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Archive for the ‘Eugene Oregon’ Category
LAST DAY for Home Buyer Tax Credit Offers to be accepted
April 30th, 2010 | 
Author: Home Buyer Tax Credit expire at midnight today!
This applies to the $6500 Move Up Home Buyer and also the $8000 First Time Home Buyer Tax Credits. Any offer accepted by midnight tonight must be closed and funded by June 30, 2010. To protect yourself from the bubble of loan applications making their way through the system for the next two months, I suggest picking a lender (like Alpine Mortgage Planning), that has a history of closing on time.
I also offering fee Job Loss Assurance coverage on all purchase loans closed me. This will make the payments if you are laid off from your job during the first year of the loan contract. Please check the link for specific information.
Contact Me
Isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!
LAST DAY for Home Buyer Tax Credit Offers to be accepted is a post from: Eugene Loan Guy
Previous Home Buyer Tax Credit Gone in 2 Days
“Move Up” Home Buyer Tax Credit expires midnight Friday!
This applies to the $6500 Move Up Home Buyer and also the $8000 First Time Home Buyer Tax Credits. Any offer accepted by Friday must be closed and funded by June 30, 2010. To protect yourself from the bubble of loan applications making their way through the system for the next two months, I suggest picking a lender (like Alpine Mortgage Planning), that has a history of closing on time.
I also offering fee Job Loss Assurance coverage on all purchase loans closed me. This will make the payments if you are laid off from your job during the first year of the loan contract. Please check the link for specific information.
Contact Me
Isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!
Previous Home Buyer Tax Credit Gone in 2 Days is a post from: Eugene Loan Guy
First Time Home Buyer Tax Credit Goes Away in 3 Days
First Time Home Buyer Tax Credit expires midnight Friday!
This applies to the $8000 First Time Home Buyer and also the $6500 Move Up Home Buyer Tax Credits. Any offer accepted by Friday must be closed and funded by June 30, 2010. To protect yourself from the bubble of loan applications making their way through the system for the next two months, I suggest picking a lender (like Alpine Mortgage Planning), that has a history of closing on time.
I also offering fee Job Loss Assurance coverage on all purchase loans closed me. This will make the payments if you are laid off from your job during the first year of the loan contract. Please check the link for specific information.
Contact Me
Isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!
First Time Home Buyer Tax Credit Goes Away in 3 Days is a post from: Eugene Loan Guy
Eugene/Springfield Tax Credit Expires in 4 Days
The Home Buyer Tax Credit expires midnight Friday!
This applies to the $8000 First Time Home Buyer and the $6500 Move Up Home Buyer Tax Credits. Any offer accepted by Friday must be closed and funded by June 30, 2010. To protect yourself from the bubble of loan applications making their way through the system for the next two months, I suggest picking a lender (like Alpine Mortgage Planning), that has a history of closing on time.
I also offering fee Job Loss Assurance coverage on all purchase loans closed me. This will make the payments if you are laid off from your job during the first year of the loan contract. Please check the link for specific information.
Contact Me
Isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!
Eugene/Springfield Tax Credit Expires in 4 Days is a post from: Eugene Loan Guy
Eugene/Springfield Tax Credit Expires This Week
The home buyer tax credit will expire on new accepted offers in the Eugene and Springfield area after Friday! There has been a huge surge in home sales leading up to this expiration. New home sales were up 26% nationwide last month and existing home sales were also up significantly.
What this means is that a lot of people that have been waiting are finding out that there are multiple offers being submitted at more people try to take advantage of the tax credit before it expires. I have been asked if I thought the tax credit would be extended like it was the last time and the difference I see this time is that there is no concerted effort in Congress to extend the tax credit. The feeling is that the housing market is on the rebound and doesn’t need the stimulus that the tax credit provides.
If you have questions as to how the tax credit works, here is a very instructional (if a bit dry) video provided by the National Association of Home Builders after the credit was extended last time:
Additionally, any offer accepted by Friday must be closed and funded by June 30, 2010. That means there will probably be a bubble of loan applications making their way through the system for the next two months. I would suggest you pick a lender (like Alpine Mortgage Planning), that has a history of closing on time.
