This edition of the Graph of the Week explores Oregon’s population over time and is quick since our next quarterly forecast is fast approaching (Thursday.) I love what Bill over at Calculated Risk has done now a couple of times with a GIF of the U.S. population and have simply borrowed his idea and made an Oregon version. There are quite a few interesting points: health care and longer life expectancy, the Baby Boomer and Millennials, etc. Oregon does differ from the nation primarily due to our strong in-migration patterns which have occurred basically since Lewis & Clark. Among other things, in-migration boosts Oregon’s overall population growth rate above the typical state and it also helps fill in the generational gaps.
Migration has certainly been a boon to the Oregon economy over time and our office’s forecast includes above average population growth and migration trends moving forward as well. The…
The VA home loan benefit is one of the most valuable of all benefits issued to our service members. The program itself is based upon a qualifying veteran’s initial entitlement, currently $36,000. The VA guarantees all VA loans up to four times the existing entitlement, or $144,000. For loan amounts above $144,000, the VA guarantee is one-fourth of the loan amounts up to $417,000, higher in areas deemed “high cost.”
When a veteran applies for a VA mortgage, one of the first steps is to obtain the Certificate of Eligibility or COE from the Department of Veteran’s Affairs. The COE is a document that validates the borrower’s eligibility to receive a VA loan but also includes the amount of entitlement available. What may not always be clear is that the veteran can take advantage of their VA home loan benefit over and over again, as long as part or all…
Spring is approaching fast and it is usually the busiest time of the year for home buying. After a long and cold winter, many people are ready to enjoy the nicer weather and begin to shop for a new home. Spring is also the perfect time for home buying for families with children because it allows them to move during the summer without interrupting school.
Home buying has costs associated with it other than the mortgage itself. Known as closing costs, these fees are a part of the home buying process and they are due at the time that the mortgage is finalized. Buyers, however, can negotiate these costs and reduce the expense with a little bit of effort and with the help of a good mortgage professional.
If you are thinking of buying a new home in the spring here are three helpful tips to reducing your closing costs.
Compare All of Your Mortgage Options
If you’re using mortgage financing to cover some of the up-front purchase cost of your home you’ll have other closing costs to pay including lender fees, mortgage insurance and more. Be sure to compare all of your options with your trusted mortgage adviser to ensure that you’re getting the best possible deal and paying the least amount in fees and interest.
You may also be able to save a bit on your closing costs by choosing a “no points” mortgage. In this type of mortgage you’ll end up saving on closing costs but you’ll be left paying a higher interest rate. Spend a bit of time doing the math to determine the best course of action.
Third Party Fees
Some of the closing cost fees will be associated with third party vendors that must perform required services. Home appraisals, title searches, and costs for obtaining credit reports are some of the items included in this area. While these may be a little harder to negotiate because the lender uses specific companies to perform these services, it does not hurt to ask if you can use your own appraiser or title search company.
Zero Closing Cost Mortgages
Buyers may also wish to inquire about a no closing cost mortgage. This type of mortgage eliminates all closing costs. The lender covers all of the closing cost fees in exchange or a slightly higher interest rate on the loan. In most cases the increase is less than one-quarter of a percent. This type of loan can be very helpful to buyers. Buyers can then use the money that they saved on closing costs to help with the move.
With a little preparation, you can find the best mortgage product for the up-coming spring season. Be sure to contact your experienced mortgage professional, as they will be able to help you find the right mortgage for your specific needs with the lowest out-of-pocket expenses.
The emergence of the sharing economy has opened up new entrepreneurial avenues to make a buck – shared rides, shared rooms and, now, shared potties.
Nothing contours itself better to the technology of the times and the meme “there is an app for that” than airpnp, which can help you locate the nearest bathroom on your smartphone in your moment of great distress.
People with excited bladders and sudden urges are already accustomed to scouting the locations of restrooms in advance. Airpnp is the same idea on steroids. It can find where to go virtually anywhere.
While people are willing to pay for a ride and a room, the question out there is whether they will pay to pee. Early indicators suggest people will pay when they have no choice and some change in their pocket.
Airpnp originated in New Orleans and can be traced to that city’s famous Mardi Gras celebration…
The topic of gentrification has yet again come up. Not in any real conversation I have had … no, I don’t see actual people anymore. It is to online and the kingdom of the 4.0 Estate that these peeps and murmuring comes, complaints from the middle class that they are being pushed out of their poor neighborhoods (AKA “working class neighborhoods” but without class consciousness these psudo-proles would not be considered more than a lumpenproletariat by way of Messrs. Marx and Bakunin) and replaced with trust-fund-kids (AKA Trustafarians) who look upon the middle class kids and wonder what it is to live “among The People,” to only live enjoying the moment, not just working to work but because bills need to be paid. I am convinced the actual “poor people” of these areas don’t even register to the Trustafarians, to them the others are a colour from outer space.