Thinking about buying your first home? One of the biggest mistakes new buyers make is waiting too long to start the loan preapproval process — and it could cost you your dream home!
Tag: first time homebuyer
Navigating the Competitive Spring Housing Market in Portland
https://youtube.com/shorts/UCmsNheSkG8
Just yesterday the front page of our local paper highlighted the challenges buyers face in this competitive spring market. If you’re a home buyer, watch this short video for practical steps to achieve the best outcomes:
- Be Proactive with Home Loan Financing: Start with a thorough pre-approval. Submit all supporting income and asset documents to get fully pre-approved.
- Understand Your Affordability: Know your budget. You might need to offer above list price, so understand how this impacts your payments, closing costs, and cash needed for closing. Work with a lender who explains these options clearly.
- Evaluate Contingencies: Consider waiving the appraisal contingency or qualifying for a cash guarantee program.
Want to learn more about your options to win in this marketplace? Contact us today!
Q&A: How much house can I afford?
First-time homebuyers!
Curious about how much house you can afford? Watch this short video as I break down the art and science of determining your ideal home budget.
Learn about:
>Debt-to-income calculations
>The eligibility vs. suitability conundrum
>Personalized financial planning tips
Don’t miss out on expert advice tailored to your unique financial situation! Contact us today for a professional opinion on your home affordability.
Unlock Your Homeownership Dreams with Oregon Flex Lending!
Exciting News for Homebuyers in Oregon! Are you struggling with high interest rates and down payment challenges? Oregon Housing and Community Services has launched the Oregon Flex Lending Program to replace the old Oregon Bond Program.
This new initiative offers:
1. Down Payment Assistance: Up to 5% for both first-time and repeat homebuyers.
2. Flexible Use: Assistance can now be used for down payments, not just closing costs.
3. Subsidized Interest Rates: For those who qualify with their own down payment.
This program opens up new opportunities for many aspiring homeowners. Curious to learn more? Contact us today! ✨ Don’t miss out on this game-changing program!
Tips for Making Competitive Offers in a Hot Housing Market
3 tips to help you make competitive offers!
Spring is in the air and that often means buyers start picking up their home search again. With inventory being low put yourself in a good position so you’re able to beat your competition when you find the perfect home!
Why Now is the Best Time to Buy a Home | Chinese New Year 2024
Why Getting Pre-Approved for a Home Loan is Crucial
Deciding to buy a home is exciting and typically begins with simply looking at homes. BUT I bet you didn’t know that a very crucial step is being overlooked and could result in an offer not being accepted.
Winter is coming….
I know I’ve mentioned it before, but it’s worth sharing again. Let’s talk about how homebuying can be favorable in the wintertime.
Q4 Housing Outlook
Late Fall and Winter is a favorable time to look at houses! Learn more by watching this short video.
FHA Loan Refresher
I think there is a good chance that FHA loans are going to be utilized more in the coming years. Watch this video to learn more about what an FHA loan is and how it may benefit you.