Creekside Mortgage - Blog

News, tips, and updates just for you!

What Makes America Great?

Isn’t it nice to have dedicated holidays to help us remember the things that are important to us? I know we should always be grateful, especially for the men and women who sacrificed so much for us, but life gets overwhelmingly busy. I’m grateful we have days like...

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Symbol of Freedom Luncheon

This year our own Mike Frakes represented Creekside Mortgage, Inc at the 2013 Symbol of Freedom benefiting CDM Long-Term Care services. This year’s event not only honored our Veteran’s but also commemorated a dark day in history. Fifty years ago this month, President...

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Happy Veteran’s Day

Veteran’s Day is just around the corner and if you were wondering what to do this weekend we have compiled a short list of free eats and treats, shopping and entertainment. Get out of the house and see a parade! On Saturday, November ninth come hear cannons fire and...

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National Association of Realtors 2013 Report

The National Association of Realtors puts out an annual report on the current home buying environment. If you’re a numbers person like me, this report is priceless. But, I’m probably correct in assuming that the majority of you are not so intrigued by the numbers, and...

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CCVAC Black Tie Event

On Friday, November first, Creekside Mortgage, Inc attended the Clark County Veterans Assistance Center’s Black Tie dinner and auction. Proceeds from the event will go towards assisting veterans as they make the transition from military to civilian life. The evening’s...

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Happy Halloween

Creekside Mortgage, Inc would like to extend a happy and heartfelt congratulation to Michael “Mike” Frakes for winning this year’s mandatory potluck and costume contest! Mike took best in show as the club wielding Neolithic loan specialist. Way to go Mike!  Hurry...

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27th Annual Veterans Day Parade

    Join Creekside Mortgage, Inc as we honor our veterans on Saturday November 9th at 11am. As a sponsor, we will be celebrating 27 years of the Lough Lagacy Veterans Parade at Fort Vancouver.  The parade will begin with an Air Force fly over and a...

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Is it time to move?

The market has made a big turn since the crash that started back in 2007. In fact, home sales have recovered nearly half what they had lost. Over the past few months, the home market has largely been in favor of sellers, but is it starting to change? According to the...

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Interest Rates Hit Four Month Low

We have all heard of the stock market and watched during the news as reporters give a brief synopsis of the current state of the economy. However, this does not always reflect the situation for home buyers or home owners.  What many are not accustomed to hearing...

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Home Sales Drop, But Veteran Loans Go Sky High

Housing Market in General After months of rapidly inflating sales and home prices, the market began it’s adjustment in September. Home sales dropped 1.9% in September from their 5.39 million in August to 5.29 million. Economists have been anticipating this adjustment,...

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New Bold Interest Rate Prediction

Over the last several months, we’ve seen some very dramatic roller coaster rides for the economy and mortgage interest rates. Between the Federal Reserve threatening to begin pulling out of the bond market and the political battle over the Affordable Care Act, the...

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Announcing Someone Brand New

As a team of United States Veterans, Creekside Mortgage is proud to announce the addition of United States Navy Veteran Joe Kuziel! Joe graduated from the US Army Special Operations Combat Medic Course and then served in the Navy as a Reconnaissance Corpsman for the...

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Business as Usual

The Shutdown and Debt Ceiling Tuesday marked 8 straight days of the government shutdown, and with an unpredictable end and a looming national debt default, the market is hunkering down and bracing for a big economic storm. October 17th is the deadline for the two...

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No Sweets, So Sweet October Challenge

This month several people in our office have committed to a no sweets challenge until Halloween! We were so impressed by this goal that we wanted to share it with all of you, and invite you to join us. While it’s completely up to you for how strict you want to be,...

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The sky is falling! The sky is falling! Oh wait, never mind.

What will happen with mortgages in light of the Government shutdown? The stock market suffered Monday as it anticipated the government shutdown. Then what the market feared, actually happened, and the result, the market improved as of Tuesday morning, mortgage...

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VA Loan Interest Rates

What is the benefit of doing a VA loan versus a conventional loan. We often think of VA loans, which are designed for active duty military and United State Veterans, as a loan that gets you a better rate. While this is usually the case, there are several other reasons...

