Category: News

CEO Bill Dallas’ Take on Repaying Your Mortgage Early

mortgageNot only is our very own Bill Dallas an entrepreneur, a CEO, and a writer, he’s also a thought leader in the mortgage industry. It’s no wonder that he’s so well respected, having more than 30 years of experience and having founded numerous successful companies.

For years, Bill Dallas has been the “go to” guy for high-level mortgage industry advice and even market predictions.

Most recently, Dallas was asked to weigh in on a commonly discussed topic for consumers: should you pay off your mortgage early?

Dallas puts his years of experience to good use, as he helps homeowners better understand the mortgage process.

Check out his insightful thoughts on early repayment in an article on

Click here to read the full article.

CEO and Thought Leader Bill Dallas’ Thoughts on Brexit

brexitOur very own CEO, Bill Dallas, has a pretty impressive resume having founded more than half a dozen successful companies. In fact, he founded his first company just a few years out of college!

Bill has been considered a mortgage thought leader for years, and now, not only is he a titan of the industry, he is also an accomplished author with a monthly article on the financial website The Street.

This month, Bill’s article deals with the impact of one of the biggest events to affect the world economy – Great Britain’s vote to leave the EU.

Check out Bill’s thoughts on the Brexit’s long term impact on the mortgage industry.

10 Cities Booming with Millennials

National Mortgage News recently reported on a study conducted by the National Association of Realtors (NAR). In it, data reveals that millennials are snatching up properties in metro areas with strong employment and relatively low income needed to purchase a home.

“Prospective millennial homebuyers residing in some of the most expensive cities in the country face the onerous task of paying steep rents while trying to save for an adequate down payment. However, for those currently living in or looking to move to a more affordable part of the country, there are metro areas right now with solid job growth and that offer a smoother path to homeownership,” said Lawrence Yun, chief economist at the National Association of Realtors.

The following is the list of the top 10 metro areas the NAR cited for their above-average share of current millennial residents.

#10 Portland, Ore.

Millennial Share of Population: 15%
Millennial Median Income: $44,792
Millennial Homeownership Rate: 17.1%

#9 Austin, Texas

Millennial Share of Population: 17.7%
Millennial Median Income: $51,810
Millennial Homeownership Rate: 19.4%

#8 Seattle, Wash.

Millennial Share of Population: 16.2%
Millennial Median Income: $64,294
Millennial Homeownership Rate: 19.8%

#7 Washington, D.C.

Millennial Share of Population: 15.7%
Millennial Median Income: $69,874
Millennial Homeownership Rate: 20.8%

#6 Denver, Colo.

Millennial Share of Population: 16.1%
Millennial Median Income: $50,923
Millennial Homeownership Rate: 21.6%

#5 Charleston, S.C.

Millennial Share of Population: 15.8%
Millennial Median Income: $47,903
Millennial Homeownership Rate: 21.7%

#4 Salt Lake City, Utah

Millennial Share of Population: 16.6%
Millennial Median Income: $51,930
Millennial Homeownership Rate: 24%

#3 Raleigh, N.C.

Millennial Share of Population: 14.1%
Millennial Median Income: $49,892
Millennial Homeownership Rate: 28.4%

#2 Minneapolis, Minn.

Millennial Share of Population: 15%
Millennial Median Income: $55,066
Millennial Homeownership Rate: 28.7%

#1 Ogden, Utah

Millennial Share of Population: 14.7%
Millennial Median Income: $54,608
Millennial Homeownership Rate: 40.2%

Source: National Mortgage News

How the Brexit Can Save You Money on Your Home Loan

Brexit may be bigger than we anticipated!

Great Britain surprised the world by voting to leave the European Union, but the effects of the decision can be felt around the world and in all sorts of different industries.

For home buyers or refinancers in the United States, the Brexit is actually good news because it could actually lead to even lower interest rates!

Interest rates has actually dropped since the Brexit and are approaching historic lows, and that can only mean one thing for home buyers and home owners – an opportunity to save money.

Lower interest rates mean smaller mortgage payments. Even a small change in interest, like a quarter of a percentage point, can add up to thousands of dollars over the term of a mortgage.

Global economic uncertainty means that interest rates are staying low or could even go down, at least for the time being.

So if you’ve been wondering if now is a good time to buy or refinance, you might want to take advantage of these incredible rates while they’re low.

Ready to take a leap? Give me a call or shoot me an email!

Source: U.S. News, June 24, 2016

Why the Brexit Means Low Interest Rates for You

Yesterday, British voters voted to leave the European Union in search of more economic independence. Although Great Britain is across the pond, this decision has an effect on the US mortgage market.

