AUGUST HIGHLIGHTS

A TINY OREGON TOWN IS PREPPING TO BE GROUND ZERO FOR ECLIPSE TOURISM
Madras, Ore., has a high elevation and wide open spaces with no light pollution, so it's excellent for eclipse tourism. But it has a population of just 6,000; where is everyone else going to sleep?
NEW FUTURE SEEN FOR HISTORIC DOWNTOWN REDMOND HOTEL
The Redmond Urban Renewal Agency approved recommended funding Tuesday night for rehabilitation and reopening of the Historic New Redmond Hotel in downtown Redmond.
SOTHEBY'S INTERNATIONAL REALTY BRAND REACHES 30 MILLION VIDEO VIEWS ON YOUTUBE CHANNEL
We’re excited to report that the Sotheby’s International Realty YouTube channel has reached the milestone of over 30 Million video views and is the most viewed and subscribed-to real estate channel on all of YouTube.

PUT AS LITTLE AS 3% DOWN

Coming up with the funds for the down payment can certainly cause some to walk away from their dream of owning a home. But with a HomeReady® mortgage, you may now be able to turn dreams into reality.1 Specifically designed to make homeownership more affordable, the HomeReady mortgage features low down payments so that more money stays in your pocket—right where it belongs.
 
MAKING HOMEOWNERSHIP A REALITY From your down payment to your monthly mortgage payments, a HomeReady mortgage is designed to minimize your out of pocket expenses.
 
QUALIFYING IS EASIER Lenders will look at your income as part of the qualification process. Qualifying with HomeReady is easier because lenders can include income from:
·         Household members not on the loan
·         Renters and boarders
·         Co-borrowers not living in the home
 
HOMEREADY® MORTGAGE Down payment and closing costs Down payment as little as 3%. Plus, 100% of down payment and closing costs can come from gifts and grants.2 Monthly payments Commitment to keeping payments low with reduced mortgage insurance (MI) coverage requirements.*

1. Certain income, geographic, and other requirements apply (such as borrower completion of online homeownership education and housing counseling course). Please contact us for more details regarding terms and conditions.
 
2. On 1-unit properties only. 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 circumstance.
 
* MI is typically necessary on any loan where the down payment is less than 20%. It is included as part of the monthly payment.
upcoming EVENTS
BEND BREWFEST
When:
August 10th-12th, 2017

Where: 
Les Schwab Amphitheater
The 12th Annual Bend Brewfest quenches Bend's thirst for fine craft brews with over 170 beers and ciders from 60 breweries and 10 cideries.  
ART IN THE HIGH DESERT
When:
August 25th, 26th, and 27th
Where:
Bend's Old Mill District
Art in the High Desert brings over 115 nationally acclaimed, hand-picked, visual artists to on the banks of the Deschutes River.
CLEAR SUMMER NIGHTS, FEATURING THE JOHN BUTLER TRIO
When:
Sunday, September 10th, 2017

Where: 
Athletic Club of Bend
Come see this award-winning musician, performing as part of the longest-running concert series in Bend.   
Read the latest edition of Cascade Living Magazine, with 35,000 copies distributed to more than 700 locations throughout Oregon and Southwest Washington, including:
  • High-end retailers
  • Airports
  • Boutique hotels
  • Local businesses
  • Destination resorts



Carol Osgood & Korren Bower
Broker
Cascade Sothebys's International Realty
650 SW Bond Street Suite 100
Bend, OR 97702
541-419-0843
541-504-3839