Eugene Loan Guy

Archive for May, 2009

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I recently wrote an article about the top ten reasons to become an Oregon first time home buyer and I haven’t changed my mind about the reasons that it is a good idea to buy your first home in this market. With the real estate market the way it is, it is almost a fiscal mistake not to buy a home if you are capable. Real Estate year over year has been a outstanding investment while also performing its primary duty of offering shelter to the home buyer. Combine that with the $8,000 First Time Home Buyer tax credit and it really is a great buying season. Read More

Foreclosures and bank owned properties are getting a lot of play in the media right now and many buyers are focusing on these properties, along with short sales while trying to find a great deal on a house. For a change, I want to switch my focus from the buyer (the one I deal with) to the seller because I think there is some erroneous information out there about the difference between a foreclosure and a short sale as it concerns the owner of the property. Read More

Have you read the 5 secrets to getting an Oregon FHA mortgage loan for home ownership published by HUD? There’s a secret out there about FHA mortgage loans that HUD wants you to know about. It’s so secret, that they published an informational brochure but didn’t tell anyone about it. Read More

I just wanted to announce my new Blog Heading. I think it is really awesome. For those of you that are familiar with OREGON, you will recognize the Three Sisters, a truly unique Oregon feature. For those of you that aren’t, welcome to the beauty of my home state. Oregon has many natural beauties, from the Cascade Mountains to the Eagle Cap Wilderness Area, mountains are fantastic guardians of our state. Also, on out western edge, the Pacific Ocean offers unbelievable scenic opportunities Read More

The biggest problem that most first time home buyers have is coming up with the down payment. I have posted several times in the past various ways to get the down payment together, but it has still been out of the reach of some people. Now, that could change. The First Time Home Buyer Tax Credit is going to be available for the down payment on FHA loans in the near future, according the the Secretary of HUD. Read More