Archive for the Getting a Mortgage Category

Short Sales Might Get Easier???? I’ll Believe It When I See IT!!

May11
"Falling Short" - Generation Song   Short-sales have been a challenge in our market for the last few years. New legislation is supposed to make it better. My personal experience is that, "I'll believe it when I see it"!! But, of course, I hope that it's true!! Here is an article from RisMedia: (MCT)—The short sale process could get a lot quicker starting this summer under new rules that will require lenders to respond to offers within a month. Fannie Mae and Freddie Mac, the nation’s two largest mortgage backers, will implement the guidelines on June 15. The changes requ… Read More

The History of Interest Rates (and Why You Should Care)!! :-)

May3
"Why Should I Care" - Diana Krall   These are some very revealing and interesting historical statistics on mortgage interest rates.  If nothing else dire happens in our very small one-world economy to "rock the boat", we may look back and see that this is the time span when the market (at least in Portland, Oregon) really began to repair itself.  I know we have a ways to go in completing our economic recovery and regaining some of our lost equity in housing but our local housing market is definitely changing!  We have a shortage of good inventory and a resurgence  of buying in… Read More

April 2012 Portland Metro Real Estate Update!!

April20
"Crazy" - Gnarls Barkley APRIL 2012 PORTLAND METRO REAL ESTATE UPDATE!!! Hi again…what, so soon???!!!  Yes, last month's update was late and so here I am again in your "in-box"!!!  What's happening in our real estate market???  It's a bit crazy, a "gold-rush"!  There is a lot of pent-up buying energy, mixed with some positive economic news, add in a dash of "close-to-bottomed-out-prices" (if not totally bottomed out), then stir with a hint of the possibility of interest rates rising and you have a "flambé" (I'm talking like I actually know how or have time to cook?).  Now, mont… Read More

A Visual of How Interest Rates Affect Mortgage Payments!

April18
[nggallery id=34] A simple one-percent increase in interest rates can have a dramatic effect on the payment.  Making a loan application and locking in the rate are key strategies to keeping your payments as low as possible. Call me (503-709-0802) or write (jj@janeesejackson.com ) and I’ll help you make an appointment with a mortgage professional.  We will form a partnership to find your new home or investment!!… Read More
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