Did you know that you are 20,000 times more likely to be in a car accident, than to win the lottery? But … almost everyone who calls about my Home Loan Lottery wins up to tens of thousands off their home loan … without paying any more monthly … Watch for details!
Category: OregonLandSalesContract.com
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How to use “Gift Funds” to buy your next home!
Did you know that your relative, fiance, domestic partner, or even employer can “gift” you the money needed for your down-payment and closing costs? Watch today for details!
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FHA costs rising in April – and HARP 2.0 refi program just got better!
If you need an FHA loan to buy a home or refinance, then you have until April 6th to call me, before the cost goes up. Plus, we have new updates on the HARP 2.0 government refi program, and it’s good news! Watch today’s video for details.
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Collecting GFE’s Isn’t the Best Way to Compare Mortgages
On a daily basis, I get calls from people who just want a Good Faith Estimate, as they are shopping for a mortgage loan. In today’s video, I explain why this isn’t the best practice and what you should do to get the best deal!
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Have Dinner on Us for Next 30 Years!
How much do you spend when you go out to dinner with your family or friends? What if I could show you how I can cover that cost for the next 30 years? Watch today’s video for details!
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What you should know about Mortgage Debt Forgiveness
Starting today, I will not be publishing rates online anymore. In this video, I explain why and how you can get an accurate refinance or purchase loan. Plus, some fact about Mortgage-Debt-Forgiveness that you should know! Get an accurate rate quote for your loan at www.GoNorthwestLoans.com
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Why Younger Generation Should Buy a Home Right Now!
So many young people either don’t think they can afford a home, or hold off due to fear of the markets. However, right now is an amazing time to buy! In today’s video, I explain what a very small down-payment can mean in 5 or 10 years down the line – incredible!
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Today’s solar flare may affect housing – really?
Today, the Earth is facing a direct blow from the Sun … and I’m not talking about warm temps. Plus, Congress is looking to raise home loan fees yet again … watch video for details!
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Buyer’s market forming – and why your mortgage rate doesn’t matter!
Big housing market shift has created more competition for those that want to buy homes. Watch for details, and I will also explain why the lowest interest rate isn’t always the best deal for you!
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Buy your next home WITHOUT selling your current one first!
Many people believe the only way they can buy a new home, is by selling their existing one first. Not necessarily true, and your dream home might just be a phone call away!
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Should you take the lowest rate, or lower closing costs?
Let’s clear up some common confusion … are you better off with the lowest interest rate, or should you take a slightly higher rate with much lower closing costs? I explain in today’s video.
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What are “normal” closing costs for home loans?
Many people ask me how much closing costs are, to figure out what the best deal is for their home loan. In today’s video I detail what’s normal and how to avoid paying too much!
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Financial Force Majeure
Financial Force Majeure: The Virtual World Taylored to Our Real World
If any of you have ever played the virtual reality game, Sim City or any similar, you will probably appreciate the point to be made more immediately than those unfamiliar. For the unfamiliar, this is a game in which you are the master of the land, tasked with taking what amounts to any empty field and building, expanding, and developing yourself a thriving metropolis.
This entails tapping into the natural resources that are available within your splotch of land, thereby harnessing those resources to grow your community. As master of your domain, you have to the politician, the banker, the shopkeeper too, making wise decisions with your electronic currency inasmuch as budgeting and investment are concerned. You have to provide the infrastructure, exploiting what resources you have to attract more Sims (the inhabitants of your city) to further grow your town.
You zone the land for residential, commercial, and industrial zones and providing for greenbelt, park, and recreational zones. You build schools, banks, retail and shopping centers, single-family and multi-family residential, industrial, and hospitals. As in the real world, this is done through various types of investment deals in the both the private and public sectors, involving commercial and investment banks, private investors and businesses. Your metropolis’ success depends on good investment strategies.
