The Lending Lady of the Klamath Basin
Dana started her career in mortgages in 1987. After obtaining her degree in Finance and Appraisal from Cal Poly, San Luis Obispo, she moved to Klamath Falls and became a Wholesale Account Executive. Dana’s responsibilities as a Wholesale Account Executive were to help loan offices structure mortgage transactions. Dana also taught credit repair, first time home buyer workshops, desktop and loan prospector underwriting, and income analysis classes. “My territory was Montana, Idaho, Southern Oregon, and Northern California. It was a wonderful job yet my priorities changed once I had my boys” In 2012 Dana opened a branch of Eagle Home Mortgage and started radio advertisements. “The radio ads have been so much fun, it makes me smile when people figure out that I am the ‘Lending Lady of
The Cost of Your
How Big of a Mortgage Can I Afford?
the Klamath Basin’. I try to address current mortgage topics including refinancing and credit repair. I want to educate my customers and the general public in the subjects of credit, budget, and general finance. Life happens, money gets tight, I understand. It is my job to help people purchase a home they can afford now and in the future.” Dana has been married to Tony, a Klamath Basin native, since 1998. They have 3 boys: Tim (11), Ryan (9), and Dylan (6). The boys attend Henley Elementary where Dana is the Vice President of the Henley Elementary Booster club. “I love living in Klamath Falls. I am humbled when I hear the militar y jets fly over from our local base. I appreciate the agricultural roots of our community and I am grateful to raise my children in this environment.”
Not only does owning a home give you a haven for yourself and your family, it also makes great financial sense because of the tax benefits — which you can’t take advantage of when paying rent. The following calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too. Based on your current rent, use this calculation to figure out how much mortgage you can afford.
Rent Payment: Multiplier:
Mortgage payment = Because of tax deductions, you can make a mortgage payment — including taxes and insurance — that is approximately one-third larger than your current rent payment and end up with the same amount of income. For more help, use Fannie Mae’s online mortgage calculators. Homes, Business & Land
South Central Oregon
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March 2014 | 3