Archive for the ‘First Time Home Buyer Tax Credit’ Category

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Starting with any new FHA case number assigned on or after April 5, 2010, the up front mortgage insurance premium (UFMIP) for all FHA loans in Oregon (except for Senior Reverse Mortgages) will increase from 1.75% to 2.25%. That means that on a purchase in Eugene with a $200,000 loan amount, the increased UFMIP will be $1,000. Read More

The Home Buyer Tax Credit will be ending shortly. The Eugene/Springfield, Lane County, Oregon real estate market has been benefited by the extension of the First Time Home Buyer Tax Credit and expansion to the “move-up” home buyers. Those tax credits are available to qualified buyers on accepted offers only until April 30 on purchases that close on or before June 30, 2010. Read More

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

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

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