Looking for a LIST OF FORECLOSURES in MEDFORD, OREGON ?
Most people's idea of a FORECLOSURE is a beat up old house that needs loads of work. This is not always the case, especially in today's market. I can give you a LIST of FORECLOSURES that the previous owners spent time and money upgrading and are a great deal at today's prices.
If you would like a LIST of FORECLOSURES in the ROGUE VALLEY including MEDFORD, CENTRAL POINT, JACKSONVILLE, EAGLE POINT, WHITE CITY, SAMS VALLEY, ROGUE RIVER or WIMER you have come to the right place.
I can search any of these locations and email you a LIST of FORECLOSURES in your price range. You will be surprised at what your money can buy today.
This LIST of FORECLOSURES will include pictures and all the details you will want to know... call me at 541-951-1960 and your list is on it's way !
Cheryl Malone
Real Estate Broker
Windermere Investors Marketplace
541-951-1960
http://www.cherylmalone.com/
Thursday, June 30, 2011
Tuesday, June 28, 2011
Investment Properties - Jackson County, Medford, Ashland, Jacksonville, and Southern Oregon: Investors Are Moving In
Investment Properties - Jackson County, Medford, Ashland, Jacksonville, and Southern Oregon:
Investors Are Moving In!
Distressed properties are everywhere on the market, and housing affordability has jumped to levels not seen in 20 years.
The National Association of Home Builders (NAHB) / Wells Fargo Housing Opportunity Index (HOI) for the fourth quarter 2010, reveals that 73.9 percent of all new and existing homes sold were affordable to families earning the national median income of $64,400.
How To Find Deals:
(Call me for a list of Foreclosures/Bank Owned Properties & Short Sales) I will send them to you by email and you will be able to view all the details along with pictures of the property.
The Realtor you are working with should be able to show you all of the distressed properties on the market. If you are not working with a Realtor yet, or having problems with your current one you are working with, call me - I would love to help!
Here is a great place to start looking:
1) Foreclosures, or REO's (bank owned)
2) Short Sales
3) Other properties that are discounted like fixers (or fixer-uppers) for example.
These homes all usually have deeply discounted prices and are great to invest in!
If you have any questions, contact:
CHERYL MALONE - Realtor
Windermere Investors Marketplace
541.951.1960
http://www.cherylmalone.com/
Remember, the first step in buying a home is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) so just call:
DAVID DUBEAU
Loan Officer
541.292.9663
www.DavidDuBeau.net
Once you are pre-qualified, "Let's go shopping"!
Investors Are Moving In!
Distressed properties are everywhere on the market, and housing affordability has jumped to levels not seen in 20 years.
The National Association of Home Builders (NAHB) / Wells Fargo Housing Opportunity Index (HOI) for the fourth quarter 2010, reveals that 73.9 percent of all new and existing homes sold were affordable to families earning the national median income of $64,400.
How To Find Deals:
(Call me for a list of Foreclosures/Bank Owned Properties & Short Sales) I will send them to you by email and you will be able to view all the details along with pictures of the property.
The Realtor you are working with should be able to show you all of the distressed properties on the market. If you are not working with a Realtor yet, or having problems with your current one you are working with, call me - I would love to help!
Here is a great place to start looking:
1) Foreclosures, or REO's (bank owned)
2) Short Sales
3) Other properties that are discounted like fixers (or fixer-uppers) for example.
These homes all usually have deeply discounted prices and are great to invest in!
If you have any questions, contact:
CHERYL MALONE - Realtor
Windermere Investors Marketplace
541.951.1960
http://www.cherylmalone.com/
Remember, the first step in buying a home is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) so just call:
DAVID DUBEAU
Loan Officer
541.292.9663
www.DavidDuBeau.net
Once you are pre-qualified, "Let's go shopping"!
Monday, June 27, 2011
Should I Buy A House Right Now? Are There 100% Financing Options To Buy A House?
Should I Buy A House Right Now?
The short answer? YES!
The best time to buy is when things are on discount and now more than ever before things are CHEAP.
What that means is that buyers CAN afford to buy houses right now.
Lenders are lending money.
Now is the best time to buy a house… low interest rates and low housing prices… now is the time !
David DuBeau is still closing loans and still has many 100% financing options, "First Time Home Buyer" programs, and other products all the way to your normal conventional loans. I always recommend you should check with us if you are wanting to buy a house right now.
CHERYL MALONE – Real Estate Broker
Windermere Investors Marketplace
541.951.1960
www.CherylMalone.com
DAVID DUBEAU – Loan Officer
541.292.9663
541.608.2161
www.DavidDuBeau.net
Remember, the first step to take if you want to buy a house is to get pre-qualified on a home loan. Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options)
Once you are pre-qualified, "Lets go shopping!"
OTHER RELATED BLOGS:
Are you on the fence about buying a home?
What are closing costs?
What is the difference between a Forecosure, REO, and Short Sale?
What kind of credit do I need to buy a home?
Saturday, June 25, 2011
What Are Closing Costs (When Buying A Home)? What Costs Are Included?
