Summit Mortgage Oswego Hills Wine Tasting Event
On Friday, June 14 2013, Summit had our Wine Tasting Event at the beautiful Oswego Hills Vineyard and Winery in West Linn, Oregon. Business partners, colleagues, friends and family enjoyed the excellent wines paired with delicious food from Mississippi Delta BBQ. It was a great opportunity to show appreciation for our current business partners and to introduce new partners to our Relationship lending and services. Learn a little bit more about Oswego Hills Vineyard and Winery and Mississippi Delta BBQ below, … Continue reading
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Portland Movies in the Park 2013
Portland Movies in the Park has become an annual event that people from the Portland/Vancouver area enjoy each summer. The event is brought you by the City of Portland Parks and Recreation department with sponsors K103 FM and Z100. Portland Movies in the Park 2013 The concept is simple, watch movies in your local parks for free: “Movies in the Parks turns your local park into a living room. Bring your blankets, chairs and snacks and snuggle in for movie time … Continue reading
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Summit Finances a Dreamhouse Project
From Run-Down Farmhouse to Dreamhouse The Spring Green Living insert of the News-Register, serving McMinnville and the Yamhill Valley featured an interesting story about a couple and their journey to secure financing for and to renovate an old farmhouse. The article entitled, From Ruin to Jewel, begins like this: “The bank called the century-old house “unlivable” when Cathy and Steve Long tried to secure financing for its purchase and renovation”. The “character” and potential of the home lead them back … Continue reading
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Doernbecher Golf Tournament at Camas Meadows
Summit Mortgage Corp was proud to sponsor the Putting Contest for the Kiwanis Doernbecher Golf Tournament in support of a great cause. Kiwanis Doernbecher Children’s Cancer Program “In the late 1980′s a small group of Kiwanians discovered the need for a bone marrow transplant unit at Doernbecher Children’s Hospital in Portland Oregon. They raised some money and in 1990, started the Kiwanis Bone Marrow Transplant Unit. As technologies changed, we had to change also, and in 1998 became the Kiwanis … Continue reading
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RMLS Market Action – April 2013
April 2013 Market Action The latest RMLS Market Action Report was recently released, showcasing data from the month of April. It shows stabilization in inventory and reflects the increases in most sales categories across the board in the Portland Metro area. Visit RMLS for information on listings from the Portland metro housing market and beyond. Portland Metro Housing Market Notes The amount of new listings on the market for the area is a more than 20% increase over the month … Continue reading
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Education Slows Housing Recovery?
There have been quite a few positive signs for the real estate market lately, especially when we look at data over the previous year. Prices are up, sales are increasing, and rates remain low. The one negative may be the lack of inventory, but again, there are signs from builders that new constructions are on the rise which would help drive new purchases even as refinances slow down. Yet, even for those looking to refinance there are options; the extension … Continue reading
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Going Green – Portland Green Homes
Earth day was yesterday, but “going green” isn’t just for one day a year. Green homes are increasingly popular in the region. How do we promote the availability of this type of home in the area? First, we should answer the question, “What is a green home?” Many of us have a vague idea of the term to mean a house that is environmentally friendly. There is sometimes a stigma that a green home might lack the modern conveniences of … Continue reading
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FHA Loan Updates
FHA MIP Reminder First off, a reminder about changes that will affect a large majority of FHA loans that were instituted as of (case numbers on or after) April 1st, 2013. The percentages are based on the loan amount, but the basic pieces of information for most borrowers seeking to secure an FHA loan after this date are that: MIP (Mortgage Insurance Premiums) for most FHA loans will be increasing, and again, for most FHA loans, the MIP will now … Continue reading
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Latest RMLS Market Action Shows Positive Growth
The latest Market Action report from the RMLS has been released for the month of March. It’s showing some continued positive growth in the area of Portland home loans and throughout the extended metro area. New listings, pending sales, closed sales, as well as median and average prices are all up over the same time last year. This is happening as total market time has decreased. These stats lead to the RMLS terming this as the “Best March since 2007”. … Continue reading
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How do you know you’re ready to buy a home?
Are you ready to buy a home, or at least thinking about it? Before you say yes, make sure these things are in order. These are just a couple of pointers and things to keep an eye on if you’re getting ready to buy a home. Check your credit to make sure your lender can get you pre-approved for a loan. If your credit is mediocre or below what it needs to be for a loan approval find a way … Continue reading
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