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Mortgage Myth: “Student Loan Debt Will Prevent Me From Buying a Home”

by | Jan 19, 2018 | debt-to-income ratio, Fannie Mae, home buying, Home Buying Process, home loans, Mortgage Myths, Oregon, student loan debt, student loans, Washington

Mortgage Myth: “College was expensive and, as a result, I have a lot of student loan debt. There’s no way that I’ll be able to buy a home in the near future!” If you have student loan debt, you’re not alone. In fact, you’re in the good company of over 40 million...

USDA Income Limits Increase in Oregon, Washington & California

by | Jun 10, 2017 | California, home loans, Miles D. Rusth, Miles D. Rusth Home Loans, Miles Rusth, Mortgage Industry News, Oregon, USDA home loans, USDA income limits, Washington

  Good news for qualified home buyers in Oregon, Washington, and California!   The U.S. Department of Agriculture (USDA) has announced an increase in income limits for qualified residents in many areas of the U.S., including Oregon, Washington, and...

FHA Plans to Reduce Annual Insurance Premiums on Mortgages

by | Jan 11, 2017 | Federal Housing Administration, FHA, FHA home loan, home buying, home loan options, home loans, HUD, Miles D. Rusth, Miles Rusth, mortgage, Mortgage Industry News, Mortgage Insurance Premium, mortgage news, reduced rates

  Exciting news from the Federal Housing Administration (FHA)! The improving housing market has lead to the announcement that the annual Mortgage Insurance Premium (MIP), that most borrowers pay, will be reduced by a quarter of a percent. These new rates are...

Buying a Home? Why Knowing Your Credit Score Matters

by | Oct 26, 2016 | credit report, credit score, free credit report, home buying, Home Buying Process, home loans, Miles D. Rusth, Miles Rusth, mortgage, Resources

  Your Credit Score & Why It Matters
 Credit scores are important numbers derived from information found in your credit report. Your credit report and score shows lenders your credit history and helps them predict whether or not you will make future credit...

8 Tips for First-Time Home Buyers in Portland

by | Sep 12, 2016 | first-time buyers, first-time home buyers, home buying, home loan options, home loans, housing market, housing trends, mortgages, new home, Oregon, Portland, Portland housing market, Resources

  Portland has one of the hottest real estate markets with home values rising to record heights. Navigating this complicated market can seem scary and overwhelming – especially to a first-time home buyer. But, it doesn’t have to be. Your first-time home buying...