Posts Tagged ‘eugene/springfield oregon’

I recently wrote an article about the top ten reasons to become an Oregon first time home buyer and I haven’t changed my mind about the reasons that it is a good idea to buy your first home in this market. With the real estate market the way it is, it is almost a fiscal mistake not to buy a home if you are capable. Real Estate year over year has been a outstanding investment while also performing its primary duty of offering shelter to the home buyer. Combine that with the $8,000 First Time Home Buyer tax credit and it really is a great buying season. Read More

I just wanted to announce my new Blog Heading. I think it is really awesome. For those of you that are familiar with OREGON, you will recognize the Three Sisters, a truly unique Oregon feature. For those of you that aren’t, welcome to the beauty of my home state. Oregon has many natural beauties, from the Cascade Mountains to the Eagle Cap Wilderness Area, mountains are fantastic guardians of our state. Also, on out western edge, the Pacific Ocean offers unbelievable scenic opportunities Read More

The biggest problem that most first time home buyers have is coming up with the down payment. I have posted several times in the past various ways to get the down payment together, but it has still been out of the reach of some people. Now, that could change. The First Time Home Buyer Tax Credit is going to be available for the down payment on FHA loans in the near future, according the the Secretary of HUD. Read More

The $7,500 First Time Home Buyer Tax Credit will most likely be going under re-organization as a result of the Stimulus Bill that is expected to pass and be signed into law as early as this weekend. Although details regarding the tax credit have been a bit sketchy, in what has been released so far, the tax credit has been scaled down to $8,000 from $15,000, or 10% of the value of the home for any first time home buyers who purchase homes from the start of the year until the end of November. For couples with incomes above $150,000 and single filers with incomes above $75,000, the program starts phasing out.  Buyers will have to repay the credit if they sell their homes within three years.  There are still a lot of details about this plan to be released. Read More

All of us involved in mortgage lending want the Real Estate market to turn around. We want to see Eugene and Springfield homes selling. We want people to be taking out mortgages. But, we also want to have our clients well served by these loans, especially when working with first time home buyers in Lane County. Therefore, I want to suggest Cash Flow as a method of determining suitability. Interest rates and payments are important, but what about “Cash Flow?” Does being a homeowner make sense? Read More