Stonebridge Mortgage Helps First Time Home Buyers 

Stonebridge Mortgage Helps First Time Home Buyers 

Stonebridge Mortgage_loan officer services_1

The People Of Gresham Rely On Stonebridge Mortgage 

Many Gresham locals already know that Stonebridge Mortgage Group offers highquality mortgage-related services. Gresham locals looking to buy a home for the first time should turn to Stonebridge Mortgage Group for experienced and professional service. Are you in need of loan officer services? Perhaps you need mortgage broker services? Stonebridge Mortgage Group offers that and more. We’re eager to help Gresham locals by guiding them through the home buying process. 

Don’t Hesitate To Seek Out The Help You Need Through Stonebridge Mortgage Group 

Many first time home buyers in Gresham find themselves overwhelmed by the process of buying a home, and it’s easy to understand why. There is a lot of information about the home buying process to learn and a lot of costs and fees that you may not be aware of until you’re deep in the process of looking for a home. That’s why Stonebridge Mortgage Group is here to help. 

Stonebridge Mortgage Group Comes Highly Recommended 

Gresham locals can rest assured that our services are backed by the recommendations of our past customers. Stonebridge Mortgage Group’s testimonials are overwhelmingly positive. For example, Steve F. says of our services: 
 
“Overall: excellent. Responsive, knowledgeable, personal attention. In particular, the ability to manage documents electronically is a huge convenience and time-saver.” 

The team at Stonebridge Mortgage Group is ready to use our knowledge about home buying to make the home buying process as easy as possible. Gresham locals, don’t hesitate to make use of our professional and convenient services! 

Stonebridge Mortgage Group offers the best mortgagerelated services! 

What Types Of Services Does Stonebridge Mortgage Group Offer In Gresham? 

Stonebridge Mortgage Group is proud to offer a variety of services in the Gresham area. We want to offer our Gresham clients, especially first time home buyers, all the help they could need to make it through the home buying process. 

Mortgage Brokers And Loans Officers

We’ve mentioned already two of the services we offer that are commonly useful to Gresham first time home buyers – mortgage brokers and loan officers. First time home buyers sometimes have a difficult time telling the two positions apart, though. Here are how mortgage brokers and loan officers differ. 

It is the job of the mortgage broker to negotiate with lenders and your behalf to find loan programs that are most suited to you. Ideally, you want a loan program that has the best rates and terms as well as low closing costs. A mortgage broker is actually a type of mortgage business and can hire on loan officers. Loan officers can work or a mortgage lender, credit union, or a bank. After reviewing your finances, they can recommend a loan for preapproval.  

Real Estate Loans 

Stonebridge Mortgage Group also offers real estate loans. The team at Stonebridge Mortgage Group works with the understanding that the needs of each of our Gresham clients is unique. We take the time to get the full picture of your finances so that we can find the loan that is right for your particular needs 

Reverse Mortgages 

Reverse mortgages, which are only available for homeowners aged 62 and up, are useful for converting a portion of the equity you have in your home to cash so that you can use that cash to help your retirement. We help you consider your options to find out if this is the right choice for you. 

And More! 

Stonebridge Mortgage Group offers other services as well, and we’re eager to help our Gresham customers in any way we can. Don’t wait to call Stonebridge Mortgage Group when you need help with mortgage matters! 

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters 

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home! Call Stonebridge Mortgage Group today at 503-661-5580. 

Why You Should Work With An Independent Mortgage Broker

Why You Should Work With An Independent Mortgage Broker

Stone Bridge Mortgage Group_Why You Should Work With An Independent Mortgage Broker

For Mortgage Related Services In Portland Turn To Stonebridge Mortgage Group

Buying a property, whether as your own personal home or as an investment property, can be a complex process. Stonebridge Mortgage Group urges the people of Portland to rely on us for all of their mortgage-related services. We are eager to serve people in Portland and the areas surrounding it. We’re here to help you understand all of the processes that are part of buying a home or property. We’ll guide you through the entire process, from preapproval to the closing of the sale.

What Services Does Stonebridge Mortgage Offer?

Stonebridge Mortgage Group offers a wide range of mortgage-related services for or Portland customers and those in the surrounding areas. Stonebridge Mortgage Group provides loan officer services as well as mortgage broker services in Portland. We help Portland locals with real estate loans of both the residential and the commercial variety. Additionally, if you are considering a reverse mortgage in Portland, Stonebridge Mortgage Group can help you figure out how a reverse mortgage could benefit you and how to apply for one.

