Eugene Loan Guy

Posts Tagged ‘Eugene’

Especially if you are a poodle. Read More

As is often the case, misinformation can make a wave when it shouldn’t be a ripple. I heard two people discussing today the ending the the Home Buyer Tax Credit. They were saying that it ended March 31, which is wrong. 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 until April 30 on purchases that close on or before June 30, 2010. Read More

The 2010 Good Faith Estimate (GFE) is drawing fire from the financial industry and interestingly enough, it is also the basis of HUD going after some lenders for not following the new rules. According to a recent column by Kenneth Harney, Washington Post, this is happening because lenders are sidestepping the new rules by not issuing a Good Faith Estimate and instead using “worksheets” and “loan scenario” forms according to Mr. Harney. Read More

I was reminded of the number of scammers out there yesterday when my cell phone rang and an automated voice told me that I was eligible for a lower interest rate on my credit card(s), all I had to do was press 9 and someone would help me. Now how do I know this was a scam? Well, I pressed 9 and after hearing the spiel from the guy on the other end, I asked if he was affiliated with my current credit company. His answer? Dead air until he hung up without a response. Read More

Interestingly, the Good Faith Estimate, a backbone of the mortgage industry, will be changing on January 1, 2010 with some very major changes, designed to help consumers compare loans from one lender to another. Very major changes but unfortunately, we still don’t know what all of them are or how they are being interpreted because HUD hasn’t released the final information yet. This is something that will have a direct bearing on your Real Estate transactions in the Eugene/Springfield area and is supposed to make shopping for a mortgage easier, but will it? Read More

NEDCO, the Neighborhood Economic Development Corporation, serving Lane and Marion Counties in Oregon will be celebrating 30 years of “innovative community economic development, neighborhood revitalization, and successful homeownership programs” in their new Springfield location in January, according to their most recent NEDCO NEWS. Read More