to Prestige Home Mortgage. Please take your time and look through this website www.prestigefamily.com. This website is updated regularly so please remember to pop by now and again so you can see what's new!
Please allow me to introduce myself...
I am Michael S Torres, General Manger of Prestige Home Mortgage, Bend OR, Branch No: 35. My specialties are home loan financing and credit repair consultation. I help homeowners and homebuyers bridge the gap between what they need and what they want to accomplish with their home loan and I help real estate agents close more transactions by providing sound pre-approvals for their clients, constant communication, and excellent service. I’m looking for homebuyers, homeowners and real estate agents who expect excellent service and a mortgage professional that will deliver on their promises.
Highly experienced in Conventional, Residential, Commercial, New Construction, and Land Aquisition financing. Specialized in FHA, VA, USDA Rural Housing, First Time Home Buyer (FTHB), Credit Repair, and "Fair Isaacs" Credit Simulation programs. With all the various lenders, rates and loan programs out there, you could easily get lost trying to figure out the best option for you and your family. Let an experiences agent do the work so you
don't have to! I implement mortgage planning for my clients. Whatever your financing needs, we have the loan that's right for you.
Purchase
Refinance
First Time Homebuyers
Conventional & Jumbo Programs
FHA, VA Loans
USDA Rural Loans
2nd Home / Investment property
Home Equity Line of Credit (HELOC)
Lot / Land Loans
Construction Loans
Commercial Property Loans
SBA 504 & SBA 7a Loans
Also specializing inLOAN MODIFICATIONS
Please Callif you are looking for Loan Modification information (541) 598-8888... HELP IS FREE!
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FHA STREAMLINE REFINANCE: (FHA to FHA)
You must currently have an FHA loan to do a streamline refinance. It's a simple loan that is very quick and easy to qualify for. Please see the qualifications/ benefits below. If you currently have an FHA loan and are upside down on your mortgage - I can help you!
* NO Employment Verification needed * NO income or asset verification needed * NO credit report pulled - Credit not needed * NO Appraisal Required - LTV is not an issue! * Up to 3 Mortgage Lates in the last 12 months * Lender usually covers all the fees * Quick loan process, usually less than 2 weeks * VA loans may also be eligible for a streamline refi * Call me for more details at 541-598-8888
ARE YOU CURRENTLY...
FACING FORECLOSURE? UPSIDE DOWN ON YOUR HOME? STRUGGLING TO PAY YOUR MORTGAGE?
Call Now - We can help You!
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My CLIENT TESTIMONIALS:
Our experience with Prestige Home Mortgage was great! The loan was approved and processed a lot faster than we expected. Michael was careful to explain the procedures and answer all the questions we had about refinancing our home. It was very convenient and I already recommend him to a few co-workers.
T. Sasseen - Vancouver, WA
We found that Prestige Home Mortgage were very friendly and gave us prompt efficient service. Everything was upfront with no surprises. Michael was a pleasure to deal with; we will gladly recommend this mortgage company to anyone seeking a mortgage.
S. Hill - Eugene, OR
We were in a hurry and needed someone knowledgeable. Thanks to Prestige Home Mortgage our family is home; warm, safe, happy and secure. The lease property we lived in was being foreclosed on and our lease up. We were working with a broker who dropped the ball after 5 weeks, nearly costing us the roof over our heads. Credit and down payment challenged with only 20 days to be moved out, we called Michael. He introduced us to Karen from Hasson Company Realty, Karen really jumped on the ball. Within an hour we were looking at new listing within our buget. Michael and his team really went above and beyond to help us find and close on our purchase in 17 days. We can't thank you enough for working so dilligently under extreme pressure. You are true life savers! By the way... we love our fully upgraded "Model Home".
S. and C. Labotts - Redmond, OR
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My active professional affiliations:
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I am PROUD to support the Intrepid Fallen Heroes Fund! The Intrepid Fallen Heroes Fund, a national leader insupporting the men and women of the United States Armed Forces and their families, is launching an important new effort to serve our military community. The Fund will design and build the National Intrepid Center of Excellence (NICoE), an advanced facility dedicated to research, diagnosis and treatment of military personnel and veterans suffering from traumatic brain injury (TBI) and psychological health issues.
One stop shopping for all your scented candle, scented oils, and candle manufacturing needs. Whether you're are manufacturing your own, buying retail or wholesale, nobody beats the quality and cost of The Candle Source, nobody. The Candle Source offers 168 different scents to date, additional scents, coming soon! Looking for reed diffuser oils, inquire!
