Eugene Loan Guy

Most often I recommend clients take the 30 year fixed rate over the 15 because the difference in interest rate usually doesn’t make the shorter rate all that appealing, however, there are exceptions. Read More

Today is one of those days that I feel like expressing a bit of outrage at those websites that purport to give out information about mortgages and real estate loans that you have no idea who they are or what they are trying to do. Read More

I talk to people every day that are interested in seeing if it makes sense for them to refinance and sometimes I actually tell them no. I know that it is hard to believe but everyone that wants to refinance, should not do it. Read More

August 1, all loan officers have to be licensed through the National Mortgage Licensing System (NMLS) and the state they are doing business in unless they work for a national bank. So, if you are working with a loan officer you should find out if they are licensed. The NMLS now has an easy way to search for a mortgage company or one of its loan officers by using this link. Read More

Historical economic indexes suggest mortgage rates have not been this low since the late 1950’s. We are certain however, that mortgage rates are lower today than since Freddie Mac began publishing reliable records in 1971.
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Mortgage Rates have continued to trend downward as worries continue over the status of the economy. Although the Eugene/Springfield area has mostly stabilized, more distressed (foreclosures and short sales) are continuing to keep the real estate market low. So, we have bad news and good news as a result of this combination. Read More