My New Blog

So the massive $700 Billion bailout bill has passed congress.  Will it be enough to save the tetering economy from falling over the edge.  That remains to be seen.  The outlook is not great.  Confidence is low, jobs are getting more scarce, and noone seems to know what is around the next bend.  Mortgage rates are still hanging around at very low levels.  The Portland Real Estate market is seeing some small declines.  But we are still doing well compared to some markets like Las Vegas.

The bottom line is this:

People will still buy houses.  They always have, and they always will.  If you are ready to start looking, you can fill an application out online, and we can start working to get you approved for a home loan.

From what I have gathered over the past couple of weeks, bailing out the financial sector is very important.  Not only does it affect the real estate and mortgage areas of the economy, it affects us all.  Regardless of why they are in this position, if the financial institutions are allowed to fail completely, there would be no getting a loan, anywhere.  The economy would stop working correctly.  No lending, no borrowing.  I think we will better off not allowing that to happen.

Strangely enough, a downturn in the market helps mortgage rates.  When people flee the market, they often turn to bonds.  Increased demand in bonds, in turn reduces the bonds yield.  That helps reduce mortgage rates.  Needless to say, rates on mortgage loans in the Portland area are VERY LOW.

Portland Mortgage rates are down recently.  This is an illusion though.  Credit score requirements are way up, so the lower your score is, the more you have to add to the rate to get the home loan.  The problem is credit is getting more and more difficult to obtain.  Financial institutions are worried about handing out money, which is a problem, since that is what they do.  Since the lending limits were raised, they have to cover a broader market, extending the risk. 

The good news is: if you have been saving responsibly, and you are ready to purchase a new home, right now is an amazing opportunity to get that done.  The Portland Real Estate market is only slightly down, and the upswing is about to begin.  Give us a call and start down the path to home ownership!

It was bound to happen.  The United States economy is now showing that it remains one of the strongest in the world.  The Dollar is up, oil is down, and we are still kicking.  The rest of the world is starting to realize that the US is still the place to be.

If you have been waiting to make sure the economy is OK, to look for real estate, STOP.  Now is the time to purchase real estate in Portland.  We can help you with your mortgage / mortgages.  The market is starting it's march upward.  Get in now, and march forward with it.

www.zillow.com

This site is a wonderful resource.  I use Zillow to check the changes in value of properties throughout the Portland/Vancouver Metro area.  It has tools allowing you to create your own estimate of the value of your home, by entering the upgrades you have made, and what you think they are worth.  Check it out.  You will find yourself returning often.

Have a great weekend!

Are you tired of moving your furniture around trying to liven up a room?  Hung up a new painting, and still not satisfied?

Try a coat of paint!  There is no cheaper, easier, faster thing you can do to the interior of your home to completely change the feel.  Anyone can do it.

Have fun!

400 people were arrested on charges of mortgage fraud recently.  Please take the time to browse our site.  Read the news, take in information.  We put this site together so you can become an educated borrower on your own terms.  We want you to know what you are getting into, so you will know we are working for your best interests.

Enjoy the sunshine!!!!

So rates for mortgages in Portland are on the rise.  The dollar is slightly stronger and the Fed is probably going to raise rates to battle inflation.  The treasury bond is up.

If you have been waiting to purchase a home, now would be a good time to pull the trigger and buy.  Home prices are not likely to keep dropping in this area of the country, and with rates possibly having hit bottom, now may best your best opportunity to purchase or refinance your current mortgage.

Summer may finally be here, so get out there and find that dream home!

Wow.  Heading into the middle of June........still 55 degrees?  Come on already!  Rain everyday?  Please.  75 degrees and sunny cannot come soon enough for me.  The Portland Mortgage market should start to warm up as well.  No time like the present to contact us about financing. 

Have a great weekend!