The Lindley Team at Mortgage Express | 503.517.8641
If you’ve read our previous posts, you know several reasons to speak to a local Portland mortgage broker before you start house-hunting.
You know that your first step will be contacting us, so we can set you on the right path without the mistakes and missteps that other home buyers suffer.
We’ve still got plenty of tips and tools to share with you, but we realize we might be overlooking a segment of our readers. We realize there might be a good two or three people out there who don’t know why Portland is an awesome place to live.
Don’t worry. We see you under that rock.
Here are 7 quick reasons why you should buy a house in Portland!
No Sales Tax!
In a world where everything seems hidden in the fine print this can be refreshing. The price you see is the price you pay.
Mountains (volcanoes!), forests, rivers, beaches, and gorgeous city architecture. Portland is in a unique spot that allows quick and easy access to a wide variety of landscapes and scenery.
Portland is also a great city to people-watch!
Beer & Wine!
Portland has amazing breweries, bars, and pubs to choose from! From Gigantic Brewing Co. to Occidental, there’s a good stretch of beverage.
These are the big names that newcomers hear about first. The ones that are full of fantastic Yelp reviews.
Of course, there are also smaller, well-loved breweries that locals prefer. We’d be happy to give you our own favorites!
More of a wine drinker? Lucky you.
The Willamette Valley is at your fingertips and is flourishing with old and new wineries that rival the best in the world.
Weather you like an old world pinot from Archery Summit, award winning Chardonnay from Domaine Serene, or modern sparkling from Argyle Winery, we never take the wine and the views in the valley for granted!
The fun is in finding your favorite with the perfect atmosphere, people, location, or taste.
Speaking of taste …
You’re gonna need to eat. You can seriously get any kind of food in Portland.
Seafood, doughnuts, steak, burgers, Indian, French, doughnuts, Southern, Soul, Cajun, and authentically Portland local spots, like Voodoo Doughnuts (for the tourists) or Bluestar Doughnuts (for the locals) just to name a few.
While the vast majority of Portland dining is accessible and casual, we do have our fare share of highly acclaimed and award winning chefs - Andy Ricker of Pok Pok, Greg Denton and Gabrielle Quinonez Denton of Ox, Gabriel Rucker of Les Pigeon (and others) are just a sampling of the incredible talent and innovation in food happening in PDX.
We’ve all got our favorites so feel free to ask us when you come in.
We’re probably going to tell you about doughnuts (so good).
Ok, we know.
“I hear it rains all the time there.” It does rain a lot.
But Oregon residents spend a ton of time outdoors. We really do have four seasons and within a short drive you can experience mountain air, ocean breezes, or shady forest hikes.
A lot of people like the rain, believe it or not, but if you’re not a pluviophile, take heart!
The best part for most is the mild climate! The average high is around 63 degrees and the average low is around 45! Portland gets over 140 sunny days per year.
Portland has a whole year of outdoor opportunities!
Even if you’re not a rain-lover, you’ll appreciate its effects. Oregon is beautifully green and lush, and Portland’s roses are breathtaking. The meaning behind Portland’s nickname of “City of Roses” is part romance, part science and we’d love to tell you about it when we meet.
You’re gonna want to check out the Rose Testing Garden.
All that rain doesn’t make for a dark, gloomy city. Portland is vivid, beautiful, and blooming.
If you’re moving to Portland for a job, you might already be aware of some of the awesome companies with headquarters here.
Move over Silicon Valley because the Portland area is where the cool jobs are now. Perhaps you’ve heard of little companies like Nike or maybe Intel?
You should look them up. We hear they’re going places.
We could go on and on...
These are just 7 brief teasers of what Portland can offer a resident. Portland is perfect for families, singles, professionals, and more.
Writing up all the reasons that Portland is a great place to buy a home would take ages and not only are we too busy experiencing the awesome things Portland has to offer, but we’d rather tell you in person! We love to gush about this city!
Give us a call and we’d love to give you more information about our favorite things about Portland while we help you make the first steps toward becoming a homeowner.
We’re your local Portland mortgage lender so we’re experts on mortgages and Portland.
You’ve got roses to see and mountains to hike, beers to try, and donuts to taste. We’ll be the mortgage experts, so you don’t have to.
Call us today at 503.517.8641 (click to call)
The Lindley Team | Mortgage Express 503.517.8641
If you are starting the home buying process for the first time, you may be overwhelmed or a little nervous about knowing what to expect. The Tammi Lindley Team at Mortgage Express understands how you feel because these emotions are completely natural for new buyers. So to help ease this process, your local Portland mortgage lenders have listed some helpful tips for your first meeting with a mortgage professional.
