Mortgages

Market Talk! S Oregon Real Estate for Sept. 13

Southern Oregon’s Real Estate Market didn’t much celebrate Labor Day.   Things were pretty busy across the board during the holiday weeks.  Take a look at last week’s stats for our three neighboring counties and you’ll see new listings and pending sales while closed sales dropped due to the short week. Note: Jackson County sellers received […]
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Sheriff Sickler Updates Issues Facing Owners, Latest Interest Rate Info.

Pete Belcastro & Alice Lema welcome Sheriff Nate Sickler & Guy Giles Mutual of Omaha Mortgage. Sheriff Sickler Updates Issues Facing Owners, Latest Interest Rate Info.
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Basic Principles of all Mortgage Loans

The home is used as security to back up the loan. A lender can force sale of the home if the borrower defaults by failing to make scheduled payments. The larger the loan compared to the value of the home, the more risky for the lender and, often, the more expensive the loan will be. […]
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Are vacation homes a good investment?

You can buy a vacation home today for investment purposes as well as enjoyment. And yes, there are tax benefits. Some people buy a vacation home to use as a permanent retirement home later, which allows them to get ahead on their payments. Another benefit is that the interest and property taxes on a vacation […]
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What are the differences between condos and single-family homes?

Using appreciation as a measure, condominiums in some areas have been as profitable an investment as single-family homes in the past five years. And in some markets, condos appreciated even more, according to some experts. While single-family homes have been the preferred investment by homebuyers, changing demographics are helping make condos more popular, especially among […]
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Is it smart to even consider a fixer-upper?

It depends. Distressed properties or fixer-uppers can be found anywhere, even in wealthier neighborhoods. Such properties are poorly maintained and have a lower market value than other houses in the neighborhood. Many experts recommend that before you make such an investment, first find the least desirable house in the best neighborhood. Then do the math […]
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Are foreclosures a good investment?

A foreclosure property is a home that has been repossessed by the lender because the owners failed to pay the mortgage. Thousands of homes end up in foreclosure every year. Economic conditions affect the number of foreclosures, too. Many people lose their homes due to job loss, credit problems or unexpected expenses. It is wise […]
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What About Refinancing My Mortgage?

When is the best time to refinance? It depends on how long you plan to hold on to your house and if you have to pay anything to refinance. In addition, it also depends on how far along you are in paying off your current mortgage. If you are going to be selling your house […]
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Property Taxes?

Can property taxes be deducted? Property taxes on all real estate, including those levied by state and local governments and school districts, are fully deductible against current income taxes. Mortgage interest and property taxes are deductible on a second home if you itemize. Check with your accountant or tax adviser for specifics. How are property […]
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Improving Real Estate

Are there government programs for rehabilitation? The U.S. Department of Housing and Urban Development’s Section 203 (K) rehabilitation loan program is designed to facilitate major structural rehabilitation of houses with one to four units that are more than one year old. Condominiums are not eligible. The 203(K) loan is usually done as a combination loan […]
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Home Price Appreciation

How can I improve the value of my property? Outside of a homeowner’s control, the biggest factor is market conditions. Other important issues are: condition of the property specific home improvements neighborhood stability and safety The greatest rise in home prices occurs when the economy is strong and the number of home sales is increasing. […]
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Top 10 Tips to Successful Home Buying

Tip #1: Research Is The Key To Discovery Home sellers won’t call you with an offer to buy a maintenance-free home with a wonderful mortgage. You have to find the gems yourself! Only by reading available materials, talking to friends and experts, and spending time looking at different homes, schools, and neighborhoods will you end […]
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