PROUD SPONSOR OF SCHOOLS and ORGANIZATIONS FUNDRAISERS NATION WIDE
The Candle Source is one of the only fundraising sponsors known to allow schools and organization across America, to generate 50% income from fundraising sales. The Candle Source offers truly unbeatable products. Contact MICHAEL TORRES @ 541-598-8888 for more information.
CCS is Central Oregon's premier residential and commercial cleaning source. Honesty and integrity you can trust. Cascade Cleaning Source simply out-shines the competition, hands down!
For rates and more information, please feel free to contact:
PMS has been helping Central Oregonians with their perplexing home, yard, auto, computer needs for years. When you need a handyman, general maintenance, jack of all trades, you name it! The # 1 source for your cure is PMS.
$20.00 per/hr base charge and $30.00 per/hr for added complexity.
For more information, please feel free to contact:
Don't forget we are here for all your Mortgage Financing, Credit Pre-qualification and repair needs as well. An officer is standing by to assist you 24 hours a day.
The Prestige Family of Services is here to serve you, give us a try, you will not be disappointed.
The previously discussed auction concession must have been sufficient because the long bond auction went very well. Overall, auction demand was well above average---2.89 bids were submitted for every one accepted by the Treasury. 82% of the auction was taken down at the high yield ...Read More
A portmanteau means a blend of two or more words and their meanings into one new word. An example is the word brunch meaning breakfast +lunch. Another is smog meaning a combination of smoke and fog. Some would consider a portmanteau a type of word morphing and we agree. Mortgag...Read More
The main theme in the rates market this morning has been a set up for the last Treasury auction of the week :$13 billion 30s. Results to be released at 1pm. The auction supply concession is obvious when looking at both price action outright as well as the long bond's performanc...Read More
Who says numbers aren't fun? A top muni bond analyst at Wells Fargo sent THIS to me. Numbers are fun! Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 year old daug...Read More
Good Morning. A nationwide strike has essentially shut down Greece. From the AP : "Thursday's strike — the second in a week — brought the country to a virtual standstill, grounding all flights and bringing public transport to a halt. State hospitals were left w...Read More
Speculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial production and retail sales, Chinese CPI climbed 2.7% in February, indicating that the central bank may have to take a more serious approach to slow down...Read More
This is always the question right? I mean, after all, we already know what is available on our rate sheets at the moment, but the most valuable question always asks for tomorrow's MBS prices today. Forgetting for a moment that you'll usually LOSE more money thinking that wa...Read More
Much like Monday, yesterday was a data-less day in the marketplace, leaving me at a loss for words and new guidance. Mortgage-backed securities prices did managed to move higher following a very strong 3 year Treasury debt auction, unfortunately MBS price appreciations were not str...Read More
Heading into the 5pm "what a slow day in the mortgage market" marking period... The FN 4.0 is -0-03 at 98-01 yielding 4.189% and the FN 4.5 is flat on the day at 101 the rock yielding 4.39%. The secondary market current coupon is 4.33%. The CC yield is 61bps over the 10yr...Read More
American consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO's® Score Trends Service, this is a phenomenon that is historically unique. FICO said the mortgage default risk for consumers with high FICO sc...Read More
CHICAGO , March 9 /PRNewswire-USNewswire/ -- Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage "short sales" of homes. The coalition was led by the Appraisal Institute, the n...Read More
Validity Period All appraisals utilized to establish the listing price on an REO property owned by the Department of Housing and Urban Development, with an effective date on or after April 1, 2010, will be valid for a period of 120 days from the effective date of the appraisal. If the buyer is financing the purchase with a Federal Housing Administr...Read More
The Census Bureau reports : [T]otal January exports of $142.7 billion and imports of $180.0 billion resulted in a goods and services deficit of $37.3 billion, down from $39.9 billion in December, revised. Click on graph for larger image. The first graph shows the monthly U.S. exports and imports in dollars through January 2010. Both imports and exp...Read More
The DOL reports on weekly unemployment insurance claims : In the week ending March 6, the advance figure for seasonally adjusted initial claims was 462,000, a decrease of 6,000 from the previous week's revised figure of 468,000. The 4-week moving average was 475,500, an increase of 5,000 from the previous week's revised average of 470,500. ...Read More
Today Senate Banking Committee Chairman Chris Dodd (D., Conn.) issued the following statement on financial reform: “On Monday, I will present to my colleagues a substitute to the original financial reform package, unveiled last November.” “Over the last few months, Banking Committee members have worked together to try and produce a consensus packag...Read More
