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SIR’s Banner Year, Fastest Changing City, Down Payment Options & More
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Sotheby’s International Realty Celebrates Banner Year
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2016 was a banner year for Sotheby’s International Realty Affiliates LLC, reaching $95 billion in global sales volume – the highest annual sales volume in brand history; that number was due, in large part, to another brand record – over 127,000 transactions. With 880 offices in approximately 70 countries, Sotheby’s International Realty is an international powerhouse. From Austria to Hong Kong and Montenegro to Thailand, the company’s expansion has traversed the globe. With the introduction of VR capable tours and a partnership with the likes of Apple TV and Juwai.com, Sotheby’s International Realty has taken innovative technology and exposure to a whole new level. In fact, sothebysrealty.com recorded almost 22 million visits, the most in its history (up 54% from 2015). To read more, click here.
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Bend Named Nation’s Fastest-Changing City
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Winston Churchill once said, “To improve is to change; to be perfect is to change often." If this statement holds true, Bend is closer to perfection than any city in the country. Data compiled by LendingTree.com, measuring rent prices, home values, foreclosure rates, new business and diversity in population, named Bend the nation's fastest-changing city in 2016 – on par with the rest of the West Coast, whose cities, including Seattle and Portland, were the first seven on the list. Bend was not only listed as No. 1 change, but in rent increases, with numbers climbing 54 percent between 2011 and 2016. Second to Bend? Prineville, with a nearly 46 percent rent increase. The study went on to state, “Bend has seen one of the most dramatic shifts in its quality of living. From new small businesses to transportation projects focused on walkers and bike riders, Bend has seen an increase in its amenities as well as housing market growth.” To read more, click here. |
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| Downsize Your Down Payment |
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RATHER THAN DOWNSIZING THE DREAM, LET’S DOWNSIZE THE DOWN PAYMENT
PURCHASE OPTIONS FEATURING LESS THAN 20% DOWN
Typically, putting 20% down on a new home eliminates the need for mortgage insurance. But what if you have other plans for your money and don’t want to put the standard 20% down? That’s not a problem at EverBank. We offer several low down payment options where buyers can keep their out of pocket in their back pockets—all while keeping their overall financial strategies on track.
EverBank Preferred PortfolioSM Mortgage
• Down Payment: As little as 10.1%
• Amount of home financed: Up to 89.9%
• Mortgage Insurance: None, though the rate will be higher
• Other benefits: Financing from $250,000 up to $1M with as little as 10.1% down; available nationwide; manage one loan
First Mortgage and Simultaneous Preferred Equity Line1
• Down Payment: 10.1%
• Amount of home financed: 89.9%, split between equity line and a primary mortgage
• None on the first mortgage
• Other benefits: Pay the line down at any time, reducing the total monthly payment; may be tax deductible2; cash source for other projects during the line’s draw period
1. Our equity lines of credit are only available in certain states. For full credit line details and a list of states where available, please go to everbank.com/lending/low-down-payment. Second lien home equity lines of credit must be obtained through EverBank at the same time as a closed end first mortgage (the “primary mortgage”), and are not available with all closed end first lien products or with first lien HELOCs. Remember, a home equity line of credit, like any mortgage, will be secured by your house. If you cannot repay the loan, you may lose your home.
2. You should consult a tax advisor regarding the deductibility of interest and charges.
Subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states and for all loan amounts. Other restrictions and limitations may apply. The actual terms of your loan will depend upon the specific characteristics of your loan transaction, your credit history, and your other financial circumstances.
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| Inspiration Gallery |
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| Design inspirations for every part of the home. Learn More |
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| March Events |
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| Calendar of Events for area happenings this month. |
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To request a copy of our Recent Market Report or the latest edition of our local magazine, Cascade Living click here.
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