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!
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
Get Help With Buying A Home In Portland and Gresham
Portland and Gresham locals looking to buy a home can rely on Stonebridge Mortgage Group for expert advice and assistance with all your mortgage needs. Portland and Gresham first time home buyers are often especially in need of professional mortgage advice when looking for their first home. Buying a home can seem overwhelming, but Stonebridge Mortgage Group is here to help. Stonebridge Mortgage Group offers professional assistance to Portland and Gresham first time home buyers and homeowners. 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.
When Is The Best Time To Buy A Home In Gresham And Portland?
Portland and Gresham locals looking to buy homes are in for good news! Now is a great time to purchase a home in Portland or Gresham.
Last time we talked to you about the low rates on the Gresham mortgage market. While Gresham benefited from a dip in mortgage costs in September, it seems rates are on the rise again. However, now is still the best time to purchase a home in Gresham! Gresham home buyers should take advantage of current low rates in Gresham, as predictions seem to indicate that rates will rise through the tail end of the year. With the current low rates, the median home value in Gresham is $343,600. Gresham home values have gone up 3.0% over the past year. However, while Gresham mortgage rates are still on the rise, those looking to buy a home in Gresham will be pleased to know that prices are lower in Gresham than in the Portland metro areas. The median list price per square foot in Gresham is $205, which is lower than the Portland-Vancouver-Hillsboro Metro average of $232. The median price of homes currently listed in Gresham is $359,900 while the median price of homes that sold is $339,800.
Looking to buy a home in Portland? Now is a better time than ever. Portland is currently experiencing low rates in the housing market. Current, the Portland market is a buyer’s market! A buyer’s market is always the best time for Portland home buyers to be looking for a home. Take advantage of these Portland low rates while they last! The median home value in Portland is $416,400. Portland home values have declined -2.0% over the past year. That is an amazing change in the housing market in favor of homebuyers, leading to the current buyer’s market low rates on homes in Portland. The median list price per square foot in Portland is $290. The median price of homes currently listed in Portland is $459,900 while the median price of homes that sold is $424,300.
Don’t Miss Out On Low Rates In Gresham And Portland!
Portland and Gresham home buyers should always remember that the housing market, and thus mortgage rates, can be fickle. Low rates are never guaranteed to stay, so taking advantage of low rates and a buyer’s market when you can is highly advisable. If you’re currently in the process of buying a home with low rates, consider locking in your rate with your lender to protect yourself against an unsuspected sudden rise in mortgage rates. Remember, when you need help with mortgage matters in Portland or Gresham you can always rely on Stonebridge Mortgage Group! At Stonebridge Mortgage Group, we are proud to help Gresham and Portland locals. With our expert services and advice, we can help you get the best deals possible on your home. Take advantage of low rates now! Call Stonebridge Mortgage Group today!
Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters
During the search for your dream home, you’ve likely heard friends or your real estate agent talking about mortgage brokers. Indeed, finding a good mortgage broker is a key step in getting the right rate and fee structure mortgage for your home. Naturally, though, first-time home buyers will have many questions about what exactly a mortgage broker is and what they do.
What is a mortgage broker?
Your mortgage broker acts as the middleman between you and potential lenders. They will work on your behalf with several banks to find mortgage lenders who best fit your needs.
Mortgage brokers are licensed and regulated financial professionals. They will do the work of gathering documents from you, pulling your credit history, and verifying your income and employment – all information that they need to apply for loans on your behalf. Once the loan and lender has been settled on, your mortgage broker will keep in touch with the bank’s underwriting department, the closing agent, and your real estate agent to ensure the transaction runs smoothly all the way through closing.
What are the benefits of using a mortgage broker?
As mentioned above, your mortgage broker does a lot of leg work for you. They apply for loans with different lenders on your behalf, find the lowest mortgage rates, negotiates terms, and make sure all of the information needed is accurate at hand – such as your credit rates and other financial information.
Mortgage brokers also often have relationships with several local, regional, and even sometimes national lenders because it is part of their job to work with these professionals on a regular basis. You get to use those connections to your benefit and may even get some loan fees waived for you. Your mortgage broker works for you directly, and so can give you more one-on-one attention than a loan officer at a bank.
Some banks and lenders even work exclusively with brokers. Having a mortgage broker broadens your scope of available lenders. Brokers also save you time. Applying for different loans is a lengthy process, and there must be a constant open stream of communication when underwriting the loan and ensuring the transaction stays on track. A mortgage broker saves you hassle, stress, and hours and hours of time during this process.
Stonebridge Mortgage Group is the Name You Can Trust for Mortgage Services
If you’re looking for mortgage broker services, look no further than Stonebridge Mortgage Group. When you need a mortgage broker in Gresham, Stonebridge Mortgage Group is the name you can trust, and our services don’t stop there.
When buying a home for the first time, it is incredibly important to have professional help. Buying a home is a complicated process, and you’ll need to have someone with experience on your side to make the home buying process smoother.
A qualified real estate agent is a must for first-time homebuyers. As with many of the technical aspects of homebuying, though, first-time buyers may experience confusion when searching for the right real estate agent. But what is a real estate agent, exactly? What is their job, and what can they do for you? Is it necessary to hire a realtor? What’s the difference between a realtor and a real estate agent?
A real estate agent, simply put, is a licensed professional who assists both buyers and sellers of real property. A good real estate agent can assist you with the home buying process in many ways. It should be noted that there is a difference between the buyer’s agent and the agent who lists the home you buy. When you hire a buyer’s agent, they will work with you and for your best interests. The listing agent is working to sell the property they represent.
