GaSandra Carlson Envoy Mortgage: Advice to Oregon Home Buyers


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Rates Rising! Don’t Procrastinate to Buy a Home or Repair Your Credit


Very Good Read!

Ask Carolyn Warren

Today, Janet Yellen, Chair of the Board of Governors of the Federal yellenReserve System, signaled that an interest rate increase in March is likely. The Feds expect the economy to continue to improve; and accordingly, for interest rates to continue upward on a gradual incline.

30-year fixed rates:

Last summer – 3.75%
Now –  4.375% to 4.5%.
How long will it take to get to 5%?

I think that is the appropriate question: how long until rates are at 5%?
Not “if” but “when”?

If you have been procrastinating in buying a home, waiting for flowers or sunshine, that is a mistake. Not only will rates be higher, but sellers price their homes higher when their yards are gorgeous. Statistically, bidding wars are at their fiercest in March when both sellers and buyers come out of hibernation. Be smart and beat the rush if you can.

Have you been procrastinating…

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How to Buy a House with Little to No Down Payment


Ask Carolyn Warren

Light-filled home in Seattle. 2650 sq ft. Master suite upstairs + two bedrooms on main. For more info contact Teri Barry, Keller Williams, 206-632-2636 Light-filled home in Seattle. 2650 sq ft. Master suite upstairs + two bedrooms on main. For more info contact Teri Barry, Keller Williams,
206-632-2636

Do you know someone who would love to stop renting and buy their own home? A new study says 79% of Millenials want to buy a house. This study, by Bloomberg, goes on to tell them they can’t save fast enough for a down payment. I am here to tell you that I disagree! Why?

Bloomberg’s chart shows how many years it takes to save 20 percent down.
But who says you have to make a large down payment? It is not required.

Renters, take kitchenheart!

Here are tips for buying a house when you can’t save fast enough for Bloomberg.

  • If your credit score is 720+, take a 3% down conventional loan.
  • If your credit score is 580 – 719, take a 3.5% down FHA…

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Buying a House – Which Mortgage Type Is Best For You?


Cognita Vita

This is part two of the Buying a House series. If you haven’t read the first part, “How Much House Can I Afford?” you click over and read that one first. It’s important to know how much house you can afford before worrying about mortgages.

What is a mortgage?

Most people these days cannot afford to pay cash for their home, and I’m guessing that if you’re reading this, you are not completely established yet and/or this is your first home purchase. Luckily, for those of us that do not have the cash to purchase a home, we have the option of getting a mortgage to cover the (usually large) portion that we can’t. A mortgage is a loan that either a bank or mortgage lender gives you to help finance the purchase of a house.1

A mortgage is made up of four things: principal, interest, taxes, and…

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