Archive for the ‘Springfield Oregon’ Category

Do you know the ins and outs of mortgage lending? Do you know the difference between an FHA and an FmHA loan? Do you have a trusted advisor to help you buy your new Eugene or Springfield home? Have you been disappointed with the knowledge base of those you have talked to about a loan in Cottage Grove or Creswell or Florence? Read More

I have posted answers to questions about mortgage items in the past and today, I have chosen one that is interesting to me and hopefully to others. This one has to do with a jointly held mortgage when the people are no longer joint. This can happen anywhere, not just in the Eugene/Springfield Oregon area. Here is the question: Read More

Market forces determine interest rates. Mortgage Backed Securities (MBS) are a great indication of what is happening with the mortgage interest rate market. A Mortgage Consultant that doesn’t keep track of the Bond (MBS) market is not doing the job for his clients, the home buyer. Read More

Those that follow my post know that I refinanced last year with Taylor Bean and Whitaker (TBW) on a VA ARM. It was shortly after that TBW was closed by HUD for problems with their lending policies. My loan was taken over by Bank of America and I had some difficulty finding out what to do with my payment. Now it is tax time and I, like many others, am wondering where my 1098 showing interest paid is from TBW. Read More

Statistics are interesting things. One of my favorite sayings is that, “Figures never lie, but liars figure.” I don’t know who said it, but it is really true. Now, I don’t know if these figures are the ones that never lie, or are done by liars, but I found them quite interesting when thinking about how people in the Eugene and Springfield area of Oregon buy homes. Read More

Mortgage rates, mortgage rate, mortgage rates! What is going to happen? According to the Federal Reserve Survey, mortgage rates are 1% lower today than they would have been because the Fed has been purchasing mortgage backed securities (MBS). That all stops the end of next month. Read More