Financing and Refinancing Your Salem Home

Posts filed under Financing and Refinancing Your Salem Home



It's a Great Time To Think About Refinancing
Posted Fri, Aug 28th 2015 2:54 pm
Interest rates remain extremely low making this a great time to think about refinancing you home. Here are a few tips for refinancing that will help you in making an informed decision. If you ...

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Questions To Answer Before Refinancing Your Home
Posted Sat, Feb 21st 2015 7:01 am
Homeowners have a variety of reasons for refinancing their homes. Before you make a decision about refinancing your home, you might consider the following questions. Below is a summary of an articl...

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3 % Down Payments Are Still Possible
Posted Thu, Dec 18th 2014 12:42 pm
If you have been wanting to purchase a new home but have counted yourself out of the equation due to the fact that you cannot come up with the down payments needed, don’t count yourself out just ye...

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Why the 5 Year Rule
Posted Fri, Nov 7th 2014 2:22 pm
There are many factors that go into the decision to buy a home. One of those factors is how long you expect to stay in the home. This applies whether you are a first time homebuyer or stepping up t...

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For Retirees: Help with Refinancing or Obtaining a Mortgage
Posted Sat, Jun 21st 2014 10:47 am
If you are a retiree who wants to take advantage of low interest rates to refinance the mortgage on your Salem OR real estate or obtain a new mortgage on a smaller home in order to downsize, you ma...

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What’s Behind the Rise In Interest Rates?
Posted Sun, Aug 25th 2013 8:46 am
The cost of buying a Salem Oregon home is going up. What's behind the rise in interest rates? Is now still a good time to buy? Here's an interesting video explaining a little bit about why mortgage...

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Early Mortgage Pay-off - Good Idea Or Not?
Posted Thu, Aug 15th 2013 3:24 pm
With interest rates so low and economic uncertainty so high, it is no wonder that many owners of Salem OR homes are considering paying off, or at least paying down, their mortgages earlier than exp...

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Sellers As Lenders
Posted Wed, May 8th 2013 9:55 am
Seller financing, in which an owner of Salem OR real estate offers a buyer a mortgage, was almost unheard of over the last decade, when money was readily available and lenders vied aggressively for...

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$25 Billion Deal To Help Distressed Home Owners
Posted Sun, Mar 4th 2012 8:11 am
Five of the nation's largest banks, Bank of America, JPMorgan Chase, Wells Fargo, Citibank, and Ally Financial, have agreed to a $25 billion settlement deal over wrongful, deceptive, or unfair fore...

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Do You Qualify For A Mortgage For Your Salem Oregon Real Estate?
Posted Fri, Feb 10th 2012 4:32 pm
Although the housing market has been unpredictable in recent months, the existence of a seller’s market and the availability of low interest rates are providing incentives for potential buyers.  Ho...

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Good Debt vs Bad Debt – What Does It Mean For Salem OR Home Buyers
Posted Sat, Feb 4th 2012 1:33 pm
Given the lengthy and heated debate going on about the country’s debt, this may well be a good time to think about your personal debt philosophy and/or situation.   While it’s almost impossible to ...

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Saving Money With HUD PowerSaver Program
Posted Fri, Oct 14th 2011 2:11 pm
The Federal Housing Administration has recently signed up 18 specially selected lenders to participate in a pilot program that offers some owners of Salem OR real estate “PowerSaver” loans of up to...

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Using Your Salem Oregon Home Equity
Posted Fri, Sep 23rd 2011 4:14 pm
Whether you have decided to make improvements to your Salem Oregon home or have just realized that your air conditioning system will soon need to be replaced, you need to find a source of funds to ...

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Thinking About a Reverse Mortgage for Your Salem Oregon Home?
Posted Wed, Sep 7th 2011 1:50 pm
Because of today’s economic situation, rapidly rising health care costs, and falling retirement and savings account balances, many seniors are feeling financial stress. Looking for relief from thei...

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Cash-In Refinancing For Your Salem Oregon Real Estate
Posted Fri, Jun 10th 2011 12:25 pm
During the housing boom millions of Americans were taking advantage of "cash-out" refinancing to pay for home improvements, cars, boats, etc. In today's economy, however, money is flowing in the op...

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Salem Oregon Foreclosure Trends For Polk and Marion County - March 2011
Posted Thu, May 5th 2011 10:59 am
Salem Oregon foreclosures have been rising in both Polk County and Marion County over the past six months. Let's take a look at March 2011 statistics in both Marion and Polk counties to understand ...

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Getting A Mortgage For Your Salem Oregon Real Estate? Here’s How
Posted Sun, Mar 6th 2011 5:40 am
Although the housing market has been unpredictable in recent months, the existence of a seller's market and the availability of low interest rates are providing incentives for potential buyers. Obt...

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How To Improve Your Credit Score When Buying a Salem Oregon Home
Posted Fri, Oct 15th 2010 9:28 pm
Your credit score is a number that helps lenders predict how likely you are to make your payments on time. This score affects your ability to obtain credit and helps determine what you pay for cred...

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Be Credit Savvy When Buying Salem OR Real Estate
Posted Thu, Sep 23rd 2010 2:45 pm
What is a credit score? A credit score is a number that helps lenders predict how likely you are to make your payments on time. This score affects your ability to obtain credit and helps determine...

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FHA Announces Changes In Mortgage Insurance Rates
Posted Thu, Sep 16th 2010 11:32 am
Congress has authorized FHA to change the amount charged to borrowers for both the Up Front and the Annual Mortgage Insurance (MI) premiums. These changes as outlined in Mortgagee Letter 2010-28, a...

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David & Dewey Whitton
The Salem Real Estate Group
6444 Fairway Avenue SE
Salem, Oregon 93706

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