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Mortgages

New Regulations Reduces Residential Construction Costs

Question: I have friends and business associates who are looking to fix and flip (or fix and hold) residential rental properties in Oregon and can not obtain traditional bank financing. Is private money lending an option for these parties? Short Answer: Until recently, because of the nature of the property, this type of transaction would […]

Purchasing with a Reverse Mortgage

Why You Should Consider Purchasing Your Next Home In Bend Oregon With A Reverse Mortgage By Guest Blog Writer Matthew Allen If you are 62 or older and in the market to purchase a new home or are thinking about buying a new home in Bend, you may want to consider using a reverse mortgage. There […]

Seller Financing Redux

Seller Financing Redux INTRODUCTION:  Oregon, as mandated by federal law, adopted legislation which, in connection with residential seller financed transactions, requires that the seller either obtain a mortgage loan originator (MLO) license, or retain the services of a licensed MLO to negotiate the financing terms.  Two previous Fine Print columns dealt with the initial adoption […]

FHA To Decrease Annual Mortgage Insurance Cost

January 8, 2015 by Michael Mullin The President announced on January 7, 2015 that FHA will be decreasing its annual mortgage insurance premiums on most applications from 1.35% to .85% of the Base Loan Amount. That may not sound like much but if you are borrowing $200,000 on an FHA loan that translates to a savings of […]