When looking for a real estate agent, look for one who specializes in both your price range and neighborhood. Your agent previews likely properties on your behalf to save you time, so having someone who is familiar with working within your price range and neighborhood is beneficial. Skilled real estate agents possess skill and experience in negotiating, and will help you stay focused and calm. They will also be familiar with the required paperwork and the processes that come with purchasing a home and will help make sure you close on time.
Real estate agents qualify for their positions based on the requirements of the state they work in. The State of Oregon currently requires an additional 150 hours of education on top of a high school diploma or GED, a minimum age of 18, registration with the Oregon Real Estate Agency, and the passing of a state licensing exam. Realtors are agents who are also members of the National Association of Realtors, or NAR. NAR has a code of ethics that its members are expected to uphold and makes additional education available to its members (though it does not require it).
WHAT TO LOOK FOR
There are a few things you want to focus on when you decide to look for a real estate agent to represent you as a buyer. First-time homebuyers will want to look for the following qualities in a real estate agent:
A Full-Time Professional
While there are many people who act as a real estate agent on the side of what they do full-time, it is preferable to have someone who is more dedicated. A full-time professional with some years in the business will be more knowledgeable and capable.
Consistent and Dependable
You don’t want to be represented by an agent who has jumped between many different local firms. Look for someone who is steady, someone whose career would lend itself to experience.
Well-Linked and Respected
Reputation can often speak for itself. It doesn’t hurt to ask for recommendations or a list of clients from your potential candidates. Look online for reviews from their previous clients and check to make sure they have no complaints with your state Real Estate Division. An agent who has good professional relationships with other local agents can use that to your advantage. Remember, an agent who is licensed through a good firm and who has a good standing in the community is more likely to give you the help you need.
Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters
Still looking for help with buying your first home? 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 or commercial space, we’re ready to help you get there.
The Portland metro housing market is experiencing a moment of remarkable growth, and for some potential homebuyers, this competitive real estate environment may prove to be less than attractive. However, there are many smart investments new homebuyers can make, even in a crowded market. In fact, these three tips can help novice homebuyers make the best decisions when purchasing a home.
Avoid Red Flags
Look for investments that are low risk. All real estate is risky in one way or the other, but what should be on your radar are properties that have a tenant in common (TIC), are classified as fixer-uppers, or are in neighborhoods you find questionable. Utilize all your tools like walk-throughs and tours, inspections, and due diligence to ensure the property that catches your fancy won’t end up a money pit down the road.
Quicker Fixer Uppers
If fixer-uppers aren’t a deal breaker for you, look for renovation ready homes that can be flipped in less than a few months. Anything longer than that and you’re looking at a loss on your investment.
Look for properties that pay a fair cash-on-cash return. If your liquid assets see a 4 percent or 6 percent return, you should expect the same cash-on-cash rate of return on your real estate.
When buying a new home, you will be faced with many important choices, and choosing a lender is likely going to be one of the most crucial decisions you’ll make. There are many lenders in your area and still more institutions with virtual armies of representatives, all willing to say whatever it is you need to hear in order to get your business. Choosing your lender should be a contemplative process that weighs not just job titles and big bank supervision, but also a litany of smaller cues that should eventually tell you everything you need to know about a potential lender.
Start your quest for your perfect lender by gathering recommendations from friends and family members who have good mortgage experiences to share. You may find the big banks less attractive once you’ve heard how effective local mortgage brokers can be.
What’s In a Name?
Don’t get hung up on job titles or the amount of impressive-looking initials after a professional’s name (MBA, CPA, etc.), however, do take note of these, they can be largely indicative of the lender’s expertise. Keep these lenders in your sights as you move forward in your decision process.
Delve into your own community for local lenders who have an intimate knowledge of the area in which you are buying and can help guide your decisions with very applicable experience.
David is so professional and accommodating. I appreciate his level of professionalism and willingness to help.
We have chosen Stonebridge a couple times now, and they are always a pleasure to do business with.
David with Stonebridge has helped me on multiple occasions, between financing a new home as well as a couple of refi's over the years. I cannot stress how communicative he is when it comes to keeping his clients in the loop. Even when there was a slight lull during my most recent refi I would receive an email just letting me know that nothing new had transpired yet so I never had to question what was going on.
I have worked in the Real Estate field for almost three decades and David is by far the most responsive and professional mortgage Broker that I have dealt with.
If you need help purchasing a new property or help with a refi you can't go wrong by hiring Stonebridge!
Refinancing our home through Stonebridge Mortgage was a great experience. They locked in a great rate, laid out each step along the way, and provided regular updates throughout the process. It couldn't have gone more smoothly and now we are saving $300/mo! Thank you Stonebridge Mortgage!
David is very easy to work with and makes the entire process very simple. I have used Stonebridge for initial purchase and refinance and it only gets better. Get the straight answer quickly from Stonebridge
I've had nothing short of an amazing experience working with Stonebridge. I bought my first home over 2 years ago and without their help I may still be living in an RV. I intended to refinance my home later this year and I will most definitely be working with Stonebridge. I highly recommend. PS, I was qualified at the time with a credit score of 640
David was wonderful to work with. He was highly recommended to me by my partner who had worked with David a few years ago.
The day I contacted David he immediately put everything in motion
to assist me in refinancing with a much better interest rate.
We were able to handle everything by email /phone and Fax. He
responded quickly to questions I had. And let me know immediately
if something needed to be done or changed.
I would definitely work with David in the future if the need arises. The process went smoother than any other time I have worked with mortgage
David was an absolute pleasure to work with! He was consistently responsive, on top of every detail and always so upbeat and funny! (An added perk that I truly appreciated during the stressful process of selling AND buying at the same time!) I will be recommending him to everyone I know!
David was a good man to do business would
do business again