Scott Schneider » Uncategorized

Relocating to Portland Or? Easy steps to buy a new home.

admin — Tue, 04 May 2010 18:54:39 +0000

Relocating to a new State can be challenging. Learning what neighbor hood you want to live in, finding a new coffee shop, a new doctor, new friends, down to simple things like “How not to get lost!” and of course getting a new house. Below are some examples of loan options that may be good for you.

FHA: These are government secured loans that you can use to obtain financing up to 96.5% of the purchase price. These loans close smoothly if: you have a 660 or higher credit score, you have had your 3.5% down payment in your bank account for the last 60 days, are buying a property that is decent, and you are using less than 34% of your gross income towards the total mortgage payment. If thats you, my average close time is about 10 days.

USDA

http://www.rurdev.usda.gov/RHS/

2010 New GFE / Good Faith Estimate

admin — Sat, 23 Jan 2010 10:37:53 +0000

The Mortgage Money Source Difference

admin — Fri, 22 Jan 2010 04:14:21 +0000

We know that each customer has specific needs, so here at The Mortgage Money Source, we strive to meet those specific needs with quality service and individual attention. We pride ourselves in giving you the mortgage information, loan options and convenient assistance you’re looking for.

With a variety of loan programs and an established network of lenders behind us, we will find the loan that best suits your needs, at a very competitive rate. We offer conforming, non-conforming and government loan programs.

Let The Mortgage Money Source guide you through the home buying or refinancing process, and provide you with the best service available.

Are you paying too much in Property Taxes?

admin — Thu, 21 Jan 2010 22:09:00 +0000

Many local governments are raising their property tax rate as a means of relieving their revenue shortfalls. That couldn’t come at a worse time for most homeowners who now struggle with higher gas and food costs – higher prices for almost everything. Facing higher taxes is particularly difficult for owners having trouble meeting their mortgage payments and are worried about a possible foreclosure of their home. However, property taxes are a key source of funds for municipal governments. They account for about 40 percent of general revenue, according to the Census Bureau.

It should be noted that lowering home values, including its assessed value, mean lower taxes, if appraisals are up to date. If you feel your tax bill does not properly reflect its lower value, contact your local assessor and request a reassessment. Procedures are in place to address those requests.

The new site

admin — Thu, 21 Jan 2010 19:20:34 +0000

You deserve to be treated like a member of the family. Managing your mortgage, loans and assets is important business. We help you create and maintain your best financial strategy, taking into consideration your financial future as well as your past.

Overheard at the lending department of a local bank…

admin — Mon, 21 Jan 2008 22:19:25 +0000

After hearing the borrowers request for a land
loan, the local banker said, “I’ll carefully review
your land loan proposal and get back to you with
a “no” as soon as possible.”

You might think Hahaha, however I deal with borrower’s all the time that banks and brokers have made them go through all the hoops, only to be led down the path of denial. Call our office today and get treated with the respect you deserve.

Ask about our 10 day FHA express loan that closes in 10 days or less!

All the best
Scott Schneider
Branch Manager
The Mortgage Money Source
503.616.3905 Office
503.328.7162 Fax
scott@tmms.com