We are also offering fee Job Loss Assurance coverage on all purchase loans closed through our Eugene Office. This will make the payments if you are laid off from your job during the first year of the loan contract. There are, of course, requirements.
Contact Me
Isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!
Eugene/Springfield Tax Credit Expires This Week is a post from: Eugene Loan Guy
Eugene Loan Guy spotlights Brita Arcuri – Windermere Real Estate
Brita Arcuri
I work with a number of outstanding REALTORs® in the Eugene Springfield area and have spotlighted a couple (though not officially) in previous posts but I am going to try something new and start a new series of Spotlights of REALTORs®. Today’s spotlight falls on Brita Arcuri, someone I have just started working with but has impressed me with her attitude and perseverance. I also enjoy her introduction video here:
http://www.theaterofhomes.com/flash/brita_arcuri_agent.html
Brita is a broker with Windermere Real Estate/Lane County one of the largest Northwest realty companies. She is also a Eugene Native and Oregon State (go Beavs) alumni. Her office is located near downtown Eugene and I know she would be happy to help you in your Real Estate needs. Her website also has several listings, one that is just right for me and my family and dogs (currently) at 3,100+ square feet. Ask her about this home, sure looks nice.
As for me, Brita is taking care of my client and making all of the right moves so she can have her own home. I look forward to getting everything together and helping our customer. I am here for anyone wanting assistance in purchasing their first home (like this client) or their 15th home. You can contact me at Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401, 541-342-7576/541-221-3455 or by e-mail. Time is running out for the Home Buyer Tax Credit, so now is really the time to buy.
Posted in Brita Arcuri, Eugene Oregon, Uncategorized, eugene springfield lane county real estate mortgage loans, eugene/springfield home purchase, real estate purchase, springfield or first time home buyer | 
Tags: eugene/springfield mortgage lender, Eugene/Springfield Realtor, Real Estate Broker, real estate loan, Windermere Real Estate | 
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Oregon FHA Loan Cost Goes Up in 10 Days
Starting with any new FHA case number assigned on or after April 5, 2010, the up front mortgage insurance premium (UFMIP) for all FHA loans in Oregon will increase from 1.75% to 2.25%. That means that on a purchase in Eugene with a $200,000 loan amount, the increased UFMIP will be $1,000.
Is $1,000 enough of an incentive to make that offer you have been considering? Does the fact the First Time Home Buyer (FTHB) Tax Credit or $8,000 runs out the end of April cause enough of a sense of urgency for you to make that offer today on that home you are looking at? If you have been worried that you might lose you job in the future after buying a new home keep you on the sidelines? Now, there is the Alpine Mortgage Planning Job Loss Assurance program to assist with that worry.
All in all, it is the right time to buy. Prices are down. Rates are low. Tax credits are available. Mortgages are affordable. Job Loss can be compensated. I can’t see this lasting forever. Rates and prices will have to go up. We already know the UFMIP will be going up and that is certain.
An Oregon retail giant (Tom Peterson) used to say, “Come see me today or I can’t save you any money.” That is true today. Let’s get together and find out if it is the right time for you to become an Oregon home owner. Call me at 541-342-7576/541-221-3455 cell or e-mail me. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401.
Oregon FHA Loan Cost Goes Up in 10 Days is a post from: Eugene Loan Guy
Is FHA the Best Loan for You?
I have often written about the benefits of an FHA loan and will continue to do so, but this post will take a different tact. This time, I want to talk about the benefits of a conventional loan (non government) with mortgage insurance for your purchase in Eugene/Springfield.
If you have 20% or more down payment, conventional financing is nearly always the best way to go. However, if you only have 10% down payment and high credit scores, a single pay mortgage insurance could save you thousands of dollars over the term of the loan. For instance, with an FHA loan (for a short time), you will pay 1.75% UFMIP (up front mortgage insurance premium) plus yearly mortgage insurance (paid monthly), even with 10% down on a 30 year fixed loan.
