Current Oregon Mortgage Rates
Quick Mortgage Definitions / Terms / Facts
When can I lock in my loan?You may request to lock in your loan anytime after your loan application is submitted. Your rate is not locked until you receive written confirmation that your rate has been locked. Interest rates fluctuate daily, so the rates available when you apply may be different than the rates available when you decide to lock your interest rate. By locking, you protect your selected rate for a stated period of time regardless of market fluctuation. Once your rate is locked, you will receive a lock confirmation stating the rate and terms that you have protected.
Veterans Administration VA loans
Veterans Administration VA loans are a good option for Veterans of the Armed Forces that are looking for a mortgage. Any veteran that meets the current qualifications can save a significant amount of money on their home loan. This is great for first time buyers and other veterans, too!
We can help you identify the right kind of VA mortgage to help you realize home ownership. We can also help you find out if you can combine either an FHA or VA loan with other first time home buyers incentives. For instance, the Housing Financing Agency HFA can help first time buyers secure low interest rates and the Mortgage Credit Certificate HCC brings the taxes down to make your mortgage more manageable.
First Steps to Getting a Mortgage?
Get a Free Credit Report!The first step to getting a mortgage is to know your credit score. Understanding your credit report is a critical part to getting your mortgage. Raise your score while you shop for your home to get the lowest rate at closing, with a few easy steps you can easily raise your score in within a few months.
