Tag Archive | "oregon"
Lower Cost Oregon Reverse Mortgages Detailed
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.
Continue reading...Oregon Reverse Mortgages may be the Senior Retirement Answer
Tuesday, March 30, 2010
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.
Continue reading...Oregon FHA Loan Cost Goes Up April 5
Thursday, March 25, 2010
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.
Continue reading...Oregon HUD FHA FAQs for FTHB – Part 4
Thursday, March 25, 2010
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
Continue reading...Oregon HUD FHA FAQs for FTHB – Part 2
Tuesday, March 23, 2010
This is the second in a six part series covering FAQs, Frequently Asked Questions, hopefully to help the FTHB, First Time Home Buyer, make an informed decision about buying a home. Today we discuss grants and finding the right Real Estate Broker.
Continue reading...FHA UFMIP Increase Coming – Buy Eugene/Springfield Now!
Friday, March 5, 2010
FHA's Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Eugene/Springfield Oregon area will increase the current 1.75% to 2.25% on case numbers assigned after April 5. On a $200,000 loan FHA Mortgage Loan in Lane County, this is an additional $1,000 cost. Beating this deadline on a purchase will also qualify you for the First Time Home Buyer Tax Credit if eligible.
Continue reading...Oregon Reverse Mortgage key to Retirement Planning
Wednesday, February 24, 2010
A lot of Senior Citizens had great plans to retire when they were 60 but can't now due to their 401k nest egg shrinking dramatically. That is where an Oregon Reverse Mortgage can help with retirement planning
Continue reading...Deferred Property Taxes, Senior Citizens and Oregon Reverse Mortgages
Tuesday, February 16, 2010
Property tax deferrals for senior citizes will (probably) have to be paid if they are taking out an Oregon Reverse Mortgage. Additionally, if they close on an Oregon Reverse Mortgage after April 15, they will (probably) need to pay the current year’s property taxes also.
Continue reading...OREGON Neighborhood Stabilization Program up and running
Tuesday, November 24, 2009
One of the least talked about programs that is available to help people purchase a home in Oregon is the Neighborhood Stabilization Program (NSP).
Continue reading...Rules Change for Oregon FHA Streamline Refinances
Monday, September 21, 2009
If you have an FHA loan in Eugene/Springfield, OR you can get a lower rate with a FHA “Streamline” refinance with very little documentation or cash out of pocket. In this process, about all you had to do was prove you were current on your mortgage and a majority of the closing costs could be included in the new loan amount. That all changes 60 days from Friday with the new rules for the FHA “Streamline” refinance program though their mortgagee letter #2009-32. Surprisingly, FHA actually wants you to be able to make your payment too
Continue reading...
Wednesday, April 28, 2010
0 Comments