RECENT BLOG POSTS
0
Comments
3.9% of Oregon's 1st mortgages were at least 30 days late and 1.3% of Oregon homes were in foreclosure in the 3rd quarter of 2008 according to an article in today's Oregonian, More Oregonians late on Mortgages by Ryan Frank. While these are alarming figures, the upside is that we are still doing ...
12/06/2008
2
Comments
Financial Destination, Inc has made it easier than ever to take advantage of all it has to offer. For Clients: It is now just $14.95 to join any of the packages. The monthly amounts remain the same. Basic - $34.95 Preferred - $59.95First Class - $129.95 FDI's services help clients turn their debt...
12/04/2008
HUD has recently posted a frequently asked questions regarding the use of a Reverse Mortgage to purchase a home on their web site. As of January 1, 2009, Reverse Mortgages may be used to purchase a home by an eligible senior. Please keep in mind that the lending limit in Oregon, as well as the r...
12/04/2008
17
Comments
I'm sure that you have all had an appraiser tell you that your client needs additional fire alarms installed prior to signing off on the appraisal. I know this is especially true with Reverse Mortgages. While this alarm probably won't get by too many underwriters in the conforming or govt. lender...
09/24/2008
One of my primary lenders just issued new guidelines on how a property being converted from Primary Residence to Pending Sale, 2nd Home or Investment Property should be treated. These are quite a bit stricter then I've seen in the past and are probably indicative of things to come. If you are a R...
09/23/2008
0
Comments
Jack and Betty own a duplex that is completely paid off. At 79, Jack is still driving truck but is seeing a downturn in his income due to the economy. Last year they made over $90,000 between driving, a couple of pensions and SSR. They haven't rented out the 2nd unit in the duplex for a few years...
06/17/2008
1
Comments
Many seniors are finding themselves House Rich and Cash Poor. There just doesn't seem to be enough money left over at the end of the month, or they are having to tap into the principle of their retirement funds in order to enjoy a comfortable retirement. A Reverse Mortgage is a financial tool for...
06/01/2008
The slumping economy is now forcing baby boomers to move back with their parents, resulting in financial consequences for all. Some have lost jobs. Others are suffering the consequences of overextending themselves with larger houses then they could afford, real estate investments gone bad, or jus...
03/26/2008
0
Comments
102% Financing for Sherwood, Oregon. Guaranteed!! It is becoming harder and harder for a home-buyer to purchase a home, yet there are still many affordable homes if you have a down payment or the advantage of a program that helps you qualify for more home. Through a litle used federal government ...
03/26/2008
0
Comments
According to MarketWatch, "Sales of new homes in the United States fell to a 13-year low in February, dropping 1.3% to a seasonally adjusted annual rate of 590,000, the Commerce Department estimated Wednesday. Sales have fallen four months in a row and are off about 30% in the past year. The numb...
03/26/2008