• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

SkyBlue PortlandSkyBlue Portland

Real Estate Group

  • Homes
    • Portland
      • Portland
      • Downtown Portland
      • North Portland
      • Northeast Portland
      • Northwest Portland
      • Southeast Portland
      • Southwest Portland
    • East of Portland
      • Clackamas
      • Gresham
      • Happy Valley
    • South of Portland
      • Canby
      • Charbonneau
      • Gladstone
      • Lake Oswego
      • Milwaukie
      • Oregon City
      • Sherwood
      • Tigard
      • West Linn
      • Wilsonville
    • West of Portland
      • Aloha
      • Beaverton
      • Hillsboro
  • Condos
    • Downtown & Goose Hollow
    • North Portland
    • Northeast Portland
    • Northwest Portland
    • Pearl District Condos & Lofts For Sale
    • Southeast Portland
    • Southwest Portland
    • South Waterfront
    • East of Portland
      • Gresham
      • Happy Valley
    • South of Portland
      • Lake Oswego
      • Progress Ridge
      • Sherwood
      • Tigard
      • Tualatin
      • West Linn
      • Wilsonville
    • West of Portland
      • Beaverton
      • Hillsboro
  • Custom Search
    • Price Search
      • Portland
      • Aloha
      • Beaverton
      • Gladtone
      • Gresham
      • Hillsboro
      • Lake Oswego
      • Milwaukie
      • Oregon City
      • Sherwood
      • Tigard
      • Tualatin
      • West Linn
      • Wilsonville
    • Home Style Search
    • Master on the Main
    • New Construction
      • North Portland
      • Northeast Portland
      • Southeast Portland
      • Southwest Portland
      • East of Portland
      • South of Portland
      • West of Portland
    • Floating Homes
    • Open Houses
    • Custom Search
  • Neighborhood Guides
    • Beaverton Neighborhood Guides
      • Neighbors Southwest
    • Lake Oswego Neighborhood Guide
      • Blue Heron Neighborhood Guide
      • Lake Grove Neighborhood Guide
      • Mountain Park Neighborhood Guide
    • Portland Neighborhood Guides
      • Hosford-Abernethy
      • Kenton
      • Peninsula Park Rose Garden
      • St. Johns
    • West Linn Neighborhood Guide
      • BHT
      • Bolton
      • Hidden Springs
      • Marylhurst
      • Parker Crest
      • Robinwood
      • Rosemont Summit
      • Savannah Oaks
      • Skyline Ridge
      • Sunset
      • Willamette
      • Willamette Neighborhood Guide
      • Willamette Neighborhood Guide
  • West Linn Spray Parks
    • Hammerle
    • Marylhurst Heights
    • Robinwood
    • Tanner Creek
  • Buyers
    • Your Buyer’s Agent
    • Buyer Consultation
    • The Home Inspection: Do You Need It?
    • Multiple Offers: How to Compete
    • 5 Steps to Getting a Mortgage
    • Don’t Get Caught Closing Costs
    • 10 Steps to Relocating to Portland, Oregon
    • Tips for the First Time Home Buyer
    • Free Buyer Guide
    • Blog Articles
    • Market Alerts
  • Sellers
    • Guide to Selling Your Home
    • How to Sell Quickly
    • Luxury Home Pricing
    • Selling Your Home in Today’s Market
    • Free Seller Planning Guide
    • Blog Articles
    • Instant Home Valuation
  • Meet the SkyBlue Team
  • SkyBlue Portland Blog
Got the Mortgage Blues? | SkyBlue Portland

Got the Mortgage Blues?

Today’s lending environment can be intimidating. Some home buyers go into a head spin just thinking about it.

Got the Mortgage Blues? | SkyBlue Portland

When it comes to buying a home in today’s crazy-hot real estate market, there’s so much to think about. So much preparation. So many important decisions to be made. Serenity now!

But you’re on the right track already.. Because I (Rachel Bradley) know the terrain. And I’m going to walk you through it, step by step.

By planning ahead, you’re in a better position to negotiate and move forward on the purchase of your next home. As your Accredited Buyers Representative (ABR®) and a Principal Real Estate Broker, I’m here to make sure you get all the help you need to successfully complete your purchase, including reviewing and selecting the best lender for your situation.

