Oregon Mortgage Broker in Gresham

By on April 4, 2012 in Gresham

  Pdxhomeloan.com at Mortgage trust, Inc is licensed to lend in Washington, Oregon, California, Alaska, Wyoming, Colorado, and Idaho. We also have the ability to lend in other states on a case by case basis. Gresham is also its own incorporated town that is included in the greater Portland metro area. It has a more [...]

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Mortgage Programs

By on April 4, 2012 in Mortgage Programs

Mortgage Programs Choose the Right Mortgage Program There are many different mortgage programs available but knowing which one best suits your needs is where you need to consult a Portland Mortgage Broker like James Adair to help you align the mortgage with your current situation. The best way to begin is by selecting the “Apply [...]

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Vacation Homes and 2nd Homes

By on April 4, 2012 in Vacation Homes And 2nd Homes

Vacation Homes and 2nd Homes A second home is defined as a home that is NOT your primary residence, and one you spend a minimum of 2 weeks per calendar year occupying. The general rule of thumb is that this property is at least 50 miles away from your current primary, although there can be [...]

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VA Mortgage Loan

By on April 4, 2012 in VA Mortgage Loan

VA Mortgage Loan A VA mortgage is one that is completely insured by the Veterans Administration. It is available for those who have served our country in the military, and have the appropriate discharge papers (the DD 214 document). The VA mortgage is one of the only remaining TRUE zero down options. There is no [...]

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VA IRRL Interest Rate Reduction Loan

By on April 4, 2012 in VA IRRL Interest Rate Reduction Loan

VA IRRL Interest Rate Reduction Loan A VA Mortgage has another excellent feature in addition to its zero-down, no monthly mortgage insurance. They always have the option to be refinanced in a very simple way, with the IRRL mortgage, which stands for “interest rate reduction loan” (clever program title courtesy of the federal government). The [...]

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USDA Mortgage Loan

By on April 4, 2012 in USDA Mortgage Loan

USDA Mortgage Loan A USDA mortgage is one that is insured by the Department of Agriculture. This is also another 100% financing program that has some amazing features. In fact, the USDA mortgage loan acts very much like a VA, in that there is an upfront lump “funding fee” that goes into the insurance pool [...]

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Reverse Mortgage Loan

By on April 4, 2012 in Reverse Mortgage Loan

Reverse Mortgage Loan A reverse mortgage is a loan that only has two requirements: You have to be at least 62 years old You have to have real estate with enough equity to go the distance A reverse mortgage is one that can be set up to land the borrower a lump sum of cash [...]

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Refinance Mortgage Loan

By on April 4, 2012 in Refinance Mortgage Loan

Refinance Mortgage Loan A Refinance mortgage is when we make a new mortgage to pay off an existing mortgage. There are 2 types of refinance loans: the Rate and term refinance, and the cash-out refinance. The “rate and term” refinance is when we pay off the existing mortgage with one of the same amount, and [...]

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Oregon Bond Loan

By on April 4, 2012 in Oregon Bond Loan

Oregon Bond Loan The Oregon Bond loan is the main state sponsored subsidy for first time home buyers in Oregon. It is basically a 30 year fixed mortgage with 2 pricing options: An astoundingly low mortgage rate (AKA “the Rate advantage loan“) A slightly less astoundingly low mortgage rate but with a 3% lender credit [...]

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No Money Down Financing

By on April 4, 2012 in No Money Down Financing

No Money Down Financing Buying real estate with no money down can be a GREAT strategy for home buyers. Its almost always an advantage to using OPM (other peoples money) for purchasing a tax advantaged appreciating asset. No money down mortgage financing allows the borrower to conserve cash, keep it liquid and accessible, and allows [...]

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