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There are several types of home loans that you could apply to get from a lender. That is why when a potential homebuyer tells me, “I can’t get a loan” or “I can’t afford a house now” I know that they haven’t looked at all their options. Most likely they have ball-parked they numbers, thinking […]

Qualifying for a mortgage, or getting “preapproved” for a home loan, can seem daunting. We will show you what to expect when looking to get a loan for a home and just how easy and fast it can be. There are generally six different aspects of your financial life that a lender or bank will […]

Many people (including me back in the day) believe a mortgage payment to be one payment to a bank for a loan on a house or other real estate holdings. The fact is, your mortgage payment is actually made up of four payments, bundled into one payment… into an escrow account. Let’s dig into what […]

At Timber & Rose Realty Group we have had the pleasure of helping hundreds of buyers over the years. In fact this year alone we have had over 150 home buyers sign up for our monthly home buying class, many of which become homeowners shortly after they take the class. One of the questions we […]

The short answer is… not in the foreseeable future. I’m not an economist so I can’t know for sure, but you won’t find an economist that will tell you they know for sure either. All I can do is present to you the same facts that the economists (multiple “experts” from the National Association of […]

Every month we have about 30 home buyers come through our home buying class and after we have shown graphs of inventory numbers and interest rates and population growths over time, the two reasons we hear the most for waiting to buy is that they don’t feel that they have enough money saved up, and […]

In the summertime, our city comes alive with a vibrant energy as locals and visitors alike take advantage of the warm weather and long days. From outdoor concerts to food festivals, there is no shortage of fun things to do in Portland during the summer months. Whether it’s the classic Portland summer events like the […]

One of the easiest ways to understand the direction of the real estate market is by looking at inventory numbers. Every month a number is reported on our website under the “Market Report” Tab on our home page. Understanding what it means will tell you what the current state of the supply and demand is […]

Everyone in the market knows that the interest rates have gone up dramatically the last six months. This sadly had devastating effects on home buyers that were at the lowest buying range (of about $400,000 and less). There is a rule of thumb that says for every 1% increase in interest rates someone pays, they […]

This month we are speaking with Kim Prescott, owner of Grow Your Reading! She offers individual tutoring sessions helping elementary grade students find confidence in reading and writing. Phil: What inspired you to start your business? Kim: I’ve been a teacher for 30 years and I taught in elementary schools and additionally I was a […]