Tip #1: Be Honest About Everything
Do not try to hide the fact that you have a low credit score or that you are in enormous amounts of debt. The Tammi Lindley Team wants you to know that regardless of your financial situation, they are going to work diligently to ensure you still become a homeowner. Therefore, be honest about everything. During the home buying process, your lender should be your go-to person for every financial matter. So if you are nervous about the fact that your income is low or that you have filed for bankruptcy in the past, just voice your concerns and know that your lender will do everything they can to ensure you get a Portland mortgage with affordable rates.
Tip #2: Arrive With All Your Financial Documents Organized
Make your first impression with your mortgage professional a lasting one. This can be done by arriving with all the pertinent documents in regards to your financial history. If you can, make sure you have at least two years proof of income, assets, and current debt with you for your first meeting.
Tip #3: Ask Questions
Don’t be afraid to ask questions if you are unsure about something. Obtaining a Portland home loan is a long process and there are countless different mortgage options available on the market, so we understand how confusing everything can be. We will help educate you and explain everything along the way, but if something seems unclear to you, please tell us so we can address the confusion.
Tip #4: Come In Knowing Your Financial Goals
Mortgage lenders like to know what your financial goals are so they can assist you in finding the perfect loan. Let them know if your goal is to pay off your loan as quickly as you can or if you would like to have cheaper payments over a longer period of time. Whatever the case may be, your lender can provide the best option for your situation.
For more tips on your first meeting with a mortgage professional or to get started on your Portland mortgage application today, please contact the Tammi Lindley Team at 503-517-8641.
The Lindley Team at Mortgage Express | 503.517.8641
We’ve talked about the steps you need to take before you start house-shopping. We’ve told you why you should get pre-approved (not just pre-qualified) before you step foot in the first open house.
Today, we’ve got a list of seven reason why you should start your mortgage process with a local lender instead of a national big-name business.
Look at it this way. You’re on the phone with a loan officer from a big, national corporation. They’re going to have a lot of questions right away. They’re going to want to know about your finances and they’re going to want to know about the area you wish to buy your future home.
If you’re lucky, this national giant will have agents who specialize in regions, so they might only have to sift through a few states worth of regulations and numbers before they get to the info that matters for you and your mortgage.
Or, you could sit at a desk, face to face with an expert who sits in an office in the state (even the county or city) where you plan to buy. They don’t have to “look into it” to start your case. They already know it.
Local lenders work with people buying houses locally all day, every day. They’re probably serving your future neighbors!
Nothing is more frustrating than thinking you’re well on the road to the house of your dreams and hitting a roadblock caused by a big name national lender who was unaware of a law or guideline in the specific area you need a mortgage.
When you call, you won’t be one file out of a billion. Even if the person who answers the phone isn’t your contact at the local office, they’ll know who is and get you to them right away.
Your contact will know you when you talk to them. You won’t have to spend half of the conversation repeating your personal information just so they can figure out who you are. With a local lender, every conversation will be a comfortable step forward in your process.
Buying a house involves a lot of people. From the buyer (you!) to the lender to the realtor and beyond, the process of obtaining a mortgage takes teamwork, and referrals are a big part of the game.
Referrals are more important to local businesses where people are likely to put more trust in a business that comes from another professional they already trust.
Speaking of teamwork …
Need an outside source on something? They already know just the guy. Need to know which schools in the area are best? They might have kids who go there. Need to know which local restaurant has the best pizza or wings? You might start an argument in the office, but you’ll get options.
If you look at a local community of businesses and consumers as a giant team, you’ll understand why each separate team member wants to work well with the others. They’re all part of the same game.
A national giant has no stake in the local game.
Business like local mortgage lenders are still local businesses and their success flows right back out into the very community where you’re buying your home.
A quick google search will find countless stories of hopeful buyers who end up losing their dream home because the seller could no longer approve a national giant’s extensions. The seller doesn’t have to wait and there are always other buyers waiting in line. Sticking to a timeline is a big deal.
Even if you’re worried that your financial situation isn’t as ready as you are, let us take a look. If you’re not ready, we’ll work with you until you are.
We’re going to make a great team.
The Lindley Team | 503.517.8641 (click to call)
We recently wrote about the importance of talking to a local Portland Mortgage lender before you start shopping for houses. If you haven’t read that, head on over there [click here] and read it first.
It’s important to us that we help you take the right steps in the sometimes-overwhelming process of homeownership. The information in that post will explain why you need to take a big deep breath and get started on the right foot.
Don’t worry. It’s easy to follow. Really, go read it [click here] now. I’ll wait!
Welcome back! Do you feel better informed about your first steps toward a healthy happy mortgage experience?
Hopefully, you have a little bit of a better understanding about what we do as Portland mortgage experts and why you should chat with us before you start a serious search for your future home.
Our job is to make this whole process less stressful for you. We’re here to help.
Now, while we stress the importance of talking to a Portland mortgage lender or broker before you start shopping, there is a tool you can use before visiting us.
