Mini Mortgage Questionaire
Posts By Dustin Hughes
After the bubble burst on subprime loans in the wake of the mortgage meltdown of late 2007, loans backed by the Federal Housing Administration (FHA) became the de facto “go-to” instrument for anybody seeking to secure a mortgage with a low down payment and/or less than stellar credit. However, being the “low-down-payment-imperfect-credit-go-to-lender” comes with a [...]
There are some possible upcoming changes that may affect Portland, Oregon home buyers looking for FHA financing.
With capital reserves falling below acceptable levels, FHA is now considering a variety of ways to address the growing issue.
I put together the following video to provide a fun and educational look into what those changes might be:
FHA has [...]
One of the most common questions I am asked when speaking with my FHA buyers is, “How much home can we afford?”. Getting pre-approved for a home loan depends on a variety of factors like, your credit rating, current monthly expenses, down payment and interest rate.
Now, just because your lender pre-approves you for a particular [...]
No doubt about it… the market for first time homebuyers has heated up. With interest rates hitting a 3 month low this week and the $8,000 tax credit set to expire at the end of November, this may be the perfect time to get off the fence and into a home. Two of the hottest loan [...]
Life happens! There you are living your life, working hard, doing your part to be a good member of society and suddenly chaos and uncertainty have moved in to your spare bedroom and are making themselves at home. Maybe you experienced a job lay off, perhaps you went through a painful divorce, or it could be [...]
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