Kerry Vasquez Oregon Home Loan Specialist

08/01/2019

Changes to programs are on the income in the household to be eligible for that program. Rates can be lower and the cost on mortgage insurance are lower, also. These two programs: Affordable Low Down Payment Options Overview: Fannie Mae’s HomeReady® and Freddie Mac’s HomePossible® loan programs are designed to provide more affordable financing options. These programs are for creditworthy buyers and low to moderate income borrowers with expanded eligibility for financing homes in low-income communities. [ 121 more words ]

Changes to programs are on the income in the household to be eligible for that program. Rates can be lower and the cost on mortgage insurance are lower, also. These two programs: Affordable Low Dow…

06/20/2019

Credit Scores touch all of our lives in many ways each day. When we apply for that charge card with a better rate, perhaps get a better cost on what we pay on insurance, and of course when we go to finance a home. Credit Scores being a reflection of our repayment history and usage of credit are utilized by those wishing to extend that new credit card or approve that loan. [ 393 more words ]

Credit Scores touch all of our lives in many ways each day. When we apply for that charge card with a better rate, perhaps get a better cost on what we pay on insurance, and of course when we go to…

04/23/2019

Wondering where those numbers come from? Here is a quick rundown of how credit scores are determined. Payment History accounts for 35% * Late payments damage your credit score. * Positive repayment history improves score * Number of late pays and severity of delinquencies will also impact your credit score. Amount Owed- 30% * Too many credit cards "maxed" out can lower your score. [ 159 more words ]

Wondering where those numbers come from? Here is a quick rundown of how credit scores are determined. Payment History accounts for 35% * Late payments damage your credit score. * Positive repayment…

04/23/2019

USDA Guaranteed Loans – The best government Loan program to Buy a home with little or no money out of pocket! The USDA guaranteed rural housing program is a federally-guaranteed home loan program targeted towards individuals with moderate income to encourage home ownership in “rural” areas. The highlights include… This is True 100% financing with no down payment requirement No monthly mortgage insurance… [ 195 more words ]

USDA Guaranteed Loans – The best government Loan program to Buy a home with little or no money out of pocket! The USDA guaranteed rural housing program is a federally-guaranteed home loan program t…

04/16/2019

We have all found that our credit score is important in all the areas of our life! It is especially when applying for a home loan. The credit score is a statistical evaluation likelihood of your possibility of repaying the debt you are requesting. Credit Scores range from 300-850. The higher the credit score the more favorable your evaluation of your request of credit will be. [ 265 more words ]

We have all found that our credit score is important in all the areas of our life! It is especially when applying for a home loan. The credit score is a statistical evaluation likelihood of your p…

03/12/2019

A “common problem” is to find the right area but the home needs repairs! It can be expensive to finance those repairs after closing on the home. Sellers most likely want to simply close and move on to their next home. Here is how it works.. The loan is closed then the repairs are done by a contractor. The appraisal reflects value of the home after completion of those repairs. 129 more words [ 127 more words ]

A “common problem” is to find the right area but the home needs repairs! It can be expensive to finance those repairs after closing on the home. Sellers most likely want to simply close and move on…

02/28/2019

Financing Options are available to finance repairs when buying a home! T

There are several options available when the property that is right needs repairs. Often the right neighborhood is found for the home but going in debt to update the home after closing is not cost effective.

There are some great loan options with as little as 3% down are available to finance those repairs when buying is so much more affordable! The conventional loan program Homestyle and the FHA 203K are several of those programs to make it more affordable!

01/30/2019

The real estate industry is changing every day! Stay informed in this ever changing world we now live is essential!

This site is designed to provide information useful in the Real Estate finance arena when preparing to look at financing options to purchase a home. It is information that will guide us all to where we desire to be!

Let me share my experience and knowledge in guiding you through the maze of information in all areas of lending. Offering services throughout Oregon!

Kerry Vasquez, CMC

Certified Mortgage Consultant

[email protected]

503-580-4661

01/30/2019

The ODVA loan program continues to be a great choice for Eligible Veterans wishing to finance a home! The Interest Rate on this loan program continues to be one of the lowest available for the 30 year term. This loan program is underwritten here in Salem, and loan approvals are quick and easy! I am proud to offer this financing option for financing.

    The ODVA loan program continues to be a great choice for Eligible Veterans wishing to finance a home! The Interest Rate on this loan program continues to be one of the lowest availabl…