You’ve found the perfect house, located right near that cool new shopping area and the best schools. It even has the right number of bathrooms! Swoon. It's time to sign the paperwork and move...
Aid Program For Underwater Homeowners Expanding Statewide After Portland Area Pilot
The Rebuilding American Homeownership Assistance Pilot Program allows participating homeowners to refinance, lowering their monthly payment or paying down their loan more quickly, even when their homes are worth less than their mortgage debt. It’s similar to the federal Home Affordable Refinance Program, but it’s open to homeowners who aren’t eligible for that program because their loans aren’t backed by government-sponsored mortgage giants Fannie Mae or Freddie Mac.
The program has been slow to catch on in Oregon’s three most populous counties. Only 14 homeowners have successfully used the program to refinance, according to theOregon Housing and Community Services Department, which oversees the program. Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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Rates for home loans rose to a six-week high as upbeat economic data and a bulging deficit spurred a yield-lifting bond sell-off and big questions gripped the housing market.The 30-year fixed-rate