It is possible that now is the time to get started on this process, especially since some of the products are just now available and the rates are giving indication that an increase is happening.

As for the products, Desktop Underwriter (DU) just rolled out its new version that will underwrite HARP 2.0 refinances with unlimited loan to value.  Right now, I only have this available for Fannie Mae owned loans, but should be getting more information on Freddie Mac owned loans soon.

The great thing about the HARP 2.0 program is that it allows people with negative equity to take advantage of the historic low interest rates and refinance without concern for the current value of the property, leading to lower payments. The program is part of the drive for helping people stay in their homes.

FHA will be available for streamline refinance with lower mortgage insurance after June 11 and that will make some very major changes in refinancing FHA loans, no appraisal needed. VA will accept a streamline or IRRRL and there are even some lenders that don’t require an appraisal. Unfortunately, I am not one of those. USDA has a test program in effect for refinances that include Oregon properties. It is not currently available in Washington.

When choosing your lender, you have some choices. You can us your bank, a mortgage bank (like us) or mortgage brokers. Depending on your circumstances, any of these choices could be the right one for you. Give me a chance to see if I can earn your business, call me today at 360-682-6913/541-221-3455 cell or send me an e-mail. I am here to help you.

Time to refinance, programs and rate are changing is a post from: Eugene Loan Guy

The West Beach area have a number of vacation homes on it and just across the sound there are some amazing fishing areas with resorts. There are several people that have second homes in our area, also Camano Island and Fildago Island. My son and I are fishing in the Anacortes Derby the end of this month and we boat past a number of vacation homes in San Juan Islands, very beautiful islands.

One more idea for second home location could be Turkey. There are some gorgeous properties on this link, Property for sale In Turkey.  The location on the Mediterranean and Aegean Seas make this area fantastic, especially for sun worshipers. Spot Blue is an independent UK based property agent with offices in Turkey. Our Turkey property team specialize in land for sale, apartments and villas throughout Turkey, giving you a greater choice of Turkey Properties.

Wikipedia has this to say about Turkey:

Turkey is a democratic, secular, unitary, constitutional republic with an ancient cultural heritage. Turkey has become increasingly integrated with the West through membership in organizations such as the Council of Europe, NATO, OECD, OSCE and the G-20 major economies. Turkey began full membership negotiations with the European Union in 2005, having been an associate member of the European Economic Community since 1963 and having reached a customs union agreement in 1995.

It is an interesting area with some very beautiful scenery and places to visit. Maybe you should consider what it will take to make this happen. Travel broadens horizons and horizons get wider as you get around. Many psychologists from the top psychology schools would point out that traveling is very beneficial for your health as well. I have always wanted to visit the Mediterranean but my trips always took me the other direction. I have visited several islands in the Trust Territories and Guam, Japan, The Philippines, Republic of China, Thailand and several areas in Mexico. However, I also have several areas in the U.S. that I haven’t visited, including Alaska. Maybe in the days to come, I will relate some of my experiences in visiting the areas of the Pacific rim that I went to. I hope you find it all interesting.

I do handle financing for second homes as long as they are in Oregon or Washington. Call me today to schedule an appointment to discuss the requirements for a second home. You can reach me at 360-682-6913/541-221-3455 Cell.

Recreation, vacation rentals and second homes. is a post from: Eugene Loan Guy

According to Wikipedia:

Kalkan is an old fishing town, and the only safe harbor between Kaş and Fethiye; it is famous for its white-washed houses, descending to the sea, and its brightly colored bougainvilleas. It averages 300 days of sunshine a year.

Until the early 1920s, the majority of its inhabitants were Greeks.^[1] They left in 1923 because of the Exchange of populations between Greece and Turkey after the Greco-Turkish War and emigrated mainly to Attica, where they founded the new town of Kalamaki. Abandoned Greek houses can still be seen at Kalkan.^[1]

Since it has an average of 300 sunny days a year, be sure and pack plenty of sunblock. As more and more of my generation gets to be older, I am sure many will be looking for nice places to retire, hopefully one that has a reasonable cost of living also.

Many people over the next few years will be retiring. Those that want to stay in their homes can consider a reverse mortgage to assist them with their expenses over the years. Others may want to consider refinancing now while rates are low or even purchasing that second home on the beach they have been wanting. The current economy has made purchasing property a great deal. Interest rates are low, prices are low and the inventory is large.

Call me today and let’s see what is the best way for you to provide for your future and take care of the present. You can reach me at 360-682-6913/541-221-3455 cell.

Kalkan Turkey next on tour of the Med is a post from: Eugene Loan Guy