First off it is important to understand the difference between PreQualified and PreApproved.
PreQualified means a buyer has talked with a lender and said, 'I have good credit, I have this much money in the bank and I my monthly income is this, how … [Read More...]
According to the local multiple listing service, the average sales price in the Portland Metro area was up 13.5% year to date ($310,200). I am predicting that we will end 2013 with about a 12% overall increase. Inventory is low which is typical for … [Read More...]
NeighborhoodLIFT down payment assistance program provides eligible homebuyers with $15,000 in down payment assistance for the purchase of a primary, owner-occupied residence in the City of Portland. Income limits apply ($66,650 2 person household - … [Read More...]
Effective November 16, 2013, Fannie Mae is changing the LTV/CLTV from 97% to 95% on all conventional, HomePath® Mortgage* and My Community loans. Clients who have already pre-qualified for a Fannie Mae loan, depending on their closing date, they may … [Read More...]
2013 has been a great year for real estate recovery in Portland Oregon. So far this year, the average sales price is up 13.9% to $310,000. The all time high in August of 2007 was $337,400. We will end 2013 a bit lower than that because November an … [Read More...]