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Using a Realtor

For most people, buying a home is a very important decision that is only made a few times in a lifetime. So how is the average person supposed to know all the possibilities and options available when buying a home? You simply can’t because it’s not your job, and...

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Running to the End

Summer is coming to an end and while it may be sad, it has brought some pretty nice changes in the market. Ok, we’ll be the first to admit that the start of Summer brought some very unpleasant changes including a drastic spike in interest rates. But with Summer...

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Wow! Big Surprise From the Fed

The Federal Reserve announced Wednesday that they would continue their asset purchases at the rate of $85 billion per month. Ben Bernanke, chair of the Federal Reserve said that there is no calendar for when they will begin to pull back from their asset purchases, but...

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Big News in the Mortgage Industry Coming Soon.

Wednesday is quickly approaching, and it’s the day that we’ve been waiting for since late May. Ever since the word leaked that the Federal Reserve might begin reducing it’s monthly $85 billion bond market purchases, September 18 was considered to be the day that...

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The History Behind the VA Loan

Due to service, military personnel are often removed from what is considered traditional circumstances. Whether its being deployed overseas or stationed on a military base stateside, our military end up with limited opportunities to build tradition credit histories...

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Remember 9/11

If you listen to the news and politics, there is a lot of controversy and political agendas surrounding 9/11. Especially when you look at the 2001 and 2012 attacks together. We want to step back from all the rhetoric and agendas, and share our appreciation to all the...

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FHA Eases Up on Foreclosure and Bankruptcy Wait

Over the last five years or so, there were an increased number of short sales because of negative economic situations for millions of people. For many people, these foreclosures and short sales have ruined their credit and made it extremely difficult to get back into...

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ARMs, APRs, and MPRs

In the mortgage industry there are many acronyms, and they make it difficult and intimidating for Veterans to get loans.  So we’ve put a list of terms on our website that are commonly used in a VA loan transaction. But before we direct you there, we’d like to...

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The Three Reasons to Buy VA

There are several reasons you should use your VA benefit to buy a home. Veterans and military families all over the country are taking advantage of the huge savings that a VA loan brings, and we want to tell you why. In many cases, buying a home using a VA loan is...

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How income is verified on a VA loan.

You know you’re a reliable and honest person, but the lender knows other people aren’t always like you. As a result, lenders have several standards to help measure your ability to repay the money you borrow. It’s easy to see getting a mortgage from a one sided...

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Housing Market Week in Review 8.23.13

Interest rates for home loans have been going crazy, especially this last week. The main driver behind the interest rate spike is the looming pullback that no one seems to know when exactly will happen. This week’s big driving force was the release of minutes from the...

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To Rent or to Buy?

Ten years ago the market was setting the foundation to have a major housing crash. Looking back now, for a lot of people, it would have been better to rent. Unfortunately we didn’t know, and a lot of people learned the hard way, that what goes up, must come down....

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Here comes the BOOM…or did it already happen?

Getting a new home has been a little more difficult the last few months. More people are trying to buy in a market where less homes are available for sale. Another large factor in the ability to buy a home is interest rates. Interest rates have been increasing...

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New Newsletter

We just released this month’s newsletter! We know it’s later than usual, but it’s because we wanted to be able to include the announcement of our new website and video series.   We know that the mortgage industry can sometimes be a little daunting. That’s why...

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New Video Resource

You are very important to us. That’s why we’ve allocated so many of our resources to a new tool for you.   Each week, Kerry Greenwald, the owner of Creekside Mortgage, will be doing two videos with topics that are meant to help you. The first video is part of a...

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Brand New Website

We're thrilled to announce our brand new website, loaded with tools and resources to help you prepare to finance your current or new home! We'll have weekly videos that share insights and tips about the loan process. We'll also have a "Week in Review" video featuring...

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Starter Home Problems

We’ve talked about it before and you’ve noticed it - housing prices have gone up. In some of the most dramatic circumstances, places in Florida and Nevada saw a 20% increase in home values. Fortunately the rapid increase in home prices has leveled off. Most analysts...

