John Ross Auction and other Portland News

by | Mar 15, 2010 | How to Guides, Media Center, Uncategorized

The John Ross in the south waterfront neighborhood will be auctioning off 50 of their remaining condos in April. Click here for details, this is the best resource I have found.

MGIC takes Portland off its declining market list! MGIC is one of the major mortgage insurance companies and this is a significant move. Anyone looking to get a loan with under 20% down has to pay mortgage insurance. Lately it has been hard if not impossible to get mortgage insurance on conventional loans unless you’ve had at least 10% down. Hopefully with this good news we could see 5% down conventional financing which is good news with FHA tightening up guidelines and adding more fees to FHA insured loans. Full MGIC Bulletin

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