Getting pre-qualified and being approved for a mortgage are only part of the financial responsibility of buying a home. As a buyer you should know and expect what to pay at closing - called closing costs.
Here is a list of common closing costs that you are almost guaranteed to see every time:
1. Down Payment: This ranges from 0 down 100% financing, to anywhere from 3.5% down upwards of 20+%. This is up to you and the loan program you choose and/or are approved for.
2. Credit Report: The first step in qualifying for a mortgage is checking your credit. You generally must pay to view your credit score, and this usually costs around $7 - $20 (per person). The lender that I work with, David DuBeau does not charge this upfront fee.
3. Home inspection: Costing around $300 - $500, a home inspection is always recommended but not always required. Even new homes (as we teach in our home buying classes) can have faults from horrible work. Your contract can leave you an out if something is wrong as well.
4. Loan Origination and Points: You can pay points in order to get a lower interest rate, but you do not have to and your loan officer should not charge them unless it is talked over with you first. Please see my other blog about this. An origination fee is the cost of doing business with the lender doing your loan. David DuBeau is very good at making sure you do not get overcharged.
5. Appraisal: An appraisal costs around $400 - $500 depending on the type of loan and property. This is usually the only fee collected from the lender up front and usually a credit card or check is collected to hold. If the closing costs are being paid for by the seller, then the card/check will not be charged/cashed upfront, or at all when the seller pays.
6. Title Insurance and other 3rd party fees: There are other charges that vary based on the purchase price and loan amount like title insurance, government, and notary fees etc. Your lender will always provide a good faith estimate of your expected settlement costs. There are other costs associated with closings to be sure but the good faith estimate will cover them for you.
7. Property taxes: Some lenders require that the property taxes be collected on a monthly basis (impounded). The lender will then make the property tax payment to insur that it is kept current. Therefore, several months (usually 6 months) worth of impounds are collected at the time of escrow closing.
7. Property taxes: Some lenders require that the property taxes be collected on a monthly basis (impounded). The lender will then make the property tax payment to insur that it is kept current. Therefore, several months (usually 6 months) worth of impounds are collected at the time of escrow closing.
In this "buyers market" it is very easy to get the seller to pay for your closing costs, so keep that in mind! This is why you should have the BEST REAL ESTATE AGENT AND LOAN OFFICER working for you.
Getting prequalified for a home loan is quick, free, and easy. I always recommend to call THE BEST LOAN OFFICER IN MEDFORD, OREGON: David DuBeau 541-292-9663 at Sterling Savings Bank. He has many different loan programs available including 100% financing.
Then, call THE BEST REAL ESTATE AGENT IN MEDFORD, OREGON:
CHERYL MALONE - Real Estate Broker
Windermere Investors Marketplace
541-951-1960
Get USDA 100% Financing Loans w/ the Best Real Estate Agent and Loan Officer in Rogue Valley Oregon
A USDA Guaranteed Home Loan is a government insured 100% purchase loan. There is no required mortgage insurance with this loan which makes it even more affordable!
This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!
These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.
The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).
THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not. If not, there may be other programs that you qualify for.
We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!
If you are looking to buy in any of these areas: Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River, Wimer and Sams Valley or anywhere on the West Coast for that matter then I would love to help.
If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN MEDFORD, OR and... "LETS GO SHOPPING!"
CHERYL MALONE
Real Estate Broker/Realtor
Windermere Investors Marketplace
Cell: 541.951.1960
www.CherylMalone.com
DAVID DUBEAU
Loan Officer
Cell: 541.292.9663
Direct: 541.608.2161
http://www.daviddubeau.net/
Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome
This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!
These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.
The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).
THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not. If not, there may be other programs that you qualify for.
We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!
If you are looking to buy in any of these areas: Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River, Wimer and Sams Valley or anywhere on the West Coast for that matter then I would love to help.
If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN MEDFORD, OR and... "LETS GO SHOPPING!"
CHERYL MALONE
Real Estate Broker/Realtor
Windermere Investors Marketplace
Cell: 541.951.1960
www.CherylMalone.com
DAVID DUBEAU
Loan Officer
Cell: 541.292.9663
Direct: 541.608.2161
http://www.daviddubeau.net/
Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome
USDA 100% Home Loan Financing by using Best Real Estate Agent & Loan Officer in Rogue Valley
A USDA Guaranteed Home Loan is a government insured 100% purchase loan. There is no required mortgage insurance with this loan which makes it even more affordable!
This means that you can literally buy a home with 0 down, 100% financing, and even have the seller pay your closing costs if you have the BEST REAL ESTATE AGENT AND BEST LOAN OFFICER working for you!
These USDA loans are offered in specific areas, but you would be amazed at how many areas actually qualify for this loan.
The only areas that have SLIGHT restrictions on where your house can be located is in main congested areas. Most of the areas in Jackson County, Southern Oregon or the Rogue Valley pretty much qualify (there are some spots that may not - Call us for a map).