Mother Nature is an ever present threat, just as in the real world, throwing a natural disaster your way now and again. Of course, disaster strikes when least expected, testing the validity of your decisions, most of all your infrastructure. It is than you discover if value engineering the levy walls was such a good idea. Should news of cutting corners for costs leaks out, it costs your city, as restitution to flood victims is yours to bear.
Of course, the entirety is based on a designed program consisting of a language, codes, and locks. As with any program there savvy programmers, some might say hackers, having the learned knowledge to manipulate codes, language, and changing locks or even to remove locks. Purposes in hacking games might be to expand the games capabilities or to be able to be able to skip ahead to more advanced levels without having to play through the levels not desired.
Virtual reality games are rooted in fantasy, even if based on real situations, there is no tangible result. Emotional personal satisfaction or perhaps of monetary award if in some sort of competition is the best reward one can hope for. You can’t physically walk the streets of your city, go to one of its schools, or benefit from the investment dividends in terms of attaining real dollars.
For the developers, the tangible aspects are realized by sales which return in real dollars to the owners of the rights to the game. The developers might not necessarily be the owners either, depending on whether the developers retain rights or assigned them away to another.
The point to take away from this little piece is more of a question. What if, with highly sophisticated programming, it was possible to design investment strategies, for instance and than somehow apply them to the real world? What if it has already been done…..What if our whole entire economy has been modeled in the virtual world, brought forth into the real world?
Sound ridiculous? ………think again…….
INFORMATION PROCESSING SYSTEM FOR SEAMLESS VIRTUAL TO REAL WORLD OPERATIONS
US Patent Pub. No.: US 2002/0188760 Al
SECURING CONTRACTS IN A VIRTUAL WORLD
US Patent Pub. No.: US 2007/0117615
WEB DEPENDENT CONSUMER FINANCING AND VIRTUAL RESELLING METHOD
US Patent Pub. No.: US 2001/0056399 A1
TRANSACTIONS IN VIRTUAL PROPERTY
US Patent Pub. No.: US 2005/0021472 Al
VIRTUAL FINANCE/INSURANCE COMPANY
US Patent Pub. No.: US 2003/0187768 A1
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Multnomahforeclosures.com: July 15th, 2011 Update.
Multnomahforeclosures.com was updated with the largest list of Notice Defaults to date. With Notice of Default records dating back nearly 3 years.
If you are planning on investing in real estate, want to learn the status of the home you are renting/leasing or about to rent or lease you should visit Multnomahforeclosures.com.
All listings are in PDF and Excel Spread Sheet format.
Multnomah County Foreclosures
Multnomah County Foreclosures
http://multnomahforeclosures.com
Fred Stewart
Broker
Stewart Group Realty Inc.
http://www.sgrealty.us/
info@sgrealtyinc.com
503-289-4970 (Phone)Related articles
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Oregon Real Estate Waned has just posted a new buyer: SG 16
SG16 is an experienced real estate investor looking for real estate investment opportunities in the Portland metro market. This investor is an all Cash buyer and will not need bank or lender approval to finalize any agreement made.
For more information regarding this buyer and others. Visit OregonRealEstateWanted.com at http://oregonrealestatewanted.com
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- SG15: Real Estate Investor (oregonrealestatewanted.com)
- SG 14: Real Estate Investor (oregonrealestatewanted.com)
- OregonRealEstateWanted.com A Sucess Story for Buyers, by Fred Stewart, Stewart Group Realty Inc. (oregonrealestateroundtable.com)
- Real Estate Investment offers Great Wealth Margin for Every Practitioner! (dohardmoneylenders.wordpress.com)
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OregonRealEstateWanted.com A Sucess Story for Buyers, by Fred Stewart, Stewart Group Realty Inc.
I think the success of the OregonRealEstateWanted.com site is due to the massive amount people that are involved in the Oregon Real Estate market right now. The difference between their involvement today compared to 5 years ago is there are more people looking to sell real estate than there are looking to buy. Buyers have so many opportunities to consider that it is sometimes difficult for them to settle on exactly the right property to fit within their dreams and goals. Sellers have a problem making sure their property is exposed to buyers that could be a good fit for their opportunity. There is just so much to look at that often times their buyer has chosen something else before they even had a chance to consider their property.
