Mortgage Brokers Connect Oregon Home Buyers to Unique Deals

By Joe Taylor Jr.
Local Lender Columnist
Jan 31, 2007
Although the number of real estate sales in Oregon is dropping, the slowdown is actually good news for mortgage holders. The return to normal growth patterns means that Oregon real estate values will rise at a steady pace. Mortgage brokers say that refinancing your home now will allow you to tap into some of the equity you've likely gained in recent years' record appreciation.

Like many other states, Oregon experienced unprecedented growth in real estate prices as mortgage brokers raced to close deals at record rates. While "hot" markets like California and Florida have suffered some pricing setbacks in the past year, Oregon communities like Bend have sustained real estate values. Mortgage brokers remind their clients that several regional communities attract those inspired by the "natural" feel of the West.

Oregon Mortgage Brokers Identify Market Opportunities

Mortgage brokers in Oregon report another compelling side effect of the market slowdown: the number of speculators looking to flip properties in Oregon has dropped significantly. Mortgage brokers are willing to work harder to close new deals for home buyers with bad credit.

Because some employers in Oregon have struggled with a moderate economic slowdown, mortgage brokers have encouraged lenders to be creative when finding solutions for borrowers with bad credit. Citing interest in keeping community roots strong, while working hard to keep pace with last year's effortless mortgage closings, Oregon brokers have never been more ready to help borrowers land the homes of their dreams.

Sources
Daily Record
Mail Tribune
KTVZ

About the Author
Joe Taylor Jr. has covered business and finance news for Financial Times Television and CNBC. He coaches beginning mortgage brokers to provide better customer service and to understand creative financing opportunities.