THE BEST thing you can do is contact us and we can give you a link to check if the address of the home you want qualifies for the 100% financing or not. If not, there may be other programs that you qualify for.
We can also prequalify you for the loan - and just a heads up, David can still close loans in only 2-3 weeks!
If you are looking to buy in any of these areas: Medford, Central Point, Jacksonville, Eagle Point, Talent, Phoenix, Ashland, Jackson County, Rogue River, Wimer and Sams Valley or anywhere on the West Coast for that matter then I would love to help.
If you need a home to buy, or a home loan, I suggest you call THE BEST REAL ESTATE AGENT AND LOAN OFFICER IN ROGUE VALLEY, OR and... "LETS GO SHOPPING!"
CHERYL MALONE
Real Estate Broker/Realtor
Windermere Investors Marketplace
Cell: 541.951.1960
DAVID DUBEAU
Loan Officer
Cell: 541.292.9663
Direct: 541.608.2161
www.DavidDuBeau.net
Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options) As always, your comments are welcome
Thursday, June 23, 2011
Are You Looking For A VA Home Loan? VA Home Loan Rates
If you looking for a VA HOME LOAN and VA HOME LOAN RATES you have come to the right place.
A VA Home Loan is one of the best home loans you can get when you buy a home and the rates are incredible!
The rates in the housing market can change sometimes 2-3 times a day, and it is common to do so. The VA HOME LOAN RATES are usually lower than the rest of the lenders home loan rates out there.
If you are looking to find where the rates are at and you want a professional to talk to who SPECIALIZES in these types of loans, then contact THE BEST LOAN OFFICER IN MEDFORD, OR:
DAVID DUBEAU
541.292.9663
541.608.2161
http://www.daviddubeau.net/
David DuBeau, having also served in the ARMY for 6 years, has now done home loans for over 7 years and VA Loans are his specialty among his many products.
He knows how to help and take care of your needs.
He can still close in 2-3 weeks on average as well!
Once you are prequalified for a home loan then call THE BEST REAL ESTATE AGENT IN MEDFORD, OR:
CHERYL MALONE
541.951.1960
http://www.cherylmalone.com/
And "Lets Go Shopping!"
You will be one step closer to your dream home when you have the BEST REAL ESTATE AGENT and THE BEST LOAN OFFICER working for you! Service you won't be disappointed in !
We service the Rogue Valley including Medford, Jacksonville, Central Point, Talent, Phoenix, Eagle Point, White City, Sams Valley, Gold Hill, Rogue River and Wimer Oregon.
A VA Home Loan is one of the best home loans you can get when you buy a home and the rates are incredible!
The rates in the housing market can change sometimes 2-3 times a day, and it is common to do so. The VA HOME LOAN RATES are usually lower than the rest of the lenders home loan rates out there.
If you are looking to find where the rates are at and you want a professional to talk to who SPECIALIZES in these types of loans, then contact THE BEST LOAN OFFICER IN MEDFORD, OR:
DAVID DUBEAU
541.292.9663
541.608.2161
http://www.daviddubeau.net/
David DuBeau, having also served in the ARMY for 6 years, has now done home loans for over 7 years and VA Loans are his specialty among his many products.
He knows how to help and take care of your needs.
He can still close in 2-3 weeks on average as well!
Once you are prequalified for a home loan then call THE BEST REAL ESTATE AGENT IN MEDFORD, OR:
CHERYL MALONE
541.951.1960
http://www.cherylmalone.com/
And "Lets Go Shopping!"
You will be one step closer to your dream home when you have the BEST REAL ESTATE AGENT and THE BEST LOAN OFFICER working for you! Service you won't be disappointed in !
We service the Rogue Valley including Medford, Jacksonville, Central Point, Talent, Phoenix, Eagle Point, White City, Sams Valley, Gold Hill, Rogue River and Wimer Oregon.
Wednesday, June 22, 2011
How To Create Equity In Your Home, Investment Or Fixer-Upper !
When you are trying to create equity in a home by making improvements, here are some tips and things that can help.
***NOTE- "What is equity?" It is the difference between what you owe on a property, and what it is worth.
Example: If you have a property worth $200,000 but only owe $150,000 then you have $50,000 in equity in the home. If you owe 0.00, then you have $200,000 in equity, make sense?
Keep in mind that almost all the improvements you do in your home can increase the value. But, if you are like most people, you want to spend the least amount of money while creating the most amount of value.
These things are traditionally known to create the most value in a home:
1) Increasing the size of living space- Since a home is valued at a dollar amount per square foot, increasing the square footage by adding another bedroom, bathroom, etc naturally increases the value.
2) Remodeling or Updating the Bathrooms and Kitchen- This is a great way to increase value and to help the home sell quicker as well, if that's the goal.
3) New Windows- Updating to energy saving windows not only increases monthly savings but increases the "curb appeal" of your home.
4) New Siding- Again, see the notes on windows as this is the same.
Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options)
I recommend you talk to:
David DuBeau
Mortgage Loan Officer
541.292.9663
541.608.2161
www.DavidDuBeau.net
If you want to list your home or buy a home, then give me a call. Now is a great time to move up and use your equity to buy a larger home. Find out what your home is worth, no obligation.
