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It is time to get pre-approved for a mortgage

It is time to get pre-approved for a mortgage

Mar 31, 2021 | Financing, Home Buying, Housing Market, Mortgage Programs

Anyone can look online at the general requirements to purchase a house. If you wander around long enough, you can figure out if you might qualify based on your current financial situation. When you’re ready to get serious about buying, though, you should take a look...

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A volatile week

A volatile week

Mar 20, 2021 | Home Buying, Housing Market, Inflation, Interest rates, Real Estate, Refinancing

It was another rough week for mortgage markets. Generally, things looked promising Wednesday when the Fed meeting revealed no policy changes. As a result, rates dropped from their peak.  The next day, however, rates resumed their rise, and mortgage rates finished the...

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Good news for the economy is bad news for rates

Good news for the economy is bad news for rates

Mar 12, 2021 | Financing, Home Buying, Inflation, Interest rates

So far in 2021, mortgage rates have been on an upward path. Recently released economic data was stronger than expected - so the rising trend continues. As a result of the improving economic conditions, long-term bond yields (including mortgage rates) have risen...

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Purchasing a home can help stabilize your expenses

Purchasing a home can help stabilize your expenses

Mar 7, 2021 | Home Buying, Housing Market, Mortgage Programs, Real Estate

One of the most common reasons people buy homes is for the immediate benefit of stable monthly payments. Once you own a home, you have a steady monthly mortgage payment for years with a fixed-rate mortgage. No more worrying about rental prices continuously going up. ...

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Mortgage rates rise drastically as the economy recovers

Mortgage rates rise drastically as the economy recovers

Feb 26, 2021 | Home Buying, Housing Market, Inflation, Interest rates, Refinancing

The economic recovery continued in the United States. The recovery, combined with additional government stimulus on the way, lead to mortgage rates ending the week at their highest levels in a few months. The pandemic-related reduction in economic activity led to a...

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Is 2021 a good year to buy a house?

Is 2021 a good year to buy a house?

Feb 24, 2021 | Home Buying, Housing Market, Interest rates

Many industries faced significant problems in 2020 as a result of the coronavirus pandemic. The housing market was a different story -  it thrived. Mortgage rates fell to historic lows while housing prices increased in most markets across the United States. With...

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Appreciation of your home can lead to profits and a better bottom line

Appreciation of your home can lead to profits and a better bottom line

Feb 16, 2021 | Financing, Home Buying, Real Estate

Owning a home can be a very smart financial decision. The value of your home is likely to increase over time. If you stay in the house long enough (typically at least 5 to 7 years), you could profit when selling your home. Housing prices can shift for various reasons,...

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Tax Benefits of purchasing a home

Tax Benefits of purchasing a home

Feb 8, 2021 | Home Buying, Investment Properties, Real Estate, Taxes

One of the biggest benefits of owning a home is the tax breaks. Tax breaks are available for single-family homes, townhomes, condos, and manufactured homes. Homeownership tax benefits specifically come in the form of deductions. The most common types of tax deductions...

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How does inflation factor into mortgages?

How does inflation factor into mortgages?

Feb 1, 2021 | Financing, Housing Market, Inflation, Interest rates, Refinancing

You may be hearing a lot about inflation over the next few months. Reduced economic activity caused by the pandemic has led to a decline in inflation. This slowing of inflation has played a role in record low mortgage rates. However, investors are now concerned that...

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Refinancing to Consolidate High Interest Debt

Refinancing to Consolidate High Interest Debt

Jan 28, 2021 | Credit, Financing, Interest rates, Real Estate, Refinancing

As we said before, those Christmas credit card bills are starting to roll in. As a result of Christmas 2020, you may find that you have a sizable amount of high-interest credit card or personal loan debt. A cash-out refinance can improve your cash flow situation and...

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    scott@altmo.com
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    503-703-4699
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    Alterna Mortgage
    10211 SW Barbur Blvd Ste # 107A
    Portland, OR 97219
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