It’s important to enlist a knowledgeable local lender who has your best interest at heart. And to do your homework and ask questions. During our initial buyer consultation, I’ll provide you with a list of proven local lenders who delivered great results for the diverse needs of my clients. I’ll also answer general lending questions and advise you on your next steps.

5 Steps to Getting a Mortgage in Today’s Market

  1. EVALUATE AFFORDABILITY   Lenders and mortgage insurers look at a variety of factors, but the two most important are your monthly mortgage payment and your total debt load, relative to your gross income. As a home buyer, it’s also important to consider additional expenses, beyond your mortgage payment, that can impact how much you can afford for a home. Depending on your situation, these other expenses could include property taxes, mortgage insurance, homeowners’ insurance, home maintenance expenses, homeowner association fees, parking expenses, and utilities.
  2. DISCUSS YOUR OPTIONS   Deciding what type of mortgage is best for you depends on your personal situation, your financial scenario, and your future plans. For example, if your down payment isn’t large enough to qualify for a conventional loan, an FHA mortgage can be an excellent option. Alternately, you may qualify for an attractive program offered at the national or local level. Mortgage programs are always changing, so ask your ABR® (me) about current options.
  3. INTERVIEW LENDERS   As your ABR®,  I can provide several recommendations, based on past home buyers’ experiences. Rates and fees are typically very competitive between lenders, so it’s often more important to focus on other factors, including the level of service provided and how well the lender has executed transactions for other buyers. The type of mortgage you are seeking may also impact your choice of lender, since some are more familiar with certain mortgage programs than others.
  4. GET PREAPPROVED   Completing a loan application with one or more lenders will help confirm whether your intended mortgage financing plans will work out as hoped, or if you must modify your plans. However, i’s important to understand that preapprovals are contingent upon the lender receiving full documentation. Your preapproval does not guarantee that you have a mortgage. Still, it’s an important first step that will also put you in a better negotiating position with sellers.
  5. COMMIT TO A LENDER   Show your lender that you are serious about working in partnership with them by submitting all the required documentation as quickly as possible.

These five proven steps will greatly improve your ability to get an optimal mortgage.

Please call me (Rachel Bradley) at 503-936-3373 to answer any questions you may have. Looking forward to working with you!

Check Out Our Resources for Home Buyers

  • 10 Funky Monkeys to Ignore When Scouting Your Dream Home | SkyBlue Portland
  • 4 Reasons to Buy Your Beautiful New Home Now | SkyBlue Portland
  • Free Buyer’s Guide | SkyBlue Portland
  • Home Sweet Home. Four REALLY Sweet Reasons to Buy a Home in Portland Now. | SkyBlue Portland
  • Sign Up for Market Alerts | SkyBlue Portland
  • Tips for First Time Home Buyers | SkyBlue Portland
  • What Do Interest Rate Increases REALLY Cost You? | SkyBlue Portland
  • What’s a Buyer Consultation & Why | SkyBlue Portland

Meet Rachel Bradley

https://www.skyblueportland.com/wp-content/uploads/2018/09/Buyer-Consultation.mp4

Should You Buy Now or Wait?

https://www.skyblueportland.com/wp-content/uploads/2018/07/Should-You-Buy-Now-Or-Wait-Until-Next-Year.mp4

Portland Metro Open Houses

Portland Open Houses | SkyBlue Portland

You Don’t Need 20% Down to Buy

https://www.skyblueportland.com/wp-content/uploads/2018/08/You-Dont-Need-20-Down.mp4

Who’s Representing YOU?

Do You Know Who’s Representing YOU? | SkyBlue Portland

3 Things You’ll Need to Get a Home Loan

https://www.skyblueportland.com/wp-content/uploads/2018/08/3-Things-Youll-Need-to-Get-a-Home-Loan.mp4

FREE Buyers Guide

Search for:

About Us

Our professional staff is passionate about our clients’ goals, and aim to treat each client as if they were our only one. Together, your next real estate experience will not only be enjoyable but also produce great results! Please feel free to give us a call, or send an email anytime and we will contact you as soon as possible.

Account Login



SkyBlue Portland Real Estate Group
Premiere Property Group, LLC
5000 Meadows Road - Suite 150
Lake Oswego OR 97035

Contact Us

© 2022 · Equity Framework

SiteMap

Log in