Northstar Mortgage - Pacific NW

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United States
Sherwood, OR
Northstar Mortgage - Pacific NW

Northstar Mortgage. A family-owned mortgage broker since 1998. Low fees. Lower rates. Amazing Service NMLS 186708

09/29/2023

Happy Friday!

Have you ever wondered if it’s better to build from scratch vs. doing a fixer upper?

It depends on a lot of factors. Here are a few pros and cons to consider...

New Construction:

Advantages:
• Modern Features: New constructions come with modern amenities, energy-efficient systems, and the latest design trends.
• Minimal Repairs: Since everything is new, you're less likely to face immediate repair or maintenance issues.
• Customization: Depending on the stage of construction, you may have the opportunity to choose finishes, layouts, and upgrades to match your preferences.
• Warranty: New homes often come with warranties that cover structural components and appliances.

Fixer-Upper:

Advantages:
• Lower Initial Cost: Fixer-uppers typically have a lower purchase price, allowing you to invest more in renovations.
• Customization: You can renovate and personalize the home according to your style and needs.
• Equity Building: Renovations can add significant value to the property, potentially leading to a return on investment.
• Character: Older homes often have unique architectural details and historical charm.

Ultimately, the decision between a new construction and a fixer-upper depends on your personal preferences, financial situation, and willingness to invest time and effort. It's important to carefully weigh the pros and cons of each option before making a choice.

As your local mortgage advisor, I can help you take all these factors into consideration along with your personal situation to advise you on the BEST choice to achieve your goals. It all starts with a quick chat.

PM me today! 📲

09/28/2023

The world's largest desert isn't covered in sand – it's covered in ice. Antarctica, with its vast ice sheet, is considered the world's largest desert by definition. Despite its freezing temperatures, it receives very little precipitation, making it a true desert environment.

09/27/2023

Yes, you can indeed get a Home Equity Line of Credit (HELOC) on an investment property. A HELOC is a type of loan that allows you to borrow against the equity you've built in your property.

Here's how you can get a HELOC on an investment property:

1. Build Equity:

To be eligible for a HELOC, you typically need to have built up a significant amount of equity in the investment property. Equity is the difference between the property's current market value and the outstanding mortgage balance.

2. Lender Requirements:

Research and contact lenders to understand their specific requirements for offering HELOCs on investment properties. Different lenders might have varying criteria and terms.

3. Rental Income:

Some lenders may consider the rental income generated by the investment property as part of your income when evaluating your eligibility.

Before proceeding with a HELOC on an investment property, let’s have a chat so we can explore all your options.

A HELOC can be a useful financial tool, but it's essential to understand the terms and responsibilities associated with borrowing against your property's equity.

For more info, PM Me today! 💬

09/26/2023

Another Happy Client: “I started this process on October 20 and by Nov 6, we closed on our loan! Unbelievably fast, professional, and responsive service. My contact was Ben Davis. I can't thank him and Northstar enough. They saved me over $500/month on my VA refi. went from 4.25% to 2.25% and total fees were less than $6,000. I'll save $130K! Contact them if your looking to refinance!” - Chris P.

09/25/2023

Are you thinking about listing your home?

If so, remember this: NOT ALL REALTORS ARE CREATED EQUAL!

In fact, not hiring the right listing specialist can cost you tens of thousands of dollars, not to mention wasted time in frustration and stress.

Why settle for second best when you can work with BEST – and get results that rise above the rest?

That's why you owe it to yourself to explore your options before you go ahead and sign the listing agreement with your previous low-producing Realtor.

For my personal recommendation on the best listing agent your area, who has a proven track record of selling homes fast and for top dollar, PM me today!

09/22/2023

Happy Friday!

With all the uncertainty in the market, you may be wondering...

Should I buy now or wait?

Whether you should buy a property now or wait depends on your individual circumstances, financial readiness, market conditions, and long-term goals.

Here are 3 factors to consider:

1. Financial Readiness:
Assess your financial situation, including your credit score, income stability, and available funds for a down payment and closing costs. Make sure you're financially prepared for homeownership.

2. Interest Rates:
Monitor the current mortgage interest rates. Historically low rates can make homeownership more affordable, but they can change over time.

3. Affordability:
Calculate the total cost of homeownership, including mortgage payments, property taxes, homeowners insurance, maintenance, and utilities. Ensure that you can comfortably afford these costs without straining your budget.

That being said, if you can afford to do so, it’s always a smart move to start building equity in your own home, so you can create generational wealth for your family’s future.

For more info on how you can leverage other people’s money (i.e. mortgage) to purchase your next property, shoot me a message. I’m here for you! 😊

Address

16135 SW Railroad Street
Sherwood, OR
97140

Telephone

+15039368108

Website

http://northstarpnw.com/

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