Archive for the ‘mortgage’ Category

Tips for Selling Your Portland Home!

                           

What are Closing Costs?

Good question!  If you are looking into buying or even selling, you will have to deal with closing costs.  So what are they?  In short they consist of a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate […]

10 Questions to Ask your Lender

1. What are the most popular mortgages you offer? Why are they so popular? 2. Which type of mortgage plan do you think would be best for me? Why? 3. Are your rates, terms, fees, and closing costs negotiable? 4. Will I have to buy private mortgage insurance? If so, how much will it cost, […]

Five Big Banks agreed to a Deal. Is it enough?

Likely many of you have heard about the deal reached last week between the Governement and the five largest banks. President Barack Obama made a speech last Thursday where he spoke about the housing crisis and his new settlement that will “speed relief to the hardest hit homeowners and some of the most abusive practices […]

Interest Rates Hit New Historic Lows….Again!

It was just about a month ago when Mortgage interest rates hit their lowest percentages ever. And now it’s happening again! Mortgage rates for mortgages fell this week, with the current average rate borrowers were quoted at 3.71 percent, down from 3.73 percent at this same time last week. And in Portland it’s even better! The […]

How to Choose a Mortgage Person

Buyers always ask me how they should choose a lender/broker. It is so important that the team of people you work with while buying a home is one you can count on and one that does their best for you. This article from Trulia explains it well. One thing it doesn’t mention that I want […]