Mortgage

Mortgage information for the Bend Oregon area.  From first time home buyer loans to investment property loans.  Up to date information on the mortgage process and industry.

Found 3 blog entries about Mortgage .

 

Renovation Mortgages

How often do we find ourselves looking at a home and imagining the possibilities? “This house would be perfect if it only had “_______”. It could be a new kitchen, more bedrooms/bathrooms, or even a complete remodel. When most of us look at a home, we envision ourselves in it and how we would want to live on the property.

Figuring out how to make home improvements into a reality can be difficult. It’s hard enough for most of us to save up for a down payment on a home, let alone for the costs of a remodel too.  So how can you affordably make these improvements? The solution is Renovation financing.

Renovation mortgages allow for the purchase or refinance of a home, along with the costs for the home improvements to be

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Bend Oregon Rental Housing Market

home for rent in downtown Bend

The tides have turned... Just a few years ago tenants were negotiating lower rents, and the Bend rental market had around a 12% vacancy rate (reported by local Bend news station KTVZ).  Today the vacancy rate is 1%.  Homes are rented within minutes, with multiple applications.  I had a client rent out a home near downtown over the weekend.  She advertised on Craigslist only, and said she'd be at the home taking applications for a 2 hour period. She had people waiting when she arrived, and took over 30 applications.  Needless to say she rented the home out for what she was asking the same day.

People in need of a house rental in Bend are having a rough go at finding a suitable home. Many are constantly searching

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Getting Pre-Approved For A Bend Home Loan

mortgage in Bend

If you're thinking of purchasing a home in Bend, the first step is to get pre-approved for a mortgage (unless you're paying cash of course).  The mortgage pre-approval process has become more of a chore over the past few years than it was prior to the real estate bubble bursting.  But it's still a relatively easy process.

First Step of Mortgage Pre-Approval Process

Contact a local Bend mortgage broker or bank, preferably a referral from a friend, family, or your real estate broker. You should interview the mortgage professional and ask any questions that you have.  Make sure to let them know how much you feel comfortable spending on a monthly mortgage.  Ask them about different home loan options,

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