The issue might be how opportunities are presented to buyers and where they come from. In some cases the best way for an opportunity to be identified is after the seller has had a chance to learn what the buyer is looking for and if they see a fit with the real estate they are selling. Only then does the seller reach out to the buyer to explore any advantage in developing a deal. In this context the buyer is looking at properties from a wide range of areas with in the market. As real estate brokers and private property owners alike may present opportunities. In some cases deals have been developed on properties that were not formally on the market.
The next steps for OregonRealEstateWanted.com are to list people looking to lease or rent commercial and residential real estate. The plan is to start listing people that are looking for lease hold or month to month rental relationships on the site by June 1st., 2011..If you are looking to buy real estate fin the Oregon market to live in or as an investment. Contact Fred Stewart of Stewart Group Realty for a private one on one consultation and possible listing on the site. All information shared with Mr. Stewart is confidential and there is no charge unless the real estate you are looking for is found.
Oregon Real Estate Wanted.com
http://oregonrealestatewanted.comFred Stewart
Stewart Group Realty Inc.
info@sgrealty.us
503-289-4970Related Articles
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- OregonLandSalesContract.com: New Real Estate and Home Buyer Listings (oregonrealestateroundtable.com)
- Now Accepting New Real Estate Listings (findevansvillehomes.com)
- Lewith & Freeman Real Estate Add New Northeastern Pennsylvania Real Estate Updates to Website (prweb.com)
- Real Estate Professionals and everyone promoting real estate, if you have a sub par website, and your sending new clients to it…. (realtygo.wordpress.com)
- Nest Realty Expands Real Estate Brokerage Operations to Virginia’s New River Valley (prweb.com)
- Pelham, NY Real Estate Market First Quarter 2011 (stephanielsolano.wordpress.com)
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OregonRealEstateWanted.com: New Buyer Posting
New buyer (SG14) has been posted on the OregonRealEstateWanted.com web site. This buyer is an investor and they are looking for residential multifamily opprotunities under $200,000 in the Portland Metro area. Buyer is looking for seller financing opportunities only. To learn more about this buyer and others that may be looking for real estate you have for sale. Please visit OregonRealEstateWanted.com
Oregon Real Estate Wanted
http://oregonrealestatewanted.comFred Stewart
Stewart Group Realty Inc.
http://www.sgrealty.usRelated Articles
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- An Old Idea is New Again: Second Homes in Oregon , By Fred Stewart, Stewart Group Realty Inc. (oregonrealestateroundtable.com)
- Why Are Appraisals So Bad?, by Brett Reichel, Brettreichel.com (oregonrealestateroundtable.com)
- Is It Time To Bury The Past and Rise Up? Is It Time To Advise “Buy”? (agentgenius.com)
- Beaverton and Portland Rank among the Safest Places to Live in the US (prweb.com)
- For real estate, it’s a buyer’s market (capitolhillblue.com)
- Home sellers pull out all the stops to attract wary buyers (usatoday.com)
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An Old Idea is New Again: Second Homes in Oregon , By Fred Stewart, Stewart Group Realty Inc.
2011 may be the year buyers start considering second homes again. Our mountains, high desert and coastlines have long been considered legendary vacation destinations. Both urban dwelling Oregonians and people from out of state go home from visits to these places with a dream of returning as often as possible.
Owning a second home is a good idea – one that makes family life more enjoyable. It is the dream of many to finally have that special getaway. With the retraction of home values down to levels not seen in nearly 10 years, coupled with still historically low interest rates, this dream may once again be an opportunity whose time has come.
