Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance ... » Learn More about There’s No Reason To Panic Over Today’s Lending Standards
Home For Sale
SOLD! HOME FOR SALE– 583 McCall Way Philomath Oregon
Open concept floor plan with vaulted ceilings. Wonderful single level 3 bedroom/2 bathroom home with spacious open feel back yard with large patio. Center island in kitchen with wood top. Updates include all floor coverings, solid interior passage doors, light fixture/fans in secondary bedrooms, ... » Learn More about SOLD! HOME FOR SALE– 583 McCall Way Philomath Oregon
How a Change in Mortgage Rate Impacts Your Homebuying Budget
Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief ... » Learn More about How a Change in Mortgage Rate Impacts Your Homebuying Budget
Why You Should Think About Listing Prices Like an Auction’s Reserve Price
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how ... » Learn More about Why You Should Think About Listing Prices Like an Auction’s Reserve Price
What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough ... » Learn More about What Credit Score Do You Need for a Mortgage?