How Much Can I Qualify For?




How much a borrower can qualify for when buying a home in Bend, Oregon is primarily determined by the debt-to-income (DTI) ratio and the loan program used to finance the home purchase. DTI ratio is a measurement, expressed as a percentage, of your eligible gross income that goes towards paying the housing principal, interest, taxes […]




20% Minimum Down Payment?




New mortgage lending rules announced two weeks ago by the Consumer Financial Protection Bureau (CFPB) have now gone before federal regulators for review.  Regulators say that the final version of the so-called Qualified Mortgage Rule should be complete in a few months and the rule would then take effect January 2014.  Mortgage lenders, bankers, real estate agents and […]




New Mortgage Lending Rules




The Consumer Financial Protection Bureau(CFPB) announced new mortgage lending rules this morning that will go into effect one year from now (January 2014).  These rules aim to protect borrowers from themselves and lenders from litigation. We saw in the housing boom that led up to the Great Recession borrowers who had a pulse were able […]