Contributors

Friday, December 27, 2013

Welcome to Team Das!

Thanks for finding us! The Daily Das is a wonderful place to find information about the mortgage industry, lending practices, and living a sustainable life in the Pacific Northwest.

Please also Like our page on Facebook and follow us on Twitter!


But who are we anyway?!

Team Das is currently comprised of Mona Das and Makael McDonald. Our passion is providing exceptional customer service with caring and patient education. Whether you’re a seasoned investor or new to the home-buying process, we look forward to making your purchasing experience as simple, confident, and rewarding as possible.



Mona has over 9 years of experience helping clients secure homes that they love. Her tenaciousness and generosity have both earned repeat business. Currently living in Seattle, it’s her honor to use her expertise to support clients and realtors in both Washington and Oregon.





“We had been trying to figure out how to refinance our house for the last couple years and had almost given up, but Mona was steadfast and determined to find a solution. In the end our process had a lot of unusual challenges that Mona and her team helped us to face and handle for a successful outcome.” – Kaya Singer


Makael  joined Team Das in 2013 and has won our clients’ and associates’ hearts. As our Business Director, she's the first contact for day-to-day loan business. Makael enjoys meeting our Portland clients in person and attends all of our local closings. She particularly enjoys working with first-time buyers, so please contact her if you're curious about home buying and don't know where to start!




“As first time home buyers, we had no idea what we were doing. Reliable, approachable and kind, Team Das made us feel comfortable and confident in the process, and answered any question we had, no matter how insignificant it seemed. Thank you!” – Anna & Rob Metnick

Here's what some other clients and associates have said about their experiences with Team Das.

“Great rate, greater service. Team Das was right there for me whenever I had a question. Their whole team was so on top of it, we closed two days early!” – Scott Wilder

“Team Das has given us personal, sincere, considerate attention, with genuine concern for our well-being. Eva and I look forward to happily referring friends and acquaintances to you, as well as growing our relationship.” – John Muller

Your realtor will also be glad you chose us…

“Team Das was a pleasure to work with. From application to close they were responsive, positive and efficient. And, best of all, they answered their phone, which is sometimes unheard of in this business. I look forward to working with them again.” – Jen Pells, Windermere Realty, Bainbridge Island, WA

We look forward to seeing you love your new home!

Contact Makael or Mona if we can help get you pre-approved for a new mortgage or refinance.
Mona ~ Ph. 503-419-8010
Makael ~ Ph. 503-715-0144 x104  makael@rivercapitalpdx.com

Tuesday, December 17, 2013

Oregon Bond - Amazing LOW Rates Now Available...

Don’t think you make enough money to buy a home? Intimidated by the current interest rates? The Oregon Bond program just got re-funded! Here’s what that means for you…

The Oregon Bond program is a HUD program that offers below-market interest rates to Oregon residents, which helps eligible families increase their home purchasing power and lower their monthly house payments to be affordable. There are two categories of loans. For both loan options, the eligibility and program requirements are the same.
  1. RateAdvantage Home Loan – Currently offering a rate of 3.375% to qualified applicants.
  2. CashAdvantage Home Loan – Currently offering a rate of 3.875% + 3% cash gift toward your down-payment or closing costs.

Do you qualify for Oregon Bond? Here are the requirements:

  • Income Limits – Limits vary by county and the number of people in your household. A household of 1-2 people in Multnomah or Clackamas Counties is limited to a gross annual household income of $86,400. A household of 3-4 people has a limit of $100,800. You must be able to show reliable, verifiable income for the preceding two tax years.
  • 1st Time Home Buyer – You may not have owned a home within the 3 years preceding the date your loan closes (unless your purchase address is in a targeted area and the other property is transferred before closing).
  • Principal Residence – Your new purchase (no refinances, sorry) must be intended as the home in which you live. Second homes and investment properties do not qualify.
  • Housing and Debt to Income Ratios – As with all other loans, there are limits to the amount of monthly expenses you can have when compared to your monthly gross income. This is both typical and unavoidable, and part of the reason we ask for so much up-front documentation!
  • Credit Score – You must have a minimum decision credit score of 640 or higher. You cannot have any bankruptcy judgments within the last 2 years, or any foreclosures within the last 5 years.

How it works:

  • The first step is to get pre-qualified for an Oregon Bond loan with an approved lender. Call us at 503.419.8010 to begin your pre-approval process.
  • You find a home that you’d like to own. Limits on the purchase price will vary by county. The limit for Multnomah County is $381,000, while Clackamas County is $307,000.
  • You or your realtor will make a Purchase Offer and negotiate a Sales Agreement with the seller.
  • As soon as the Sales Agreement is accepted by all parties, your lender will request a reservation of monies from OHCS, Oregon Housing and Community Services.
  • Once your loan closes (after you sign all of the documents), OHCS will purchase your loan from the lender.

This loan is available throughout the state of Oregon to all qualified buyers. Additional details (and there are many, of course) may be found here: http://www.oregon.gov/ohcs/pages/sff_homebuying_low_interest_home_loans.aspx.

Call Team Das at River Capital now to begin your pre-approval and take advantage of these INCREDIBLE rates! We thrive on providing clear, competent, and caring service. Call us today to begin your preapproval!
Mona Das
Ph. 503.419.8010
Email: mona@rivercapitalpdx.com