Is an Accessory Dwelling Unit (ADU) Right for You?

Accessory Dwelling Units (ADUs) are also known as: Ohana Unit (Hawaii) Granny Flat Mother-in-Law Unit In-Law Suite Grand Retreat Homeowners Build ADUs for Many Reasons: Long-term rental: supplemental rental income Short-term rental: Airbnb and VRBO short-term rentals can generate much higher rent than monthly rentals, but require more time to manage Age in Place: [...]

2017-06-15T21:27:26+00:00

In Portland, It Now Costs As Much to Rent As to Buy!

According to Rent Jungle, the average rent for a two-bedroom apartment in Portland is $1821 per month. The monthly mortgage payment on a $300k home purchased with five percent down falls within the same monthly payment range. By the time you factor in the tax savings associated with the mortgage interest deduction, the net [...]

2017-06-07T18:41:58+00:00

Factors That Impact Your Mortgage More Than Interest Rates

Most home buyers have been trained by the media to be highly focused on interest rate. As you will see below, changes in interest rate have less impact than purchase price and property taxes. Property taxes and purchase price have the largest impact on monthly payment, interest rate typically comes third, and homeowner’s insurance [...]

2017-02-22T06:56:49+00:00

“Refinancing your home in NE Portland”

There are many reasons that a homeowner will consider refinancing their home, some of the most common reasons are lowering monthly payments, cashing out on equity, or paying your loan off faster. In this article we will discuss few of the reasons these options might be good for your home in NE Portland. Lower Monthly [...]

2017-02-22T05:44:27+00:00

Meet The NE Portland Loan Officers

At Peak Mortgage we pride ourselves on “lending where we live”, our front line proof of that statement is our team of professionals at the branch level. Many of our team members live in the community to the branch they work in. This is one area that we are able to exemplify the statement “we [...]

2017-02-22T05:49:16+00:00