Cheryl Malone
Windermere Investors Marketplace
www.CherylMalone.com
541-951-1960
***NOTE- "What is equity?" It is the difference between what you owe on a property, and what it is worth.
Example: If you have a property worth $200,000 but only owe $150,000 then you have $50,000 in equity in the home. If you owe 0.00, then you have $200,000 in equity, make sense?
Keep in mind that almost all the improvements you do in your home can increase the value. But, if you are like most people, you want to spend the least amount of money while creating the most amount of value.
These things are traditionally known to create the most value in a home:
1) Increasing the size of living space- Since a home is valued at a dollar amount per square foot, increasing the square footage by adding another bedroom, bathroom, etc naturally increases the value.
2) Remodeling or Updating the Bathrooms and Kitchen- This is a great way to increase value and to help the home sell quicker as well, if that's the goal.
3) New Windows- Updating to energy saving windows not only increases monthly savings but increases the "curb appeal" of your home.
4) New Siding- Again, see the notes on windows as this is the same.
Remember, the first step in buying a home or refinancing is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options)
I recommend you talk to:
David DuBeau
Mortgage Loan Officer
541.292.9663
541.608.2161
www.DavidDuBeau.net
If you want to list your home or buy a home, then give me a call. Now is a great time to move up and use your equity to buy a larger home. Find out what your home is worth, no obligation.
Cheryl Malone
Windermere Investors Marketplace
www.CherylMalone.com
541-951-1960
Buy a Foreclosure - One Could Be Your Dream Home - Great Deals On Foreclosures - Medford, Oregon
With the amount of FORECLOSURES on the market there are some great deals out there right now. If you are able to BUY A FORECLOSURE , now is the time. If you are looking for your dream home, you may now be able to afford it.
You don't need to buy a short sale to get a great buy in today's market. There are plenty of regular home sales, along with FORECLOSURES (bank owned properties) to choose from. In some cases values are
30%-50% less than they were in the peak of the real estate market.
Given the rock bottom prices and the record low interest rates, your dream home may just be a phone call away. The low interest rates allow many buyers to afford much more home than they would if they wait. Once interest rates rise, then you will qualify for less.
Real estate is still a solid investment, you must think long term. Give me a call and we can get the process started. It's easy and once you are prequalified... Let's go shopping!
Servicing the Rogue Valley including Medford, Jacksonville, Central Point, Eagle Point, Sams Valley, White City, Talent, Phoenix, Rogue River and Wimer Oregon.
Cheryl Malone
Real Estate Broker
Windermere Investors Marketplace
541-951-1960
www.CherylMalone.com
You don't need to buy a short sale to get a great buy in today's market. There are plenty of regular home sales, along with FORECLOSURES (bank owned properties) to choose from. In some cases values are
30%-50% less than they were in the peak of the real estate market.
Given the rock bottom prices and the record low interest rates, your dream home may just be a phone call away. The low interest rates allow many buyers to afford much more home than they would if they wait. Once interest rates rise, then you will qualify for less.
Real estate is still a solid investment, you must think long term. Give me a call and we can get the process started. It's easy and once you are prequalified... Let's go shopping!
If you want to BUY A FORECLOSURE you need to get prequalified... I work with a great loan officer who has many different programs available, including 100% financing. Let's see which one is best for you!
Servicing the Rogue Valley including Medford, Jacksonville, Central Point, Eagle Point, Sams Valley, White City, Talent, Phoenix, Rogue River and Wimer Oregon.
Cheryl Malone
Real Estate Broker
Windermere Investors Marketplace
541-951-1960
www.CherylMalone.com
VA Home Loan Benefit - The IRRRL (Interest Rate Reduction Refinance Loan)
VA Home Loan Benefit - The IRRRL (Interest Rate Reduction Refinance Loan)
Many veterans do not understand one of the best benefits of their VA home loan. It is designed to allow you to lower your interest rate and monthly payments. It is called an IRRRL: Interest Rate Reduction Refinance Loan.
An IRRRL is a streamline refinance process which allows you to refinance without an appraisal to take advantage of a lower interest rate! There is minimal documentation needed and a long as your payments have been made on time you should be able to qualify.
These loans can be closed quickly and provide relief when it is needed in a down market.
If you want to lower your payments or interest rate on your VA loan, or to apply for a VA loan, call the Best Loan Officer in the Rogue Valley to discuss your options:
David DuBeau
541.292.9663
541.608.2161
www.DavidDuBeau.net
Once you are prequalified for a VA home loan:
Call The Best Realtor In The Rogue Valley,
Cheryl Malone at Windermere Investors Marketplace and "Lets Go Shopping"!
