Portland Home Loan is super excited to roll out a new website and new offering to my clients and partners. I’m calling it “Transitions Finance”, and the focus is on debt management and personal finance planning. Some things that this service is NOT: Transitions Finance is NOT a debt consolidation service Transitions Finance is NOT …
Why is the loan approval process so difficult these days? Well, the answer is complicated. The truth is that the approval and funding process for a conforming, FHA, or VA, government insured mortgage has never been more complex since I’ve been in the business (since 2003). To get to the root of this issue we …
There are three new mortgage programs that are making waves in the mortgage world right now. To call them “new” is a bit bold – they are actually new rules for loan programs that have been around for awhile. It’s hard to believe, but the HARP (Home Affordable Refinance Program — thanks congress!) mortgage has …
I just came across this really cool tool on CNN Money.com. It only takes about 3 minutes to plug in the information, and its a good barometer for where you are at. *Full disclosure* – My grade was a B+. GET LINK HERE
We’ve had a stunning run here in the last 2 weeks with conforming 30 year fixed rates holding steady at around 4.75%. Now that the fist quarter is in the books we’ve got “earnings season”! This means that all the big public companies are going to tell their shareholders how much they made or lost. …
The PDX Home Loan team is proud to offer down payment assistance grants from the National Homebuyers Fund through what is called the “NHF Platinum” purchase program. Down payment assistance grants, also known as “DPA programs” were all the rage in the mid-2000’s. There were more than a few non-profit organizations who could insert themselves …
Q: How soon can you refinance a piece of real estate after you’ve bought it, if you acquired it with cash? A: The very next day! (maybe)- thanks to a quirky provision in the Fannie mae guidelines called “delayed financing”. Delayed financing is actually priced as “cash-out” money, and is restricted to the loan to …
Buying with cash and then refinancing it back: FNMA delayed financing Read More »
