Our Blog
Our blog is a great resource to help keep you in the know on the latest mortgage industry news and trends. Hear what our brokers have to say, first hand, and learn more about the industry from our experts.
Our Blog
Our blog is a great resource to help keep you in the know on the latest mortgage industry news and trends. Hear what our brokers have to say, first hand, and learn more about the industry from our experts.
Will There Be a Housing Market Crash in 2023?
If there is one thing you can count on in the real estate market, it is change. So, should we expect anything different in the coming year? No. But, do the rising mortgage rates, limited supply of homes for sale, and elevated home prices mean that there will be a...
Seeing Townhouses for Sale? Is it Right for You?
The National Association of REALTORS® defines a townhouse as a single-family home with at least two floors that share a wall with another house. You’re correct if you think this sounds a lot like a condominium. However, the two property types have small but...
Lot and Land Loans: What You Should Know
If you’re planning to build a new home, you have multiple options for financing the land and the home’s construction. Suppose you’re ready to purchase a lot or land but are not prepared to begin construction. In that case, a bank or credit union may be a terrific...
3 Tips for Finding an Experienced Mortgage Lender
When you need help with financing to buy a home or refinance your current home, many people can help. But not all of them will have a lot of experience. Experience in mortgage lending is necessary because things can and do arise during the loan approval through...
What Does Contingent Mean in Real Estate?
Last year, 6.9 million homes changed ownership in the U.S. However, what is not as clear is how many home sale transactions fell through. It is not uncommon for a buyer to make an offer, the seller to accept the offer, but the property doesn't change hands. Why?...
Why You Should Use a Mortgage Payment Calculator
If you're planning to buy a home, you'll need to know how much you can afford to pay. An experienced mortgage broker can help you arrive at a budget. But, if you're not buying immediately, you may find an online mortgage payment calculator an excellent tool. So, what...
Reverse Mortgage Requirements for Renting Out Your House
If you’re considering renting out your house, but you have a reverse mortgage, you must ensure you understand your obligations. There are specific reverse mortgage requirements that must be met to qualify for a reverse mortgage. One of the requirements stipulates that...
Selling Houses with Reverse Mortgages
If you currently have a reverse mortgage and want to sell your home, it’s important to know what to expect. If you’re set to inherit a home that has a reverse mortgage, plan for the home to go through probate, which means you may need to contact a probate attorney for...
How Much Does It Cost to Build a House?
The past two years have seen a surge in home prices in Oregon and nationwide. With limited supply and high demand for homes, the typical value of a home in Oregon is more than $500,000. This marks a nearly 20% increase in home values in a single year. With rapidly...
Is an FHA Loan Right for You?
The mortgage loan used by many first-time homebuyers is an FHA loan. This type of loan is offered by approved lenders and is insured by the Federal Housing Authority (FHA). There are several reasons these mortgage loans are so popular with not only first-time...