We totally understand that you might want to dip your toes in the mortgage waters before stopping by. That’s why we have a handy tool for you to play with!
Meet our Portland Mortgage Calculator!
She’s sleek, smart, and very pleased to meet you!
Because the whole point of the calculator and the info we provide for you in this blog is meant to help you become an informed homebuyer, let’s make sure you understand the helpful information it’s giving you!
You’ll see at the top of the page that we invite you to call us if you have any questions.
We mean that! If you don’t want to play with the mortgage calculator and you would rather just get right to the experts, give us a call.
We’re experts so you don’t have to be.
If you are ready to give the mortgage calculator a try, here is a list of words and phrases you’ll see on the tool and what they mean.
Portland Mortgage Calculator Guide
Keep these terms handy while you play with our Portland Mortgage Calculator.
Next step? Give us a call! We’re looking forward to meeting you! The sooner we get started as a team, the sooner you’ll be buying your dream home!
Congratulations on deciding to become a homeowner. The Tammi Lindley Team at Mortgage Express understands that this is a great commitment and might possibly be the biggest purchase you ever make. Therefore, it is important to always be up to date on the recent residential market trends so you know when the best time to buy is. As your Portland mortgage lender, we will always inform you on the current market and will give credible advice throughout the home loan process.
Median listing price
According to Realtor.com, the median listing price has fluctuated over the past three years. In March 2015, the median price was listed as $350,000 and rose 14% to $400,000 the following year. By March 2017, the listing price was $440,000, and the current listing price has not changed. The current price of $440,000 is a 25.7% increase from March 2015 and is a 10% increase from 2016. This consistency in price from 2017 to 2018 states that the market is currently stagnant. If you are looking for a new home and need a Portland mortgage, now would be a great time before the market rises back up.
Median price per square foot
The median price per square foot in March 2015 was $194 and rose over 12% to $218 the following year. By March 2017 the median square footage price was $238 and the current price is $250 per square foot. This suggests that the real estate in Portland is becoming more valuable
Median days on the market
Homes are selling at a slower rate now compared to the past three years. In March 2015, the median days on the market was 49, and the current amount of time homes are listed for is 63 days. This suggests that buyers are taking their time throughout the purchasing process to figure out exactly what they want, instead of making a quick buy.
Knowing what the price of homes over the past three years are can help predict where the market will head in the future. As your mortgage broker in Portland, we can help inform you on the market and find you the best rates out there. For any questions on the market update or to get started on your loan application today, please call our office at 503-517-8641.
Talk to a Portland mortgage lender before you visit a single open house .
Buying a house in Portland is an exciting experience. It’s beautiful here and we think everyone should want to live in the Pacific Northwest!
Hold up, though. You’re probably skipping an important first step.
Before you even hop on that first realtor website, you need to talk to a Portland mortgage lender or mortgage broker. Let me explain.
Why you should talk to a Portland mortgage lender before you shop.
Picture this. You’ve been shopping around online for a house in Portland. You’ve researched neighborhoods, schools, and commutes. You’ve narrowed down the area you want to live in and you’ve started to visit a few open houses.
The last house on your list today looks good on paper. You step inside, grab a cookie from the kitchen counter, and take a tour. You fall in love. This house must become your home.
Now what? How do you make this happen? Can you even afford this house? What if someone else makes an offer first?
Let’s rewind. Now picture going into your shopping experience armed with all the information you need about your credit score, financial health, mortgage affordability, and more. When you go to make your offer, you know you’ll be taken seriously by all involved because you’ll have a credible pre-approval letter and a lender to back you up.
Why is this version such a breeze? Because before you even decided how many bathrooms you want, you spoke with a mortgage lender.
Mortgage brokers, lenders, and correspondents.
To put it simply, a mortgage broker acts as your mortgage guidance counselor.
High School guidance counselors look at your grades, your extracurriculars, your strengths, weaknesses, likes, and dislikes. She uses that information to guide you toward the post-graduation path that’s right for you.
A mortgage broker will take all your financial strengths and weaknesses, your likes and dislikes, your values, and your goals into consideration when matching you with the perfect mortgage lender.
A mortgage lender, of course, is the institution that lends to you directly. If you travel back to 1960, dress up and head to a bank to ask for a loan, you’re talking directly to a lender. In the guidance counselor example, the lender is the college.
A mortgage correspondent is like your guidance counselor who also happens to be the dean of all of the colleges on your top 10 list. The mortgage correspondent has the capacity to lend and broker in order to get you the ideal loan for you needs, wants, and financial circumstances.
Why a local Portland mortgage lender?
A Portland area mortgage broker is going to have established relationships with Portland mortgage lenders and out-of-area lenders. Working with a broker in Portland will put you face to face with your mortgage expert. He or she will understand the local housing climate.
