Today we have two homes in La Pine that are in the NSP area. Remember that the NSP gives you 20% more buying power with no payment or interest until you refinance or sell the property. These homes are the homes available as of 10/28/11 in the area that qualifies for NSP loans. If you […]
The Neighborhood Stabilization Program (NSP) is back for selected areas in both Redmond and La Pine, Oregon. The NSP allows a buyer after going through a specific program a second loan on the purchase of a bank owned home.Thesa Chambers, 541-771-7064
In the last couple weeks we have started to see some interesting things with the real estate markets in Central Oregon. Several times, in the last 2 weeks I have had a buyer ask for information on homes in a specific area, at specific price ranges. The lists are getting much smaller than we have […]
Many times a buyer will find the perfect home and it just needs a some fixes – these home can be purchased with a 203k FHA loan. Although these loans can be tricky and the buyer, agent, lender and yes even the seller should be aware of the process they can be done. Half the […]
Different loan programs have different requirements, but almost all allow for the seller to pay part or all of your closing costs. This is one of the many details you should discuss with your agent and your lender prior to writing an offer. This does have an impact on your offer and does need to […]
Many times a buyer will ask me how much they need to put down to purchase a home. The answer is not nearly as easy as you might think. There are several loan programs and different requirements for each loan product. The video below will discuss, FHA, VA and conventional financing. There are a couple […]
Wondering what Mortgage Insurance is? Simple and clear explanation along with a video created to let you the consumer know what you are paying for.
Did you know you can still obtain 100% financing? Most of Central Oregon falls into the areas allowed for a USDA home loan (with the exception of the City Limits of Bend). Although the funds are not always available it is a choice you should always talk to your lender about.
Understanding what your payment will include in home ownership, can and will make purchasing a home less frustrating and smoother in the long run. Being prepared as you start your home and loan search is the best advice anyone can give you. Give me a call, I can help prepare you for this exciting time of your life.
Although you may feel like you lost out on a bigger tax return, what would you do with that return? Most of you, if you were honest with yourselves, would spend it in less than a week. The new big screen TV, a newer car, a vacation or carpet for the new house. Am I wrong?