Eugene Loan Guy

Archive for November, 2009

I don’t normally quote mortgage rates because it takes a lot of disclosure to do so and there are so many people out there that are quoting rates that they won’t deliver, but with the recent drop in the bond market, I am going to make an exception today. Today’s 30 year fixed rate for a conventional loan is at 4.500%/4.730% APR. Read More

Tomorrow is Thanksgiving and it often referred to turkey day which is unfortunate. Tomorrow is the day to reflect and be thankful for the blessings that we have. The people in our lives. The wonderful country we live in. And for me, a great job in an outstanding industry. Read More

One of my jobs as a Mortgage Advisor is to educate buyers and Realtors about some of the programs that are available to help people purchase a home. That is one of the reasons I have spent so much time on the First Time Home Buyer Tax Credit because it helps people that have bought their first home make some fix-its happen and gives them a cushion against emergencies. So, I am surprised when I find out that a particular program designed to help the housing industry is not played up as much as I feel it should be and that is the Neighborhood Stabilization Program (NSP). I am still finding people that have not heard of it. Read More

I am attempting to determine if a webinar for my readers to discuss the Home Buyer Tax Credit is a good idea. This venue will be presented so that people will have a chance to ask questions in a real time on line manner. The webinar would be informational in scope with a presentation of the program guidelines and a question and answer session at the end of the presentation. Right now, I am wondering if there would be the required audience for such a presentation.If you are interested in this sort of presentation, please take a minute and fill out the following form. I need to know that there is interest in this type of presentation before I take the time to set up the program and schedule the people that will assist in answering questions. I expect to partner with a Realtor and Financial Planner to make sure the proper information is available. Read More

NEDCO, the Neighborhood Economic Development Corporation, serving Lane and Marion Counties in Oregon will be celebrating 30 years of “innovative community economic development, neighborhood revitalization, and successful homeownership programs” in their new Springfield location in January, according to their most recent NEDCO NEWS. Read More

OK, according to the latest version of the Homebuyer Tax Credit, if you have owned a home consecutively for 5 of the last 8 years, you are eligible for a $6,500 tax credit if you purchase a new home, the move up buyer tax credit. In addition, if you haven’t owned a home for the previous 36 months, you are eligible for the $8,000 First Time Homebuyer Tax Credit. Read More