541.951.1960 www.CherylMalone.com
OTHER RELATED BLOGS:
How Do I Use My VA Home Loan?
http://daviddubeau.blogspot.com/2011/02/va-home-loan-how-do-i-use-my-veteran-va.html
What is a "Preapproval Letter"?
http://daviddubeau.blogspot.com/2011/02/what-is-preapproval-letter-when-buying.html
Should I Buy A Home Right Now?
http://daviddubeau.blogspot.com/2011/02/should-i-buy-home-right-now-john.html
Is it cheaper to rent, or buy?
http://daviddubeau.blogspot.com/2011/02/it-is-cheaper-to-buy-than-rent-home.html
What is the difference between a Foreclosure, REO, and Short Sale?
http://daviddubeau.blogspot.com/2011/02/difference-between-foreclosure-and.html
Many veterans do not understand one of the best benefits of their VA home loan. It is designed to allow you to lower your interest rate and monthly payments. It is called an IRRRL: Interest Rate Reduction Refinance Loan.
An IRRRL is a streamline refinance process which allows you to refinance without an appraisal to take advantage of a lower interest rate! There is minimal documentation needed and a long as your payments have been made on time you should be able to qualify.
These loans can be closed quickly and provide relief when it is needed in a down market.
If you want to lower your payments or interest rate on your VA loan, or to apply for a VA loan, call the Best Loan Officer in the Rogue Valley to discuss your options:
David DuBeau
541.292.9663
541.608.2161
www.DavidDuBeau.net
Once you are prequalified for a VA home loan:
Call The Best Realtor In The Rogue Valley,
Cheryl Malone at Windermere Investors Marketplace and "Lets Go Shopping"!
541.951.1960 www.CherylMalone.com
OTHER RELATED BLOGS:
How Do I Use My VA Home Loan?
http://daviddubeau.blogspot.com/2011/02/va-home-loan-how-do-i-use-my-veteran-va.html
What is a "Preapproval Letter"?
http://daviddubeau.blogspot.com/2011/02/what-is-preapproval-letter-when-buying.html
Should I Buy A Home Right Now?
http://daviddubeau.blogspot.com/2011/02/should-i-buy-home-right-now-john.html
Is it cheaper to rent, or buy?
http://daviddubeau.blogspot.com/2011/02/it-is-cheaper-to-buy-than-rent-home.html
What is the difference between a Foreclosure, REO, and Short Sale?
http://daviddubeau.blogspot.com/2011/02/difference-between-foreclosure-and.html
How To Buy A Home In Medford with The Best Realtor in Southern Oregon
How to buy a home in Medford with The Best Realtor in the Rogue Valley and Southern Oregon...
The process of buying a home can seem daunting, but it is actually pretty simple! There are stages and different steps in the process, but to simplify it here is a short list:
1) Get prequalified or preapproved for a home loan. I recommend you do this by calling David DuBeau (see contact info below). In my opinion he is THE BEST LOAN OFFICER IN MEDFORD, OR!
2) Once you know what you are approved for, decide where you would like to find a home to live in, and what kind of a house you would like to live in (New, foreclosure, Stick Built, Manufactured, etc). If you need help, talk with Cheryl Malone (ME!) about what your thoughts are, or call and ask advice on what you should do.
At that point, "Lets Go Shopping"!
It really is that simple! There are other details to think about for sure, but any questions you have can be answered along the way by your loan officer and Realtor.
You can contact David for a prequalification or preapproval any way below. To talk to me about buying a home - look to the right of this blog, or, here is the best way to reach me as well:
Mortgage Loan Officer
C: 541.292.9663
O: 541.608.1800
david.dubeau@sterlingsavings.com
www.daviddubeau.net
Feel free to read some of my other blog posts if you have more questions and good luck in your search!
www.sellingoregonhomes.blogspot.com
The process of buying a home can seem daunting, but it is actually pretty simple! There are stages and different steps in the process, but to simplify it here is a short list:
1) Get prequalified or preapproved for a home loan. I recommend you do this by calling David DuBeau (see contact info below). In my opinion he is THE BEST LOAN OFFICER IN MEDFORD, OR!
2) Once you know what you are approved for, decide where you would like to find a home to live in, and what kind of a house you would like to live in (New, foreclosure, Stick Built, Manufactured, etc). If you need help, talk with Cheryl Malone (ME!) about what your thoughts are, or call and ask advice on what you should do.
At that point, "Lets Go Shopping"!
It really is that simple! There are other details to think about for sure, but any questions you have can be answered along the way by your loan officer and Realtor.
You can contact David for a prequalification or preapproval any way below. To talk to me about buying a home - look to the right of this blog, or, here is the best way to reach me as well:
Cheryl Malone (THE BEST REALTOR IN MEDFORD, OR!)
Windermere Investors Marketplace
C: 541.951.1960
www.CherylMalone.com
David DuBeauWindermere Investors Marketplace
C: 541.951.1960
www.CherylMalone.com
Mortgage Loan Officer
C: 541.292.9663
O: 541.608.1800
david.dubeau@sterlingsavings.com
www.daviddubeau.net
Feel free to read some of my other blog posts if you have more questions and good luck in your search!
www.sellingoregonhomes.blogspot.com
Saturday, June 18, 2011
What Kind Of Credit, Or What Credit Score Do I Need To Buy A Home?
