Tag: Homebuying

Navigating the Competitive Spring Housing Market in Portland

Posted on by Evan in First-Time Homebuyer, Home Purchase

Just yesterday the front page of our local paper highlighted the challenges buyers face in this competitive spring market. If you’re a home buyer, watch this short video for practical steps to achieve the best outcomes:

  1. Be Proactive with Home Loan Financing: Start with a thorough pre-approval. Submit all supporting income and asset documents to get fully pre-approved.
  2. Understand Your Affordability: Know your budget. You might need to offer above list price, so understand how this impacts your payments, closing costs, and cash needed for closing. Work with a lender who explains these options clearly.
  3. Evaluate Contingencies: Consider waiving the appraisal contingency or qualifying for a cash guarantee program.

Want to learn more about your options to win in this marketplace? Contact us today!

Exciting Spring 2025 Housing Market Trends for Buyers!

Posted on by Evan in Swanson Home Loans Blog - Mortgage Rate Updates and More

Despite the headlines about high interest rates and lack of affordability, the spring buying season is looking promising!

  • More Homes for Sale: Inventory is up 150% compared to 2020-2021.
  • Balanced Market: More options and better negotiating power for buyers.
  • Motivated Sellers: Longer average days on market and more price reductions.
  • Lower Mortgage Rates: Conventional 30-year fixed rates are at a multi-month low.

Stay focused, work with a professional realtor, and make the most of this balanced market! Contact us today to get started.

What are mortgage discount points? – A-Must-Watch-Guide

Posted on by Evan in Swanson Home Loans Blog - Mortgage Rate Updates and More

Are you navigating the complex world of mortgages and looking to save money in the long run? Look no further! In my latest video, I delve into the often-overlooked topic of discount points and why they deserve your attention.

Discount points can be a game-changer for homebuyers, offering a way to reduce interest rates and potentially save thousands over the life of a loan. But what exactly are they, and how can they benefit you? I break down the ins and outs of discount points, providing clear, expert insights that empower you to make informed decisions.

Whether you’re a first-time homebuyer or a seasoned investor, understanding discount points is crucial. So, join me as I explore:

  • The definition of discount points and how they work
  • The financial advantages of considering discount points
  • Real-life scenarios where discount points can make a significant difference

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