Mortgage Rates Are Low In Portland And The State Of Oregon

Portland locals looking to buy homes or investment properties will find that they are at an advantage right now. Interest rates for mortgages remain relatively low as we begin the month of May. Now is a good time to look for property to invest in, whether as your own personal home in Portland or as a business. Stonebridge Mortgage Group can help guide Portland locals through the process of purchasing a property as a home or an investment property. We will work to help you find a property for a price and mortgage settlement that works with your budget.

Stonebridge Mortgage Group offers the best mortgage-related services!

Why You Should Work With An Independent Mortgage Broker

Stonebridge Mortgage Group is an independent mortgage broker service. As such, we are dedicated to providing direct services quickly to our Portland clients. Portland locals, if you apply to a larger lending agency, you may have to wait in a queue to receive their help on mortgage matters. Stonebridge Mortgage Group, however, makes it a priority to provide services as quickly as possible to our Portland clients. We understand that purchasing a property can be a time-sensitive thing. We want to enable our Portland clients to act on the low-interest rates for buying properties in Portland as soon as possible!

What Does A Mortgage Broker Do?

Mortgage brokers can help Portland locals compare the offers from different lenders and find which lender works best for any given client. After all, Stonebridge Mortgage Group understands that each of our Portland clients has unique needs. We’ll provide information about the lenders that loan money near you, which lenders offer specific types of mortgage, and how different types may suit your needs, and so on. We save you the effort of needing to apply to each individual lender yourself. We do the leg work so you can focus on deciding which option is the best for your needs. If you’re ready to find out more, contact Stonebridge Mortgage Group today!

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

Call Stonebridge Mortgage Group today at 503-661-5580.

Why You Should Buy Investment Properties Now

Why You Should Buy Investment Properties Now

Why You Should Buy Investment Properties Now

Stonebridge Mortgage Group Helps With All Your Mortgage Related Services

If you live in the Portland, OR area and are looking for help with buying a home or investment property, Stonebridge Mortgage is here for you. Portland locals in need of who are looking to be preapproved for a home, who are in need of a mortgage broker’s services, or who are looking for a loan officer will find the high-quality services they need with Stonebridge Mortgage Group.

Whether you’re looking to by a Portland home or thinking of purchasing an investment property, Stonebridge Mortgage Group is dedicated to helping Portland locals understand the ins and outs of home buying. An important aspect to consider when buying any property is if the numbers are on your side. For example, Portland locals should look into if interest rates are higher or lower than usual before buying a property.

What Is A Mortgage Interest Rate?

Your interest rate when buying a property is what it costs to borrow the principal loan amount for your Portland property. The interest rate and principal balance left to pay on the property together determine what your monthly payment will be. Securing a property when the interest rate is low will ultimately make the purchase of said property cheaper for you.

Stonebridge Mortgage Group offers the best mortgage-related services!

Interest Rates In Portland Are Downs

Interest rates in Portland are currently low, and it looks to stay that way as we go further into April. Portland locals should take advantage of these all-time low-interest rates while they can, especially if they are interested in buying an investment property!

What Is An Investment Property?

When one purchases a property as an investment rather than a personal home, one hopes to earn a return on the investment of that property. Most accomplish earning a profit on an investment property by becoming a landlord and renting the property out or improving the property to benefit from selling it in the future. With interest rates at an all-time low, now is the best time for Portland locals to consider purchasing investment properties. Stonebridge Mortgage Group is eager to help people in Portland and the areas surrounding as they consider investing in properties.

Current April Interest Rate Predictions

Currently, it looks as though interest in April rates will average at approximately 3.7%, but we encourage Portland locals to keep an eye on things as we go further into the month of April.

Call Stonebridge Mortgage Group To Get Pre-Approved

If you’re looking into buying an investment property in Portland or the areas surrounding, don’t forget to get pre-approved! Getting pre-approved to buy a home or property should be one of the first things you do when you’re considering investing in property. Having a pre-approval shows that you are serious about purchasing a property.

After pre-approval, Portland locals will have a better idea of how much they can borrow. Your offer will be more competitive because sellers will know that your current financial situation has been reviewed by a lender, and approved you for the home-buying process. Additionally, pre-approval will let you know if there are any potential issues you need to smooth out before getting pre-approved, and thus buying a home.

Get Pre-Approved For Free With Stonebridge Mortgage Group

Stonebridge Morgage Group offers free pre-approval services to our Portland clients! Don’t wait to get pre-approved. With pre-approval, you will be better prepared to find a home that suits your needs and is within your budget. Stonebridge Mortgage group advises against looking for homes before pre-approval. There’s are few things worse than falling in love with a home you can’t afford, after all. Call today for free pre-approval! Call us at 503-254-9779, or submit an application for pre-approval online.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home! Call Stonebridge Mortgage Group today at 503-661-5580.

