Mortgage lending in Portland, Oregon was once a matter of meeting with your bank.  Often banks were locally owned and operated.  A local bank knew who their customers were and understood their needs. Like other industries, the banks have grown by consolidation, and gobbling up the little guys.  State chartered banks moved into the national arena, […]

Most people are now aware that your credit scores are important when you apply for a mortgage loan, but few understand where these scores come from or what you can do to improve your score. So let’s begin with the basics.
The first thing to understand is that there are three major credit bureaus used […]

Twenty years ago, you could not find a conventional mortgage broker in the state of Oregon.  If you needed a conventional, FHA or VA loan on your home, you had to get it from your local bank or Savings and Loan.  Your options were usually limited to a thirty year fixed rate mortgage and if you did not meet the bank’s requirements, you had nowhere […]

Most people in this country will purchase a home in their lifetime.   In fact, it is national policy to promote home ownership.  To facilitate this, the government has created programs such as FHA and VA loans.  Freddy Mac and Fannie Mae are quasi-governmental agencies with a goal to promote home ownership and have done so […]

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