Upcoming Free (& non-promotional) Home Buyer Classes:
Marshall Community Center, conference room
1009 E. McLoughlin Blvd, Vancouver WA (kitty corner from Clark College)
Saturday, May 19th, from 12pm-3pm (ish)
11324 NE 51st Circle, Vancouver WA (corner of SR 503 & 112th Ave/Gher Road)
Good news!! Chris Berg is putting together a class on credit. I am going to email out the 2nd part of the credit 101 email blog after I have a date for his class. A lot of questions were emailed because of that email. We appreciate your questions, and truly want to help with those. We think the class will be very helpful.
Thank you to everyone who came to the Client Appreciation Event this past Saturday for the Avengers: Infinity War. Wow! That was CRAZY! I have a ton of theories on what is going to happen for part 2 next year… I’d love to hear yours too 😀
Please don’t forget that our NEXT Client Appreciation is on Saturday, 6/16, for the Incredibles 2. We’ve all been waiting a long time for this sequel. I’m crossing my fingers that it is worth the wait. My oldest daughter is pregnant and hormonal…so if it isn’t…. well, let’s just home that the sequel is awesome.
So, this week we’re going to spend some time talking about down payment. Like Closing Costs, or money that folks need to buy a home….there seems to be a lot of misinformation regarding this. Many banks, or lenders, will tell you different things…or different down payment dollar amounts that you will need because that is what THEIR lending institution will allow, but there’s always more options. Please remember that I am NOT a lender. Please call or email Chris Berg at Pinnacle Mortgage for more information on any of these, or feel free to come to one of the classes. We are here to help. Chris’s information is: 503-320-0925 & firstname.lastname@example.org… or you can Facebook him as well.
FHA is the king loan as most folks will use this when buying a home. Chris says that, with FHA, you can buy a home with as low as a 580 credit score, but it’s rough… 620, or higher, and you will love him. FHA requires the lowest down payment, and that is 3.5% of the purchase price. If you have your down payment, the lender can help with your closing costs. We will talk about Closing costs next week.
You can get a conventional loan with a down payment of 3% of the purchase price if you or the home meet certain criteria or 5% down if you make too much money for the program, but interest rates tend to be higher with this loan, and the best rates go to those folks with 720 or higher credit scores.
USDA or Rural:
Water? What water? oh… the water under the house…..
Real Estate broker
Re/Max – Van Mall
360/ 903-3504 cell
360/ 882-3600 fax
“Listen to the mustn’ts, child. Listen to the don’ts. Listen to the shouldn’ts, the impossibles, the won’ts. Listen to the never haves, then listen close to me… Anything can happen, child. Anything can be.”
– Shel Silverstein, American poet, cartoonist and composer, (1930 – 1999).