Responding to critics, officials of the Federal Housing Administration are set to warn in Congressional testimony Thursday that a double-dip decline in housing prices may result from even a slight increase in minimum down payments on FHA-backed loans. An increase in down payments to 5%, from the current minimum 3.5%, would limit new FHA-backed loan...Read More
Jeff Swensen for The Wall Street Journal
Angela Iannelli and her 11-year-old Blue Macaw, Luke, missing. “It isn’t about the parrot,” a lawyer for Angela Iannelli told me. The issue, insisted the lawyer, Michael Rosenzweig of Edgar Snyder & Associates in Pittsburgh, was the distress inflicted on Ms. Iannelli by Bank of America Corp.’s bungling. ...Read More
In recent weeks, policy makers from President Barack Obama to Federal Reserve Chairman Ben Bernanke have been taking extraordinary measures to remove what they see as a serious impediment to the recovery: A dearth of credit for the small businesses that many economists say must play a leading role in creating new jobs. David Altig , head of researc...Read More
China’s stocks fell to a one-week low, led by automakers and developers, after inflation accelerated and new loans exceeded forecasts, boosting the prospect for higher interest rates....(read more)
Mohamed A. El-Erian, whose company runs the world’s biggest mutual fund, said deteriorating public finances may affect the global economy more than is currently realized....(read more)
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan issued a statement today following the United States Senate's adoption of an amendment extending the Gulf Coast Opportunity Zone (GO Zone) Low Income Housing Tax Credit (LIHTC) placed in service date by two years, to December 31, 2012. Donovan and Treasury Secretary Timo...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development today announced that it is charging two Poughkeepsie, New York-area landlords with violating the Fair Housing Act for allegedly refusing to allow a Vietnam-era veteran suffering from Post-Traumatic Stress Disorder to have a therapeutic service dog in his apartment. In addition, HUD's...Read More
WASHINGTON - The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of PreventLoanScams.org...Read More
WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan and Nevada Senator Harry Reid today announced up to $1.3 million in emergency technical assistance to help reverse the effects of foreclosure and abandonment in certain neighborhoods in the City of Las Vegas and Clark County. The unprecedented aid announced today is funded thro...Read More
WASHINGTON - Ted Tozer was sworn in today as the President of the Government National Mortgage Association (Ginnie Mae). Tozer will be responsible for ensuring Ginnie Mae safely guarantees the principal and interest payments on mortgage-backed securities (MBS) backed by loans insured or guaranteed by the FHA, VA, HUD's Office of Public and Indian H...Read More
HUD Deputy Secretary Ron Sims discusses the development of sustainable communities at the Colorado Housing Now conference in Breckenridge, Colorado. ...Read More
DENVER - U.S. Housing and Urban Development Secretary Shaun Donovan today announced two communities in Colorado will receive $1,160,881 to support community development and produce more affordable housing. The two recipients are Douglas County and Grand Junction. Douglas County will receive $816,463, and Grand Junction's funding totals $344,418 f...Read More
17 grantees in Colorado to use $10.1 million in federal grants to help stabilize and revive local neighborhoods, rehabilitate affordable housing, and improve key public facilities...Read More
Take a look at HUD's role in implementing President Obama's plan to stimulate the
American economy by investing in job creation, neighborhood stabilization and energy efficiency through the
American Recovery and Reinvestment Act. Learn more and attend a live webinar....Read More
A top priority of HUD's Office of Fair Housing and Equal Opportunity is creating equal
housing opportunities for every resident of this nation. One of the primary ways HUD accomplishes this is
by aggressively enforcing the Fair Housing Act, which prohibits discrimination based on race, color, national
origin, religion, sex, familial...Read More
DENVER - The U.S. Department of Housing and Urban Development today awarded $432,740 to the four
housing authorities (HAs) in Colorado. Denver, Boulder, Fort Collins and Loveland housing authority's staff
will counsel housing residents to help them find jobs that lead them toward economic independence. The funding
was part of nearly $1...Read More
On March 8, 2010 HUD issued Notice PIH 2010-6 (HA). This notice explains PIC changes from the May 2008, October 2008, and September 2009 PIC releases that affect unit status reporting. In addition, PHAs are reminded that HUD approval is needed for the following categories of approved vacancies: Vacant Undergoing Modernization, Special Use Units,...Read More
HUD has posted an explanation and schedule for 2010 administrative fees for the Housing Choice Voucher program. Please note that this year the administrative fee for PHA-owned units is the same as all other units...Read More
Information Collection On March 2, 2010, HUD published a notice in the Federal Register regarding a proposed new information collection requirement for the Public Housing ACC. The comment due date is May 3, 2010...Read More
