Reduce Your Home Loan Cost Even with a min Down Payment (FHA vs Conv)


A lot of people in today’s market are worried that they don’t have enough cash for a down payment to avoid having to pay mortgage insurance for the life of their loan, like you would on an FHA loan.

But that’s not necessarily true. If you’ve got a decent credit score and at least a 5% down payment (this 5% CAN be “gift funds”), you may qualify for a conventional loan and have much less expensive mortgage insurance – or even eliminate it – right from the start.

Let me show you some real-life scenarios.

You’ll need to call me at 503.698.5801 or visit www.CallNewman.com for specific numbers for your scenario and purchase price.

We can estimate based on how long you plan to stay on the property, and what your true savings would be using a conventional loan verses and FHA.

I look forward to hearing from you, and happy house hunting!

Looking at Home Loans – Mortgage 101


Compare different options to see what’s right for you. There are a lot of mortgage products out there. To help make sense of it all, let’s take a look at some of the most common types of home loans. #Mortgage101

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Choosing a mortgage: fixed or variable rate?


The decision whether to go with a fixed or variable rate mortgage can be difficult, since there are pros and cons to each. Kristine Skinner, Financial Advisor at BlueShore Financial talks about the two main issues to consider and alternative types of mortgages that are a little of each.

BlueShore Financial’s mortgage solutions aren’t one-size-fits-all. We create custom mortgages to match your needs, allowing you to nominate how much of your home loan you would like to be secured with fixed mortgage rates and how much of your home loan (the remaining amount) you would like to put on a variable rate. Your mortgage split is completely flexible — 50/50, 30/70 — you decide, based on your comfort level and tolerance for risk.

For more information, visit us online

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How to get the best mortgage rate? Negotiating with the bank – Part 2


Albert continues his discussion on making sure you get the best mortgage rate. There is a lot of information (and more that could not be included), so you might have to play the video a few times or simply email Albert with any of your questions. As you will see, the trust factor is key to getting the best rate. If you want to find out what are the best current rates out there, send Albert an email to albertyu@gloriayuhomes.com