Redmond Oregon Homes.com

06/19/2023

Old time hockey.

03/30/2021

It's important to start the mortgage process as early as possible in order to have time to work on your credit and improve your score. In most cases, the better your score, the better your interest rate will be. Please let me know if you have questions and I will do my best to help.
Dale Pilon

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While ...

02/22/2021

Being ready with your mortgage pre-approval prior to even starting to look for a home is very important if you're a serious buyer. If you're thinking about moving to a different home or out of the area, then this is the time to consider selling your home. You no longer have to sit around and wait a month or more before a buyer chooses you home. Have Questions? Call me. Thanks, Dale.

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage ...

02/19/2021

Based on this information, low interest rates look like they will stick around for 2021. That means there will continue to be Buyer demand for homes. Thinking about Buying or Selling a home? This might be the best year to do it. Call me to discuss your situation. Dale.

With mortgage interest rates hitting record lows so many times recently, some are wondering if we’ll see low rates continue throughout 2021, or if they’ll start to rise. Recently, Freddie Mac released their quarterly forecast, noting:

02/08/2021

There is a big difference between this housing market and the one we saw in 2006-07. For instance, today we have buyers desire to occupy the homes that sell. In 2006, many of the homes were purchased and then resold without anyone occupying the home. The last one to buy got stuck with an overpriced home. Let me know how I can help you buy or sell a home this year, Dale.

2021 is already underway - what can we expect from the housing market? We've got the predictions, here!

02/04/2021

If you plan on Buying a home or Selling one this year, here is some good info to help you with your thought process. If you have any real estate questions, please let me know and I will do my best to answer them for you. Thanks, Dale.

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National...

01/29/2021

"Progress always involves risk; you can't steal second base and keep your foot on first." -Frederick Wilcox

Buying a new home while you currently own a home can be tricky. Relocating or moving up to a new or larger home can be easier than you think! In our hot market, do you want to buy quickly and avoid worrying about a contingent sale? A Bridge Loan allows you to use the equity in your current home to buy your next one without having to sell first or make a contingent offer. Writing a non-contingent offer could be the difference in you securing the winning bid.

Benefits of a Bridge Loans:
* Provides borrowers the ability to make a non-contingent offer.
* Great solution if you need a different home, relocate or retire.
* Allows you to make the move with a seamless process in place during the transition.

There are different programs with different lenders but here is one example from Guild Mortgage.

• Loan amounts from $40,000 to $250,000
• Primary residence only
• 70% CLTV on your current home
• Credit scores as low as 720 for all borrowers
• Max DTI 45%

*New first lien must be completed with Guild on new home purchase. Bridge Loan must be repaid within 6 months of closing and departing residence must be in contract.

Questions about buying or selling a home? Let's talk!
Thanks, Dale.

01/28/2021

If this is the year you'd like to buy a home, here is yet another good reason to start the home buying process right now.
Please contact me to help you through this process.
Thanks, Dale.

A new study shows why seasonality matters in securing a home loan.

01/23/2021

When I was first licensed in 1985, the interest rates were about 15%. Below 3% makes buying a home so affordable, especially for first time buyers. If you're thinking about making a move this year call me to discuss your possibilities, Dale.

Historically low mortgage rates are a big motivator for homebuyers right now. In 2020 alone, rates hit new record-lows 16 times, and the trend continued into the early part of this year. Many hopeful homebuyers are now wondering if they should put their plans on hold and wait for the lowest rates im...

01/21/2021

As with many markets around the country, Central Oregon rental rates can be as high as a mortgage payment. Considering the low interest rates right now and the potential tax benefits, this is a great time to own a home. Contact me to discuss your situation further, Dale.

If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it.....