David and I get asked a lot: "what kind of credit scores do I need to buy a home?", or "what kind of credit do you need to get into a home"?
Every loan program is different, and each loan also has different guidelines it follows on credit to buy a home. Some programs require 700+ credit scores while others can allow your score to go all the way down to a 380 believe it or not! It is all about what your report says, not the score itself when it comes to getting into a loan on a house.
It is possible that you may still qualify for a loan even though you have some of these issues in your past:
Divorce
Collections (even large medical collections)
Credit Card, car, or other debts
Foreclosure
Short Sale
Bankruptcy
Late payments
In our experience when a client checks and/or monitors their credit on their own can be confusing for them. What happens is that they will pull their credit and see their scores. Then, they will either feel defeated and not do anything, or, they will call us and ask to apply for a mortgage thinking they are ok. When we pull their credit it is a different score from what they originally saw - sometimes better or worse! The reason for this could be many things, just keep in mind that it is always better to ask the lender you are applying for a loan through as they are the decision maker anyways.
Here is a brief explanation and what often goes on in these situations:
There are 3 credit reporting agencies that report a credit score for you. Mortgages (home loans) are driven off of a "mid fico" score. What that means is your score, as applied to mortgages, will always be the middle of the 3 scores reported.
For example, if your 3 scores were 600, 700, and 800 then your mid fico (or credit score) would be 700.
When you check your credit, what can happen is sometimes only one credit reporting bureau is checked and people think that is their score! What if the one score you checked is the 600 score? Then you might think you need improvement when really you have a 700!
Another example is when you buy a car, they look at your "beacon" score. So sometimes people will say "I have "X" as a credit score, I just had my credit pulled". Car loans are driven off of a different score than home loans so when we check your credit... That's right, we pull a different score!
HERE IS THE BOTTOM LINE
You can bring in your credit report, and David can review it with you (if you pulled it yourself) and that's ok. But ultimately he is going to have to pull his own report anyway for the bank.
The best thing to do if you want to buy a home is to have him check your credit, let you know where you are at, what loan programs you qualify for, or, what needs to be done to get you there. We would love to help you with this.
Remember, the first step in buying a home is to get pre-qualified on a home loan! Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even other 100% financing options). Give us a call, it's easy to get started - Let's check your CREDIT and get you started in BUYING A HOME.
Cheryl Malone -- Real Estate Broker
Windermere Investors Marketplace
541-951-1960
www.CherylMalone.com
David DuBeau -- Loan Officer Sterling Savings Bank
541.292.9663
541.608.2161
www.DavidDuBeau.net
Once you are pre-qualified, call Cheryl Malone and "Let's Go Shopping"!
Monday, June 13, 2011
VA Home Loan - How Do I Use My Veteran VA Home Loan Benefits?
I have worked with many VA buyers lately and have used, David DuBeau with Sterling Savings Bank as my loan officer. Getting a home and a great loan for the veterans is easier than many people may think.
David DuBeau served in the military for 6 years total. After his tours ended he jumped into real estate and started doing home loans.
The VA home loan has a background and a name for itself as being a very good loan to get into (one of the best) but also used to be a hassle to apply for and get eligibility... But not anymore!
Having done over 200 VA home loans for veterans in 2010 alone, David DuBeau has arose as a specialist when it comes to VA home loans. He now knows them inside and out and has the ability to close them in a matter of weeks!
HOW TO APPLY FOR YOUR BENEFIT
You used to have to get your DD 214, fill out some paperwork, send it in to the VA and wait out your response for 30 days or so just to find out if you qualified for the loan and to receive your eligibility letter. You can see why everyone liked to "shy" away from these, especially loan officers that DO NOT UNDERSTAND these loans.
***NOTE: Never let a loan officer talk you into a FHA loan by telling you it is better than a VA loan! We hate hearing this and those loan officers need to be honest with you and admit they do not understand a VA loan!
Now, all you need with David DuBeau at Sterling Savings Bank Home Loans is to call and let him ask you a few questions about your service. They are set up online directly though the VA and can help you every step of the way.
Normally there is never a need for a DD 214, paperwork for you to bring in, etc and the turn times to see if you are eligible are within 24-48 hours!
Here are some major benefits to using your VA home loan:
1) 100% Financing
2) No mortgage insurance required!
3) Amazing rates for VA loans
4) Seller can pay your closing costs
5) Seller can also pay for the veterans bills to help qualify for the loan (if needed) or just take a slightly higher rate!
6) Your loan is guaranteed by the VA and if rates ever drop you can do a IRRRL refinance to lower the rate!
7) Possible financial assistance if you lose your job!
If you are a veteran, want to buy a home, want the best Realtor, hard working Real Estate Agent and great Loan Officer - then you have found the right team!
Here is David's information:
David DuBeau - Loan Officer
Sterling Savings Bank
541.292.9663
541.608.2161
www.DavidDuBeau.net
You may contact him directly to see what you can qualify for or contact me and we can set up an appointment to get you started.
