It’s a new year and a new decade! In this video I review the Portland, Oregon housing statistics and what we should expect to see over the next 10 years. Hint, hint…. home-ownership rates and housing demand will likely increase!
Questions, comments? We would love to hear from you!
It’s a new decade! What can we expect interest rates to do? Watch this weeks video to learn more.
Mortgage rates are at their best in over a year. Does that mean you should refinance?
There are a few different factors that you need to consider before making the decision to refinance.
Watch this week’s video to learn more.
Questions or comments? Please reach out at www.swansonhomeloans.com OR 503.488.1808.
I’d be happy to help! Thanks!
Tired of paying rent and wondering if homeownership is right for you? There is no doubt that owning your home can significantly improve your financial standing in the long-term.
In fact, a recent survey showed that homeownership was a greater predictor of net worth than age or education (see HERE).
In this video I talk about some of the benefits and risks of owning a home:
If you’d like to learn about your options for buying a home in a no pressure environment please contact me today to schedule an initial conversation.
Thanks!
Have you found the home you love and now you’re ready to make an offer? There are six details you should be prepared to communicate to your Realtor to insure the transaction goes smoothly.
Watch this short video to learn what they are:
If you are wanting to work with a lender that is dedicated to delivering home loans without surprises please contact us today!
Thanks!
Over 60% of homebuyers in the United States are repeat buyers. This means they often have a home to sell concurrently with buying a home. In today’s competitive housing market it can be a challenge to get an offer accepted when it includes a home sale contingency.
Therefore, it’s always worth trying to see if and how a homebuyer can be pre-approved for their home loan without the requirement of a home sale contingency.
There are two common hurdles that an applicant faces when trying to get pre-approved in this manner.
The second hurdle (HERE IS A LINK to the first hurdle) is cash flow. Without the existing home sold the underwriter will require that the applicant be approved with both mortgage payments. I cover that topic in the video below:
If you are seeking to get pre-approved to buy another home and would like to avoid a home sale contingency please reach out to us today!
Over 60% of homebuyers in the United States are repeat buyers which means they often have a home to sell concurrently with buying a home. In today’s competitive housing market it can be a challenge to get an offer accepted when it includes a home sale contingency.
Therefore, it’s always worth trying to see if and how a homebuyer can be pre-approved for their home loan without the requirement of a home sale contingency.
There are two common hurdles that an applicant faces when trying to get pre-approved in this manner.
The first hurdle is how the buyer will generate a down payment without the proceeds from the sale of their home. I cover that topic in the video below:
The second hurdle is cash-flow and I will discuss that in next week’s video.
If you are seeking to get pre-approved to buy another home and would like to a void a home sale contingency please reach out to us today!
Did you know the standard Residential Real Estate Agreement commonly used in Oregon allows the seller to prevent you from switching lenders or loan programs?
In this short video I explain the third benefit of being pre-approved for a home loan prior to starting your search:
Consumers should take the time to compare lenders prior to starting their home search because once they are in an accepted offer they need the sellers written consent to switch lenders.
If you would like to get pre-approved then please contact me today to get the process started!
Are thinking of buying a home and wondering when you should get pre-approved? Unless you are open to the potential for an unwanted surprise, I recommend you get pre-approved early on.
In this short video I explain the second benefit of being pre-approved for a home loan prior to starting your search:
By taking the time to get a mortgage pre-approval ahead of time a competent lender will be able to properly set your expectations for monthly payments, closing costs, and down payments. This way, you can direct your home search at a level that is financially sustainable for you.
If you would like to get pre-approved please contact me today to get the process started!