However, with a 720 credit score and 10% down payment, you will probably qualify for a 1.35% single pay mortgage insurance with no more mortgage insurance due. On a $200,000 loan, that is an immediate savings of $800 and there is no monthly payment for mortgage insurance. Not only that, but the FHA UFMIP will be increasing to 2.25% in April, making an immediate savings of $1,800.
Now, there are still many reasons to use FHA financing, but if you have a 10% or more down payment and a high credit score, a conventional mortgage with mortgage insurance could save you a lot of money. Has your loan advisor mentioned this to you? If not, why not?
I am a professional with a long history of making the right loans for my clients. I have never been one to put someone into a loan because it was the easiest or made me the most money. Check out my references and then give me a call. I am the Eugene Loan Guy (Fred Chamberlin) a Senior Mortgage Advisor with Alpine Mortgage Planning, 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. We are innovators in our area, as displayed in our Job Loss Assurance program. You can reach me at 541-342-7576/541-221-3455 or by e-mail. I am here to answer your questions and help you make the right choices. You can also fill out the form below.
Is FHA the Best Loan for You? is a post from: Eugene Loan Guy
Oregon FHA Reverse Mortgages Could Change Shortly
FHA Says:
BIG PRINCIPAL LIMIT REDUCTION NEEDED
WITHOUT $250 MILLION HECM SUBSIDY
David H. Stevens, Assistant Secretary of Housing for the Federal Housing Administration (FHA) recently testified to the House Financial Services Subcommittee on Housing and Community Opportunity. He voiced his strong support of the administration’s reverse mortgage program. What happens there can have some major consequences to those Seniors contemplating an Oregon Reverse Mortgage in the future.
The need for this type of program is greater now than it’s ever been, due to increasing medical costs, declining employment/incomes, and less ‘savings’ in various types of pension funds/retirements accounts.
This comes as the Office of Management and Budget (OMB) requested an appropriation of $250 million to support the Home Equity Conversion Mortgage (HECM) in its FY2011 budget.
Stevens, referencing a survey conducted by AARP in 2006 told the committee the product has provided seniors with much-needed financial relief and was primarily used to pay for long term health care, enable home repairs and provide peace of mind that housing expenses now and in the future could be met.
In addition, Stevens said the program plays an important role in allowing seniors to age in place. “Keeping seniors in their homes and communities, close to familiar support networks, puts less pressure on our nation’s overextended nursing home infrastructure and the public resources that support it,” says Stevens.
According to his testimony, FHA’s analysis showed that to maintain the viability of the program for FY2011, an increase if the annual mortgage insurance premium from 0.05% to 1.25% and further reducing the principal limit factors (PLF’s) of approximately one to five percent, depending on the age of the borrower is necessary.
“Without the budget request, we would be forced to reduce the PLFs by an additional 21% in FY2011. This would significantly reduce the amount of funds that would be available to seniors (more than 30%), which, on average is a $23,000 to $27,000 impact,” said Stevens.
He closed by saying, “Any additional steep cut to the PLFs will result in serious decline in program level as HECMs would no longer be viable to many seniors who need to access their home equity while staying in their homes.”
What does this mean for you, if you are an Oregon Senior that has been contemplating a reverse mortgage?
NOW, rather than later might be the best opportunity to take advantage of all the benefits of a Reverse Mortgage. HUD has already cut the PLFs by 10% in September of 2009. A recent informal survey conducted by NRMLA showed that the 10% cut resulted in 20% fewer seniors qualifying for a Reverse Mortgage.
If you have questions about a Reverse Mortgage we will not pressure you to take one out, but it may be in your best interest to check out one now, rather than later. Please contact one of us today at 541-342-7576. Alpine Mortgage Planning is located at 1200 Executive Pkwy., Ste. 100, Eugene OR 97401. You can also e-mail Laurie here or Fred here. We are here to help you make the decision that is right for you. Reverse Mortgages are not for everyone, but they are an excellent choice for some people. Isn’t it time that you checked out the advantages of a Reverse Mortgage?
