My Blog
How To Shop Around For A Mortgage, Part One
Most home buyers, even beginners, know that you don’t settle on the first home you find. You’re meant to shop around. Something else you may not know, however, is that it’s wise to shop around for a mortgage, too. Finding the right mortgage loan is incredibly...
How To Prep Your Credit To Buy A Home
Gresham Locals Looking To Buy Homes Need To Build Credit One of the most important things to have in order as you prepare to buy a home is your credit score. Gresham home buyers should know that their credit score plays a huge role in being able to secure a...
Reverse Mortgages Gaining Acceptance In Gresham
Once Controversial Reverse Mortgages Gaining Acceptance in Gresham Though some people remain skeptical of reverse mortgages, many are beginning to see them as a useful tool for those who lack enough savings to augment their retirement income. The bad reputation that...
Home Appraisals and Inspections
If you’ve begun looking for your first home, you’ve likely heard of a getting a home appraisal and home inspection. What exactly are home appraisals and home inspections, though? Is there a difference between the two? Are they really necessary? Home Appraisals...
How Does a Reverse Mortgage Work?
What is a reverse mortgage?A reverse mortgage allows homeowners of a certain age, 62 years and older, to borrow from their home’s equity without having to make monthly mortgage payments. As the borrower the homeowner may then choose to take funds in a lump sum, line...
FHA Loans And How To Qualify
If you want to buy a home, but don't have 20% of the mortgage to put down and your credit is less than perfect, you don't have to give up on your dream of homeownership. With the right loan, you can still get a home! FHA loans are very popular among first-time...
Mortgage Loans: Fixed Rate vs. Adjustable Rate
If you plan to stay in your home for at least seven to 10 years, a fixed-rate mortgage offers stability with your monthly payments. On the other hand, if you don’t plan on staying in your home for a while an Adjustable Rate Mortgage (ARM) could save you big on...
When to Consider a Reverse Mortgage
There are lots of factors to consider when deciding if a reverse mortgage is right for you. The largest factors include: your age, do you plan on staying in your home and will you still be able to afford taxes, what you plan on leaving your heirs, and home...
Get To Know Each Of Stonebridge’s Residential Services
Stonebridge offers a number of residential real estate services for our Gresham neighbors. Consider each of our residential services next time you venture forth into the Portland area real estate market, either as a buyer or a seller.Reverse MortgageA reverse mortgage...
Things To Know About Reverse Mortgages
It's crucial that buyers considering reverse mortgages have a clear understanding of what precisely is available to them. Each person’s situation is unique, so it's imperative that your mortgage group works judiciously to ensure that you are accurately informed....