Cheryl Malone - Real Estate Broker
Windermere Investors Marketplace
541-951-1960 - Cell
David DuBeau served in the military for 6 years total. After his tours ended he jumped into real estate and started doing home loans.
The VA home loan has a background and a name for itself as being a very good loan to get into (one of the best) but also used to be a hassle to apply for and get eligibility... But not anymore!
Having done over 200 VA home loans for veterans in 2010 alone, David DuBeau has arose as a specialist when it comes to VA home loans. He now knows them inside and out and has the ability to close them in a matter of weeks!
HOW TO APPLY FOR YOUR BENEFIT
You used to have to get your DD 214, fill out some paperwork, send it in to the VA and wait out your response for 30 days or so just to find out if you qualified for the loan and to receive your eligibility letter. You can see why everyone liked to "shy" away from these, especially loan officers that DO NOT UNDERSTAND these loans.
***NOTE: Never let a loan officer talk you into a FHA loan by telling you it is better than a VA loan! We hate hearing this and those loan officers need to be honest with you and admit they do not understand a VA loan!
Now, all you need with David DuBeau at Sterling Savings Bank Home Loans is to call and let him ask you a few questions about your service. They are set up online directly though the VA and can help you every step of the way.
Normally there is never a need for a DD 214, paperwork for you to bring in, etc and the turn times to see if you are eligible are within 24-48 hours!
Here are some major benefits to using your VA home loan:
1) 100% Financing
2) No mortgage insurance required!
3) Amazing rates for VA loans
4) Seller can pay your closing costs
5) Seller can also pay for the veterans bills to help qualify for the loan (if needed) or just take a slightly higher rate!
6) Your loan is guaranteed by the VA and if rates ever drop you can do a IRRRL refinance to lower the rate!
7) Possible financial assistance if you lose your job!
If you are a veteran, want to buy a home, want the best Realtor, hard working Real Estate Agent and great Loan Officer - then you have found the right team!
Here is David's information:
David DuBeau - Loan Officer
Sterling Savings Bank
541.292.9663
541.608.2161
www.DavidDuBeau.net
You may contact him directly to see what you can qualify for or contact me and we can set up an appointment to get you started.
Cheryl Malone - Real Estate Broker
Windermere Investors Marketplace
541-951-1960 - Cell
Best Real Estate Agent in Medford Oregon - Cheryl Malone - Windermere Investors Marketplace
If you are thinking about buying or selling real estate in the Rogue Valley then you need to have the best Real Estate Agent working for you.
While your property is listed with me, we work together to obtain the best possible sales price in today's market. I have a unique marketing plan for each and every property.
When you are ready to buy, it is not just a house you are looking for - it's a home. By listening to your needs I can make that happen.
I have been in the real estate business since 1987... I am licensed in Oregon and California. I have bought, managed, listed and sold many homes and apartments throughout my career. I would be happy to answer any questions you might have.
I service the Rogue Valley including Medford, Jacksonville, Central Point, Talent, Phoenix, Eagle Point, White City, Rogue River & Wimer Oregon.
Cheryl Malone - Service you won't be disappointed in!
541-951-1960
Saturday, June 11, 2011
VA Home Loan - How Do I Use My Veteran VA Home Loan Benefits?
I have worked with many VA buyers lately and have used, David DuBeau with Sterling Savings Bank as my loan officer. Getting a home and a great loan for the veterans is easier than many people may think.
David DuBeau served in the military for 6 years total. After his tours ended he jumped into real estate and started doing home loans.
The VA home loan has a background and a name for itself as being a very good loan to get into (one of the best) but also used to be a hassle to apply for and get eligibility... But not anymore!
Having done over 200 VA home loans for veterans in 2010 alone, David DuBeau has arose as a specialist when it comes to VA home loans. He now knows them inside and out and has the ability to close them in a matter of weeks!
HOW TO APPLY FOR YOUR BENEFIT
You used to have to get your DD 214, fill out some paperwork, send it in to the VA and wait out your response for 30 days or so just to find out if you qualified for the loan and to receive your eligibility letter. You can see why everyone liked to "shy" away from these, especially loan officers that DO NOT UNDERSTAND these loans.
***NOTE: Never let a loan officer talk you into a FHA loan by telling you it is better than a VA loan! We hate hearing this and those loan officers need to be honest with you and admit they do not understand a VA loan!
Now, all you need with David DuBeau at Sterling Savings Bank Home Loans is to call and let him ask you a few questions about your service. They are set up online directly though the VA and can help you every step of the way.
Normally there is never a need for a DD 214, paperwork for you to bring in, etc and the turn times to see if you are eligible are within 24-48 hours!
Here are some major benefits to using your VA home loan:
1) 100% Financing
2) No mortgage insurance required!
3) Amazing rates for VA loans
4) Seller can pay your closing costs
5) Seller can also pay for the veterans bills to help qualify for the loan (if needed) or just take a slightly higher rate!
6) Your loan is guaranteed by the VA and if rates ever drop you can do a IRRRL refinance to lower the rate!
7) Possible financial assistance if you lose your job!
