By Jason Boone As of today home buyers who choose FHA mortgages can expect to pay an upfront fee of 1.75% to the FHA and 1.35% for their Mortgage Insurance Premium. With home prices going up in Oregon and across the United States many Realtor’s and economists feel that FHA mortgages are becoming less affordable […]
By Jason Boone Over the last 12 months many home buyers with poor or subpar credit have been able to purchase homes in Bend and across the United States especially if they had credit scores under 680. Although there have been many opportunities for home buyers with low credit scores to purchase homes […]
Learn more about the Mortgage Choice Act and how it will affect you By Jason Boone The Mortgage Choice Act was recently passed by the U.S. House of Representatives on June 10 and everyone from the National Association of Realtors (NAR) to top listing agents across the United States applauded its passage but is this […]
By Jason Boone As a home buyer you have a lot of decisions to make ahead of you and one of the biggest decisions is should you choose a 15-year mortgage or a 30-year mortgage? Although many people will tell you by default that a 30-year mortgage is always the best mortgage to choose when […]
Mortgage interest rates in the United States fell for the second week in a row as more home buyers, especially those in Bend ventured out to start searching for homes once again. Thanks to recent statistics from Freddie Mac we know that the mortgage interest rate for a 30-year fixed loan fell to 4.27 percent […]
In March of this year the mortgage bankers association released its weekly applications survey which shows that mortgage applications have declined by 54 percent in the last year. What’s the cause for the decline in mortgage applications? According to the mortgage bankers association much of the decline in mortgage applications can be attributed to the […]
It’s no surprise that with the improving economy almost every part of the Real Estate market is going up including mortgage payments. In a recent report from RealtyTrac we know that mortgage payments rose 21 percent in the fourth quarter of 2013 to $865, from $714 in the fourth quarter of 2012, and that’s assuming […]
More American’s Are Getting Mortgages In Spite Of Stricter Regulations BEND – Thanks to a recent Fannie Mae Survey we know that more American’s than ever before are feeling optimistic about getting mortgage loans and that’s good news considering the fact that with more rules and regulations in the mortgage industry it’s been difficult […]
New Rules Set The Standard For Mortgages There’s no denying that the mortgage market has changed over the years following the collapse of the Real Estate market as the Federal Government has worked harder at protecting consumers and as of January 10th 2014 new mortgage rules are expected to be enacted that will change what […]
There’s no denying that the Bend Oregon Real Estate market is changing constantly, and 2013 has been a great example of this, since at the beginning of this year we had a sellers-market, thanks to rising home values, and high demand for homes, but now we are entering a buyers-market since there are traditionally fewer […]