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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Escrow Holdback Season Starts NOW

OK! A strange phenomenon is taking hold of the Portland metro area real estate closing statments: ESCROW HOLDBACKS! Oregon is a little different in the way we collect our property taxes- we only do it ONCE per year, due in November. For all
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2010 Mortgage Rates Prediction

Ok, I’m just going to go out there and do it. This is what the internet is all about right? People getting out there and putting out opinion and information and hoping that it gets read. Perhaps I could drive
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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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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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Closing Times: The Lifecycle of a Mortgage

Most folks in the biz are probably aware of this by now, but the Mortgage Disclosure Improvement Act is officially upon us. What this means in plain terms is that the loan process will take longer to accomplish now. There
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What is a Mortgage? (Probably more than what you think)

Time to break things way down.  Let’s deconstruct what exactly it is we’re dealing with here in the mortgage industry.  I’ve been in the mortgage loan game since 2003 and it never ceases to thrill me when we close and
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The Home Valuation Code of Conduct

Well, its finally here. the HVCC! (it stands for Home Valuation Code of Conduct) What does this mean? Well it means that all mortgage companies can NO LONGER order their own appraisals for Conforming mortgages. This is NOT a law,
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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.