Act Now To Get Pre-Approval While Rates Are Low

Act Now To Get Pre-Approval While Rates Are Low

Now Is The Time For Home Buyers In Portland To Act

Now Is The Time For Home Buyers In Portland To Act

Stonebridge Mortgage Group is dedicated to helping home buyers in Portland! First time home buyers in the Portland area may find themselves at a loss when looking into purchasing a home. It can be a complex process, especially if you’re not familiar with it. Don’t worry, Portland locals. Stonebridge Mortgage Group is here to help. We are ready to offer Portland locals the information and advice they need in order to make the home buying process easier. Don’t wait to learn what you need to know about home buying in Portland – contact Stonebridge Mortgage Group today! Whether you’re looking for loan officer services, mortgage broker services, help with reverse mortgages, or if you’re in need of a real estate loan, Stonebridge Mortgage Group can help you.

Mortgage Interest Rates Continue To Be Low In The Portland Area

If you’re looking to buy a home in the Portland area, now is the time to act! Right now in Portland, it is a buyer’s market. Portland home values have declined -0.9% over the past year! The median price of homes currently listed in Portland is $450,000 while the median price of homes that sold is $424,300. Don’t miss out on the amazing deals you can get now when purchasing a home. However, it is important to note that low rates are never guaranteed to stick around. Take advantage of the low mortgage rates while you still can!

Lower Interest Rates Make For Easier Loan Approval For Portland Home Buyers

Did you know that lower interest rates can help some buyers have enough money to qualify for a mortgage that they wouldn’t qualify for otherwise? It can be incredibly difficult to save up enough money and get finances in order to a place where you can be approved for a loan. Some families even stretch themselves too thin to be able to purchase a home – leaving them in a precarious financial situation. However, a lower interest rate can sometimes make the difference between mortgage approval and waiting until some debt is paid off to qualify. With the low-interest rates in Portland, now it is easier not only to afford a home but to be approved for a loan as well!

APPLY ONLINE NOW

Looking To Be Pre-Approved To Buy A Home In Portland? Contact Stonebridge Mortgage Group!

At Stonebridge Mortgage Group, we’re eager to help Portland homebuyers through the pre-approval process! Pre-approval is an important part of the home buying process as it tells you how much of a home you can afford. Generally speaking, you want to aim for a home that is listed at a price less than the total of your pre-approval. Pre-approval helps give Portland home buyers a competitive edge in the home buying market. A pre-approval letter for a mortgage tells sellers that you are serious about seeking out a home. The housing market is extremely competitive, and you need all the edge you can get. Don’t make the mistake of leaving the boring paperwork for later while indulging in the excitement of looking for your Gresham home right away. You don’t want to make an offer against another buyer who has been pre-approved for a mortgage when you have not.

With Stonebridge Mortgage Group, Portland home buyers can get pre-approved over the phone or online! If you have any questions about pre-approval, feel free to contact us or call us. We can help. Once you have the necessary documentation ready, you’re ready to apply online for mortgage pre-approval!

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

Stonebridge Mortgage Group offers experienced loan officer and mortgage broker services in Gresham. You can rely on Stonebridge Mortgage Group to help guide you through every step of the home buying process. We help get you pre-approved for a mortgage, assist with real estate loans, and provide mortgage solutions — both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. If you’re ready to buy your first home, we’re ready to help you get there.

Call us today at 503.661.5580

 

 

The Difference Between Pre-Qualification and Pre-Approval, Part One

The Difference Between Pre-Qualification and Pre-Approval, Part One

Stone Bridge Mortgage Group_The Difference Between Pre-Qualification and Pre-Approval

Stonebridge Mortgage Group aims to help Portland home buyers to understand the intricacies of buying a home. First time Portland home buyers might be understandably confused by all of the different terms and phrases used in various points of the process of buying a home. For example, the terms pre-qualification and pre-approval are often used interchangeably when seeking out information about mortgages. However, they are not the same.

Our last post explains the specifics of a getting pre-qualified for a mortgage. Now, Stonebridge Mortgage Group will explain the details of getting pre-approved for a mortgage.

Mortgage Pre-Approval

Mortgage pre-approval comes after mortgage pre-qualification. The process of getting pre-approved for a mortgage is much more involved. While a pre-qualification acts as a good indication of creditworthiness and the ability to borrow, a pre-approval acts as more definitive proof.

