year! One of the things that popped out at me that I had always been curious
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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 of some kind of nebulous “bridge loan” program. Then I posted an article showing how this plan was Dead on Arrival. Now
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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 about bi-weekly payment programs?  Should you sign up for auto pay directly with your mortgage lender? There are lots of
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What is Correspondent Lending?

I’ll try to make this brief, because this is kind of a boring topic, but a very important one if you are in the real estate industry. There are a variety of ways that homebuyers access Mortgages, and its becoming
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Loan Modification: Buyer Beware

I am very dubious about this new “loan modification” industry that is cropping up nationwide. It would seem that some bright marketing minds that have been in the mortgage business for many years, are seeing an opportunity to be “where
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If your rate is above 4.5%

I’ve been hearing the radio ads just like everyone else, and our favorite breathless loan cheerleader has lately been urging you to call him “if your rate is higher than 4.5%”. I’m sure he would love to refinance you over
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Get Tax Credit Sooner Than Now!

I just read this blurb over the newswire and thought it merited a blogpost. Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow
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Sierra Pacific Mortgage Company, Inc. - NMLS 1788
ML: 1098221 Licensed in Oregon ML-460
& Licensed in Washington CL#1788
Not Licensed in New York

Sierra Pacific Mortgage May not be the lender for all products offered on this website. Some loans may be made by a lender with whom Sierra Pacific Mortgage has a business relationship.