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Who’s Buying Homes?

When it comes to buying homes, there are three groups to pay attention to. The largest group of purchasers is existing homeowners who are “moving-up”, “moving-down”, or “moving-over”. They bought 44.6 percent of homes in June, up from 43.8 percent in May. Then you...

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The Week In Review

  Interest Rate Performance This week has been a good week for interest rates. They have mostly stabilized, which is a good thing since the past two months have brought a fairly dramatic upward spike.     Interest Rate Future It appears that interest...

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Resource Guide for Military Families

Every year the Southwest Washington Region - American Red Cross produces a book of helpful resources for military families. One of our favorite parts of the book is the section that lists various discounts at stores and for services. They have compiled a list of 174...

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Negotiating

What comes to mind when you think of the word “negotiate”? There are lots possible reactions to this word. Many people get nervous, other people feel a sense of pride in their ability to crush the competition. Negotiating is really about two things. The first is to...

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Monkeys Throwing Darts

The market has been going crazy lately. Just yesterday the stock market closed at a record high. But if you look at a graph of how it has been closing over the past year, it looks like a mountain range. Mortgage interest rates are just as volatile; it’s been...

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FHA vs VA – Who Wins?

FHA is a really good program, especially for first time home buyers. The program is designed to help people transition from being a renter to being a homeowner by requiring as little as 3.5 percent down and by allowing most of your closing costs and fees to be wrapped...

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Slow To Adjust

We've noticed the sudden increase in home prices lately, and it seems like everyone else has too. So why does it seem like appraisers are missing the boat? Lately, there has been an unusual spike in the number of appraisals that have come in low, and we understand...

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When did you last refinance your loan?

For over a year mortgage rates were dropping, and they hit what many experts are calling “the bottom”. We worked hard to spread the word to US Veterans then, that it was an ideal time to refinance. We helped hundreds of Veterans improve their interest rates and...

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Floating

You know how the stock market is always going up and down? Sometimes mortgage rates can change just as unexpectedly. Because of that, deciding when to lock in a rate or whether to keep “floating” is a scary thing. Once you've been pre-approved, your rate is floating....

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Have you heard about MPRs? (Continued)

Yesterday we talked about MPRs or minimum property requirements. We told you about dry rot and wood destroying insects. Today we have two more MPRs that you should look out for. Home Accessibility Improper access to the home is a big problem that’s easy to spot early...

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Have you heard about MPRs?

When you’re dealing with a VA home loan, the VA has what it calls Minimum Property Requirements (MPRs). These are minimum standards a home must meet before the VA will guarantee a loan. Occasionally MPRs can cause a delay in the loan process, frustrating some buyers...

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Pennies Short

You know that feeling you had as a kid when you went to buy a candy bar? You had exactly .25 cents, so you had to choose carefully. The king size bars were .50 cents - that was too much. You could buy two packages of gum for .10 cents each, but then you would have .05...

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Maintaining the perfect credit balance.

There is a magic word in credit called “utilization”. Utilization is simply the amount of credit you are using compared to the credit limits you have. So if you have a credit card with a limit of $2500 and you’re using $1250, then your utilization is 50 percent, and...

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Happy Independence Day

Today is Independence Day and we’re excited for all the fun things that are going on. We know that you have a lot of fun things planned, and we hope that you can celebrate safely. We've made a few special posts on Facebook that we’d like you to take a look at. One in...

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Patriotic quotes for Independence Day

With Independence Day around the corner, we thought we would share some of our favorite quotes about our nation. Liberty is always dangerous, but it is the safest thing we have.  ~Harry Emerson Fosdick You have to love a nation that celebrates its independence every...

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Keeping busy and staying on top.

We’re excited for the new month! With summer now in full swing, we know it can be easy to get distracted with all the summer camps, vacations, and events. To help you stay on top of things, we've prepared a quick newsletter for July. We encourage you to take a quick...

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Have you seen the ads?

Have you seen the ads boasting ridiculously low interest rates? We have, and we think you should be cautious. There is a term in advertising called "bait and switch", and it’s illegal. In just the past month rates have gone up by about 1 percent, but you’ll still see...

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