Your REALTOR:
Blue Pacific Realty
January 2021
Real
The main objective for the Realtors at Blue Pacific Realty
is to provide personalized, expert service
in a friendly, responsive manner.


Alternative Mortgage Lenders are Changing the Marketplace
Alternative mortgage lenders include online lenders and non-bank lenders. They’re shifting the real estate marketplace and making it much simpler and easier for consumers to get a mortgage. So what should you know?
      There are three main categories that alternative mortgage lenders tend to fall into.
      There are online mortgage lenders, which work to add transparency and efficiency to the home loan process. They simplify and shorten the timeline.
      There are marketplaces that help borrowers as they’re comparing rates and shopping around for mortgages.
      Then, there are non-bank
Mortgage Rates
U.S. averages as of January 2021:


30 yr. fixed: 2.66%
15 yr. fixed: 2.19%
5/1 yr. adj: 2.79%






lenders that tend to market their services to borrowers with less-than-perfect credit.
      Alternative Online Lenders Mortgage originators that serve as
Wondering What Your Home Is Worth?

Free Market Analysis




Get The Home You Want, Millennials: Smart Strategies For First-Time Homebuyers
     Hey, Millennials. Come on into the real estate market! We really need you to buy some homes so we can keep chugging along. Oh, wait. Prices are rising and so are interest rates, plus inventory is scary low. Hmmm. Well, come on in anyway, wontcha?
      It's not easy to buy a home in a hot market where inventory remains at historic lows - and that covers a lot of areas across the country at a wide range of different price points. But it's especially hard right now for Millennials, who aren't exactly getting a warm welcome from the market that has been begging them to participate.
      "I think it's fair to say this is the most competitive housing market we've seen in recorded history," Danielle Hale, chief economist for



Doing the Refinance Math
     Wondering whether or not to refinance an existing mortgage typically means running some numbers. You can do this on your own but it’s probably better to talk to a loan officer and get some assistance. It really all boils down to how much you’ll save each month compared to what you’re paying now. But there are other considerations.
      First, pay less attention to the change in rate. Old school myths say that it’s a good idea to refinance if current market rates are 1% or 2% lower than what you currently have. But the rate is only a part of it. The other component is the amount being financed. For larger loan amounts, maybe a reduction of only 0.5% makes sense. 
      For smaller loan amounts, 2% may not be enough. Instead, calculate the monthly savings and then divide that amount into the closing costs associated with the mortgage. The result is how many months it will take to ‘recover’ the closing costs in

Building Green


Blue Pacific Realty has added a "Building Green" page. This is an informative, easy to operate page to help connect you with professionals interested in creating more environmentally sensitive structures.



Blue Pacific Realty's
Video News Channel

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Brookings, Oregon Website (www.BrookingsHarborOregon.com)
Blue Pacific Realty has created a website to provide the public with highlights of our community and the surrounding area. Take a trip along the coast from Crescent City, California, through the Broookings, Oregon area, on to Pistol River and Gold Beach at http://www.BrookingsHarborOregon.com. Blue Pacific Realty's community site features specific local destinations with information and slide shows for your enjoyment. There's also a calendar of events section and general information about our community. If you live in the Brookings-Harbor area, send this site to your friends. If you haven't had the opportunity to visit our community yet, this site will give you a good overview of "Why we love living in Brookings, Oregon". Please Enjoy. CHECK IT OUT - Blue Pacific Realty has added a "Building Green" page on their website www.blupac.com. An informative, easy to operate page to help connect you with those professionals interested in creating more environmentally sensitive structures.

  Daily News and Advice

Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
More Articles
December Real Estate Roundup
What to Expect from a Home Inspection
Top Reasons a House Isn’t Selling
What to Know Before You Buy Land
Why the Second Investment Property is So Much Easier to Finance


Blue Pacific Realty
E-mail: info@blupac.com
Website: http://www.blupac.com
Phone: 541-412-8424
Fax: 541-412-0334
Blue Pacific Realty
Toll Free: 888-412-8424
16289 Hwy. 101 S, Suite A
Brookings, OR 97415


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