VA Loans: The Two Required Documents You’ll Need For Low VA Mortgage Rates

Originally posted on BEN LeBRUN:

The Department of Veterans Affairs makes available a special mortgage loan for veterans and active servicemen via its VA Loan Guaranty program.

More commonly called the “VA loan”, the loan guaranty program allows for no money down on a home; and never requires its borrowers to pay mortgage insurance. Plus, VA mortgage rates rates are extra-low.

Since 1944, the VA loan program has been used in more than 20 million closings, offering affordable homeownership to military borrowers nationwide; and providing low-cost, streamlined refinance programs for existing VA homeowners.


The VA Loan Guaranty program is more lenient as compared to conventional loans via Fannie Mae and Freddie Mac; or to FHA loans insured by the Federal Housing Administration.

The VA loan allows for lower-than-typical credit scores, and income verifications are often less strict. However, because VA loans are part of the benefits bestowed upon military veterans and active servicepersons…

View original 526 more words

Bear Dens, circa 1935

Originally posted on Vintage Portland:

It’s hard to believe that Washington Park once housed several bears. Here was see the bear pit that was located where the Japanese Garden is today. This photograph was taken circa 1935.

Bear Dens City Park (Washington Park), circa 1935 : A2004-002.857

Bear Dens City Park (Washington Park), circa 1935 : A2004-002.857

View this image in Efiles by clicking here.

View original

Rose Festival Merrykhana Parade, 1927

Originally posted on Vintage Portland:

Since the Rose Festival was just a few weeks ago, I thought I would share an image from the Rose Festival Merrykhana Parade on June 24, 1927. The Merrykhana parade eventually became the Starlight Parade. This is the Police Reserve’s entry that year. In the background you can see A. G. Spalding and Bros., an athletic outfitters store located on Broadway at Alder Street according to the 1927 Polk Directory.

Police Reserve entry into the Rose Festival Merrykhana Parade June 24, 1927 : A2000-026.78

Police Reserve entry into the Rose Festival Merrykhana Parade June 24, 1927 : A2000-026.78

View this image in Efiles by clicking here.

View original

Inner NE Sewer Extension Construction Update: June 27, 2014

Originally posted on King Neighborhood Association:


Environmental Services is constructing 3,100 feet of new public sewer pipe and 1,450 feet of sewer laterals that will provide 65 properties with direct and independent connections to the public sewer. This work is part of the City of Portland’s effort to provide properties with sewer connections that comply with city code. The project will also help protect public health, property, and the environment by increasing the capacity of the public sewer system, reducing the potential for basement backups, and reducing the likelihood of emergency maintenance work in the future.

A project map is available at


  • Our contractor, Rio Underground Construction, LLC, is preparing to begin construction next week.
  • On Monday, June 30, main line crews will begin constructing manholes and new public sewer pipe on NE Mason Street between 12th and 13th Avenues. This phase of work is expected to take a few days…

View original 401 more words

Nick’s Flower Home, 1929

Originally posted on Vintage Portland:

Here we see the “number man” standing outside Nick’s Flower Home in 1929. This building was located at 4040 NE Union Avenue between NE Mason Street and Shaver Street. As most of you know, Union Ave. became Martin Luther King Jr. Blvd. These building are no longer standing.

Nick's Flowers at 4040 NE Union between Shaver and Mason 1929 :  A2009-009.1013

Nick’s Flowers at 4040 NE Union between Shaver and Mason 1929 : A2009-009.1013

View this image in Efiles by clicking here.

View original

Starting to Shop for a Mortgage? How to Assess Your ‘Debt-to-Income Ratio’ and Why This Number Matters

Originally posted on neiljcoleman:

Starting to Shop for a Mortgage? How to Assess Your 'Debt-to-Income Ratio' and Why This Number MattersThose who are looking to buy a home may want to start by shopping for a loan first. Having financing ahead of time may make it easier to get sellers to take a buyer seriously and help move along the closing process. For those who are looking to get a mortgage, the most important factor for having a mortgage application approved is the debt-to-income ratio of the borrower.

What Is a Debt-to-Income Ratio?

A debt-to-income ratio is simply the percentage of debt compared to the amount of income that a person brings in. If a person brought home $1,000 a month and had $500 worth of debt, that person would have a DTI of 50 percent. To improve the odds of getting a home loan, experts recommend that potential borrowers keep their DTI under 43 percent.

What Debt Will Lenders Look At?

The good news for borrowers is that lenders…

View original 341 more words

Listing Notice!

Originally posted on Portland Area Real Estate:

This week, our team put another beautiful home on the market. 1912 S Beech St in Cornelius is a bright, open home, perfect for a first time home buyer or a small family looking to get into a great school district.


This 3 bedroom, 2 bath home has been almost completely remodeled. The kitchen is bright with white cabinets and tile counter tops. Stainless Steel appliances, including built in microwave, are all included in the sale. The kitchen connects to the dining area, and to a large living room.


The living room is large, and cozy with a wood burning fireplace and wall to wall carpet. The large windows add tons of natural light, making the room feel even bigger. It’s easy picture spending evenings with your family watching movies, or spending holidays sitting around telling stories in this living room.


You will love spending time in the backyard, whether…

View original 89 more words