Eugene Loan Guy

Archive for the ‘Bank Owned properties’ Category

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 just read an interesting article by Thomas Oliver in the Atlanta Journal Constitution about how Realtors®, Mortgage Bankers and Mortgage Brokers were all in favor of extending and/or expanding the First Time Home Buyer (FTHB) Tax Credit. I agree, I think extending it is a great idea. I think expanding it might be helpful, but am concerned about the increasing cost and am withholding judgment on that one. Read More

The list of key people keeps rolling out as we look at who is there to help the Oregon First Time Home Buyer with one of the most important transactions in their financial life, their first home purchase. This time, I am going to talk about the home inspector. And since I haven’t found any home inspectors that have been publishing on the internet regularily from the Eugene/Springfield area, I am going to give you links to some that have impressed me with their knowledge and willingness to share that knowledge in other areas. Read More

This question still seems to be bugging a lot of people. If you listen to Realtors® or mortgage lenders (like me) or builders, or a myriad of other pundits, it is the ideal time to buy a new home in Eugene or Springfield or Cottage Grove or Creswell or Veneta or Florence or Oakridge or any other town or city in Oregon. Overall, it think that they are right, however, in some cases, now is not the time to buy a new home. Read More

Eugene, Springfield and Lane County First Time Home Buyers are running out of time to take advantage of the First Time Home Buyer Tax Credit of $8,000. I have said it several times, and if you don’t want to believe me, take a look at what CNN Money has to say, exactly the same thing, maybe with a bit more urgency, in their recent Special Report. Read More

As part of the Alpine Million Dollar Stimulus Challenge, the first three First Time Home Buyer (FTHB) seminars have been scheduled to give prospective borrowers a chance to find out the programs that are available to help them with the process of finding and closing escrow on a home prior to the November 30, 2009 cutoff for the FTHB Tax Credit. Unfortunately, the program is currently set to expire at midnight on November 30 and that means that any purchases to qualify for the program must be closed and funded prior to that time limit. Read More