Reverse Mortgages cost too much! Or at least that is the impression people have. We, at Oregon Reverse Mortgage Info, are doing something about that. We are no longer charging an origination fee for our Oregon Reverse Mortgages and instead will rely on the rebate paid by the lender as our source of income on the loans.
I recently found out that a record low of only 13% of seniors responding (in an Employee Benefit Research Institute survey) said they are very confident they have enough money to comfortably retire. Retirement assets may continue to shrink and entitlement programs may dwindle, many financial analysts intereviewed view Oregon reverse mortgages as one tool to help with retirement finances.
In testimony to the House Financial Services Subcommittee on Housing and Community Opportunity, David H. Stevens, Assistant Secretary of Housing for the Federal Housing Administration (FHA) voiced strong support of the reverse mortgage program. What happens there can have some major consequences to those Oregon Seniors contemplating an Oregon Reverse Mortgage in the future.
This is the sixth and final part of my series of FAQs for the First Time Home Buyer. Through this series, I hope it will help you make a more informed decision about buying a home in the Eugene Springfield Oregon area. Nothing is static in the lending world. Parameters change constantly. The Tax Credit will be leaving shortly. Rates could start up almost immediately and housing values could start back up. These are just the truths about the market. Is it the right time?
First Time Home Buyer FAQs are valuable in helping decide if it is the right time to buy a home in the Eugene Springfield Oregon area. This is the fifth in a six part series of questions and answers to help with that decision. Time is running out on the tax credit so I hope [...]
I am a Vietnam era veteran. I was stationed on Guam with the Air Force during much of the Vietnam War, 1966, 1968 and 1973 – 1976. The U.S. Air Force was flying almost constant bombing missions on Vietnam from Andersen AFB on Guam while I was there.
This is the final episode in my four part series about Eugene/Springfield VA Guaranteed Home Loan Frequently Asked Questions or FAQs. I hope you have found something valuable in the series and it helps you in your home mortgage search. A VA Guaranteed Mortgage Loan is not the perfect loan for everyone, but it is a great loan for many veterans that don’t have a down payment or have a limited down payment. This is part 4 of the series:
Starting on April 5, 2010, the up front mortgage insurance premium (UFMIP) for all FHA loans in Oregon will increase from 1.75% to 2.25%. That means that on a purchase in Eugene with a $200,000 loan amount, the increased UFMIP will be $1,000.
Answering questions about VA Loans can bring up some very interesting ones. Like, what happens if my prior VA Guaranteed Home Loan was assumed? Or, can I still buy a home in Eugene/Springfield and use my VA Home Loan benefit? That can be an tricky question and answer, check below for part 3 of the series:
If you are a First Time Home Buyer in the Eugene Springfield Oregon area and are thinking about making the plunge and buying your first home, this is the forth in a six part series that asks and answers many of your home buying questions. Please check the previous posts if this is your first time here.
*This is not an offer to lend. 
Obama Refinance Plan For San Jose Homeowners AnnouncedHome Affordable Refinance Program Update Harp 2 Bay Area San Francisco California March 2012 Guidelines for Purchasing a 3 to 4 Unit Property with FHA Financing in Alameda, CA8 Year Fixed to 30 Year Fixed. You Can Choose Your Loan Term In San Jose
