Archive for the ‘First Time Home Buyer Tax Credit’ Category
I work with a number of outstanding REALTORs® in the Eugene Springfield area and have spotlighted a couple (though not officially) in previous posts but I am going to try something new and start a new series of Spotlights of REALTORs®. Today’s spotlight falls on Brita Arcuri, someone I have just started working with but has impressed me with her attitude and perseverance. I also enjoy her introduction video here:
Brita is a broker with Windermere Real Estate/Lane County one of the largest Northwest realty companies. She is also a Eugene Native and Oregon State (go Beavs) alumni. Her office is located near downtown Eugene and I know she would be happy to help you in your Real Estate needs. Her website also has several listings, one that is just right for me and my family and dogs (currently) at 3,100+ square feet. Ask her about this home, sure looks nice.
As for me, Brita is taking care of my client and making all of the right moves so she can have her own home. I look forward to getting everything together and helping our customer. I am here for anyone wanting assistance in purchasing their first home (like this client) or their 15th home. You can contact me at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401, 541-342-7576/541-221-3455 or by e-mail. Time is running out for the Home Buyer Tax Credit, so now is really the time to buy.
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.
Is $1,000 enough of an incentive to make that offer you have been considering? Does the fact the First Time Home Buyer (FTHB) Tax Credit or $8,000 runs out the end of April cause enough of a sense of urgency for you to make that offer today on that home you are looking at?
All in all, it is the right time to buy. Prices are down. Rates are low. Tax credits are available. Mortgages are affordable. I can’t see this lasting forever. Rates and prices will have to go up. We already know the UFMIP will be going up and that is certain.
An Oregon retail giant (Tom Peterson) used to say, “Come see me today or I can’t save you any money.” That is true today. Let’s get together and find out if it is the right time for you to become an Oregon home owner. Call me at 541-342-7576/541-221-3455 cell or e-mail me. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401.
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.
Fence sitting isn’t going to work much longer. Don’t lose out on the Tax Credit. It is up to $8,000 for First Time Home Buyers and up to $6,500 for “move up” buyers. This tax credit will not likely be renewed. Homes are available and sellers are willing to negotiate. Rates are low. What are you waiting for?
To find out if you qualify for either of these programs, give me (Fred Chamberlin) a call at 541-342-7576/541-221-3455 cell or by e-mail. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am your local lender. Call today.
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?
Not everyone has the knowledge to help you with finding the right loan for you. Not everyone has the skills to make a borderline loan work. Not everyone is willing to take the take to help you get to the point where you can become an Oregon home owner. I believe I can and do on a daily basis.
I am Fred Chamberlin and have been a mortgage consultant for over 20 years, most of it in the Eugene/Springfield area. I have many satisfied and happy clients around the state and would like to help you in your quest for the right mortgage loan. I am always looking forward in the mortgage business because things are changing rapidly, not like some of my colleagues that seem to be looking in the mirror (like below) instead of working through the next challenge:
The mortgage business is TODAY! Yes, there are a lot of changes but that is why you need someone that is on top of the changes. I am not telling you that because of what I did yesterday, you should come to me for your mortgage needs. I am telling you that because of what I am doing tomorrow, you should come to me for your mortgage needs.
Find out today what you can afford to purchase. Get pre-approved before you start looking for your new home. FHA and FmHA (USDA) is a great way to purchase a home but have the experienced help you need to get it done. You can reach me (Fred Chamberlin) at 541-342-7576/541-221-3455 cell or by e-mail. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am your local lender. Call today.
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.
The purchase of MBS by the Federal Reserve has had a beneficial effect on interest rates, just as planned when the Fed outlined the program. Please take a look at this video to see more about what is happening affects interest rates:
I especially appreciate the warning about watching the media for information about what is happening with interest rates. I can’t tell you how many times I have gotten calls from people asking me about what they had heard about interest rates going down, about a week after it had happened and after the rates had started back the other way. The local and national media report on past events and not really great about responding to what is happening right now in financial markets.
I am Fred Chamberlin, the Eugene Loan Guy keep my eye on all of the financial markets for my clients. I would be happy to answer your questions about what is happing currently on the bond market as part of my service. If you have questions about mortgage loans please contact me at 541-342-7576/541-221-3455 cell or by e-mail. I am a Senior Mortgage Advisor at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am here to help you with your mortgage needs.
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.
The 2009 National Association Of Realtors Profile Of Buyers And Sellers report was released in December 2009 and it showed that:
- 90% of home buyers used the Internet to help find their home
- 78% of buyers purchased through a real estate agents
- 85% of sellers used an agent to sell
The big deal about these stats is the previous year profiles that show the growth of the web and how it plays an ever increasing role in how buyers shop. In 2008 those using the web to find a home was 87%. Prior to that it was 84%, and it shrinks little by little the further back you go. (This figure was 2% in 1995.)
Each year more people are using the web to shop for a home. If you aren’t a presence on the web as a Realtor®, that means that only 10% of the buying public will probably see your information. If you aren’t partnered with a loan officer that has a web presence, you are missing out on the opportunity to share leads and referrals from the web.
How do you, as a Realtor® find out if your loan officer has a presence on the web? Try searching either through Google, Bing, or Yahoo. What kind of homes do you mostly market and what is your clientele? Do you specialize in FHA borrowers in Springfield? Try searching for FHA Loans in Springfield. Do you specialize in $1,000,000 homes on College Hill? Try searching for that. Find someone with the web presence that is complementary to your focus and see if they know their business. How about homes in Creswell or Cottage Grove that qualify for USDA financing? What will your search results be for that one? It really is time to take the web marketing to the right point for your business.
Needless to say, I am hoping that some of those searches bring you to me(Fred Chamberlin, the Eugene Loan Guy). I would be happy to help you with your web presence as part of my service. If you have questions about mortgage loans please contact me at 541-342-7576/541-221-3455 cell or by e-mail. I am a Senior Mortgage Advisor at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. I am here to help you with your mortgage needs.