The first time homebuyer's tax credit has come and gone. There are opportunities for veterans. If you fit in this category you may qualify for some very special programs the US government has in place. Special exception for vets! See below: First time home buyers are anyone that has not owned a home in 3 years.
Portland Metro and Vancouver are experiencing a "normal" market, similar to real estate
transactions as seen in 2002, long before the hot cylce started. Economists agree that we will only continue to grow in Beaverton, Portland and Vancouver, Washington at an even rate in the future. Remember, all real estate is local, and this could be in the Northwest, a neighborhood,
a block or a price range. We believe that the market is stable here and will continue to grow at a reasonable even rate. Interest rates have been at 4.25% for a few weeks. This is the lowest mortgage interest rate in 40 years! If you took out a $300,000 mortgage with an interest rate of 5.25 principle and
interest = $1656. This is an excellent interest rate and was available in the
incredible hot market cycle a few years ago. OK how about this same scenario at 4.25? Payment would be $1475 The difference is $181 per month or $2172 per year. Procrastination does not usually produce the best out come. The unrealized super monetary benefit of owning a home..
Curious.....just a little?
Every morning I get an update on the market in general and the real estate market in particular from one of my favorite lenders. Feel free to call Eric. He always answers his phone if he's not talking to someone at the moment, and is the quickest to respond to an email than anyone I've ever met. Please give Eric my name when you call - Susan McCall. Eric Newman eric@gonwloans 503-997-5285 Members of the military, the Foreign Service and the intelligence community who have been on official extended duty, these dates have been extended one full year -- to April 30, 2011, for a signed contract and June 30, 2011, for the closing. Vets are a class that can purchase a house with NO DOWN PAYMENT! Want a brochure that explains this program fully? Call or email and I'll get a copy out to you right away. Portland Metro, Clackamas and Washington County neighborhoods have some interesting programs that are available to first time home buyers, some with matched savings programs. Also USDA may be releasing money soon for 100% financing in rural designated properties. (Some not ALL that rural)! Check out a website created by the Portland Metropolitan Association of Realtors: http://www.HOWNW.com It will introduce you to some very attainable help for first time home buyers, including savings matching. Seriously. Newz you can use, just call Suz! 503-481-2256 |