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NMLS #70358
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VA Purchase - VA Refinance - Zero Down VA Loans - VA Streamline - VA Disability - VA Real Estate
Klamath Falls Oregon VA Home Loans - Since 2006 (Veteran Owned And Operated)
- 0$ Down VA Home Loan to $417,000
- VA Service connected disability as low as 10% saves thousands
- VA Eligibility can be used more than once
- VA Streamline your existing VA Home Loan to a lower interest rate
- Refinance and cash out your present home and receive 90% of it's present value with a VA Loan
- VA Loans, the seller can pay all of your closing costs
- Veterans can do a VA Loan 2 years after a bankruptcy
We Have Helped
- U.S. Army
- U.S. Navy
- U.S. Air Force
- U.S. Marine Corps
- U.S. Coast Guard
- Army National Guard
- Navy Reserve
- U.S.M.C. Reserve
- Army Reserve
- Air Force Reserve
- Coast Guard Reserve
- VA Loans have no mortgage insurance
- VA Home Loans work for Reserve and National Guard components with 6 full years of service
Call now to let us help you get a VA Home Loan at the lowest rates possible!
Why Wait? Call Your VA Home Loan Experts Today! 503.445.1038
800.920.5420 Office hrs: 7am - 5 pm Mon - Fri Find out about all the great VA Home Benefits you have earned!
Every VA Purchase closed in Oregon Creekside donates $100 to the Oregon chapter of Operation Homefront.
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VOW To Hire Hero’s Act
December 19th, 2011
Congress has passed, and the president has signed into law the VOW To Hire Hero’s Act of 2011. Included in the law is the Veterans Retraining Assistance Program (VRAP) for unemployed veterans. This new program is set to roll out on July 1st, 2012 and will provide retraining for the veterans hardest hit with the current economic conditions.
The VRAP is offering 12 months of training assistance to unemployed veterans and limited to 45,000 participants during fiscal year 2012 and to 54,000 participants from October 1, 2012 through March 31, 2014. Participants may receive up to 12 months of assistance at the full time payment rate under the Montgomery GI Bill – active duty program.
Participants must be enrolled in a VA approved program of education offered by a community college or technical school. To see the rules, regulations and guidelines for this Act please go to the US Department of Veterans Affairs or the Department of Labor.
Kerry N. Greenwald
NMLS # 70269
Sr. VA Loan Specialist
Creekside Mortgage Inc.
360-571-LOAN 5626
www.VALoanWA.com
www.OregonVALoan.com
The Greenwald Team email
October 1st, 2011
One benefit of adding an email for the team is that everyone in the team gets the message and it will help the overall flow of communication in the office. The new email name is: TheGreenwaldTeam@Creeksidem.com which will enable distribution to everyone. Employees associated with title companies, real estate agents, and borrowers can use this email, and this way everyone will get the message and it will be dispersed properly. Ultimately it would prevent tasks from being delayed so the response will happen instantaneously.
Kerry N. Greenwald
NMLS # 70269
Sr. VA Loan Specialist
Creekside Mortgage Inc.
360-571-LOAN 5626
www.VALoanWA.com
www.OregonVALoan.com
Creekside Mortgage New VA Logo “NW #1 VA Home Loan Experts”
July 18th, 2011
We changed our logo representing the fact that we are the number NW #1 VA Home Loan Experts. We really want to change our motto towards that, due to the fact that 90% of what we do now is just VA in Washington, Oregon, and Idaho. We can do all types of loan options, but VA seems to be the major factor of what Creekside Mortgage has been doing. The majority of employees that work at Creekside Mortgage are prior service, or either had parents in the service or family members who are Veterans. Our pride in continuing to specialize in VA will definitely be something we carry into the future.
Kerry N. Greenwald
NMLS # 70269
Sr. VA Loan Specialist
Creekside Mortgage Inc.
360.571.LOAN (5626)
www.VALoanWA.com
www.OregonVALoan.com
Dodd-Frank Bill and the Mortgage Industry 3 Months in
July 1st, 2011
It has now been over three months since the Dodd Frank Bill was enacted, affecting the mortgage industry as a whole. The take on it from industry professionals is that it has made business much, much more difficult due to requirements to meet the regulations. Many more man-hours are required just to comply with them. Now that we have seen the full effect of the bill,it is clear it has affected two groups and two groups only-individual loan officers who facilitate the transactions, and the consumers themselves. From what we have noticed, interest rates about a quarter different in the negative, with a higher rate for the burrower. The loan officer is making about 15-20% less. The companies and banks that the bill targeted have not felt the effect—the expenses just been passed to the consumer.
Kerry N. Greenwald
NMLS # 70269
Sr. VA Loan Specialist
Creekside Mortgage Inc.
360.571.LOAN (5626)
www.VALoanWA.com
www.OregonVALoan.com
Stranger Tides Pirate Contest
May 19th, 2011
Here at Creekside we are having a competition to see what team can get the most new people to “like” our Facebook page. The winners get a free lunch, half day off paid and movie passes to see the new Pirates of The Caribbean movie that comes out this weekend.
Please help us to be the top winning team so we can enjoy the bounty and not have to watch another team commission what is rightfully ours! If you are already a fan…thank you!!
Do it for Captain Jack!! Thank You in advance!!
Elisa Cotton / NMLS#86692
Assistant to Michael Frakes
NMLS#71539
Creekside Mortgage
360-571-5626 x 115
360-326-1672 Fax
Like us on Facebook!!
