Eugene Loan Guy

Posts Tagged ‘Creswell’

If you are a current homeowner in the Eugene/Springfield area, you probably don’t want to sell your home right now to buy a new, bigger home because it will cause them to lose money on that sale, right? So, what can I possibly say that would make you want to do that? Even if you really need a bigger place,  why would you want to take a loss on the one your live in? Read More

Almost done? You have been to closing and signed all of the papers with the escrow officer. Your Realtor® and Mortgage Advisor were probably both there to walk though the final steps with you. As a First Time Home Buyer you probably thought the process was extremely long and involved. The escrow officer gives you a list of the power company, cable company, garbage service, water and sewer so you are already to go, right? Read More

The person that you will probably never see as an Oregon First time Home Buyer but still plays an integral part in home purchase process is the Appraiser. It is possible that the mortgage advisor and/or the Real Estate Broker may also not see the appraiser as they do their job. 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

Next on the list of key people for the Oregon First Time Home Buyer are the Title and Escrow officers. In most places in Oregon, they work for the same company, but it is possible to have a title company and an escrow officer work for different companies. Also, some states use closing attorneys and there are still a few states where they use abstract of title instead of title insurance, Oregon is not one of them. Read More

Number three on the list of important people in a First Time Home Buyer purchase transaction is the Insurance Agent. Believe it or not, this is something that will need to be decided early in the procedure. The lender in any mortgage transaction will require a homeowner’s insurance policy (also referred to as hazard insurance).This policy protects the property in the case of fire, theft or other damage (except flood or earthquake, those are separate policies and may be optional.) If it is determined that the property that you want to purchase is in a flood zone, flood insurance is not optional, it is mandatory. The flood zone determination will be done with a “flood certification” from a third party provider. Read More