Those relationships she’s cultivated with Portland mortgage lenders will make it easier for her to match you with the right lender for your needs.
If you want to know where to get the best fish tacos in town, you ask the locals, right? If you want the best lenders for your mortgage, which is somewhat more expensive than a street taco, you ask the local Portland mortgage professionals.
Of course, if your broker happens to be a mortgage correspondent, then you’re already working face to face with the mortgage expert. That local you asked about fish tacos happens to be a chef, a guidance counselor, and a college dean. How convenient!
Ready to start? We can help!
House shopping should be an exciting adventure. With the help of an experienced, professional Portland mortgage lender you can focus on the fun stuff knowing you’re ready for the next step. When you find that perfect property you’ll be ready to act. Happy Hunting!
We’d love to help you on this journey.
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Buying a house means you most likely need to get a mortgage. With the variety of home loans on the market, it can be confusing trying to figure out which option is best for you. As your local Portland mortgage lenders, we have compiled a list of the most common loan options and have briefly explained what the benefits to each loan are.
With multiple different home loan options on the market today, it is important you talk to your mortgage broker in Portland so you know exactly which option is ideal for you and your unique financial story. The Lindley Team at Mortgage Express can answer all your questions and help you achieve your dream of homeownership.
So don’t wait, call our office today at 503-517-8641 to get started!
The Lindley Team | 503-517-8641 (click to call)
Congratulations on deciding to purchase a home. The Lindley Team we understands that this can be a difficult and stressful process, which is why we've provided a checklist below to help you stay organized in the Portland mortgage process.
Make sure you have all your general information and documents together, this includes:
Also make sure that you have your credit report reviewed:
In some instances, we'll need to document additional assets/income, in which case you will also need to provide additional financial information:
As your local Portland mortgage lender, we hope this checklist can ease the process of obtaining a mortgage. There is a lot to take in when shopping the market for Portland home loans, and we are here to make this process as simple and stress free as possible.
For more information or to get started today, please contact us at: 503-517-8641.
As Portland mortgage lenders, we pride ourselves in staying up-to-date on the latest Portland mortgage and real estate statistics and trends to prepare as best as we can to help you realize your dream of owning your own home. We are always researching, evaluating and anticipating current to determine the best way to help our clients.
The Portland housing market saw housing prices appreciate by 10%-14% in 2016, while in 2017 the average appreciation was 8.9%. For 2018, analysts have forecasted that the Portland housing market will have an average appreciation of 4%-8%. During 2017, we also have seen the number of sales decrease from 2015-2016 to now being closer to the national average.
The forecast for the Portland housing market in 2018 shows that the market is going to cool. Don’t worry though, as this “cool” is a very relative term. Portland-area home prices saw some of the highest increases nationally in the last year, second only to Seattle. Even though the market is predicted to cool compared to previous years, it is still above national average and is going to be stable in the near future.
The forecast for 2018 is expected to be around 4%-8%, which will be down from the previous years, which saw huge growth! While this may scare you, it is important to look into what is expected to happen in 2018.
1. Portland has been under-building for years, and that is one of the reasons why homes are in such demand and why the prices have been so high. Local builders are trying to keep up with the demand to meet the needs of the new wave of buyers.
2. Portland will experience steady but slow population growth, that is above the national average in 2018. This means that Portland real estate will still be in demand as people continue moving to the city.
3. Portland mortgage rates are at a historic low and at this point they are not forecasted to see a great increase.
Portland remains one of the fastest growing cities in the United States. With such consistent price jumps, the Portland market may not seem like a great buy for prospective buyers. However, it’s quite the opposite. The real estate market in Portland has consistently experienced above average upward trends for years. While the prices in Portland are not going to drop in 2018, prices are starting to slow which means the market is stabilizing and that now is the time to buy!
With such a competitive buyer’s market, it is a good idea to consult a Portland mortgage expert in order to ensure you are fully prepared and aware of what you are getting. The Tammi Lindley Team are Portland mortgage lenders who can assist you with reviewing your current financial situation and detailing all of your possible options!
Many experts are saying that the Portland housing market has switched from a seller's market to a buyer’s market, and now is the time to take advantage of the record low Portland mortgage rates and realize that 2018 could be the year your dream of owning a home becomes reality!
For more information or to get started today, contact the Tammi Lindley Team today!
Not a commitment to lock or lend. Terms and restrictions apply. Not all applicants will qualify. Mortgage Express, LLC. NMLS Company ID: 40831 | www.mtgxps.com | Licensed in OR/WA/CA. Licensing in CA by the Department of Business Oversight under the Residential Mortgage Act. Mortgage Express is an Equal Housing Lender. Questions and concerns may be directed to email@example.com, or 10260 SW Greenburg Road, Ste. 830, Portland, OR 97223.