PRM Summer Selfie Contest Details

Win a $100 Home Depot gift card! Post a selfie of yourself and your summer home project on the Pacific Residential Mortgage Facebook page, and include the hashtag #PRMSummerSelfie. Let us know what you are working on: home remodel projects, garden and landscape … Continue reading

Condo Certifications

Since the housing bubble burst, tighter restrictions have been implemented on condo financing. Many lenders suffered their biggest losses from defaults on condominium loans. These restrictions include higher interest rates and lower approval rates. Above and beyond the financial situation … Continue reading

Weekend Fun – Pedal Power

Dust off the old two wheeler this weekend, and get ready for some great biking adventures; no lycra required! The west coast is bursting with bike races, biking events, and even beer and wine tasting bike tours! Requiring 32 feet … Continue reading

Market Monitor 7.23.2014

NAR Reports Existing-Home Sales Increased 2.6% in June According to the National Association of Realtors (NAR), the sale of existing homes increased to 5.04 million in June, from 4.91 million in May, an increase of 2.6%. Existing-home sales have not … Continue reading

PRM Congratulates our Top 10 Producers for June 2014!

Avoid Mortgage Insurance with Subordinate Financing

Mortgage insurance is required for conventional home loans with a down payment of less than 20 percent of the appraised value of the home. The cost of mortgage insurance depends on the size of the down payment, the loan and … Continue reading

Market Monitor 7.17.2014

HUD Scorecard Shows Housing Market is improving The U.S. Department of Housing and Urban Development (HUD) and the U.S. Treasury Department recently released the June edition of the Housing Scorecard. The June Housing Scorecard shows that sales of new and … Continue reading

Weekend Fun – July 18-20

‘Tis the fair and festival season! This weekend is full of family friendly festivals and fairs for all interests and ages. The Gresham Arts Festival, July 19, in Gresham, OR, is filled with talented artists selling their latest masterpieces, turning … Continue reading

Tips on Financing Short Sale or Foreclosed Properties

Writing an offer on a short sale or foreclosed property? Make sure your buyers are informed! While buying a short sale or foreclosed property may seem like a great deal to your clients, there are some important things to consider from … Continue reading

Market Monitor 7.9.2014

Mortgage Applications Up After Several Weeks of Declines The Mortgage Bankers Association (MBA) surveys the number of mortgage applications weekly. After five weeks of declining applications, last week’s applications were up 1.9%. Purchase applications were up 4%, while refinance applications … Continue reading