HOW TO SELECT A LENDER AND SAVE MONEY – when buying a home!

I hope you watch this and really compare lenders to save yourself money now and for the next 30 years when purchasing a home. If you are buying with cash, you don’t need to watch this.  But about 80% of buyers probably would be getting some kind of mortgage loan.

As a real estate agent, I work with many different loan programs and lenders for buyers and sellers. This approach (email template) was created by trying to help a buyer who wanted to find the best deal, so I drafted this email to help the buyer. 

Send this early in the morning to lenders that you are comparing.  Legit and experienced lenders will get back to you the same day. 

I hope you get the best deal on your purchase loan!

Here’s an email template to compare the lenders for you:

Hi ____

Can you please send me your most accurate estimate of the lender’s fees and closing costs?  

Based on $xx purchase price and $xx loan amount and no points:

1. What would be the rate as of today (July 1st) that I can get? Assuming I have a 700 (or your approximate credit score) credit score…

2. Monthly payment (principal and interest) without tax and insurance?

3. Assuming 30 year, what would be the total interest paid for the life of the loan? 

4. Total lender fee (not including recording, appraisal, title insurance…)?  The fee that the lender takes. 

5. Total closing cost (not including escrow fee, tax reserves, insurance and other prepaids)?

Shawn Realty Song Update 7

My heart aches for George Floyd, his family and the protesters (not the looters) who are fighting for justice. I stand by #BlackLivesMatter. I think true power should protect lessor power and we are not there yet, “the promised land” where Dr. King saw and where he wanted to get to in his lifetime. My favorite singer songwriter, Patty Griffin wrote this beautiful song about MLK’s speech called, Up TO The Mountain. I hope this gives you some heart cleansing. Please enjoy.

ARE WE HEADED TOWARD REAL ESTATE MARKET CRASH IN 2020-2021?

#13 Unemployment

Historically 60-65% are age under 24 (less than 3% home ownership rate)…Unemployment  ≠  Foreclosure

#12 Unemployment related foreclosure:

a. 12 months forbearance
b. Enough equity
c. Can be sold before foreclosure

11. E-commerce

More job opportunities than 2008

10. Industry change

Industry shit is coming

9. Oil price

$160/barrel high in 2008
$20/barrel low in 2020

8. Resilient/adaptive Americans

and America is a rich country

7. Location dependent

ex) Portland Metro Areas
Intel = We need Tech
Nike: We need motivation/exercise
OHSU: We need medical care
Needed more than ever… 
Urban area price dropping & Suburban/Rural pricing going up

#6 We want bigger homes

After dealing with the pandemic

#5 No bad loans like sub-prime or interest only loans

#4 Home price not as inflated as 2008 (inflation adjusted)

Higher rental price supports real estate value

# 3 Government bailout for people

Financial crooks vs people in 2008
Natural disaster (virus) vs people in 2020

#2 Low interest rate (3-3.5%) in 2020

#1 Very high demand (less than 3 months inventory)

Enough equity built

Shawn Realty Song Update 3

Here’s another song for you, an original song from year 2000…. Real estate market is doing ok. No significant price dip so far, less buyer showings, but the sky is not falling. We are going to get through this together. Stay positive, do everything we can to get better fast. Please enjoy this song and be well!

Shawn Realty Update – How transactions are done now and what’s happening during self-quarantine time…

How showings are done now…

I’m covering some FAQs during this tough time…

Can you still buy house? Can we still see homes? What will happen to home prices…?

Homes that are listed today: https://www.srpdx.com/listing-report/Today-s-Portland-Metro-Area/1137573/

Sold: Updated Stylish Home in Sunnyside Happy Valley

Stunning and stylish home with vaulted ceilings backing to private parklike green space!

Enjoy living in a lovingly cared for home featuring sun room, master suite, living room and den with sunroof; gourmet kitchen with slab granite, new stainless steel appliances, gleaming hardwoods; amazing living spaces with soaring wooden beams to relax and entertain; and fenced yard with cedar deck.

Inside a quiet and friendly neighborhood and located on a culdesac with mountain views. Convenient to Mt. Talbert, shops, restaurants.

Make this your home!

11453 SE Hazel Hill Road, Happy Valley, OR 97086, $525,000 Exclusively listed by Shawn Realty, Sunnyside Happy Valley Listing Company

See other details and other listings: http://www.SRpdx.com

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If you are interested in buying or selling listings like this in Sunnyside, please let us know!