CELEBRATION OF LIFE
Celebration of Life - Jon Triest A Celebration of Life is planned for our friend and colleague, Jon Triest, this Friday. Jon was a dedicated Chamber of Commerce member and former Board member. His wit and wisdom will be missed. Jon had so many friends and touched so many lives that the McMinnville Chamber of Commerce wants to be sure that people are aware of the celebration of life ceremony being held Friday, June 12th, from 3:00-5:00 PM at the McMinnville Grand Ballroom, 325 NE 3rd St, McMinnville, OR 97128. Donations in lieu of flowers can be addressed to McMinnville Area Habitat for Humanity or YCAP.
| Representative Jim Wiedner to Visit |
| This Friday, June 5th, at Oregon Mutual Insurance, Rep. Jim Wiedner will have a chance to speak about his recent activities and future plans. Bring your questions, comments and concerns for Rep. Wiedner to address. The forum will begin at 8:15 AM, please RSVP to the Chamber Center at 503-472-6196 or chamberinfo@mcminnville.org. |
I had the opportunity to listen to Jim Wiender about a month ago and found him to be very informative about the issues. This is an opportunity for you, the public to talk to him about your questions, comments and concerns. Don't miss this event!


Sandy Mitchell
503-502-6408
Here are the Real Estate Sales for Yamhill County, listed by City:
Data Source: RMLS
Newberg 27 Sales
$135,000 to $300,000 21 SALES
$301,000 to $398,000 4 SALES
Commercial properties 2 SALES $377,500 & $1,195,000
McMinnville: 30 Sales
$9000 to $300,000 25 SALES
$301,000 to $412,000: 3 SALES
Multi Units: $250,000 to $275,000: 2 SALES
Dayton: 3 Sales
$150,000 to 515,000: 3 SALES
Dundee: 1 SALES
$228,000: 1 SALE
Yamhill: 1 SALE
$380,000 1 SALE
Amity & Carlton 0 Sales

Sandy Mitchell, The Kelly Group, Keller Williams
503-502-6408 or sandy@thekellygroup.net
The American Recovery and Reinvestment Act of 2009 offers home buyers a tax credit of up to $8000 for purchasing their first home. Families can only access this credit after filing their tax returns with the IRS. Today's, (May 29, 2009,) announcement details FHA's rules allowing state Housing Finance Agencies and certain non-profits to "monetize" up to the full amount of the tax credit (depending on the amount of the mortgage) so borrowers can immediately apply the funds toward their down payment. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 % of appraised value of their closing costs, which can help achieve a lower interest rate. Visit HUD'a website to read the FHA's new mortgagee letter:
http://portal.hud.gov/portal/page?_pageid=153,8026931&_dad=portal&_schema=PORTAL

Sandy Mitchell, The Kelly Group, Keller Williams
503-502-6408 or sandy@thekellygroup.net
I am not a Mortgage Broker so when a client asks me what their rates will be or what the current rates are, I will give them a "ball park" rate but I am careful to say "I am not an expert" and then give them the names and phone numbers of a few mortgage brokers I have worked with. I want to make sure my clients financial questions are answered by "an expert". As we know, rates are subject to change due to market fluctuations and a borrower's eligibility.
Here are 26 different criteria that affect a mortgage rate and it would be impossible for anyone to quote an interest rate they can count on without a thorough knowledge of a persons unique financial situation.
1. Loan Amount, 2. LTV, 3. CLTV, 4. Credit Score, 5. Credit History, 6. Escrow Preference, 7. Closing Date, 8. Loan Type, 9. Property Type, 10. Occupancy Type, 11. Residency, 12. Available Assets, 13. Asset Seasoning, 14. Co-Borrowers, 15. Debt Ratio, 16. housing Ratio, 17. Improvements Needed, 18. Employment Type, 19. Employment History, 20. Documentation Type, 21. Paying Points, 22. Length of Loan, 23. Relocation, 24. Seller Contributions, 25. Gifts, 26. Cash-out.
Leave it up to a mortgage expert to analyze your clients individual needs and come up with a combination of loan programs and interest rates that makes the most sense for your client and their family.
Sandy Mitchell, The Kelly Group, Keller Williams
503-502-6408 or sandy@thekellygroup.net
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