As of today, the Brexit is actually keeping interest rates low. In fact, according to the Washington Post, the Federal Reserve feared that Great Britain would leave the EU and kept rates low in response.

Right now, rates are significantly lower than they were at this time last year. Because rates are so low, it could be a great time to take the leap and purchase a home or refinance.
Even a quarter of a percentage point can save you thousands of dollars on your mortgage.

But time is of the essence. Interest rates can’t be predicted, and they can increase at any moment. A small rate increase could amount a lot of money. So the time to lock in that low interest rate is now!

If you’re ready to buy a home or refinance and want to take advantage of these great rates, give me a call or shoot me an email.

Source: Washington Post, June 24, 2016

Time to Lock it Up – Interest Rates Are the Lowest They’ve Been in 3 Years!

When it comes to buying a home, timing is key. Buying a home at the right time can mean getting a great interest rate on your mortgage, and your bank account will thank you. Today, interest rates are at the lowest point they’ve been in three years!
What does this mean for you?

It means that now can be a great time to take the plunge and lock that low interest rate in.

A fraction of a percentage point can mean hundreds or even thousands of dollars on a mortgage, so why pay extra when you don’t have to?

If you’re ready to buy your dream home and lock a low interest rate in, give me a call or shoot me an email!

* Current as of June 16, 2016

Interest Rates Lowest in 3 Years Mean Now Can Be a Great Time To Refinance!

If you’ve been wondering when a good time to refinance your home is, I’m here to tell you that the time is now!
Refinancing can be a great way to save money every month and reduce your monthly payment.

Lucky for you, rates are at historic lows, and they’re lower than they’ve been for three years. So refinancing right now could help save you thousands of dollars over the life of your mortgage. Just think of what you can do with that extra money!

Rates can go up at any moment, so waiting to refinance can mean losing out on saving money. Don’t let an opportunity like this pass you by.

So if you’re ready to save some serious dough, give me a call!

*Current as of June 16, 2016

Skyline Home Loans ranks as one of the Top Residential Mortgage Lenders in Portland

Skyline Home Loans is pleased to announce that it has been ranked one the Top Residential Mortgage Lending Firms in Portland, Oregon in 2015.

The list, published by the Portland Business Journal, highlights the top residential mortgage lenders in the area based on a variety of metrics including volume of loans and number of loans funded. Skyline Home Loans Northwest has been prominently featured on the list for the past two years.

“We are grateful for the trust and confidence our clients have placed in us since we began in Portland in 1983,” said Ken Maes, Northwest Division Vice President. “Over the years our team’s focus on ensuring the best home loan experience for our clients has never wavered, and never will.”

Focusing on a personal approach to mortgage lending, Skyline Home Loans Northwest has retained their warm and friendly style as a hometown lender with decades of history in the Portland area and a passion for helping people purchase homes.

“We had a wonderful experience at Skyline Home Loans! They took the time to educate us on various options and helped me make the best decision. They did an excellent job of following up to make sure our loan process was a good experience,” says Heather Owens, a client of Skyline Home Loans, Northwest Division.

Skyline Home Loans is one of the largest independent mortgage lenders in the country, ranked #35 by Mortgage Executive magazine in 2015. The Northwest Division maintains its roots as a Portland lender but continues to rapidly grow and expand with branches throughout Oregon, Washington, Northern California. The company continues to attract high-quality, high-volume loan officers, utilizing state-of-the-art technology and unsurpassed operations and extensive resources of a large corporate lender, while preserving its unique, locally-focused company culture.

Thank You to Everyone Who Helped Us Get in the Top 100!

top 100 mortgage companies
I am proud to announce that Skyline Home Loans was ranked in the Top 100 Mortgage Companies in America in 2015!

Thank you to our clients and our colleagues who have placed their trust and confidence in Skyline to help us hit this impressive milestone.

Since our founding in 1985, Skyline has been focused on delivering the best possible mortgage experience. That simply doesn’t happen unless you have an unsurpassed operations and support team, living that mission each and every day.

In 2015, the company’s volume increased by a whopping 48% from 2014! Even with a tumultuous mortgage industry, Skyline continues to grow because of our experienced, knowledgeable staff and loyal clients who keep coming back, year after year.

Skyline debuted on the Top 100 list when the rankings began in 2011 and has been on the list ever since!

I consider myself lucky to be a part of such an amazing organization with a team of people working together to achieve the same goals. Thank you for making 2015 a great year and let’s make 2016 even better!