Avoiding Common Home Mortgage Pitfall

(CONSUMER REPORTS) — The peak season for home sales is in the spring. Many homebuyers are likely to make a serious mistake. According to the Consumer Financial Protection Bureau, almost half of all homebuyers don’t shop around for a mortgage. Consumer Reports has important advice on how to be a savvy homebuyer. Just a small … Continue reading »

Habitat Family Pays Off Mortgage

SPRINGFIELD, Ore. — Friday marks a proud moment for the Ramirez family. They are now homeowners after they wrote a check for their very last mortgage. The family of seven built their home on the 200 block of South 34th Street in 1998 with the help of Habitat For Humanity volunteers. After 17 years, they finally paid … Continue reading »

Program Helps Homeowners with Payments

EUGENE, Ore. — In Lane County at least 2,500 homeowners are 90 days or more behind in their mortgage payment, which is why officials here at Neighborhood Economic Development Corporation say homeowners assistance programs are so important. To qualify for the Home Rescue Program, homeowners must have seen a decline of 10 percent or more … Continue reading »

Home Prices on the Rise

(CNN) — We’re getting another sign that the housing market is picking up steam. The latest reading of the closely followed S&P/Case-Shiller index shows home prices were up more than four percent in October, compared to a year earlier. That’s the biggest percentage gain in more than two years, and it marks the fifth straight … Continue reading »