If you are a veteran, want to buy a home, want the best Realtor, hard working Real Estate Agent and great Loan Officer – then you have found the right team!
Here is David’s information:
David DuBeau – Loan Officer
Sterling Savings Bank
541.292.9663
541.608.2161
You may contact him directly to see what you can qualify for or contact me and we can set up an appointment to get you started.
Cheryl Malone – Real Estate Broker
Windermere Investors Marketplace
541-951-1960 – Cell
Tuesday, June 7, 2011
How To Get Pre-Qualified or Pre-Approved For a Mortgage (Or Home Loan)
Working closely with a lender is an important part of my business. I like to stay informed and help my clients understand everything about buying a home. Many people have heard a lot of real estate terms, but don’t always know what they mean. I asked a loan officer to help explain the initial qualification process for me. This is what he had to say about Pre-Qualifing/Pre-Approvals:
This is a touchy topic these days with all the different regulations and laws that have come out. Everyone has to step lightly as to not get in trouble for saying the wrong things that could be taken as misleading or misguiding.
Take for example the words pre-qualification, and pre-approval. As a loan officer, you are not allowed to market a "Pre-Approval" anymore because "Approval" indicates you just approved a person for a specific loan. Although loan officers can issue pre-approvals, it is not allowed on marketing materials because it simply cannot be done correctly until a borrower has picked out a property, and a full loan application has been made.
"Pre-Qualification" simply means to sit down and cover the very basics of getting a loan. This simply means that you are "Qualified" to apply for a mortgage and have high chances of obtaining a mortgage and so this is the lingo they want loan officers to use. This is what realtors and sellers want to see happen before you write an offer on a house. Once you have a letter from a lender they then begin to take you seriously.
This is good for you too. You need to know you qualify for a loan (mortgage) before you buy anyway. And after the process is complete the loan officer can tell you how much money you qualify for, what payment ranges will be, and also a lot more needed information that you might not realize you need to know.
The process usually should take only 10-15 minutes. You can fill out information online, over the phone, or in person. Most people love a in person meeting at their place of business because of fraud these days.
What information a loan officer will need during the pre-qualification is your rough estimated income (gross- not after taxes!) to see what debt to income ratios you are at. He then talks to you about your overall credit situation, and then other details associated with each individual that may effect things like if you have any money to put down, etc. Every transaction is different and it is best at this point to be very open and give all the information you can.
After you sit and talk, your loan officer should be able to tell you what loan programs you qualify for or if there are any challenges you need to overcome before looking for a home. But, if you do qualify, your loan officer should issue a letter for you to give to your realtor to put an offer in on a home you love!
Take for example the words pre-qualification, and pre-approval. As a loan officer, you are not allowed to market a "Pre-Approval" anymore because "Approval" indicates you just approved a person for a specific loan. Although loan officers can issue pre-approvals, it is not allowed on marketing materials because it simply cannot be done correctly until a borrower has picked out a property, and a full loan application has been made.
"Pre-Qualification" simply means to sit down and cover the very basics of getting a loan. This simply means that you are "Qualified" to apply for a mortgage and have high chances of obtaining a mortgage and so this is the lingo they want loan officers to use. This is what realtors and sellers want to see happen before you write an offer on a house. Once you have a letter from a lender they then begin to take you seriously.
This is good for you too. You need to know you qualify for a loan (mortgage) before you buy anyway. And after the process is complete the loan officer can tell you how much money you qualify for, what payment ranges will be, and also a lot more needed information that you might not realize you need to know.
The process usually should take only 10-15 minutes. You can fill out information online, over the phone, or in person. Most people love a in person meeting at their place of business because of fraud these days.
What information a loan officer will need during the pre-qualification is your rough estimated income (gross- not after taxes!) to see what debt to income ratios you are at. He then talks to you about your overall credit situation, and then other details associated with each individual that may effect things like if you have any money to put down, etc. Every transaction is different and it is best at this point to be very open and give all the information you can.
After you sit and talk, your loan officer should be able to tell you what loan programs you qualify for or if there are any challenges you need to overcome before looking for a home. But, if you do qualify, your loan officer should issue a letter for you to give to your realtor to put an offer in on a home you love!
If you want to do this, contact David:
David DuBeau – Loan Officer
Sterling Savings Bank
541-292-9663
541-608-2161
www.DavidDuBeau.net
Once you're pre-approved, "Let's Go Shopping!" Shopping for a home has never been easier. I can send you information via email so you can preview many homes from your computer. Then, you can select which ones that best fit your criteria and then we see those in person. We can have you in a home sometimes in less than 30 days.
For a list of properties, give me a call:
Cheryl Malone – Real Estate Broker
Windermere Investors Marketplace
541-951-1960
www.CherylMalone.com
Remember, the first step in buying a home is to get pre-qualified on a home loan!
Sellers do not like to deal with buyers who might not qualify. There are plenty of different options out there (even up to 100% financing).
So get the best Realtor / Real Estate Agent and Loan Officer in Medford and the Rogue Valley working for you today.
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