April 1st 2011 Industry Changes
March 13th, 2011
The Changes in the mortgage industry on April 1, 2011 are going to be overwhelming. It is going to be the good, the bad, and the ugly. But overall, I do see the positive aspects in the changes that will happen on that day. The biggest thing is that everyone is going to have to do it. Where rules and laws in the past have subjected only limited amounts of the industry, at least what can be seen so far of these changes should affect everyone in the industry.
There are aspects of the April 1 Frank Dodd Act that I feel will be good in the long run. A lot of people argue with the Safe Harbor Act portion, which states that it is our duty and our job to put the individual in the loan or the best option for them. There are a lot of people who say that hindsight is 20/20 when you look after the fact, for example, If certain individuals who took out a 7-year ARM and then decided to stay in the house longer than seven years, which they had not originally intended when they first moved, their situation appears worse than if they had sold as originally planned…or if they did a 30-year FHA loan when possibly they should have done a different type of loan to fit their needs.
In my industry, what I see in the bill is positive. Everyday I come across people who are Veterans, that in some cases have service-connected disability benefits, and they are pushed in or roped into a loan that does not fit their needs. From my perspective, that should never happen again. If you do have your VA eligibility, and in some cases have disability through the VA, there is no reason and hopefully no time in the future that anyone will ever do a non-VA loan for you. So some parts of the bill I can see as benefits.
Most of the changes, however, will be in accounting and pay structures. The intent of this bill was to have the consumer have less in cost, but I don’t think that will be successful. For example, right now, a year plus into the effects of the changes in RESPA that were instituted back in January 1, 2010, you can see that the individual borrower is actually paying more in cost than what they were prior to that event due to bank logistics and the individual companies involved that have to offset their expense to facilitate the law. I feel the same thing is going to happen on April 1. While the intent of the law is to lower the cost to the consumer and enable them to make more free choices, actually, in the end, it’s going to make it more expensive for them because businesses pass that expense on to the consumer. That is the one negative that will come out of this bill. Overcharging is still going to exist. It is not going to go away. It is going to be a shell game on how banks or how brokerages or how mortgage bankers will pay the individual loan officers. That’s just my opinion on what the law is going to effect, and I look forward to that date to find out exactly what is going to happen.
Kerry N. Greenwald
NMLS # 70269
Sr. VA Loan Specialist
360.571.LOAN (5626)
Interest Rates Improving
February 23rd, 2011
What an overall crazy week it has been in the markets, but the good news is that rates have actually been improving; sticking with the theory that bad news is good news for interest rates. The issues going on in the Middle East, oil prices drastically increasing, and the stock market on decline have contributed to improvements in rates over the last week. This will most likely continue over the coming months. No one sees any light at the end of the tunnel and oil prices will probably continue to increase through the busy fuel months into the summer.
Kerry N. Greenwald
Sr. VA Loan Specialist
Creekside Mortgage Inc.
360.571.LOAN (5626)/503.445.1038
www.VALoanWA.com
www.OregonVALoan.com
Tax Credit Extension Coming to a Close
February 14th, 2011
Were you a Guard or other U.S. military member serving on qualified official extended business outside the United States for at least 90 days during the period between December 31, 2008 and May 1, 2010? If so, you may be eligible to receive the $8,000 tax credit offered for first-time homebuyers as long as you purchase, or enter a contract to purchase, a home before April 30, 2011, and close on the home before June 30, 2011.
The definition used for “first-time homebuyer” in this case is someone who has not owned property in the last three years. So, even if you’ve had a home in the past, you could be eligible as a first-time homebuyer if you fit within these guidelines. Additionally, you must be purchasing a primary residence. There is a $6,500 credit available to long-time homeowners buying a replacement principal residence as well. Please see the IRS website for additional qualifying guidelines.
This gives service members who may not have been in the country at the time the full opportunity that their fellow citizens had to take advantage of this government incentive.
Often, people find that they can purchase a home for not much of a difference than what they pay in rent every month. With VA, you can get into a home with $0 out-of-pocket cost, since it is one of the few loans that will finance 100% of the appraised value of the home.
Here at Creekside Mortgage, we have helped a number of Veterans purchase homes and receive this tax credit. Combined with historically low property values and great interest rates on VA loans, you can hardly turn this down! Give us a call with your questions.
Kerry N. Greenwald
Creekside Mortgage Inc.
360-571-LOAN (5626) / 530-445-1038
www.VALoanWA.com
www.OregonVALoan.com
Northwest 2011 Outlook
January 3rd, 2011
Going into 2011, I would like to take a snapshot of the real estate market in the Pacific Northwest. We were one of the last in the country to start showing a decline in home values, and we will probably be one of the last to come out of this decline. It looks like nationally, we have hit bottom. Some estimates were that in 2009 and 2010 we would fall back to 2000 numbers. We are now getting close to those figures. 2011 will most likely be the end of the decline. We probably won’t necessarily go up in value anywhere in the near future. As soon as unemployment corrects itself and the economy starts to move somewhat, I feel housing prices will rise after that. My estimate is that we’re in a seven year cycle and we’re about four years into it. We probably have three years before things start to take off again, with a lot depending on how inflation will affect the housing market due to the bubble popping. Will inflation push prices up? No one really knows. There is no time in history that we can reflect on as an example or parallel to what we just went through, so it is tough to say. In my opinion, in the NW, home price recovery will primarily be driven off a correction in the unemployment rate. When we see unemployment the 6% or 7% ranges, I think the housing market will soon follow those numbers.
Kerry N. Greenwald
Sr. VA Loan Specialist
Creekside Mortgage Inc.
360-571-LOAN (5626) / 503.445.1038
www.VALoanWA.com
www.OregonVALoan.com
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