Posted in A Oregon Reverse Mortgage, Eugene Oregon, FHA HECM, FHA HECM Purchase, FHA Mortgage Loans, No Payment Loans, Oregon Reverse Home Mortgage, Oregon Reverse Loan, Oregon Reverse Mortgage, Oregon Reverse Mortgage Calculator, Oregon Reverse Mortgage Lenders, Oregon Reverse Mortgage Loans, Oregon Reverse Mortgage Pros and Cons, Oregon Senior Foreclosure Credit Help, Reverse Mortgage, Springfield Oregon, What is a Oregon Reverse Mortgage |
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Alpine Mortgage – Eugene – Offers Job Loss Assurance
Offered to Employed Clients
On Home Purchase Loans
We (Alpine Mortgage Planning) are offering involuntary unemployment coverage that will make the house payment of up to $1,500 per month in the case of involuntary unemployment directly to the mortgage holder for our clients in Eugene/Springfield and Lane County Oregon.
Our program is available for any new purchaser that has been on the job for more than one year without lay-off and loses their job through no fault of their own after 60 days and before one year of their new loan starting. The program will pay up to $1,500 of principal, interest, taxes and insurance (PITI) and mortgage insurance (if applicable) directly to the mortgage holder. Since it goes to the mortgage holder it shouldn’t effect unemployment filing. In the case of joint applicants, both clients are covered by the assurance program if they are working a minimum 30 hour week each.
Job Loss Assurance Benefits:
Benefits of up to $1,500 per month
Provides up to six months of
payments
Does not affect unemployment
income eligibility
12 month job loss protection
Minimizes financial stress
This innovative program is designed to take the stress out of a home purchase in our current uncertain economy. One of the main stopping points for new buyers today is fear of the unknown. We are attempting to help alleviate that fear with this program. We will pay for the program for the first year and it may be extend-able (at the home owner’s expense) at the end of the year.
We are always looking for ways to add value to our service and alleviating stress and fear of job loss. This is our latest way of helping our clients in today’s economy. Now, for a few YES answers. Yes, this program works with FHA Insured loans. Yes, the program works with VA Guaranteed Loans. Yes, the program works with USDA Rural Guaranteed Loans. Finally, the program works with conventional and even jumbo loans, but in the case of jumbo loans, only covers the first $1,500 of the payment amount.
Why are we offering this outstanding assurance program? Because we want to help everyone that can and should buy a home at this time but are fearful of the economy. The First Time Home Buyer Tax Credit will be going away shortly and it doesn’t make sense to sit on the fence and let it get away. It also is a great time to buy with rates continuing to be at or near all time lows. We are trying to help with the decision making process.
Contact Me
So, isn’t it time to make the move into your new home? I am Fred Chamberlin, Senior Mortgage Consultant at Alpine Mortgage Planning, 1200 Executive Pkwy., Eugene OR 97401. I am here to help you with the mortgage loan process and also help you avoid stress. You can reach me at 541-342-7576/541-221-3455 cell or by e-mail. Trust experience to help you with your Eugene/Springfield mortgage questions. One final note, this is not limited to Lane County but can be used anywhere we are doing business. Call today!
Alpine Mortgage – Eugene – Offers Job Loss Assurance is a post from: Eugene Loan Guy
Posted in Eugene Oregon, Eugene/Springfield Oregon; unemployment, FHA Mortgages, First Time Home Buyer Tax Credit, Lane County Oregon, Mortgage Loans, Mortgage Payment, Springfield Oregon, USDA Rural Guaranteed Loan, VA Mortgage Loans, alpine mortgage job loss assurance, economy worries, job loss protection, making loan payment, mortgage purchase home payment, unemployment mortgage loan payment |
Tags: alpine mortgage job loss assurance, economy worries, Eugene/Springfield Oregon; unemployment, job loss protection, making loan payment, Mortgage Payment, mortgage purchase home payment, unemployment mortgage loan payment |
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Fred Chamberlin