The Perils of Adjustable Rate Mortgages

The Perils of Adjustable Rate Mortgages

While adjustable rate mortgages entice borrowers with attractively low initial rates, they carry significant risks that can derail financial stability and even lead to foreclosure in worst-case scenarios.

Payment Shock: When Your Mortgage Becomes Unaffordable

The most immediate and severe peril of ARMs is the potential for dramatic payment increases when the adjustment period begins. Consider this scenario: a borrower with a $300,000 5/1 ARM at an initial 3.5% rate would pay approximately $1,347 monthly. If rates rise to 6.5% after the fixed period, that payment jumps to $1,896—a $549 monthly increase that many household budgets simply cannot absorb.

This payment shock can be even more severe with…

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Price Reduction! - 3601 Nw Shore View Loop, Waldport, Oregon

Price Reduction! Listing By Advantage Real Estate agent Tammy Gagne 

3601 NW Shore View Loop,  Waldport, Oregon

Exceptional 2020 Craftsman Home in Prestigious Sandpiper Village

Discover this stunning 2020 Craftsman-style residence nestled in the highly sought-after Sandpiper Village community. This meticulously maintained home offers 3 bedrooms, 3 full bathrooms, and 2,120 square feet of thoughtfully designed living space on a spacious corner lot surrounded by majestic shore pines with captivating ocean views.

Interior Features: The home showcases beautiful hardwood flooring throughout, complemented by soaring vaulted ceilings that create an open, airy atmosphere filled with abundant natural light. An energy-efficient heat pump system ensures…

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Living the Dream: Oregon's Nye Beach Community

Living the Dream: Oregon's Nye Beach Community

Where artistic souls and ocean lovers find their perfect coastal sanctuary

In Nye Beach, the sound of crashing waves replaces traffic hum, and neighbors gather to discuss art openings rather than commute times. This historic Newport neighborhood has become home to a thriving community of creatives, retirees, and ocean enthusiasts who've discovered something special about coastal Oregon living.

Life by the Ocean's Rhythm

Daily routines begin with coffee and morning ocean views from the bluffs. Dog owners meet for beach walks, forming friendships that grow into lasting community bonds. The ocean's constant presence becomes your natural soundtrack—a rhythmic companion that residents say they can't…

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Agent Spotlight: Audra Powell | Advantage Real Estate

AGENT SPOTLIGHT:
Audra Powell Your Oregon Coast Real Estate Expert

Specialized Coastal Property Expertise

With nearly two decades of experience serving the Oregon Coast, Audra Powell has established herself as a premier real estate professional specializing in oceanview and oceanfront properties. Since becoming a licensed Realtor in 2004, Audra has dedicated herself to providing exceptional service to buyers and sellers throughout the coastal region from Yachats to Neskowin and inland areas. Her impressive track record includes hundreds of successful sales, demonstrating her expertise in this unique and desirable market.

The Mark of Professional Excellence: Multiple Designations

Audra holds multiple prestigious credentials in the real…

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Mortgage Loans and Lending Terms

Guide to Mortgage Loans and Lending Terms

Understanding Mortgage Terms

The length of your mortgage significantly impacts both your monthly payments and total interest paid. While 15, 20, and 30-year terms are most common, the relationship between term length and cost is inverse. Longer terms reduce your monthly financial burden but increase the total interest paid throughout the life of the loan. Shorter terms mean higher monthly payments but substantial interest savings over time.

Fixed vs. Adjustable Interest Rates

Fixed-Rate Mortgages

Fixed-rate mortgages maintain the same interest rate throughout the entire loan period, providing predictability and stability in your monthly budget. These are particularly advantageous when interest rates…

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Client Testimonials & Feedback

Client Testimonials & Feedback

Advantage Real Estate - Newport, Oregon

Proudly Serving Lincoln County For Over 30 Years.
"Let our Experience be your Advantage!"

Our Commitment to Excellence

At Advantage Real Estate, our dedicated brokers proudly serve Lincoln County, Oregon with an unwavering commitment to excellence. We have had the privilege of helping individuals and families find their perfect homes, sell properties at the right price, and navigate the complex real estate market with confidence and peace of mind.

Below and on our feedback page, you'll hear directly from our valued clients about their experiences with us. Their stories highlight the dedication of our experienced agents, our personalized service approach, and the…

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New Listing Announcement - 335 NW High Street, Newport, Oregon

New Listing! By Advantage Real Estate broker Tim Myrick

Charming Mid-1920s
Craftsman-Style Cottage

A lovingly maintained century-old home that retains the essence of her 100 years while offering modern comfort and spectacular ocean views.

Character & Charm

This very charming mid-1920s Craftsman-style cottage has been lovingly maintained and thoughtfully updated while carefully retaining the essence of her 100 years. The home features high ceilings that create a more spacious feel throughout, complemented by vibrant colors both inside and out that give the property a distinctive and memorable appearance.

Lots of original features from the period remain intact, showcasing the authentic craftsmanship and character that define this…

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Preparing for Your Move: A Helpful Guide

Preparing for Your Move: A Helpful Guide

Moving to a new home can be both exciting and overwhelming. A well-organized approach will help ensure your transition is as smooth as possible. This comprehensive guide covers everything you need to know before, during, and after your move.

Address Updates and Notifications

Change Your Official Address

Update your mailing address through USPS.com or by completing a change-of-address form at your local post office. This service will forward your mail to your new location for a specified period, giving you time to update your address with individual senders.

Notify Service Providers

Contact all important service providers to update your address information. This includes:

• Banking…

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Agent Spotlight: Randy Olsen | Advantage Real Estate

AGENT SPOTLIGHT:
Randy Olsen Your Newport Real Estate Expert

From Aerospace to Ocean Views: A Journey to the Oregon Coast

After a successful 17-year career as a partner in an Aerospace Company, Randy Olsen followed his heart to the beautiful Oregon Coast. In 2004, he and his family made the life-changing decision to sell their business and relocate to Newport—a choice they've never regretted. Today, Randy brings his business acumen and genuine passion for coastal living to every real estate transaction at Advantage Real Estate.

A Deep Appreciation for Newport's Natural Beauty and Culture

Randy's enthusiasm for Newport is contagious. As he puts it:

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Hidden Red Flags: What Inspectors Look for That Buyers Often Miss

Hidden Red Flags: What Inspectors Look for That Buyers Often Miss

Critical issues that could cost you thousands after closing

When you're touring a potential home, it's easy to get caught up in the beautiful finishes, spacious rooms, and charming details. However, experienced home inspectors know that the most costly problems often lurk beneath the surface, hidden from the untrained eye. Understanding these red flags can save you from expensive surprises and help you make informed decisions about your home purchase.

Electrical System Warning Signs

While buyers often notice outdated light fixtures, they frequently miss more serious electrical issues that inspectors spot immediately. Aluminum wiring, common in homes built between 1965 and 1973,…

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