Archive for the Business, Finance, Mortgages, Taxes Category

Can You “Save” Your Way to Retirement?

March31
Gotye - "Save Me" "Save your money"!!  If that rings in your ears also, your parent were as concerned as mine!!  Also, "don't lend or borrow money".  Ok,  I learned a LOT from my depression-era-survivor parents when it comes to budgeting.  They made some really smart parenting moves when it came to teaching us to respect hard work and respect the rewards that came from hard work.  I've made a lot of money, however, "borrowing" money and leveraging it into real estate investments (but, so did my Father).  So, I think they were trying to teach me some lessons about being in debt (eve… Read More

Property Inspection Addendums: “Do’s & Don’ts”

March25
Relax Don't Do It - Frankie Goes to Hollywood Some good ideas when composing your property inspection addendum.  This list is taken from Rodd Miller of Pacific Residential Mortgage, who can be reached at rodd.miller@pacresmortgage.com if you have other questions.  Basically, as a buyer you want to get the home you are attempting to purchase with as many items of concern addressed or negotiated prior to close of escrow without getting the lender involved in the process.  Why wouldn't you want the lender involved?  You do not want underwriting concerns generated by the lending instituti… Read More

March 2014 Portland Metro Real Estate Update

March20
A Medley of Songs about Spring “Spring has Sprung” (on the calendar anyway).  And, our real estate market has a spring in its step also.  February saw an increase in closed sales in the Portland metro region!  As a matter of fact, a 5.1% increase over January.  It was the best February closings since 02/2007!!!  And, remember that RMLS (regional multiple listing service) statistics record March 2007 as the “height of the market”!!  Inventory fell slightly to 3.9 months of inventory.  Portland area prices are still rising.  The average price of homes in February 2014 shows … Read More

Bi-Weekly Mortgages vs “Over-Paying” Your Mortgage!

March11
"I Dreamed a Dream" - Susan Boyle You may have received offers in the mail from various lending institutions regarding setting up a bi-weekly mortgage payment, thus, paying down your mortgage at a faster rate.  Of course, any way you can contrive to pay less interest and/or pay off your mortgage loan more quickly can be a good thing (but, not always, there are a lot of factors)(I believe it's a good financial move IF it's your primary residence; investment properties give a better ROI/return on investment by using OPM/other people's money)!!  Lending institutions will generally charg… Read More