The modern mortgage market offers a variety of mortgage loans catering to the needs of homebuyers. The titles and details of these plans can become confusing, especially as new types are introduced continuously. You can make sense of these loan types, however, if you understand the basic principles that govern all mortgage loans. Again, you can look to your real estate professional for assistance.
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 […]Read More →
Pete Belcastro & Alice Lema welcome Sheriff Nate Sickler & Guy Giles Mutual of Omaha Mortgage. Sheriff Sickler Updates Issues Facing Owners, Latest Interest Rate Info.Read More →
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. […]Read More →
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 […]Read More →
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 […]Read More →
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 […]Read More →