Fred's FHA Mortgage and Conventional Real Estate Loan Blog

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Mortgage and Lending - Guild Mortgage Co - Oak Harbor WA
Welcome to my blog about mortgages and real estate loans in Oregon, California, Alaska and Washington. I am a government specialist and am a Vietnam era veteran. I enjoy working first time home buyers and have many tools available to help them.
RECENT BLOG POSTS
All of us on Active Rain want the Real Estate market to turn around. We want to see homes selling. We want people to be taking out mortgages. But, we also want to have our clients well served by what we do and in this, I want to suggest Cash Flow as a method of determining suitability. By this, I...
11/13/2008
One of the biggest things stopping people from participating in the American Dream today is the ability to come up with the down payment. While talk of a credit crunch keeps some buyers sidelined because of credit problems, many others with good credit are able to get the best deals in years incl...
11/13/2008
Anyone that has followed my blogs knows that I was not a fan of the $700 Billion bail out package. I didn't see how they could structure things so that it would benefit the housing industry and lower the number of foreclosures. When the bail out grew (latest estimate somewhere in the neighborhood...
11/12/2008
Fannie Mae and Freddie Mac have announced they are working on a mass loan modification program to rework hundreds of thousands of delinquent mortgages. Loan modifications are a way to bring delinquent mortgages back to producing status from the lenders "toxic" mortgage pool. This came on the news...
11/11/2008
Danny has some great things to say about FEAR. Please give him the comments, the post is his.Yesterday, I wrote a post on PREP about the fear factor that is going on in the USA today. If you did not get a chance to read the article, I hope that you can swing by and check it out. I have to say tha...
11/10/2008
Oregon seniors have a new way of buying property as of January 1, 2009. They will be able to use the FHA Reverse Mortgage Program (HECM).  These loans were authorized by the Housing and Economic Recovery Act of 2008 (HERA). HERA  defines "HECM (Reverse Mortgage) for Purchase" as a real estate pur...
11/10/2008
I know there are a lot of reasons for buying a home. I also know there may be a lot more than three for buying now with an FHA real estate mortgage. First time homebuyers could be making a mistake by waiting to purchase their new home. (Maximum FHA loan amount, down payment & tax credit.) Those r...
11/09/2008
HUD has announced the new FHA loan limits for 2009 and they are lower than I expected for Lane County. The new loan limit is $271,050 versus the current "temporary" loan limit of $343,750, a reduction of over $70k. There are a few Oregon counties that have higher loan limits, but the majority of ...
11/07/2008
The following is a news release from the Federal Housing Finance Agency regarding loan limits for conforming loans across the United States. High cost states will continue to be above the maximum but, at least for now, the maximum conforming loan for most of the country will stay at $417,000. Hi...
11/07/2008
I just have a few random thoughts this morning about what is happening right now in our economy. First of all, the election is over and win or lose for your candidate, get over it! We are all Americans, and America needs all of our help, not just the left or the right or the center. That said, le...
11/06/2008
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Fred Chamberlin

Oak Harbor/Whidbeynulls, #1 Experienced FHA Mortgage Consultant
local_phone(360) 675-6106
smartphone(541) 221-3455
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