In order to get pre-approved for a mortgage, you must complete an official mortgage application and you must supply the lender with all the necessary documentation to perform an extensive check on your financial background and current credit rating. The lender will then review your finances, and can pre-approve you for a mortgage up to a specified amount. The interest rate you’ll be charged on the loan is based in part on your credit score, so this is when you’ll get a better idea of what that interest rate may be. You might even be able to lock in an interest rate. Some lenders charge an application fee for pre-approval, which can amount to several hundred dollars.

After you are pre-approved for a mortgage, your lender will provide you with a conditional commitment in writing for an exact loan amount, allowing you to look for a home at or below that price level. This gives Portland home buyers an advantage with the seller because the seller will know they are one step closer to getting an actual mortgage.

How Pre-Qualifications and Pre-Approvals Differ

The following is a brief comparison to show how a pre-qualification and a pre-approval differ:

 

Pre-qualification

Pre-approval

1. Do I need to fill out a mortgage application?

No

Yes

2. Do I have to pay an application fee?

No

Maybe

3. Does it require a credit history check?

No

Yes

4. Is it based on a review of my finances?

No

Yes

5. Does it require an estimate of my down payment?

No

Yes

6. Will the lender give me an estimate for a loan amount?

Yes

No

7. Will the lender give me an estimate for a loan amount?

Yes

No

8. Will the lender give me interest rate information?

No

Yes

For more information on pre-qualifications and pre-approvals read, The Difference Between Pre-Qualification and Pre-Approval, Part Two, where Stonebridge Mortgage Group walks Portland first time home buyers through the specifics of what it means to get pre-qualified for a mortgage loan.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580

 

How To Shop Around For A Mortgage, Part Two

How To Shop Around For A Mortgage, Part Two

Stone Bridge Mortgage_Mortgage Broker vs Bank Lender

 

Gresham first-time home buyers may feel daunted with all that the information that comes along with buying a home. However, Gresham home buyers shouldn’t feel overwhelmed. By carefully educating themselves, they can ensure that they get the best experience when shopping for a home. Stonebridge Mortgage Group is eager to help our Gresham clients understand the ins and outs of mortgage.

Keep in mind that shopping around for your mortgage is important. Just like you wouldn’t settle on the first house you saw, you shouldn’t settle on the first mortgage you discuss with one lender. Shop around and do your research to find a mortgage that truly works for you.

To aid in shopping for your mortgage, here are a few more terms you should know about when shopping for a mortgage:

Interest Rates

To make sure your mortgage is affordable, it is crucial to get the best interest rate possible. Do your research to find out what the latest mortgage interest rates is before seeking out a mortgage lender. This means you will know what to expect and prepares you for potential negotiations. For example, if you know that the national interest rate average is around 4.5% in the morning and a particular lender offers you 5%, you know you have room to negotiate. Get quotes from at least four lenders to compare your options, but make sure you are comparing rates on the same types of loan.

Points

When speaking to potential lenders, ask about how many points you will have to pay to obtain the specific interest rate. Mortgage points are pre-paid interest. One point equals 1% of the loan amount. The more points you pay upfront, the lower your loan’s interest rate. This can be beneficial for Gresham home buyers in the long run.

Annual Percentage Rate (APR)

Although some people use “APR” and “interest rate” interchangeably, your APR is something very specific. Your Annual Percentage Rate shows the true cost of obtaining a loan, including points, the interest rate, broker fees, and any other charges. Ideally, Gresham home buyers want to aim for an APR that is as low as possible, because a lower APR means you are getting a better deal.

After taking into consideration the type of loan, interest rate, repayment terms, and APR Gresham home buyers can sit down and make the choice about which loan is best.

Locking In Your Rate

The next step for Gresham home buyers, after finding a mortgage loan that suits them and receiving preapproval, is to ask the lender to lock in the interest rate and provide you with a document in writing that states the interest rate you locked in, the number of points you must pay, and how long the interest rate will be locked in before the offer expires.

This is a way to secure your mortgage being what you need it to be. Locking in an interest rate means that even if interest rates rise within the specified time that you were guaranteed, you can still option a mortgage loan for the lower rate that you locked in. However, this can also work the other way. Should the interest rate lower within that time, you could be stuck with a higher rate. All things considered, though, it is generally a wise idea if to lock in your interest rate if you are serious about purchasing a home soon.

After all of the above, it is time to shop around. There are a variety of ways to shop around for a mortgage in today’s market – whether it be by going to an independent mortgage broker, calling local banks and credit unions, or shopping online. Carefully consider your options before committing. If you have any questions about mortgages, you can always rely on Stonebridge Mortgage Group for help.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

Call us today at 503.661.5580