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What are the steps to home ownership? How can you prepare? An evening of FREE professional instruction, sponsored by the Washington Department of Financial Institutions, for first time home buyers will be offered at Evergreen Home Loans, 204 SE Park Plaza Dr. Ste 105 Vancouver, WA 98684 (in the conference room) on March 8th from 4:00pm-9:00pm. [...]
Home Affordability Currently at 1971 Levels
(From Daily Real Estate News) Home affordability is at 1971 levels, due to falling home prices and record low mortgage rates, pushing home ownership in reach to more families, according to the U.S. Department of Housing and Urban Development (HUD). Home owners are bringing in nearly double the median income they need to cover the [...]
Mortgage Applications up 4.5 percent
(From Daily Real Estate News) Mortgage applications for purchase — a gauge of future home buying — increased 8.1 percent the first week of January, the Mortgage Bankers Association reports. The purchase index on an unadjusted basis now stands at 41.9 percent higher than last year, signaling more people taking out loans to buy homes. [...]
Rental History: Important for Qualifying for a Mortgage?
(From Daily Real Estate News) Borrowers who have a history of paying rent on time may see a boost to their credit score. Experian, a leading credit report company, added a section to its credit reports last year that reflected on-time rent payments, which helped give a boost in the credit scores to some on-time [...]
First Time Home Buyer Class January 12, 2012
An evening of FREE professional instruction, sponsored by the Washington Department of Financial Institutions, for first time home buyers will be offered at Evergreen Home Loans, 204 S.E. Park Plaza Dr. Ste 105,Vancouver,Wash. 98684 (in the conference room) on Jan. 12 from 4 p.m. to 9 p.m. Completion of the course fulfills buyer education requirements [...]
Ask the Expert: What is the Difference Between a Home’s Appraised Value and Assessed Value?
Jary Martinson, Mortgage Banker answers: MLO-214653 “The appraised value is an opinion given by a licensed appraiser that takes into account dozens of factors affecting the price that a typical buyer is willing to pay for the property. The value is generally determined by considering recently sold properties sale prices and then adjusting that price [...]
Third Quarter Housing Sales are Up From 2010
The National Association of Realtors recently released its 2011 3rd Quarter Housing Report, which details sales of single-family homes, condos and co-ops. The latest reports show home sales have increased in all states compared to the 3rd quarter of 2010. North Dakota saw the largest increase at just under 40 percent, while Virginia had the [...]
Homebuyers Tax Credit for Qualified First Time Buyers
Call our experienced loan officers today to learn more about the Federal Tax Credit for qualified first time buyers!
Ask the Expert: Do I Have to Pay Outstanding Medical Bills or Medical Collections to get a Government-Backed Loan (FHA, VA, USDA)?
Lora Hawkinson, Senior Loan Specialist answers: MLO-241315 “When a medical bill is showing up on your credit report it is usually because the account has gone to a collection agency for non-payment. A lender would have no way of knowing if you have any current medical debt, unless you disclosed the information to them. For [...]
