Finance

April 6, 2018

This Isn't Your Parent's Interest Rate

Aren't you glad you don't have to pay what your parents probably had to pay an interest rate on a mortgage? Consider this, the monthly payment for a $300,000 house with a 4% interest is about $1500 per month. We've experienced these low-interest rates for several ...

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Posted in Finance
Sept. 18, 2017

The First Thing to Do If You Can't Make Your Mortgage Payment

You have used every last penny in your savings to continue to pay your bills, but you just are unable to continue to make your mortgage payments. Next month you will miss your payment so what do you do now?The First Thing to Do If You Can't Make ...

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Posted in Finance
May 11, 2017

Advantages to Paying off a Mortgage Early

We've discussed some of the negatives about paying off a mortgage early but how about the advantages?Advantages to Paying off a Mortgage Early

Well, there's the fact that you don't have to pay a mortgage anymore. That alone is a great advantage. You're probably paying anywhere from $1000 - $3500 a month on ...

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Posted in Finance
May 11, 2017

Should I Pay Off My Mortgage Early?


This might seem like a 'duh' question but there are actually pros and cons to paying off a mortgage early. Are the reasons right for you to hang onto the mortgage or to pay it off early? disadvantages to paying off a mortgage

Paying off a mortgage can be a huge weight off your shoulders ...

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Posted in Finance
March 7, 2017

FHA Makes it Easier to Qualify for a Home Loan

We're always on the lookout for new mortgage rules, changes in anything that will help potential home buyers. These new rules by Fannie Mae may allow more borrowers to qualify for a home loan or mortgage. This change is aimed at credit-worthy lower income and minority homebuyers.FHA Makes it Easier to Qualify for a Home Loan

 Fannie Mae recently ...

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Posted in Finance
March 7, 2017

How to Come Up With a Down Payment

Coming up with a down payment for your first home may seem difficult but there are several ways to get that down payment. If you're going for an FHA loan you may not only need 3.5% of the value of the house. A conventional may need up to ...

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Posted in Finance
Nov. 20, 2016

5 Questions to Ask Before You Refinance

Considering a refinance? It's a great option for a variety of reasons; lower term, lower price or pull money out for remodeling or other necessities. Refinancing means you are paying off the old loan and taking out a completely new loan. This means that you'll need to apply ...

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Posted in Finance
Nov. 16, 2016

Facts About FHA Loans in Portland

There are tons of myths about FHA home loans and because of this, many people misunderstand this loan program. However, knowing some of the basics behind this loan program can help you understand it better. These facts can help you understand what an FHA loan has to offer you compared to a conventional loan ...

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Posted in Finance
Nov. 11, 2016

Portland Residential Services

When the time comes to buy a house the next obvious step is financing. If you're like most people in America, you can't simply hand over several hundred thousand dollars so a home loan is typically the next step. Whether you have already found a home or just ...

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Posted in Finance
Oct. 24, 2016

How to Get Started with a Mortgage Modification

A mortgage modification is a good step of action to take and possibly the best hope for homeowners facing foreclosure on their home. The way that a modification is prepared for through the application process will have a large impact on the success of approval of modification. Here are five ...

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Posted in Finance