During Transition Year 2, which includes PHAs with FYE 6/30/09, 9/30/09, 12/31/09, and, 3/31/10. PHAs will receive a PHAS score. Small PHAs will be assess every other year per 24 CFR 902.9. HUD has posted a Mass certification schedule for small PHAs. The due date for MASS certifications during Transition Year 2 for 6/30/09, 9/30/09 and 12/31/09 P...Read More
On February 16, 2010 HUD issued Notice PIH 2010-5 (HA), Implementation of the Federal Fiscal Year 2010 Funding Provisions for the Housing Choice Voucher Program. This notice explains how the $18,184,200,000 appropriated by Congress for the 2010 HCV program will be allocated for HAP renewal, administrative fees and other items. Please note that th...Read More
HUD has posted guidance on its web page to assist PHAs in completing SF-424, Application for Federal Assistance, for a PHA’s 2010 operating fund program. Please note: - In SAGIS, the SF-424 form is a required attachment and must be uploaded for each project submission. However, the PHA needs to complete only one SF-424 for the PHA and then attach...Read More
On January 27, 2010 HUD published a notice in the Federal Register providing additional clarification regarding the Refinement of Income/EIV rule that was published on December 29, 2009...Read More
On January 26, 2010 HUD published a notice in the Federal Register regarding its intent to implement a new information collection requirement regarding families who no longer participate in a HUD rental assistance program due to adverse termination of tenancy and/or assistance, and owe a debt to a PHA. Comments are due February 25, 2010...Read More
"What's Working for Bed Bug Control in Multi-Family Housing Report: Reconciling best practices with research and the realities of implementation". Due to an overwhelming response to the webinar, the conference call line had technical difficulties. Two more webinars are scheduled for next Thursday, March 4, 2010. Choose between (1)...Read More
Bedbug Control Webinar February 25, 2010, 1-2pm EST, discussing Report from the National Center for Healthy Housing "What's Working for Bed Bug Control in Multi-Family Housing: Reconciling best practices with research and the realities of implementation" Audio at 800-504-8071, Code 3920662#...Read More
Annual adjustment factors posted. HUD develops the rent adjustment factors - known as Annual Adjustment Factors, or AAFs - based on changes in residential rent and utility costs derived from Consumer Price Index survey data. The Contract Rent AAFs for 2010 were published in the Federal Register on February 10, 2010 and are available electronically ...Read More
Owners and Management Agents must understand that obtaining EIV access (especially for participants with no previous experience using HUD's Secure Systems) is a multi-step process that can be lengthy and can potentially impact your ability to achieve EIV compliance by the stated deadline...Read More
Inspector Notice No: 2009-03 Inspecting Elevator Equipment Rooms, established specific requirements that HUD assisted and insured properties with elevators must meet so that Uniform Physical Inspection Condition Standards (UPCS) inspections will be conducted as and when scheduled. These requirements become effective on January 4, 2010...Read More
New Due Dates and Technical Corrections to the Section 202 and Section 811 NOFAs. The Section 202 and Section 811 deadline dates for FY2009 have been extended. Applications for Section 202 are due on December 14th. Section 811 applications are now due on December 17th. Technical corrections to the NOFAs and related...Read More
The Refinement of Income and Rent Determination Requirements in Public and Assisted Housing Programs: Implementation of the Enterprise Income Verification System – Amendments; Final Rule, was published in the Federal Register, December 29, 2009. The final rule will become effective January 31, 2010...Read More
The EIV webcast has been taped and will be posted to HUD's webcasts page. A live Question and Answer session will be held on February 25, 2010 from 11:00 EST to 1:00 EST...Read More
The Operating Cost Adjustment Factors (OCAF) for 2010 were published in the November 12, 2009 Federal Register. The factors are effective February 11, 2010...Read More
The appropriate changes and/or revisions to Chapter 6, Conducting Management Reviews, have not completed the required clearance process. To give sufficient time for the publication and to review the changes and/or revisions, implementation is extended until March 1, 2010...Read More
With consumer prices down over the past year, monthly Social Security and Supplemental Security Income benefits for more than 57 million Americans will not automatically increase in 2010. This will be the first year without an automatic Cost-of-Living Adjustment (COLA) since they went into effect in 1975. For additional information about the 2010 ...Read More
Notice H08-07, Implementation of the Violence Against Women and Justice Department Reauthorization Act of 2005 for the Multifamily Project-Based Section 8 Housing Assistance Payments Program, has been reissued as Notice H09-15. The Act does not just protect women. For a copy of the Notice go to http://www.hud.gov/offices/adm/hudclips/index.cfm
...Read More
Prestige Home Mortgage 2848 NE Rainier Drive Bend, OR 97701
