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	<title>Eugene Loan Guy &#187; FHA cash out refinance</title>
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	<description>Eugene and Springfield&#039;s Source for Real Estate Mortgage Loan Information -- a FHA/VA/USDA Loan Specialist</description>
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		<title>Real Estate Update &#8211; &#8220;Making Home Affordable Program&#8221;</title>
		<link>http://eugeneloanguy.com/2009/04/01/real-estate-update-making-home-affordable-program/</link>
		<comments>http://eugeneloanguy.com/2009/04/01/real-estate-update-making-home-affordable-program/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 21:50:28 +0000</pubDate>
		<dc:creator>Fred Chamberlin</dc:creator>
				<category><![CDATA[Eugene Oregon]]></category>
		<category><![CDATA[FHA Mortgages]]></category>
		<category><![CDATA[First Time Home Buyer Tax Credit]]></category>
		<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[Lane County Oregon]]></category>
		<category><![CDATA[Mortgage Loans]]></category>
		<category><![CDATA[Springfield Oregon]]></category>
		<category><![CDATA[VA Interest Rate Reduction Refinance Loan]]></category>
		<category><![CDATA[FHA cash out refinance]]></category>
		<category><![CDATA[home value]]></category>
		<category><![CDATA[lower rate]]></category>
		<category><![CDATA[making home affordable program]]></category>
		<category><![CDATA[Mortgage Rates]]></category>
		<category><![CDATA[refinance]]></category>
		<category><![CDATA[VA cash out refinance]]></category>

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		<description><![CDATA[Here we are, well into a new year and an economy that leaves some things to be desired. Although I am seeing an increase in home purchases, especially for first time home buyers from the Realtors® that I work with, the decrease in home values is still troubling to say the least when working on refinance transactions for my past clients. In too many cases, the value of the property has gone down and getting a refinance done has been significantly harder. I have to think the reason the purchases are up has to do with low rates and the first time home buyer $8,000 tax credit.<p><a href="http://eugeneloanguy.com/2009/04/01/real-estate-update-making-home-affordable-program/">Real Estate Update &#8211; &#8220;Making Home Affordable Program&#8221;</a> is a post from: <a href="http://eugeneloanguy.com">Eugene Loan Guy</a></p>
]]></description>
			<content:encoded><![CDATA[<p class="MsoBodyText" style="margin: 0in 0in 12pt;"><strong style="mso-bidi-font-weight: normal;"><span style="font-size: 13pt; color: #002060;"><span style="font-family: Times New Roman;">Here we are, well into a new year and an economy that leaves some things to be desired. Although I am seeing an increase in home purchases, especially for <span style="background: yellow; mso-highlight: yellow;">first time home buyers</span> from the Realtors® that I work with, the decrease in home values is still troubling to say the least when working on <span style="background: yellow; mso-highlight: yellow;">refinance</span> transactions for my past clients. In too many cases, the value of the property has gone down and getting a refinance done has been significantly harder. I have to think the reason the purchases are up has to do with low rates and the first time home buyer $8,000 tax credit.</span></span></strong> <a href='http://eugeneloanguy.com/2009/04/01/real-estate-update-making-home-affordable-program/' rel="nofollow">Read More</a></p>]]></content:encoded>
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		<title>Want to refinance to a lower interest rate? Can YOU?</title>
		<link>http://eugeneloanguy.com/2009/01/15/so-you-want-to-refinance-to-a-lower-interest-rate-can-you/</link>
		<comments>http://eugeneloanguy.com/2009/01/15/so-you-want-to-refinance-to-a-lower-interest-rate-can-you/#comments</comments>
		<pubDate>Thu, 15 Jan 2009 20:22:42 +0000</pubDate>
		<dc:creator>Fred Chamberlin</dc:creator>
				<category><![CDATA[Eugene Oregon]]></category>
		<category><![CDATA[Lane County Oregon]]></category>
		<category><![CDATA[Mortgage Loans]]></category>
		<category><![CDATA[Springfield Oregon]]></category>
		<category><![CDATA[credit score]]></category>
		<category><![CDATA[FHA cash out refinance]]></category>
		<category><![CDATA[financed property limit]]></category>
		<category><![CDATA[home value]]></category>
		<category><![CDATA[investment property]]></category>
		<category><![CDATA[lower rate]]></category>
		<category><![CDATA[Mortgage Rates]]></category>
		<category><![CDATA[refinance]]></category>
		<category><![CDATA[VA cash out refinance]]></category>

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		<description><![CDATA[Can you get a loan? Consider the following. You bought your home two years ago for $200,000 and put $40,000 down on it with a 6.5% interest rate. Your principal and interest is $1,011.31 per month and now you owe $156,304 against it. Today, it is worth $190,000 and 80% of that is $152,000 so to refinance it without mortgage insurance, you would be bringing about $10,000 +/- in to closing. To get the $10,000 back, will take you more than five years and do you have that cash available? With mortgage insurance, your payment will be $73 less, so payback in about 7 ½ years. 

<p><a href="http://eugeneloanguy.com/2009/01/15/so-you-want-to-refinance-to-a-lower-interest-rate-can-you/">Want to refinance to a lower interest rate? Can YOU?</a> is a post from: <a href="http://eugeneloanguy.com">Eugene Loan Guy</a></p>
]]></description>
			<content:encoded><![CDATA[<p class="MsoNoSpacing" style="margin: 0in 0in 0pt;"><span style="font-size: 14pt; color: #002060; font-family: &quot;Arial&quot;,&quot;sans-serif&quot;;">Yesterday I posted about “<a href="http://eugeneloanguy.com/2009/01/14/to-refinance-or-not-to-refinance-that-is-the-question/" onclick="return TrackClick('http%3A%2F%2Feugeneloanguy.com%2F2009%2F01%2F14%2Fto-refinance-or-not-to-refinance-that-is-the-question%2F','just+because+you+can+refinance+your+mortgage%2C+should+y')">just because you can refinance your mortgage, should y</a>ou.” Today, I want to touch on another question and that is, “Can you.” I got a call yesterday from a person that wanted to know what the rate was for a refinance. That was it, no lead in, no information from her, just, what is the interest rate? When I told her that I needed information to be able to give her information her response was that the other people she talked to didn’t ask any questions.</span> <a href='http://eugeneloanguy.com/2009/01/15/so-you-want-to-refinance-to-a-lower-interest-rate-can-you/' rel="nofollow">Read More</a></p>]]></content:encoded>
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