Banks really do want to make home loans

In the aftermath of the housing bubble, there was a common perception that mortgages were impossible to obtain, that banks didn’t want to make home loans. Based on a recent publication from Oregon Community Credit Union on the home mortgage environment, that perception appears to persist. It’s worth remembering that one of the primary fallouts of

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ARM vs. fixed-rate loan: Which is right for you?

Even though interest rates for traditional 30-year mortgages are near the lowest on record, some home buyers in Bend, Oregon, take on adjustable-rate mortgages, or ARMs. These loans start, for a predetermined time, with an interest rate even lower than that of a traditional 30-year loan, after which the rate adjusts – and payments can

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How to find a lender that’s right for you

If you’re in the market to buy a home, you’re probably in the market for a mortgage, as well. Here are some suggestions on choosing a lender. Know your options for obtaining a mortgage. You’re not limited to a bank with nationwide branches or one of the big online lenders. Credit unions and regional banks

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New forms are easier, but homebuyers should know more about TRID

  By Jason Boone Before buying real estate in Bend, Oregon, it’s helpful for a prospective buyer to know more about some important documentation changes. The TILA–RESPA Integrated Disclosure, or TRID, is a mouthful for most anyone to say. But what might be difficult to say (the government is calling it Know Before You Owe)

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