Fred Chamberlin - Eugene/Springfield's #1 Experienced FHA Mortgage Consultant

Short Sales, Foreclosures, Deed in Lieu of Foreclosure, is there a difference when talking about credit? According to my credit expert from First American Credco, the answer is no. Please take a minute to look over my post about the effects each will have on your credit and ability to purchase a home in the future. Current home owners that are contemplating a short sale should get some legal advice first.

I hope you will find information that is valuable when deciding the way to go in a bad situation. It is my opinion that Realtors can help their prospective clients by knowing these answers too. Feel free to contact me at 541-342-7576/541-221-3455 Cell with any questions, or e-mail me at eugeneloanguy@gmail.com. I can also recommend my outside blog posts anytime your need specific information about FHA Loans or USDA and VA loans.

Thanks everyone that stopped by one of my three websites to see my new header branding me across platforms. Now, I would like to invite you to visit FHA Loans Oregon and take a look at my three part series in how to chose a loan officer. I think you should find it interesting and give you some material to use when referring your clients to the loan officer that will help them through the rigors of an FHA loan.

Not everyone is a perfect loan officer, and I can guarantee that I am not perfect, but I do guarantee that I am always trying to keep my knowledge current, I have never rested on my experience. Please take a look and feel free to leave me a comment. Since Positive Real Estate Professionals automatically posts to there from my websites, you can read it there also. I am hoping that everyone is having a wonderful Memorial Day weekend. Just remember the reason for this holiday to for the rememberance and honor to our Armed Services and our fallen heros.

Eugene Loan Guy, my outside blog, has a new heading and I have decided to make all of my outside blogs, Eugene Loan Guy, FHA Loans Oregon and No Money Down OR/WA/CA, similar in appearance with the same heading. For those of you familiar with Oregon, you might recognize the picture in the heading below as being the Three Sisters, located between Bend and Eugene.

I think that having this new heading that is so specific to my area is a great addition to my web presence. I have to thank my webmaster(s), Danny Thornton and Rich Dansereau of RandDArt, took this wonderful picture and transformed it into the heading. I will continue to use the fantastic heading that Marti designed for me here on A/R, but I wanted to make sure that my branding was consistent.

I will eventually use the same blog heading for my posting on Positive Real Estate Professionals. That will give me brand recognition wherever I am posting. I have to also comment on the great things that Danny did with my blogs as far as blog rating. The changes and adjustments for SEO and blog rating has really made a huge difference in the number of visits and business coming from my websites.

It is amazing what can happen when you know the details that bring more searches to you blogsite. Since Eugene Loan Guy has only be in existence for about six months and the other two for just over 3 months, Alexa ratings of under a million are unheard of and mine was just over 200,000 last month for Eugene Loan Guy. Admittedly, it is worse this month (345,969), but that has to do with not making my consistent postings. Please note, Alexa ratings are better low than high.

The biggest problem that most first time home buyers have is coming up with the down payment. I have posted several times in the past various ways to get the down payment together, but it has still been out of the reach of some people. Now, that could change. The First Time Home Buyer Tax Credit is going to be available for the down payment on FHA loans in the near future, according the the Secretary of HUD.

Shaun Donovan, Secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a down payment. According to Secretary Donovan, the FHA's approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. For the first time, eligible home buyers will be able to access the funds immediately at the closing table.

Needless to say, there are no procedures in place at this moment to take care of the “bridge” loan, but this should be done in a fairly short fashion since HUD wants this to be the new way of doing things. My suggestion is that those that qualify for the First Time Home Buyer Tax Credit on an FHA loan start looking for a home now. The procedures should be in effect by the time the purchase is ready to close…..at least I hope that is the case. This should be a boon to the Real Estate purchase market and start using up some of the excess inventory. That may also mean rising home prices in a short period of time.

FHA Loans, VA Loans, USDA Loans, Conventional Loans, Eugene, Springfield, Oregon, Lane County, $8000 First Time Home Buyer Tax Credit and mortgages. All of these are search terms used to find what you are looking for on the internet. They will give you a list of websites set up to answer questions and direct you to a place to start your loan application process. However, the thing that upsets me is that many of those websites are only mining customers to be sold in lists to people like me….like me, not me.

One of the things about my website that is different than a lot of the ones found in a search is that it gives you information about me. My name is on my website. My phone number is on my website. My e-mail address is on my website. My website is used to give my readers information and, if they think I am the best person to help them, get them in touch with me for the purpose of putting a loan application together. It really irritates me when I go to a website and find all kinds of information but nothing about who did it. No company name, no individual name, no phone number and no email address, just a form to fill out for more information.

Another thing that makes me a bit upset is when I go to one of those websites and I see a blog posting that is one that I wrote. Now, they are good enough (most of the time) to provide a link to the original posting, but it is driving traffic to their website to read information that I wrote. Interesting conundrum, isn’t it?

So, if you want a real person that is in a real place that makes real loans to real customers, give me a try. I am a mortgage professional and I look forward to meeting my customers either in person, by phone or on the internet, but meet we will. I am available for consultation on almost any loan product in Oregon, Washington or California. Government loans (FHA, VA, USDA) are my specialties, but I am competent is conventional loans also. Visit me on my website, http://eugeneloanguy.com and see if you know it is me.