But of course, there is the flip side to this rosy picture: it has become increasingly difficult to obtain financing. And the barriers are even higher for second homes then they are for people seeking to finance their primary residence. Lenders and banks have taken a lot of losses over the past few years. A significant portion of these losses is due to the second home market that developed between 2003 and 2006. Because of this, expect a lot more work to get financing then what you may have experienced in the past. It is important that you work closely with a loan officer that has a lot of experience in residential lending and is working with a Mortgage Banker or Bank. However, you may have found a truly awesome deal and still be unable to prove yourself sufficiently to a lender. It is time to think about this in new ways.
Seller financing options such as land sales contracts and lease options should not be ignored. These options will sometimes be the only options that will allow a successful transaction to occur in the present financial climate. Do not hesitate to begin by speaking with a loan officer and exploring the possibility of traditional financing. At the same time, don’t waste precious time you begin to feel as if you are not making satisfactory progress. The “miracles” that good loan officers could pull off for borrowers in the past, are simply not happening these days.
If you have exhausted the bank loan route unsuccessfully, educate yourself about the various seller finance options. When you do reach mutually acceptable terms with your seller, be sure to draft an agreement that would last at least 3 to 5 years, if possible. It will take at least that long for lending to return to some normalcy and for you, the buyer, to develop a financial profile that would be encouraging for a lender or bank to work with them. Here your favorite loan officer can be of great assistance, and work with you during that time period to assist you in understanding and attaining eligibility for bank financing. Three to 5 years of good credit, stable employment and a healthy dedication to making the contract and mortgage payments on time will show the lender that you have the economic and character resources to deserve the credit for the loan. The three C’s (Capability, Creditworthiness and Character) will always be the basis of bank lending. What is different now is the stringency applied to each of these criteria.
As always when looking to buy an investment property or a second home you should talk to your tax and financial advisors and get their opinion on how this will affect your tax exposure and your financial planning. A real estate purchase properly structured and managed will improve your financial standing. A second home can be a wonderful and satisfying improvement on your lifestyle.
Fred Stewart
Stewart Group Realty Inc.
http://www.sgrealty.us
info@sgrealty.us
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FHA Sets New Premium Structure for 15- and 30-Year Loans to Boost Capital Reserves , by Nationalmortgageprofessional.com
As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA Commissioner David H. Stevens has announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (0.25) on all 30- and 15-year loans. The upfront MIP will remain unchanged at one percent. This premium change was detailed in President Obama’s fiscal year 2012 budget and will impact new loans insured by FHA on or after April 18, 2011.
“After careful consideration and analysis, we determined it was necessary to increase the annual mortgage insurance premium at this time in order to bolster the FHA’s capital reserves and help private capital return to the housing market,” said Stevens. “This quarter point increase in the annual MIP is a responsible step towards meeting the Congressionally mandated two percent reserve threshold, while allowing FHA to remain the most cost effective mortgage insurance option for borrowers with lower incomes and lower down payments.”
The proposed change was announced last week as part of the Obama Administration’s report to Congress, which outlined the Administration’s plan to reform the nation’s housing finance system. The Administration’s housing finance plan also recommended that Congress allow the present increase in FHA conforming loan limits to expire as scheduled on Oct. 1, 2011.
This premium change enables FHA to increase revenues at a time that is critical to the ongoing stability of its Mutual Mortgage Insurance (MMI) fund, which had capital reserves of approximately $3.6 billion at the end of FY 2010. The change is estimated to contribute nearly $3 billion annually to the Fund, based on current volume projections. It is vital that HUD take action to ensure that FHA will continue to serve its dual mission of providing affordable homeownership options to underserved American families and first-time homebuyers while helping to stabilize the housing market during these tough times.
On average, new FHA borrowers will pay approximately $30 more per month. This marginal increase is affordable for almost all homebuyers who would qualify for a new loan. Existing and HECM loans insured by FHA are not impacted by the pricing change.
FHA will continue to play an important role in the nation’s mortgage market in 2011. President Obama’s FY 2012 budget projects the FHA will insure $218 billion in mortgage borrowing in 2012. These guarantees will support new home purchases and re-financed mortgages that significantly reduce borrower payments.
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