Archive for the Getting a Mortgage Category

July 2014 Portland Metro Real Estate Update!

"Summertime" - Norah Jones It’s Summertime in Oregon, when we enjoy some of the best weather on the planet!!! I’m a little late with this month’s market review, so I’ll keep this short and sweet. It’s been a busy month! In real estate, it’s more of the same, a “steady-eddy” market that seems solid, stable and reasonable. We are holding steady for the 3rd month in a row at 2.8 months of inventory.   BUYERS: What does this mean for buyers? The Federal Reserve officials agreed at June’s meeting to end their bond-buying program in October, putting an explicit end … Read More

Set Up Your Own Accelerated Mortgage Pay-Off Plan!!!

"Tighten Up" - The Black Keys This is a re-posting of an article written by Clark Howard, a nationally-syndicated consumer expert who shows consumers ways to save more, spend less and avoid getting ripped off. His radio show is heard every day on more than 200 radio stations throughout North America. Go to for more!   Have you received an offer in your mailbox promising that you could save $10,000, $20,000 or even $30,000 on your mortgage by getting set up on a bi-weekly payment plan? It sounds appealing, but there's a much smarter way to approach bi-weekly… Read More

Have a Low Down-Payment for a new Home? Paying Mortgage Insurance vs FHA Loans!

Private Eyes - Hall & Oates FHA or Federal Housing Administration insured loans are a government program backed by taxpayers.  PMI or Private Mortgage Insurance is the private sector alternative to FHA.  Both programs make it possible for people to buy homes with less than a 20% down payment. If you have a credit score of 620 or above or have more than a 5% down payment, PMI generally has lower premiums than FHA.  Also, with an FHA insured loan, you must pay the upfront costs for the life of the loan.  With PMI, some forms of this loan mortgage insurance will allow the borrower… Read More

May 2014 Portland Metro Real Estate Update!!

"In the Summertime" - Mungo Jerry Early summertime?  Don’t we wish!!??  But, we know that true summer doesn’t begin in Oregon until July 5th  J.  Our real estate market is anything but “wishful thinking”.  We are experiencing the usual expected “seasonal activity” with closed sales rising 15.4% over March 2014 and 0.8% over April 2013.  This makes it the best April for Portland Metro real estate since April 2007 (using our Regional Multiple Listing Service statistics, the height of our last market frenzy was March of 2007).  Our inventory is down to 2.8 months of active… Read More