2017 economic forecast

The latest from Matthew Gardner, Windermere’s resident economist… contact me with questions!

Matthew Gardner 2017 Forecast

Posted on March 9, 2017 at 8:57 pm
Sally Baker | Category: Home Mortgage, Homeowners, Interest Rates, Mortgages, Portland Real Estate, real estate market activity

Market activity

Screen Shot 2016-02-02 at 11.03.13 AM

For complete details about our market, please CLICK HERE to see the latest Market Action Report from our Regional Multiple Listing Service.

Posted on December 19, 2016 at 11:33 am
Sally Baker | Category: Blog Roll, Home Mortgage, Homeowners, Interest Rates, Mortgages, Portland Neighborhoods, Portland Real Estate, real estate market activity

Like it or not, your credit score is a big deal.

And, as you probably know, the bigger the better! It’s surprising how much your credit score can affect your monthly mortgage payment. If you’re buying a home and have a credit score between 760 and 850 the rate you qualify for could be more than 1.5% less than if your credit score was under 640.

For example: at the higher credit score the interest could be around 4.093% and at the lower score it could be as high as 5.682%. The principal and interest payment on a loan of $300,000 at the lower interest rate would be $1,448 per month. The payment for someone with a credit score of 640 or less would probably be closer to $1,738 per month for principal and interest.

Moral of the story, know your credit score.

If you would like a little more information, click here.  

Posted on May 24, 2016 at 5:57 pm
Sally Baker | Category: Home Mortgage, Homeowners, Interest Rates, Mortgages, Portland Real Estate